Budgeting Model

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Budgeting Model

Any quantitative system used to help prepare a budget. A budgeting model helps a company ready itself in case revenues and/or expenditures are different from estimations. That is, it assists in determining what a company ought to do if it performs particularly well or poorly in a given year. Most budgeting models involve calculations done on a computer.
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Bolesh noted that while overall spending patterns offer good budgeting models, drug developers must allocate their marketing resources in a manner that makes sense for their individual brands.
A better alternative may be to look for software that offers clearer guidance in establishing basic budgeting models and can be deployed cost-effectively, while still allowing flexibility for finance personnel to customize where needed.
The use of ActiveRules technology replaces the time-consuming and error-prone scripting required with traditional ad-hoc query tools -- moving the ability to build sophisticated analytical models into the hands of business users, much the same way that the first spreadsheet software enabled PC users to take control of budgeting models.
IT must develop baseline usage models and budgeting models to help IT and business units budget appropriately for the ups and downs associated with pay-as-you-use pricing.
During the two-day conference practitioners will work together in small groups on interactive exercises and have the opportunity to discuss various budgeting models with experts from diverse disciplines.