SunPlanning
Budgeting, Planning and Forecasting Solution
There are many organisations that are still using spreadsheets as a platform for budgeting, planning and forecasting. However; there are inherent weaknesses and flaws when it comes to using spreadsheets - below are just some:
Spreadsheets don't manage the budgeting process and makes it impossible to keep track of who has got what and what they have done?
There is no workflow or authorisation process, anyone can enter anything or do anything plus they are open to changes, tampering and abuse
Consolidation is normally a nightmare and can take days or weeks
It is almost impossible to have multiple models running in parallel
Everyone has at least one copy of the original budget sheet; version control is a real issue
It is easy to make logic and transposition errors
They don't allow you to budget in multiple ways, i.e. top down, bottom up or outcome based
Changes are not instantaneous as they are offline AND they cannot really be used effectively to do proper predictive planning and modelling
Add to the above the additional challenges businesses faced, such as regulation, compliance, auditability, transparency and the need to be able to model rapid change in today's economic client then the spreadsheet model simply will not cope.
SunPlanning is a SunSystems purpose-built budgeting and planning solution that can greatly simplify the budgeting process. Workflows can be automated, can be controlled and the entire budgeting process can be monitored and managed.
SunPlanning is a easy to use, quick to implement and simple to manage budgeting, planning and forecasting solution, providing businesses with a low cost of ownership.
Benefits of Implementing SunPlanning
Create plans and forecasts to suit the business
Build plans in days not months - use existing excel data and financial actuals to get started quickly
Enable 'driver driven' forecasting - use business drivers to improve forecast accuracy and flexibility
Easy to change and add dimensions, models, revisions and organisations structures
Work together to build plans
User friendly web based interface requires minimal training for budget holders
Provide access to role specific templates at the right level of the organisation structure
Maximise participation, collaboration and ownership in a centralised process and database
Use financial data to support forecasts
Build effective plans using SunSystems data - Pre-defined links to SunSystems 4 & 5
Import financial actuals to create accurate rolling forecasts - direct for your A Ledger
Export agreed back into your financials - back into any of the Budget Ledgers
Streamline workflow management
Communicate the plans instructions, deadlines and policies in a centralised portal
Quickly review and monitor the workflow status - uncommitted, committed, approved
Display and report the progress to avoid delays and highlight issues
Spend more time on the analysis
Eliminate unproductive activities like tracking down numbers, fixing broken lines and debugging macros
Reduce the time and effort needed to compile the budget and forecasts
Create unified view with key metrics and information to support the business decisions
For more information, please don't hesitate to contact us.
