Rear Admiral Grace Hopper knew a thing or two about the need for change.

The U.S. computer science pioneer once said that “the most damaging phrase in the language is: ‘It’s always been done that way.’” (I wholeheartedly agree with Rear Admiral Hopper.)

When she uttered those words, Hopper, who was nicknamed “Grandma COBOL” for her role in laying the foundation for that computer language, could have been speaking to the folks in charge of corporate planning functions.

Fortunately, things are changing in the realm of corporate planning.

I’ll be examining this change in an April 8 Webcast with Business Finance editor in chief Jack Sweeney. We will present fresh findings from a new budgeting best practices survey of more than 200 finance executives.

Tune in and you’ll see why a growing number of North American companies are recognizing that the traditional budgeting process does not compute. ###