oboloo Glossary

Driver-Based Budgeting

oboloo Glossary

Driver-Based Budgeting

Driver-Based Budgeting is a powerful planning tool that helps organizations to create an accurate and reliable budget. Using drivers – such as sales volumes, staffing levels, and raw material costs – it takes into account the present economic climate and projects future trends. This allows businesses to anticipate changes in their environment and plan accordingly. With Driver-Based Budgeting, businesses can see exactly what their financial situation will look like when a certain activity or decision occurs. Utilizing this information, they can adjust their budget to maximize efficiency and meet goals. Be wise, be proactive – try Driver-Based Budgeting today!