All budgeting, planning and forecasting data is entered into one centralised, cloud-based tool, creating a single source of truth. Any changes made to numbers in the system are automatically reflected in reports and dashboards, so the current business situation is always clear. Modeling based on multiple what-if scenarios can easily be performed on any dimensions of data. This visibility gives organisations more confidence in current performance and budget projections, greatly improves planning capabilities, and drives accountability on key performance targets across the company.
The bottom line: For organisations to make better decisions, they need their planning, budgeting and forecasting processes to be collaborative and less resource intensive. Integrating plans, budgets and forecasts across individual functions and business units creates close links between strategy and operations, enabling better and faster decisions to be made.