Planning and Budgeting

The planning environment has changed considerably for most organisations in today’s global environment, where reliance on spreadsheets is inadequate and burdened with risk.

A planning and budgeting solution must drive streamlined, complete and closed-loop planning and forecasting processes which drive continuous business improvement. Decision makers and managers must be able to communicate and collaborate with budget holders to optimise the planning process.

Planners must have the flexibility to adapt rapidly, ensuring plans are relevant and useful; reducing cycle times for budgeting and forecasting and freeing up resources.

While spreadsheets are easy to use and are the preferred tool of finance professionals, they are not well suited for enterprise-wide processes like accurate planning and forecasting.

Improving processes and systems for financial planning can help organisations to capitalise on opportunities, while minimising their accompanying risks.