Budgeting FP & A

Processes can be defined from data collection, through all process flows to ranked reporting @anywhere with full or partial automation and can be tested with simulations. This means that time can be spent on managing and reversing that anecdotal “80% of finance and operational time on process not management” across multiple industries. It also means that you can process actuals and budgets using the same processes, thereby saving you time through automation that otherwise might typically require a spreadsheet; for example achieving any required segmental analysis.

One key attribute of the system is that individual processes can be deployed at a very user defined granular level together with any required controls and segregation of duty. Processes are repeatable and auditable enabling you to quickly perform any new iterations, identify underlying changes in submitted numbers or even change the process itself.

The Business Simulation function allows you to explore differing algorithmic scenarios with rankings to show optimal combinations. Last year’s data might also be used to ascertain how this year’s processes will work in practice, especially if you are generating actionable contextual alerts or basing headcounts on regular KPI reviews. Processes can always be continually iterated, with users having the capability to understand their exact detailed functionality flows, which is achieved by seeing the processes operate step by step to achieve collaborative improvement.

Continual monitoring capability throughout the year, can start contextual actionable workflows or produce reports containing contextual information that can be ranked to explain variances for any operating entity or division at any stage in any process. This ability allows for quick corrective action and a decision support capability that can fine-tune your business model, all contributing to an exceptionally agile organization with an improving bottom line. As an alternative and progressive step that is subject to relevant security limitations, copies of data from any overseas subsidiary can be accessed locally by using ultra-fast file replication for more detailed forensic and accounting reviews.