Budgets & Forecasts
messaging
Get everyone on the same page and effectively steer your business
Connected planning | Clearer direction | Up-to-date information
Description
Keep your finger on the pulse and navigate together with the ultimate tool for flexible, connected budgeting and forecasting.
Work with up-to-date financial, operational, and sales data and make manual, static budgeting a thing of the past. No matter how simple or complex your preferred budgeting method, you’ll find this as easy to use as a spreadsheet – just faster and custom-built. With out-of-the-box workflows, every team can collaborate easily, and the driver-based functionality gives sales, purchasing and HR one place for sales forecasting, demand planning and headcount management. Live actuals mean you can compare to planned performance across products, regions and teams, plus action more accurate reforecasts with a clear understanding of your financial health and cash position.
It’s a living financial compass and it’s what you need to steer your business towards success.
Transformation
Before Phocas
Budgets & Forecasts
✘ Multiple, manual versions
✘ Complex, slow spreadsheets
✘ Hard to consult on
✘ Planning is risky
✘ Clear, timely insight is difficult
✘ Disconnected area experts
After Phocas
Budgets & Forecasts
✔ Teams work together centrally
✔ Flexible and purpose-built
✔ In-built workflows
✔ Regular reforecasting
✔ Confidence in financial position
✔ Not just for finance
Customer challenges
Multiple versions of manual budgets
Your budgets are disjointed and merging versions is risky and prone to errors
You have to build models from scratch
Without built-in budget models, it takes ages to implement the different budget styles your team want to use
No simple way to work together
Finance end up being the budget police instead of collaborators who want input from area experts
Budgets are static and out-of-date
When finance can’t easily reforecast, budgets quickly become outdated and lose relevance
Can’t get the data out of your ERP
It’s challenging to compare actual performance to budgets and forecasts
You’re falling behind industry standards
Your team struggle to budget, plan and execute sales forecasts and demand planning without the right technology
Benefits
Budget any way you like
From simple to complex, you can choose from pre-built budget styles and add detail like inventory, sales and headcount
Connect everyone in your business
Use operational, sales and financial data to serve budgets, scenarios and forecasts and link to your financial statements so you’re all on the same page
In-built workflows connect your teams
Make regular reforecasting easier
Live actuals mean you can easily compare to planned performance across products, regions and teams and better understand your financial health
Stay on-top of your cash position
Effective three-way budgeting and forecasting syncs automatically so you always have an accurate understanding of your cash forecast
Not just for finance
Forecast sales volumes, plan for demand and align your supply chain to make sure you have the right stock levels to keep your customers happy