Login
Clayton Utz takes new budgeting system
LAW FIRM Clayton Utz has scrapped the old method of developing its annual budget using spreadsheets, and is to use instead a business planning and forecasting solution.Spreadsheet-based…
Lawyers Weekly
LAW FIRM Clayton Utz has scrapped the old method of developing its annual budget using spreadsheets, and is to use instead a business planning and forecasting solution.
“Budgeting can be done with spreadsheets, but given the complexity of our budget requirements and our need for strong revision management, we came to the conclusion that there had to be a better way,” he said.
In place of the spreadsheet methodology, the firm has adopted Aderant’s Business Planning and Forecasting Solution, which the company claims “frees partners, associates, and finance personnel to focus on improving the firm’s business performance, not consolidating spreadsheets”. The new module is expected to help the firm continue to develop accurate budgets for all staff, revenue, expenses and capital requirements.
