Budgeting and Forecasting Like You've Never Known

We Partner with the Best Budgeting and Planning Solution Providers

Random House

Industry: Retail
Solution: Hyperion Planning

Random House needed much more than an upgrade, they needed an overhaul, and they chose Strafford to perform a from the ground up implementation of Hyperion Planning. Now their nationwide team can budget and forecast with confidence.

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Strafford focuses on improving our client’s finance ecosystem by looking at what they are doing today, what their current challenges are, and then we work together to give them the planning, budgeting and forecasting software solutions that will improve performance, increase end-user adoption and grow as they grow.

The budgeting and forecasting challenges we help our clients overcome include:

Flexibility

• Accommodating reorganizations, divestitures, mergers and acquisitions
• Standardizing Chart of Accounts
• Data modeling changes
• Reducing the time spent re-stating the numbers
• Reliance on IT to maintain and support finance system(s)

Accuracy and Version Control

• Inaccurate budgets and forecasts
• Having to ask, "who's numbers are correct?"
• Spreadsheets models that are managed by different people
• Little confidence in the numbers... and the bottom line

Accountability

• Lack of accountability
• Lack of transparency across the finance team and the business
• Access to information all the time, from anywhere
• Last minute changes
• Having to say, "these aren't my numbers."

Frequency and Timeliness

• Information that is out of date and not relevant
• Ability to quickly respond to changes in business conditions
• Takes too long to iterate a version
• Long budgeting and forecasting cycles

Cost and Effort

• Budget process takes too long, driving cost of process
• Freeing up time to support strategic decisions
• Freeing up time to analyze results and not deal with finance systems
• Costly support and maintenance contracts

We believe that a planning, budgeting and forecasting solutions should serve to support your requirements and your team. We believe fully integrated EPM solutions are essential to providing corporate visibility of the activities that directly deliver growth. We believe you demand a clear framework for determining how to continuously improve and allocate resources to support the enterprise strategy.