Budgeting and Forecasting
Scope and Capability
Manage all aspects of your organisation's planning, budgeting, and forecasting requirements. Seamlessly integrated with SunSystems Cloud, the solution includes a suite of customisable dashboards and reports built with advanced business intelligence features.
Key components of the solution:
Budget Management
Forecasting & Scenario Planning
Reporting and Analysis
Key Features
- Full management and overview of the entire budgeting process
- Easily generate and distribute baseline budgets with adjustments, based on the prior year, current year actual values or any other methodology
- Monitor and review budgets before authorising and viewing the consolidated results
- Update with any frequency and maintain multiple currencies and versions
- Apply advanced reporting and dashboarding capabilities. View updates immediately and filter, drill down, and pivot the results to zoom in on areas of interest or pinpoint issues.
- Hold multiple budgets and forecasts and add user-defined parameters for what-if scenarios
- Support for specific-purpose budgets and multi-year or capital budgets
- Version control for tracking forecast accuracy
- Customisable reporting using built-in business intelligence
- Automated alerts for exceeded budgets, metrics, and KPIs
- Powerful BI features for sophisticated data modelling
- Sensitivity analysis to assess forecast changes
- Highly configurable workflow process management
Budget Management
Manage, streamline, and optimise all aspects of the budgeting process.
Issue budgets for review, amendment, and approval, quickly and easily. Keep track of progress, maintain an overview of the current position, and easily identify which budgets are still outstanding.
Budgets can be updated on a quarterly, monthly or any periodic basis and multiple versions can be recorded and reported against. And whatever the budget method, this solution can handle it all.
Forecasting and Scenario Planning
Forecasting and Scenario Planning allows you to produce forecasts based on a mixture of actuals and budgets, prior year trends, different scenarios and dynamically changeable variables for what-if scenarios.
Multiple budgets or forecasts can be held and reported against, and budgets can be stored in multiple currencies and revalued as exchange rate trends become apparent.
Reporting and Analysis
Using next-gen Business Intelligence, the solution delivers an easy-to-understand, customisable view of budgets authorised by budget holders.
Powerful dashboards provide interactive filtering, drill-down capabilities, and pivoting options. With this, you can look at the data in various ways and easily see anomalies and identify where revisions may be required.
The solution is seamlessly integrated into SunSystems Cloud, ensuring that key data is consolidated in a single system. This simplifies reporting and guarantees data integrity.
