Why Budget Approval Cycles Are Getting Longer in Southeast Asia
We've been tracking approval timelines across mid-sized companies in Thailand for the past eighteen months. Something's changed. What used to take two weeks now stretches into a month or more. The reasons aren't what you'd expect.
It's not about bureaucracy getting worse. Companies are adding checkpoints because they learned hard lessons during 2023's economic adjustments. More people want visibility into spending decisions now. Finance teams are responding by building more thorough review stages.
This shift affects how teams should structure their budget requests. Front-loading documentation saves time later. We've seen this pattern repeat across different industries.
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