Planning, budgeting and forecasting is typically a three-step process for determining and mapping out an organization’s short- and long-term financial goals:

With proper Budgeting and Planning solution can helps to overcome the below challenges:

• Disconnected processes and data sources.
• No controls or audit.
• Manual and slow.
• Duplicative and error prone
• Lack of timely and reliable data
• Lack of understanding of root causes or drivers of success.
• Lack of understanding of scenario outcomes
• Slow response to change
• Resources not optimized
• Objectives not understood and/or shared
• Poor execution and monitoring

Benefits of right solution:

• Cut your budgeting cycle time by at least 50%
• Rolling forecasts and higher frequency planning for accurate results
• Automatically consolidate budget figures across multiple contributors in real time
• Manage collaboration with workflow
• Budget and plan either top down or bottom up
• Multiple allocation at specific dimension such as product/channel etc.
• Scenario based & Driver-based planning.