CorVu Budgeting & Planning
"People working on a budgeting process that is clearly guided and focused by strategic initiatives spend less time arguing about irrelevant details and more time focusing on stuff that matters."
- Benchmarking firm APQC
CorPlanning enables forward-thinking organisations to manage their budgeting, forecasting and planning processes in an efficient, holistic and focused manner.
Resource management is a critical process to ensuring that your organisation has enough reserve at its disposal to successfully execute strategies. While all companies have some sort of budgeting and forecasting, they are all not typically tied into the strategic planning process.
CorPlanning eliminates these issues by enabling organisations to link budgeting, planning and forecasting with the management of strategic objectives and initiatives.
CorPlanning can be quickly deployed and easily configured to an organisation's specific needs, and enables you to discuss resource plans, readily create standard financial reports, and make decisions within a strategic context.
Key benefits
Link planning to strategy
Translate strategy into operational targets and initiatives
Improve your ability to act and react
Quickly react to market, competitive, and organisational changes
Accelerate your budgeting and planning cycle
Maximise participation, collaboration, and ownership in a centralised process.
Reduce your operational costs
Decrease all costs associated with managing the planning, budgeting and forecasting processes
Improve your operational efficiency
Reverse the typical 80/20 input/analysis ratio for the budgeting and planning process
Drive profitable growth through 'What-if' Analysis capabilities
Analyse the business impact of hypothetical scenarios in real time
Key Features
Strategic resource planning
Centralised management of the financial planning cycle
Secure budgeting and planning in a fully audited environment
Capture knowledge for developing resource plans and making informed decisions
Every object is owned / maintained by a specific individual
Simplified data entry
Distributed data entry over the web
Customisable explanations and help for users
Actual values from previous years available for comparison
Exchange data using spreadsheets
Link to supply documents, hyperlinks and personal notes
Multiple Budgeting methods
CorPlanning supports all commonly used planning methods, including:
Rolling forecasts
Zero-base budgeting
Outcome budgeting
Activity based management
Beyond budgeting
Top-down and bottom-up
"What if" scenario modelling
Multi-currency consolidation
Financial and non-financial resources
Approvals and reviews are customised to an organisation's own workflows
Wide Ranging Financial reporting
Consolidated financial reports
Statutory reports
Management reports
Variance reports and exception analysis
Reporting of key financial ratios
Interactive financial reports; where financial outcomes can be linked to non-financial performance information
Integration with operational systems
Automated Data Xchange (ADX) technology linked to CorPlanning provides rapid access to data from any source, including ERP systems, databases, and flat files.
Dynamic update of organisation and account structures
Automatic synchronisation of planning data with other information systems
Linkage to Infor10 Financials Business (SunSystems) and SAP Business One as standard.
Extensive Library of Planning templates
Sales
Cost of Goods Sold
Eliminations
EVMS (ANSI-748)
R&D
Capital Planning
Payroll
Budget
What sets CorPlanning 5 apart?
Comprehensive capabilities
Real-time planning allows changes to drive instantaneous recalculation, re-forecasting and scorecard updates
"Driver-driven forecasting" enables business drivers to improve forecast time lines, accuracy and flexibility
Powerful planning functions, including breakback, consolidation, inter-company eliminations and multi-currency
Mature, granular security system supports LDAP
Powerful Automated Data Xchange (ADX) technology to populate worksheets from corporate information systems
Flexibility
Easy to change/add dimensions, models and organisation structures
Versioning provides capability to create multiple versions for all budget years
Low total cost of ownership
Purpose-built application to minimise implementation, training, modification and maintenance costs
Out-of-the-box reports and templates
Scalability
Single, open database repository
J2EE web architecture allows large-scale implementation with hundreds of data sources, thousands of accounts and tens of thousands of users
Easy to use
User friendly interface
Automated calculations
Initiative data entry
For more information, please contact us.
