Respuesta :
Computerized budgeting systems not only speed up the process but also reduce the cost of budget preparation when large quantities of data need to be processed. In addition, management can determine the impact of various operating alternatives on the master budget. Many companies use a wide range of computerized approaches in developing their budgets.
In particular, there exist two popular computerized approaches that many companies use which include integrated B&P (Budget and Planning) software systems and spreadsheet software, a prime example of this spreadsheet software being the popular Microsoft Excel. It is paramount to note that these integrated computerized budget and planning systems are essential in the budgeting process because they reduce the cost of budget preparation, and they speed up the budget preparation process. Additionally, Computerized budgeting systems help in handling huge data volumes as they effectively speed up the budgeting process.
Learn more about Computerized budgeting systems:
https://brainly.com/question/12990972
#SPJ4
