Robust forecasting and budgeting is a core competency of successful businesses and leads to more informed decision making. Your ability to competently forecast and budget enables you to:

• Align your business with emerging business directions
• Identify growth opportunities before they pass you by
• Ensure you understand the cost impact of growth opportunities
• Achieve better utilisation of resources
• Improve profitability

We can help you design, implement and manage budgeting processes. We are able to combine global and local economic research with industry and technology specific data to assess the accuracy and completeness of information on which forecasts are based. We also facilitate workshops to expand the range of planning scenarios considered by management, helping clients better identify and proactively manage risks in their business.

Consider the following:

• Do you understand what drives your business – is there a direct link between forecast activity levels and budgets?
• Do you regularly benchmark performance against best industry practice comparisons and feed your performance improvement initiatives into the budget process? Is your planning horizon greater than 12 months?
• Does your budgeting process effectively communicate the impact of forecasting scenarios throughout the organisation, especially support departments?
• If key resources are in short supply (e.g. materials shipped from overseas), how will you identify potential bottlenecks and how to work around them (including cost implications)?
• Does your budgeting process foster a ‘one team’ culture? Budgeting sets the targets for your performance monitoring system, so does your team buy in to the budget and own the results?

Our team has a pragmatic approach to ensuring you make the right investment decisions. We’re also committed to transferring our knowledge to your team. Our experts have a range of experience and a proven methodology – PROFIT – that is flexible, scalable and can benchmark your processes against similar businesses.