MANAGE CORE BUSINESS PERFORMANCE USING
A TOOL DEDICATED TO BUDGET PLANNING

Draw up your budget and
improve the budget process
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Budget planning - Forecast - Plan

For faster, richer and more frequent forecasts

Enjoy greater efficiency and peace of mind

  • Centralize actual and forecast data within a single database equipped with an audit trail to provide a single version of the truth
  • Eliminate manual low-level tasks by automating actual data collection and using shared formulas
  • Help contributors report forecast data using clear processes and access the latest validated version of data
  • Leverage a shared analysis framework that is constantly updated
Avantages

A single in-memory database enabling the sharing of data in real-time
A powerful yet simple data loading tool that can connect to all data sources within your information system
Shared actual and forecast repositories for all templates and versions
Step-by-step user processes based on task lists and approval workflows

Improve forecast and analysis

  • Increase the frequency of forecasts to access up-to-date data for decision-making
  • Improve the quality of forecasts by identifying the causes of discrepancies in forecasts
  • Control costs in the Finance Division by eliminating the update of data entry masks, reports and dashboards
  • Perform quick analyses and satisfy the expectations of internal customers by providing the consequences of different what-if scenarios
Avantages

Create as many versions as required, e.g. forecast, plan, outcome, rolling forecast, weekly estimate, etc.
Leverage all existing masks, reports and dashboards when a new version is created, without worrying about data integration and formulas
Simple and intuitive solution enabling decentralized data entry to collect local data faster

Improve collaboration and align the entire company with corporate strategy

  • Process more information to identify trends and update correlations
  • Integrate the business cost drivers used by different departments in day-to-day management tasks
  • Merge operational reporting and use a single database shared by the entire company
  • Align objectives with corporate strategy based on clear and shared scopes of responsibility
  • Facilitate decision-making at all levels of the company by providing access to up-to-date data
  • Develop management by process
Avantages

A transversal scenario management system to ensure consistency within the company
A modeling tool that combines operational data in econometric models
A real-time information sharing solution using dashboards specific to each activity
Possibility of integrating large data volumes from different systems, e.g. CRM, payroll, or production management, via a simple user-friendly interface

Did you know...

Discover our complementary solutions for optimizing financial reporting.

ADAPTIVE PLANNING

Agile Finance: The simplicity and power of the world leader in cloud-based financial planning.

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Adaptive Planning is the SaaS-based reference solution for budget planning and forecast cycles, e.g. forecast, outcome, or medium-term plan.

ADAPTIVE DISCOVERY

All of your indicators. Instantly.

An instant overview.

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Adaptive Discovery is a next generation solution based on the latest technologies. Web-based in the cloud, it is accessible anywhere, from any device and at any time. Devices include PCs, laptops, mobiles and tablets.

Budget Planning: FAQ

+ - What are the benefits related to the use of a specific budget planning software ?

For Finance Divisions that have chosen to acquire a budget planning solution, the added value lies in the resolution of issues directly related to management control needs, i.e. increase the speed of processing and eradicate mundane low-level tasks.

The following benefits are usually generated by the implementation of a solution:

Improvement in data quality and the reliability of data reported

More secure processes with less time spent on forecasts and better management of schedules

Reduced costs in the Finance Division

These savings are real and suffice to justify the decision to acquire a budget planning and analysis solution for plans, budgets and forecasts.

Unfortunately, Finance Divisions are often put off by the price of traditional solutions, the need for experts to set up complex tools, the length of time required for the implementation phase and operational costs.

Besides concrete improvements to help Finance Divisions work more effectively, a modern budget planning solution offers extremely interesting perspectives for the entire company.

  • Better integration of operational managers within the forecast process
  • Greater consistency of the different forecast cycles, e.g. plans, budgets, forecasts
  • Fewer reporting and forecast cycles in the company

+ - What criteria should be considered when selecting a budget planning solution ?

When selecting a budget planning solution, the main criteria should include:

  •  A cloud-based solution that is distributed via SaaS
  • A solution that has been widely deployed and whose user satisfaction rate is one of the highest
  • A solution whose publisher is financially robust
  • Easy-to-use Excel-like user interface
  • Financial functionalities such as the simulation of what-if scenarios, break-back and intercompany eliminations
  • Modularity, i.e. the ability to handle multiple problems by interconnecting them
  • Frequent and automatic updates
  • No code required for modifying the configuration
  • High availability with important levels of performance
  • Integrated, i.e. with links between forecasts, consolidations and dashboards
  • Accessible from mobiles, tablets or laptops
  • Agnostic, i.e. able to support any operating system or browser on the client workstation

+ - What is performance management ?

Over the past few years, performance management has become a familiar term in the field of consultancy and integration. It refers to a set of practices used in analysis and forecast reporting.

Performance management can be adapted to the different businesses within a given company, e.g. sales performance management. However, it is usually associated with global corporate performance management, also known as CPM (Corporate Performance Management) or EPM (Enterprise Performance Management).

In practice, it refers to a set of practices that boost the effectiveness of forecast results (financial and non-financial) and monitor discrepancies between actual and forecast figures. Multiple processes are commonly used to perform forecasts by aggregating the relevant indicators.

+ - What criteria should be considered when selecting a budget planning solution ?

The clearer the procedures and scopes of application, the more precise the results. Yet, few companies focus on the accuracy of forecasts carried out after the budget.

The analysis of discrepancies is systematically performed between budget and actual data and often, between the estimated outcome and the Y-1 budget. As such, the budget is often the alpha and the omega of the analysis performed by managers and management controllers. Few companies actually attempt to reduce the discrepancy of forecasts undertaken during the current financial year.

That’s a pity.

On one hand, this means that quarterly forecasts are of no real value, and on the other, this implies that events occurring after the validation of the budget are ignored.

Yet it is obvious from studies conducted by leading audit firms that the accuracy of forecasts ensures that resources are optimized, offering an invaluable advantage to companies that use performance metrics in their business processes.

If performance management is a major challenge for companies and if regular forecasts are effective in achieving the expected results, it seems normal to measure the relevance of these forecasts.

+ - What criteria should be considered when selecting a budget planning solution ?

A performance management solution offers benefits that can improve the accuracy of forecasts.

Firstly, it eliminates issues related to the use of Excel and emails in terms of data consolidation and process security. It is also easier to link operational data used by managers with forecast financial data. This ensures greater reliability and provides better understanding of the causes of discrepancies.

The modeling possibilities available enable you to adopt a continual improvement process using simulations.

Lastly, reporting management is facilitated thanks to the setting up of workflows and task lists.

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