A tailored budget and planning tool creates the right foundation for good and sound performance management solution.
Driver-based planning has become increasingly popular as well as the trend of rolling forecasts. The two factors put alot of pressure on traditional budgeting solutions using Excel template with macros etc. That way of working is not just efficient enough.
Utilizing a centrally stored budget model in a common database is the key. In the budget and planning tool there is only one version to select, everyone has the same view of the plan and the latest contributions to the plan is accessible. You can for example track your planned costs and income per department, see how much progress your colleagues have made with their budget processes and detect deviations fast with in-process reporting. Your sales persons also have calculated which customers are the highest priority and which products will be cash cows next year. You open a central report and run through the situation with management regarding next year’s budget. Certain doubts arise but using the analyze function gives you simple answers to questions. Furthermore, ahead of the meeting you have prepared two different scenarios where competition has increased in certain areas.
Is this how you see budgeting and planning in the future? If the answer is yes, Advectas can help you make your vision a reality. Advectas has extensive, in-depth knowledge in the area and we have already come across most challenges and questions that could arise along the way in this type of project.
Over the years Advectas has built and implemented many budget and planning solutions for large companies and organizations. We are partners with the following vendors of budget and planning solutions: IBM, SAP and Infor.
Advectas’ experienced developers have produced a scaled basic tool for people who work in smaller companies and organizations. Advectas Easyplan is a cost-effective and user-friendly alternative to Excel and more complex solutions. Easyplan offers the most important functions you need to streamline and simplify your budgeting and planning process. It is based on standard technology from Microsoft and it comes with Excel and web interfaces.