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Budgeting, Planning & Forecasting

Integrated financial and operational planning

The average medium to large sized organisation takes four months per annum to manage the budget cycle.

If this is extrapolated across the organisation this represents a huge cost in management time and resources. Traditional Budgeting and Planning solutions rely heavily on a bottom-up approach driven by the submissions of reporting sites and based on broad brush edicts from head office.

With the advent of modern Budgeting and Planning software tools, a far greater degree of integration is possible between the strategic and operational planning cycles engendering a much more collaborative approach across the business and significantly reducing the time taken to manage planning processes.

Most Planning Managers spend a disproportionate amount of time dealing with errors resultant from spreadsheet inaccuracies, they experience submission delays due to a lack of version control and auditability, and often completely miss the opportunity to re-forecast actuals against plans, as by this stage they have often 'lost the will to live'.

The budgeting, planning and forecasting software products advocated by Concentric Solutions all address the key mantra of integrated financial and operational planning. They encourage collaborative approaches across the business, reduce inaccuracies, streamline the submission cycle, improve version control and provide for approval procedures, all of which results in measurable plans being produced in shorter timeframes, and the ability to manage rolling forecasts that ensure business decisions are made based on current and auditable data.

Benefits:

  • Optimised close process - Users can analyse closing cycle processes to drive out inefficiencies and delays, resulting in significant reductions in close time
  • Increased collaboration - Advanced workflow features notify users of tasks and enable system wide communication
  • Enhanced user productivity - Full integration with Microsoft Office means that users are familiar with the technology and can easily manage tasks in their chosen calendar
  • Improved transparency and compliance - Assigned tasks and extensive task reporting help reduce the cost of compliance

Discuss your requirements and explore how Concentric Solutions are meeting the Budgeting, Planning and Forecasting needs of mid-sized organisations. Contact us today, call 0203 411 0140

What next?
  • To request a FREE onsite consultation - contact us today
  • To understand how you can optimise the efficiency and maximise the value of your group wide reporting solutions see details of our Financial Closing Cycle Review
  • For assistance in evaluating and selecting Enterprise Performance Management solutions see our Software Selection Service.
  • Requirements Analysis & Solution Discovery
    • Office of Finance process reviews
    • Functional requirements definition
    • Finance application software selection
    Proactive End User and Administrator Support
    • Finance application technical support
    • Finance application functional support
    • Cloud, hosted or on-premise application management
    Fast Close with Report to Source Auditability
    • Management Consolidation & Reporting 
    • Statutory Consolidation & Reporting
    • Automated translations, eliminations and adjustments
    Align Operations with Corporate Plans
    • Collaborative budgeting across finance and operations
    • Sales, workforce, apex and projects based planning
    • Rolling forecasts and what-if scenario models
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