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Due to being such a dynamic and high-growth industry, budgeting and forecasting is a challenging process. According to Tantoco, prior to cloud-based EPM, their organization was buried in spreadsheets, which led to the budgeting and forecasting process being conducted manually. This was incredibly tedious and time-consuming.
But the gold standard spreadsheet software is creaking as demands pile up on financialsystems analysts, they complain. In the words of another finance operations lead at a large niche pharmaceutical company: “We have a lot of manual processes and inputting and that type of stuff which I am trying to get away from.
Jamaica Richard Byles: A– Jamaica is undergoing a stabilization program to create an environment with stable growth, low inflation, and a stable public budget. Inflation was 6.7% in 2023, and the IMF forecasts it lowering to 4.4% in August, down from 107.4% in January.
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