With hazards like rising interest rates, perennially disrupted supply chains, inflation, and a possible recession on the road ahead, a thorough budget and forecasting process can give your company the guidance it needs to continue thriving. A company’s budgeting and forecasting functions are vital components of their executive oversight, operation, and finance functions. However, there is often confusion about what the budget is supposed to do and why the company even needs one in the first place.…