About a dozen years ago, many companies adopted rolling budgets as a way to update their financial outlook constantly instead of waiting for the end of the quarter or year. Essentially, they viewed each new month as the start of a new year, allowing them to adjust to the future based on trends of the recent past.
Ah, the good old days. Today things move much faster, not just with budget planning but with virtually every business process in almost every large company.
John Burton, CEO of Nintex, argues that this evolution in business processes stems largely from the explosion in unstructured data that allows teams of employees to react to new data, the needs of mobile workers, price changes, social media or other factors that come into play.
CMSWire asked him to share his point of view from the helm of a company that creates workflows for about 5,000 clients.