These software packages can also be effective enough to collect and link information from the company's accounting department to create a simpler process of creating and managing budgets, which will be also modifiable by management, incorporating any other provision. These software packages generally provide a valuable tool for managing financial information and reviewing information in real time. All these conclude the importance and necessity of budgeting in every organization. Budgeting helps the company to know its current performance margin and evaluate it to achieve a better result. As Allen Lakein says, “Failing to plan is planning to fail.” If budgeting is not done it can affect the entire financial system, even though the use of budgeting is criticized by many, it has its own merits that stand out, therefore the use of budgeting is important in each case.