Planning and Budgeting

Budgeting is a process of planning, performance accounting and controlling of financial, economic and industrial budget targets.

Partial automation, absence of company’s single budgeting system for all users;
Formalized budgeting model is missing;
Lack of user-friendly tools for input forms and online coordination;
Low productivity;
No authority system for data access control;
Lack of unified guides and classifiers;
No integration with company’s accounting systems for budget execution monitoring.

Sergey Ternovoy

Head of Budgeting practice

Work of all budgeting process participants with a single solution for planning, consolidation and forming management reporting package on budget execution;
Budgetary model automation: top-down and bottom-up planning, implementing of algorithms for key indicators , distributions, scenario conditions, sequestering etc. calculations.
Business-process automation of budget input, agreement and confirmation according to budgeting rules of procedure;
Integration with accounting systems;
Automation of all budget and report forms for Budgeting process;
Multiversion and multicurrency planning ;
Users’ roles and authorities management, data audit;
Data blocking of confirmed budgets.