The need to look further than static quarterly or annual budgeting and planning cycles to get greater business insights from them, is driving change in what once could have been considered a tick box exercise.
Spreadsheets are usually the primary tool that finance departments turn to for their budgeting and forecasting requirements, but these very quickly become extremely difficult to manage due to issues such as version control, data accuracy, and collaboration for efficient financial analysis.
An integrated Budgeting Planning and Forecasting toolset can deliver the cashflow forecasting reporting, which is now so critical to many companies, as part of a much enhanced business budgeting system across your company as a whole, which in turn enables faster financial forecasting and decision making.
A built-for-purpose FP&A system utilises a dedicated application that not only easily overcomes spreadsheet issues, but also effortlessly enables all key business systems to be integrated for financial and operational plans across the organisation.
Financial forecasting software that can deliver ease of use with powerful capabilities is only part of the key to success however. We help our clients to enhance their internal processes and develop forecasts based on integrated budgets and plans which enable managers to see trends, patterns, opportunities and risks long before their competitors.
InfoCat focus on the delivery of these capabilities. Our long experience of this discipline enables us to deliver world class CPM systems to our clients.
Vena Solutions can transform your existing Excel-based system into a complete CPM solution. Delivers fast implementations & valuable time saved at your month end.
IBM Planning Analytics delivers a complete solution for budgeting, planning, reporting and forecasting, bringing powerful analytics into everyday decision-making.
Whether you are completely new to FP&A or are an experienced business finance professional looking for in-depth articles, these events will help you to get the most from attending.
You either rely solely on spreadsheets for your budgeting processes, or have identified the need for a more integrated Corporate Performance Management system. There are pro's and con's with either approach and you need to make the right choice for your environment. Both options should provide you with easy control, collaboration, and a single version of the truth. The links below indicate some of the key areas for consideration.
Without a centralised data mapping capability, version control, plus amendments, resubmissions, your approval process and more, become cumbersome and expensive overheads.
Numbers often need context. Any system should provide an easy means to drill-to-detail and provide the full story behind the headlines. Ensure that your FP&A tool can easily integrate all business data and systems.
Automation is coming to the office and it's arriving fast. Financial processes that were once regarded as tedious monthly requirements can be easily automated, leaving you more time to run your business effectively.
Making the finance function digital is a key imperative for many companies. Any new system must be capable of delivering a digital solution for a finance-led culture.
Gain clarity and focus across all areas of your business.
Enable in depth analysis of your key financial drivers.
Combine 'top down' and distributed 'bottom up' processes.
Deliver real-time calculation and consolidation.
Conduct 'what-if' analysis quickly and accurately.
Use existing reports while reducing spreadsheet errors.
Accelerate your cashflow analyses & gain faster insights.
Increase accuracy, transparency, and access to information.