Globally, 29% of organisations need more than 10 days to finish a single forecast iteration, and finance teams across Vietnam, Thailand and Cambodia are likely to meet or exceed that mark.
Why Vietnam, Thailand, and Cambodia?
Vietnam is one of Southeast Asia’s fastest-growing economies.
Thailand’s businesses are pushing further into digital transformation than almost anywhere else in the region.
Cambodia’s finance sector is professionalising at a pace few would have predicted a decade ago.
On paper, finance leaders in all three markets have every reason to be confident.
Look inside the budgeting process, though, and the picture changes. Budgeting still means a spreadsheet exercise squeezed into the final weeks of the year, no matter how fast the business around it is moving.
The high-growth challenger
Digital maturity, execution gap
44% of Thai businesses have reached the “Doing Digital” stage yet budgeting and planning haven’t caught up with that maturity.
The emerging frontier
A dual-currency economy and a severe shortage of qualified finance professionals make structured budgeting the exception, not the rule.
But a budget is also a governance tool, a strategic compass, and the foundation for decisions made throughout the year, which is exactly why it deserves more attention than an annual box-tick.
Three different markets united by three common threads
During the research, TRG found finance leaders in Vietnam, Thailand, and Cambodia face a shared set of pressures:
Spreadsheet dependency
Version-control conflicts, inconsistent assumptions and manual reconciliation show up at every enterprise size, from Cambodian SMEs to large Vietnamese and Thai finance teams.
Rising regulatory pressure
Vietnam’s new tax administration law, Thailand’s Pillar Two obligations and Cambodia’s Capital Gains Tax are each pushing budgeting toward continuous, auditable processes.
The finance talent squeeze
Cambodia has fewer than 200 IFRS-qualified accountants for over half a million SMEs. Vietnam and Thailand face their own expertise and capacity gaps.
See where your process stands before the next planning cycle begins using TRG’s budgeting toolkit
TRG offers this complimentary resource bundle in direct response to those three pressures. Rather than one generic download, TRG has put together a practical budgeting toolkit that consists of a detailed research paper on the budgeting practices across Vietnam, Thailand, and Cambodia, and an on-demand webinar, providing a regional benchmark for finance teams to see where you stand while exploring what modern, driver-based budgeting looks like in practice, whichever one fits where your team is today.
Corporate Budgeting Across Vietnam, Thailand, and Cambodia: Pain Points, Practices, Tools, and the Road Ahead
The full regional benchmark: pain points, practices, tools, and the road ahead for finance leaders across all three markets.
What you’ll find in this research paper:
- Country-by-country budgeting practices, technology adoption and regulation across Vietnam, Thailand and Cambodia
- The pressures that finance teams in each country share
- 5 shifts defining the next few years of budgeting and planning in the region
Budgeting: From Manual to Agile
TRG solution expert, together with Rick Yvanovich, our Founder and CEO, will walk through how the right EPM solution can help replace manual, spreadsheet-driven forecasting with driver-based planning.
What you’ll take away from this on-demand webinar:
- A side-by-side look at moving from a traditional approach to an agile, driver-based process
- A live walkthrough of Infor EPM’s driver-based budgeting and rolling forecasts
- Practical guidance from TRG solution experts on where to start
Each resource stands on its own; use whichever fits where your team is today. Together, they give you the regional context, a look at modern planning in action, and a clear read on your own process.
Work through them at your own pace and get the complete toolkit today!
