Planning, budgeting and forecasting is an important area when the company needs to implement strategic plans and plan for future activities. But planning, budgeting and forecasting are often resource-intensive processes with interdependencies where the latest updates are not reflected.
Whether the solution should support an annual budget, a rolling forecast, or simply input for future plans generally, there are a number of benefits that a modern solution can provide when it comes to data quality, overview, coherence across departments and simulation capabilities.
Kapacity’s approach to budgeting solutions ensures that we cover the entire budgeting process.
We start by mapping the most essential elements of the budget model at an analysis workshop.
We recommend starting with the chart of accounts because this is usually the key to the solution and binds together the various budget areas of operations, balance, and cash flow. Then we can expand the solution to solve specific areas such as salary, IT and final investment & depreciation, so that balance and the future cash flow can be estimated.