Take a break from manual planning processes in multiple, static spreadsheets. Reduce time spent on manual revisions and unproductive approvals processes and adopt a more automated, agile approach that lets you focus on what matters most—planning for the future.
Stop planning in silos. Connect operational and financial plans to increase accuracy. Crowdsource operational data from every level of your organization while keeping finance firmly in control of the overall process.
Don’t let yourself be constrained by the limitations of your planning software. Prioritize software that adapts to your internal demands and scales to support organization-wide planning, while providing extreme flexibility to cope with whatever unexpected changes the future may have in store.
Make it easy to source key operational data through finance-owned spreadsheets, forms, and workflows that are simple for anyone to fill out. Then automate the rest. Work with everything from top-down, bottom-up, zero-based, and hybrid budgeting models to continuous, driver-based planning; your data needs are the only thing to square away.
Enhance and centralize your workflows to ensure high levels of participation within your team and throughout your organization, to improve accuracy and shorten cycle times. Speed up approvals with workflow management and automated email coordination. Seamlessly add commentaries around plans and budgets to accelerate communication and boost understanding. Implement sophisticated data access rules and maintain a full audit trail of changes to meet your organization’s governance and compliance needs. Enable finance teams to quickly change planning models to reflect a changed account structure or to add a new entity, without requiring lengthy rework by IT.
Create rolling forecasts with an infinite number of scenarios. Create and easily update driver-based planning and forecasting models to maintain alignment between financial plans, operational data, and corporate objectives. Create sales budgets, production budgets, cost budgets, employee budgets, project budgets, purchase budgets, sales forecasts, cash flow forecasts, workforce planning, occupancy planning, high-level production planning, FTE planning, purchase planning, and much more. Compare multiple versions of models and what-if scenarios. Change models on the fly to adapt to evolving business needs.
Connect your planning with reporting, analytics, and dashboards in one place so you can make the right decisions, fast, across your organization. Bridge the gap between financial and operational details, and drill into variances and commentaries to quickly identify anomalies and uncover the root cause. Then, easily share your findings with relevant stakeholders, empowering your organization to act on the story behind the numbers. Rich data integrations, in-report commentary, and reports that are accessible on any device will add the color and collaboration needed for truly decisive, insight-driven action.
Whether the fiscal planning process is an exciting time for you, or the idea of your next budgeting exercise leaves you cringing with the anxiety of chaos and long nights, this whitepaper will introduce you to the common budgeting approaches and challenges while also introducing ways to overcome them.
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"In a dynamic and complex environment like ours, there is an increasing demand for timely and accurate financial results. Our insightsoftware application has given us the tools that we need to not only keep up with this demand, but to effectively react to change.”
