{"id":30283,"date":"2026-05-27T15:12:53","date_gmt":"2026-05-27T14:12:53","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=30283"},"modified":"2026-05-27T15:12:54","modified_gmt":"2026-05-27T14:12:54","slug":"strategic-budgeting","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/strategic-budgeting\/","title":{"rendered":"Strategic budgeting explained: the finance team&#8217;s role in long-term planning"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--standard\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/category\/strategy-legal-operations\/\" class=\"entry-header__link\">Strategy, Legal &amp; Operations<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tStrategic budgeting explained: the finance team&#8217;s role in long-term planning\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\tDiscover strategic budgeting and where your finance team&#8217;s expertise fits in the wider plan for business growth, resilience and smarter decisions ahead.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"col col-8 col-lg-4 entry-header__image\">\n\t\t\t<figure class=\"entry-header__thumbnail js-hero-section\">\n\t\t\t\t<img decoding=\"async\" width=\"1300\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-1300x810.jpg\" class=\"entry-header__thumbnail-image\" alt=\"\" fetchpriority=\"high\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-1300x810.jpg 1300w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-768x478.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494.jpg 1440w\" sizes=\"(max-width: 1300px) 100vw, 1300px\" \/>\t\t\t<\/figure>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2026-05-27T15:12:53+01:00\">27 May, 2026<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Strategic budgeting explained: the finance team&#8217;s role in long-term planning\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-gb\/blog\/strategic-budgeting\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-gb\/blog\/author\/laurencematone\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/03\/Profile_LM-350x350.jpeg\" class=\"entry-author__image\" alt=\"Laurence Matone\" \/>\t\t\t\t<span class=\"entry-author__name\">Laurence Matone<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">You may have several departments steering your company towards a bright future. Some deal with the product offering, some with staffing, others with marketing. Let&#8217;s see where your finance team&#8217;s fiscal expertise fits into the overall game plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There&#8217;s an argument that all budgeting is strategic because it always involves scenario-based planning and allocation of resources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, truly strategic budgeting goes a step further.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It aligns your financial planning with your organisation&#8217;s long-term goals and objectives, and in this sense the term is valid in its own right.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this article we go deeper into the factors that set strategic budgeting apart from general budgeting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here&#8217;s what we&#8217;ll cover:<\/strong><\/p>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-what-is-strategic-budgeting\" data-level=\"2\">What is strategic budgeting?<\/a><\/li><li><a href=\"#h-key-differences-between-strategic-budgeting-and-standard-budgeting\" data-level=\"2\">Key differences between strategic budgeting and standard budgeting<\/a><\/li><li><a href=\"#h-the-role-of-data-in-budgeting-strategy\" data-level=\"2\">The role of data in budgeting strategy<\/a><\/li><li><a href=\"#h-steps-for-drafting-a-strategic-budget\" data-level=\"2\">Steps for drafting a strategic budget<\/a><\/li><li><a href=\"#h-benefits-of-strategic-budget-planning\" data-level=\"2\">Benefits of strategic budget planning<\/a><\/li><li><a href=\"#h-common-mistakes-in-planning-budget-strategies\" data-level=\"2\">Common mistakes in planning budget strategies<\/a><\/li><li><a href=\"#h-different-budget-methods-for-different-businesses\" data-level=\"2\">Different budget methods for different businesses<\/a><\/li><li><a href=\"#h-is-this-the-end-of-traditional-budgeting\" data-level=\"2\">Is this the end of traditional budgeting?<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-strategic-budgeting\"><strong>What is strategic budgeting?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting is long-term financial planning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It takes into account broader market trends and factors such as economic shifts, industry developments or emerging technologies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s about adjusting financial roadmaps to your company&#8217;s future growth initiatives and potential competitive positioning.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-differences-between-strategic-budgeting-and-standard-budgeting\"><strong>Key differences between strategic budgeting and standard budgeting<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When you hear the word budget, you probably think of the typical annual budget announced at the end of a financial year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That is a general budget, defining short-term financial management based on expected income and expenses for a given period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It also usually includes specific variants like operating budget, capital budget, and project budgeting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting is different mainly because it involves more complex processes, such as higher-level analysis and cross-functional collaboration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But there are some other key differences to be aware of:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-time-horizon\"><strong>Time horizon<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">General budgeting doesn&#8217;t cover more than a single year, or even specific quarters, and simply draws on your results from the previous period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In contrast, strategic budgeting looks at a longer-term perspective, often covering multiple years, and has to be based on your company&#8217;s forecasts and projections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This involves specialised analysis, taking into account the uncertainty of economic conditions, market trends, and unforeseen events.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-resource-allocation\"><strong>Resource allocation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting prioritises investments that drive long-term value like research and development, marketing for growth, and capital expenditures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the main challenges is to make sure you have enough resources allocated to the areas that will have the biggest impact on achieving your strategic goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is where <a href=\"https:\/\/www.sage.com\/en-gb\/erp\/\">Enterprise Resource Planning (ERP) software<\/a> comes into play.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-flexibility-and-adaptation\"><strong>Flexibility and adaptation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting is more flexible than general budgeting and is designed to factor in the likelihood of your business circumstances changing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This includes shifts in market conditions or the emergence of new opportunities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Continuous, proactive monitoring and reallocation of resources are needed to stay aligned with changing priorities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In general budgeting, changes are often reactive rather than proactive.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-stakeholders-involved\"><strong>Stakeholders involved<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting involves a broader range of stakeholders, including your senior leadership.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It leverages cross-functional collaboration to align your budget decisions with your strategic initiatives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">General budgeting, on the other hand, can be handled by your finance department alone, with indirect input from other departments to make sure that each area has the resources needed to operate efficiently.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-measurement-and-evaluation\"><strong>Measurement and evaluation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">General budgeting is assessed in relation to specific monetary goals and how well (or not) you stick to that plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The success of strategic budgeting is measured by factors like movements in market share growth, return on investment (ROI) from strategic projects, and overall financial health over a longer term.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-role-of-data-in-budgeting-strategy\"><strong>The role of data in budgeting strategy<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In the above point about time horizons, we stressed the importance of forecasts and data for strategic budgeting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s worth going into greater detail about the mechanics of predicting general trends. Here are some points to consider:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-scenario-planning\"><strong>Scenario planning<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting relies heavily on scenario planning, where you consider various future possibilities, including market disruptions, competitive actions, technological advancements, and economic shifts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your scenarios may cover best-case, worst-case, and most-likely outcomes, with strategic adjustments planned for each case.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Standard budgeting also draws on scenario planning, but is often limited to the immediate contingencies your company faces, such as changes in operating costs or short-term market fluctuations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-assumptions-and-variables\"><strong>Assumptions and variables<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting is based on a wider range of variables compared to standard budgeting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your variables can include market entry into new regions, investments in new technologies, or shifts in consumer behaviour.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Projections must also account for strategic initiatives, such as mergers and acquisitions affecting your company, new product launches, or significant capital expenditures that may not have historical precedents.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For your standard budgeting, projections are more likely to follow predictable patterns (e.g. seasonal sales trends and inflation adjustments).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-risk-assessment\"><strong>Risk assessment<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Risk assessment is more important and comprehensive in strategic budgeting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You&#8217;ll need to think about long-term uncertainties, such as regulatory changes, economic downturns, and technological disruptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You&#8217;ll also need to adjust your projections to include the potential impact of these risks and how they might influence your organisation&#8217;s chances of pursuing its strategic goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In general budgeting, contingency plans consider immediate financial risks, such as fluctuations in revenue or unexpected expenses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-market-and-competitive-analysis\"><strong>Market and competitive analysis<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For strategic budgeting, market and competitive analysis is also more in-depth, ideally using <a href=\"https:\/\/www.sage.com\/en-gb\/blog\/business-intelligence-company-effective\/\">business intelligence<\/a> solutions to assess long-term industry trends, competitive positioning, and potential market shifts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You need projections that are aligned with strategic market opportunities, like capturing new market segments or responding to competitive threats.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In standard budgeting, on the other hand, the primary focus is on internal financial performance, with little need for market analysis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Competitive analysis is usually limited to immediate impacts on pricing or sales projections.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-steps-for-drafting-a-strategic-budget\"><strong>Steps for drafting a strategic budget<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Because of the long-term focus of strategic budgeting and the complexity of forecasting trends, planning for this model can be time-consuming.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The plan itself needs some degree of strategy, arranged in a series of phases:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-define-strategic-goals-and-objectives\"><strong>1. Define strategic goals and objectives<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic goals are often defined during annual financial reviews, with input from your CEO or Managing Director, and executive team members such as the CFO, COO and CMO.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In larger organisations the board of directors will also have a say.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In dynamic, constantly evolving industries, strategic goals might need to be revisited and adjusted more frequently to respond to changes in the market, competitive landscape, or internal capabilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These goals focus on long-term targets, including growth, market expansion, and innovation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-conduct-a-strategic-analysis\"><strong>2. Conduct a strategic analysis<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Analyses to determine your strategy include evaluations of internal and external environments, often through a SWOT analysis, market analysis, and competitive assessment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The insights gained will help you identify growth opportunities, potential risks, and internal strengths and weaknesses, all of which will influence your budgeting decisions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-forecast-revenue-and-expenses\"><strong>3. Forecast revenue and expenses<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Your budgeting team now needs to prepare projections based on both historical data and the strategic initiatives planned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-gb\/sage-business-cloud\/intacct\/product-capabilities\/extended-capabilities\/financial-planning-budgeting\/\">Accurate forecasting<\/a> is vital as it will give you a realistic view of your available funds and how these should be allocated to support your strategic goals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-prioritise-strategic-initiatives\"><strong>4. Prioritise strategic initiatives<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Here, you&#8217;ll rank your main projects and investments based on their potential impact and value in achieving your organisation&#8217;s goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This prioritisation process will help you make sure that the most strategically important initiatives get the resources they need.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-develop-budget-scenarios\"><strong>5. Develop budget scenarios<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Once financial resources\u2014and assets such as personnel and technology\u2014have been assigned to the selected strategic initiatives, you can propose budget scenarios to prepare for uncertainties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These scenarios typically include best-case, worst-case, and most-likely outcomes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They allow your organisation to adapt its budget based on different assumptions about revenue, expenses, and external factors like market conditions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-6-budget-review-and-approval\"><strong>6. Budget review and approval<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Now, you can present the budget proposal to key stakeholders, including your senior leadership, for validation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They will verify that the assumptions behind the budget are sound, evaluate the risks, and make sure that the budget aligns with your organisation&#8217;s strategic goals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-7-monitoring-and-tracking\"><strong>7. Monitoring and tracking<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Once your budget is implemented\u2014with funding, responsibilities, and timelines allocated\u2014you will need to implement monitoring and controls to track progress and spending.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This involves comparing your actual results against projections, tracking key performance indicators (KPIs), identifying variances, and making any necessary adjustments to keep your budget in line with your objectives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Typically, a final review will be carried out at the end of the budget period to decide on your programme&#8217;s effectiveness.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-strategic-budget-planning\"><strong>Benefits of strategic budget planning<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">By aligning your budget with your strategic goals, your organisation can focus on initiatives that drive growth, innovation, and competitive advantage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, there are other benefits to this approach as well. Particularly when supported by <a href=\"https:\/\/www.sage.com\/en-gb\/accounting-software\/financial-planning-software\/\">financial planning and budgeting software<\/a>:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-better-resource-allocation\"><strong>Better resource allocation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting helps prioritise investments in the projects and initiatives that are most likely to deliver ROI or value over the long term.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-enhanced-decision-making\"><strong>Enhanced decision-making<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With a strategic budget, your decision-makers have a clear understanding of how financial resources will be used to achieve your strategic goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This enables more informed and confident decision-making, especially when it comes to capital investments, new projects, and market expansions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Increased flexibility and adaptability<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Given the multiple outcomes proposed with scenario planning, strategic budgeting means your organisation has done the groundwork to respond to various future possibilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In other words, you&#8217;ll be better prepared to adapt to changes in the market, economy, and competitive landscape.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-improved-performance-monitoring\"><strong>Improved performance monitoring<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By linking budget allocations to specific strategic goals, your organisation can track progress more accurately.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This helps you identify where adjustments are needed, leading to better overall performance management.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-long-term-financial-health\"><strong>Long-term financial health<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By planning for future investments and considering long-term trends, your organisation can avoid short-term financial pitfalls and pave the way for ongoing financial health.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-common-mistakes-in-planning-budget-strategies\"><strong>Common mistakes in planning budget strategies<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Like all complex initiatives, there are many points in the budget planning process where mistakes can cause things to go very wrong.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some potential pitfalls to look out for:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-errors-in-defining-strategic-goals\"><strong>Errors in defining strategic goals<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you don&#8217;t have a clear vision, or choose the wrong objectives, your budget won&#8217;t support your long-term plan effectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Poor planning can lead to misalignment of resources and initiatives, which translates into missed opportunities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-overly-optimistic-projections\"><strong>Overly optimistic projections<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting depends heavily on forecasting future revenues, expenses, and market conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Being overly optimistic in these projections can lead you to underfund critical areas or overcommit resources in others, ultimately jeopardising your strategic plan&#8217;s success.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-failure-to-assess-external-factors\"><strong>Failure to assess external factors<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Ignoring external factors, such as economic trends, competitive dynamics, and regulatory changes, can result in a budget that isn&#8217;t built to cope with external shocks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In other words, your organisation will be vulnerable to unexpected changes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-underestimating-risk\"><strong>Underestimating risk<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s not enough to pinpoint opportunities or external factors without assessing their likelihood.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your budgeting team must calculate the risk of each event happening and plan contingencies accordingly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overlooking this step can lead to significant financial and operational challenges.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-lack-of-flexibility\"><strong>Lack of flexibility<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A common mistake is creating a rigid budget that doesn&#8217;t allow for adjustments when circumstances change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This can get in the way of your organisation responding effectively to new opportunities or challenges.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-failure-to-monitor-and-adjust\"><strong>Failure to monitor and adjust<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">An obvious requirement for flexibility is regular reviews and adjustments of ongoing performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Without this approach, your budget can quickly become misaligned with your organisation&#8217;s strategic goals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-overemphasis-on-cost-cutting\"><strong>Overemphasis on cost-cutting<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Whilst controlling costs is always important, an excessive focus on cost-cutting in strategic budgeting can undermine long-term growth and innovation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don&#8217;t skimp on strategic investments if these are key to driving future success.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-inadequate-stakeholder-involvement\"><strong>Inadequate stakeholder involvement<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you don&#8217;t involve key stakeholders, such as department heads or cross-functional teams, you could end up with a budget that lacks buy-in from important colleagues and that doesn&#8217;t reflect your actual operational processes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This can lead to unrealistic budgets that are difficult to implement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-different-budget-methods-for-different-businesses\"><strong>Different budget methods for different businesses<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Some businesses are better suited to strategic budgeting than others.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But as organisations evolve they all go through stages where they can reap the benefits of strategic budgeting and scenario-based planning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic budgeting is particularly beneficial if you operate in complex or dynamic environments\u2014characterised by rapid technological advancements, innovation, and ever-changing consumer preferences\u2014or for large organisations with multiple departments and diverse product lines.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This also goes for companies operating in multiple markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A combined approach\u2014incorporating both standard and strategic budgeting\u2014is recommended for industries subject to rapid change, like technology and fashion, or highly competitive sectors where agility is essential.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic allocation of resources also makes a difference for companies focused on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>long-term projects,<\/li>\n\n\n\n<li>capital-intensive businesses,<\/li>\n\n\n\n<li>growth-oriented firms,<\/li>\n\n\n\n<li>regulated industries,<\/li>\n\n\n\n<li>and organisations undergoing significant changes, including mergers and acquisitions.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-this-the-end-of-traditional-budgeting\"><strong>Is this the end of traditional budgeting?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whilst traditional budgeting is by no means the only approach to financial planning, it&#8217;s hardly under threat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It will always be crucial for most businesses, but we are seeing an evolution towards more flexible, strategic, and scenario-based financial planning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Arguments for making your budgeting more strategic include increased uncertainty in many markets, the need for agility, and the effect of technological advancements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That said, traditional budgeting is still very much relevant for regulatory requirements, stakeholder expectations, and operational necessities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most organisations are adopting hybrid approaches, gradually transitioning and adapting practices to their specific industries and complexities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The future will likely involve a mix of traditional budgeting with newer, more dynamic methodologies as business needs change and technologies mature.<\/p>\n\n\n\n<p class=\"has-paragraph-medium-font-size wp-block-paragraph\"><strong>Final thoughts<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether strategic or traditional, hybrid or fully transitioned to a new budget model, companies will always need technology to assist with budget planning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Solutions like Sage AI-powered <a href=\"https:\/\/www.sage.com\/en-gb\/accounting-software\/\">accounting software<\/a> are constantly evolving to meet your shifting needs, helping you adapt and thrive in a dynamic financial landscape.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/business-finances\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness finances\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/financial-education\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tFinancial education\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-10040 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-bookkeeping tag-business-finances tag-mtd-business tag-need-to-know tag-tax tag-vat business_type-small-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-497069597-1440x810.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-497069597-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-497069597-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-497069597-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div 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Find out how it applies, what software you need, and how to keep digital records and file VAT Returns.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-32306 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations category-technology-innovation tag-business-finances tag-business-performance tag-business-support tag-cloud tag-data-analytics tag-midsized-business tag-performance-management tag-productivity tag-reporting business_type-small-business business_type-medium-sized-business industry-financial-services 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class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-29T12:32:05+01:00\">29 September, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">1 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tIs your finance system holding back business growth?\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-32304 post type-post status-publish format-standard has-post-thumbnail hentry category-people-leadership category-strategy-legal-operations tag-business-costs tag-business-finances tag-business-performance tag-business-support tag-data-analytics tag-digital-transformation tag-midsized-business tag-reporting tag-workplace-technology business_type-medium-sized-business industry-financial-services industry-professional-services\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/from-scorekeeper-to-strategist-how-the-cfo-role-is-evolving\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-4-header-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-4-header-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-4-header-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-4-header-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-29T12:19:55+01:00\">29 September, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">5 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tFrom scorekeeper to strategist: How the CFO role is evolving\u00a0\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-32298 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations category-technology-innovation tag-business-finances tag-business-performance tag-business-support tag-cloud tag-data-analytics tag-digital-transformation tag-finance tag-midsized-business tag-performance-management tag-reporting tag-workplace-technology business_type-medium-sized-business industry-financial-services industry-professional-services\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/group-consolidation-why-it-takes-so-long-and-how-to-fix-it\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-2-header-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-2-header-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-2-header-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-2-header-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-29T12:00:40+01:00\">29 September, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">6 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tGroup consolidation: Why it takes so long and how to fix it\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-32289 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations category-technology-innovation tag-business-finances tag-business-performance tag-create-business-plan tag-data-analytics tag-finance tag-financial-education tag-performance-management tag-productivity tag-reporting tag-workplace-technology business_type-medium-sized-business industry-financial-services industry-professional-services\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/how-to-build-a-cfo-dashboard-that-actually-drives-decisions\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-3-header-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-3-header-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-3-header-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2026\/09\/intacct-3-header-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-29T11:49:51+01:00\">29 September, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">7 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tHow to build a CFO dashboard that actually drives decisions\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Discover strategic budgeting and where your finance team&#8217;s expertise fits in the wider plan for business growth, resilience and smarter decisions ahead.<\/p>\n","protected":false},"author":1911,"featured_media":16454,"menu_order":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","_yoast_wpseo_schema_page_type":"","_yoast_wpseo_schema_article_type":"","_sage_video":false,"_yoast_wpseo_focuskeywords":"","_yoast_wpseo_keywordsynonyms":"","_yoast_wpseo_primary_category":"9","sage_membership_post_content_type":"article","sage_membership_post_featured_video_id":"","sage_membership_post_video_type":"trailer","sage_membership_post_featured_video_duration":"","post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[9],"tags":[135,127],"business_type":[4,3],"lilypad":[],"context":[],"industry":[],"persona":[71],"imagine_tag":[77],"coauthors":[752],"class_list":["post-30283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategy-legal-operations","tag-business-finances","tag-financial-education","business_type-small-business","business_type-medium-sized-business"],"sage_meta":{"region":"en-gb","author_name":"Laurence 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