Budget and Business Intelligence -A qualitative study about budgeting and Business Intelligence in relation to the ongoing budget debate
Abstract: Backgroundand ProblemDiscussionThe world we are living in is becoming more and more globalized.Organizations are competing worldwide and in order to be part of thedevelopment, it is crucial for organizations to respond to the changes. At thesame time, there is a debate about the relevance of the budget which hascreated an intense discussion on budgeting. Critics mean that the budget is anoutdated means of control that consumes a considerable amount of resourcesand time from organizations. There are also those who suggest that the budgetin itself is no problem, but that the use of budgets is the determining factor inwhether or not the budget is useful for organizations. This thesis aims toinvestigate if Information Technology, more specifically BusinessIntelligence, has had any effects on budgeting in organizations. BusinessIntelligence is a decision support system that can help organizations managetheir data and improve the decision making. The purpose is to give anotherperspective on the budget debate by examining if it is possible that BusinessIntelligence has had any effects on the budgeting process, and if BusinessIntelligence is a contributing reason to why organizations have not abandonedtheir budget.The research question is as follows:• What link is there between Business Intelligence and theBudgeting Process in the context of the ongoing budgetdebate?MethodologyThis thesis has been conducted by collecting data from four medium sizedand large organizations in Sweden within diverse industries that in one oranother way are using Business Intelligence in their budgeting process.Results andConclusionsThis thesis has found that Business does affect the budgeting process inrelation to the ongoing budget debate. The effects that have been found aretime savings, increased adaptability, more efficient processes, increasedflexibility, and improved decision making. All of these effects can be relatedto the ongoing budget debate.
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