Planning, Budgeting and Forecasting

Planning outlines your company's financial direction and expectations for the next three to five years.
Budgeting documents how the overall plan will be executed month to month, specifying expenditures.
Forecasting uses accumulated historical data to predict financial outcomes for future months or years.

Planning, Budgeting and Forecasting should serve to support the enterprise in understanding how its on-going activities contribute to delivering its future longer term strategy. A fully integrated Enterprise Performance Management framework is essential to provide corporate visibility of the activities that directly deliver growth, and provide a clear framework for determining how to continuously allocate resources to support the strategy.

At Strafford, we focus on improving our client’s planning, budgeting and forecasting strategy by looking at what they are doing now and what their current challenges are, then we work together to create a new solution.

Areas we focus on include Capital Expenditure, Headcount Planning, Project Financial Planning, Revenue Planning, Strategic Long Term Planning, Driver Based Planning, Allocations, Profitability, and Modeling.

Commons Issues we help our clients overcome...

Flexibility

  • Accommodate reorganizations, divestitures, mergers/acquisitions
  • Modeling changes
  • Significant time spent re-stating the numbers

Accuracy and Version Control

  • Forecasts and Budgets are inaccurate
  • Spreadsheet models and in different hands
  • Whose number is correct?
  • No confidence in the numbers

Transparency and Access to Information

  • Lack of accountability
  • Information at the right time, to drive decisions

Accountability

  • Last minute changes
  • These aren’t my numbers

Frequency and Timeliness

  • Information out of date and irrelevant
  • Quickly respond to changes in business conditions
  • Takes too long to iterate a version

Cost and Effort

  • Budget process takes too long, driving cost of process
  • Free up time to support strategic decisions
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Oracle Hyperion Planning 11.1.2.4 is an agile planning solution that supports enterprise wide planning, budgeting, and forecasting using desktop, mobile and Microsoft Office interfaces. It provides a robust modeling framework that helps develop reliable financial forecasts based on sales and oerational assumptions to produce cost effective enterprise alignment. With Hyperion Planning, you have a solution that is best in class and proven in the market place to provide timely, actionable plans to help make informed business decisions.

Strafford Technology can deploy Hyperion Planning on premise or in the Cloud.

 

SAP Business Planning and Consolidation (BPC) is an industry leading unified planning and consolidation solution that allows the office of the CFO to perform both activities in one solution and platform.

Strafford Technology can deploy SAP BPC on premise or in the Cloud.