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Strategic planning and budgeting

One of the main goals when managing a company is the ability to forecast its future and to plan its activities and their results accordingly. Errors in forecast and plans may be very detrimental to your business. In spite of this, planning is often done in disparate spreadsheets, which decreases effectiveness of the planning process and accuracy of the forecast. Due to longer planning cycles, inaccurate forecasts, incomparability of actual and planned data, company management makes bad decisions which lead to a deterioration in performance.

Planning and budgeting solutions allow you to pass from multiple and different spreadsheets to an integrated system enabling you to operate all divisions of your organization with ease and effectiveness. As a result, financial and operational plans may be aligned, budgets and reports become more reasonable, and the cycle of their preparation shortens.

Planning

Purpose: creation and analysis of performance of the company’s financial plans.

Tasks addressed:

  • Better accuracy of the plans and forecasts
  • More detail and elaboration of budgets
  • Quicker budget preparation
  • Integration of operational and financial planning, consideration of the industry specific issues in the budget model
  • Utilization of knowledge of a large number of employees during forecasting and budgeting
  • Formation of the budget performance forecast, plan-actual and scenario analysis, etc.

Main features:

  • Multidimensional analysis
    The system offers users broad modeling and analysis options. With this solution, a company can use different planning and forecasting methods, analyze various scenarios of development and prepare analytical reports with the required breakdowns. With enhanced formatting functionalities including color coding and various data sorting methods, the user can perform analysis with ease.
  • Powerful computing capabilities
    Use of the best analytical platform (Hyperion Essbase) in its class as the basis enables computation models that take into account the specific nature of almost any company.
  • Budgeting process management tools
    The system provides an environment for managing the budgeting process to control performance of the tasks during the whole budgeting cycle. Customizable task lists simplify users’ work with the system. Additionally, automatically generated reports show the current performance status for each budget. The system stores all the history of budget approval.
  • Communication environment
    By having the capability to enter instructions and comments, as well as send notifications both automatically generated by the system or customized by the user, the reporting process becomes more comprehensive.
  • Simple multiuser interface
    The system’s interface is intuitively comprehensible for any employee. A simple interface and multiuser operating mode in a single informational environment ensures staff engagement in functional and operational subdivisions in the budgeting process.
  • Centralized application architecture
    All information is stored in a centralized database which is accessible from any place in the world due to the use of the “thin client” technology. All users can see information in real time after it has been input in the system. Moreover, the system provides an opportunity to work offline with subsequent simple synchronization of modified data.
  • Data security
    Secure data access is ensured by the distribution of user privileges according to user roles and by configuration of rights of access to different analytical dimensions (directories) or particular reports, folders and other objects.
  • Integration with multiple data sources
    The system supports data import from nearly any informational resource. If necessary, the reports and data entry forms can be opened with Excel, and the data entered in this way can be imported into the system.

Workforce Planning

Purpose: special optional solution for the planning of personnel / capital investment costs.

Tasks addressed:

  • Quicker and less costly implementation of a budgeting system
  • Increased accuracy of plans and forecasts
  • Reduced planning cycle
  • Less time (labor) intensive process of personnel cost budgeting

Main features:

  • Built-in functionality
    The system already comprises the necessary functionality to realize the best planning practices. It considerably reduces the time and cost of implementing the solution. In particular, the following additional functionality is envisaged: planning of headcount, transfer of personnel among subdivisions, payroll fund calculation, etc.
  • Additional customization options
    Despite availability of the built-in functionality, in order to take into account the specific nature of your company, you can easily add your own functionality to the existing model.
  • Better planning accuracy
    A simple and intuitively comprehensive interface ensures the engagement in the planning process of the operational staff, who are directly responsible for personnel management, thus eventually making the plans more precise.
  • Links between budgets
    The input data becomes automatically available to the corporate budgeting system and can be accounted for in the income statement.
  • Reduction of the planning cycle
    The specialized solution reduces the time to prepare special budgets by as much as 50 percent

Capital Expense Planning

Purpose: special optional solution for capital investment cost planning.

Tasks addressed:

  • Quicker and more cost efficient budgeting system implementation
  • Better accuracy of plans and forecasts
  • Reduced planning cycle
  • Less time (labor) consuming process of capital investment cost budgeting

Main features:

  • Built-in functionality
    The system already comprises the necessary functionality to realize the best planning practices, considerably reducing the time and cost of the implementation of a solution.
  • Additional customization options
    Despite availability of the built-in functionality you can easily add to the existing model your own functionality to take into account the specific needs of your company.
  • Better planning accuracy
    A simple and intuitively comprehensible interface ensures the engagement of the operational staff, who are directly responsible for personnel management, in the planning process, thus eventually making the plans more precise.
  • Links between budgets
    The entered data becomes automatically available to the corporate budgeting system and can be accounted for in the income statement.
  • Reduction of the planning cycle
    The specialized solution reduces the time to prepare special budgets by as much as 50 percent.

Strategic Finance

Purpose: generation of long-term financial plans and analysis of the impact of strategic initiatives and external environment changes on the company’s long-term financial results.

Tasks addressed:

  • Analysis of the long-term development scenarios and development of an optimum financial strategy
  • Coordination of strategic and tactical financial plans
  • Analysis of the M&A transactions
  • Capital structure optimization

Main features/advantages:

  • Recognized financial models
    The system includes the recognized financial models (EVA, Free CF, Shareholder Value Added, etc.) used to calculate the key parameters of your company’s performance, optimize the structure of the capital, assess the influence of the M&A transactions, etc.
  • Integrated data model
    The system ensures integrity of the financial models and initial data. This erases the necessity for running over dozens of separate spreadsheets looking for errors. Instead, you are able to designate your time towards analysis and elaboration of alternative development strategies.
  • Analytic options
    The system comprises “what-if” analysis tools and a large variety of scenarios. This helps find the optimum development strategies.
  • Built-in functionality
    Major financial models and interfaces are already existent in the system, considerably reducing the time and cost of implementation of a solution.
  • Link between strategic and operational budgets
    The system enables a combination of strategic and operational budgets within the same informational space. The decisions made at the strategic level may be transmitted immediately to a lower level and accounted for in the budgets.
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