Innov8 Infinite

Budgeting, Planning & Forecasting

Is your current business planning process / solution inefficient?

Is your budgeting data becoming obsolete frequently due to the dynamic changing business environment?

Is it in sync with the strategic goals of the organisation?

Companies generally struggle with their business planning and budgeting process thereby consuming undue energy and resources due to the traditional budgeting style. The traditional budgeting process links budget with detailed-oriented planning, linked to the short term annual plans and more error prone especially with these dynamic business environment. Multi-nationals have already started moving from traditional budgeting to advanced budgeting solution assisted by specialized budgeting solutions which can assist their managers with decentralised approach, aligned to corporate strategic plans and agile enough to cater into business dynamics through advanced forecasting cum predictive techniques for upcoming forecasts or rolling forecasts.

Such budgeting solutions often categorized as Enterprise Performance Management / Corporate Performance Management with market leader being Oracle Hyperion Planning Systems. Coupled with technological advancements and ready-integrations to source systems, these solutions assist an organisation in budgeting on-the-fly and cater to align their entire budgeting as a process oriented shortened cycle rather than existing manual and complete security risk-laden spreadsheet oriented.

As per a research from the 'CFO Magazine' (published by Oracle), it was found that even though the revenue was stabilizing, “budgeting and planning continued to challenge the CFOs and their finance teams”. The planning team is in constant requirement for relevant, up-to-date and accurate data from various information systems to assist them in planning more effectively.

Our specialization is into understanding the client's business planning process and then implement a world-class Oracle EPM solutions that meet the unique needs and requirements of customer. We intend to assist our customers to balance requirements with a wish list and align them to the management plans for an integrated information system rather than just being a point solution.

We have very good exposure in handling projects with high visibility and risks like past failures, user acceptance issues, incorrect utilization of EPM application, projects in progress, consulting partner issues, etc. Infact, we would go a step ahead to state that we excel on such projects. Mr. Kapil Bankeraika (LinkedIn Profile)has considerable hands-on consulting experience on such projects and we are absolutely confident of delivering on such projects. All such brown-field projects require advanced consulting expertise and support to get it through.

Functional aspects to Budgeting solutions include:

Balance Sheet Planning especially Cash Flow forecasting

Income Statement Planning Revenue Planning Operating Expense Planning Workforce Planning

Asset Planning Project Planning Strategic Planning Any other (Custom) Planning requirements based on business / service line

New Age Budgeting, Planning and Forecasting solutions:

Align with strategic goals Link non-financial measures Driver based budgeting Rolling and Revised Budgets at great speed and accuracy Process Oriented rather than manual spreadsheet oriented Integrated Management Information System enabling use of assisting technological advancements like Balance Scorecard, Profitability & Cost Management, Financial Close & Governance Management Ability to integrate with source systems Reduce Budgeting Cycle by adapting industry best practices for improvements in process Ability to answer complex business requirements and support complex logic

To know more about our Budgeting, Planning & Forecasting service offering, including but not limited to implementations, migrations, Oracle Planning Cloud Service, health checks, re-implementations, etc. feel free to contact us