Planning, Budgeting & Forecasting

Planning has changed. Enterprise Performance Management (EPM) is not just a 'fancy' new term. It represents a continuous process of improvement - forward looking, scenario planning and the complete integration of operational, strategic and financial solutions. Contemporary solutions ensure a dynamic driver-based modelling and planning process, up-to-date information, and alerts that show variances between plans and actuals. By replacing your outdated spreadsheet systems your organisation will move to a centralised budgeting and forecasting solution that drives collaborative, integrated, event-based planning processes throughout the enterprise.

What should a complete planning, budgeting & forecasting solution give you?

• Complete Web functionality - including reporting and analysis, process management and data entry - that ensures an easy and low-cost distribution to a wide audience. A thin-client architecture and centralised data that significantly reduce time spent on application maintenance and distribution, which results in a lower total cost of system ownership.
• Collaborative planning capability that involves all front-line decision makers and consistently communicates changes in direction for all aspects of planning, including top-down target setting, allocations, re-forecasting and tactical bottom-up planning.
• A spreadsheet add-in, which allows users to work in a familiar tool, for reporting and analysis as well as data entry.
• Powerful process and workflow management - including e-mail notification and alerts - that empowers users to track the progress of their budget, create and validate plans and respond quickly to changes.
• Integrated planning processes that enable companies to create multidimensional plans that feed into an organisation-wide operational plan. Target-setting scenarios are set with cascading targets and objectives that contain annotations, allowing managers to set top-down performance targets that close the gap with operational plans.
• Flexible business rules functionality that enables employees to have a heightened understanding of the story behind the numbers and buy-in to corporately maintained rules and assumptions. End users themselves write, update and maintain their own specific business rules and complex calculations without IT assistance.

Taysols has assisted many organisations across a broad range of industries develop and deploy EPM practices and enabling technologies, this especially includes planning, budgeting & forecasting solutions.

Contact us to find out more.