In todays fast paced environment, its important to have a budget and forecasting tool that can be adjusted on the fly and with Confidence.
Spreadsheets provide a significant amount of limitations, as a growing & evolving company your budgeting, forecasting and planning become your foundation for success.
Leverage partnered with Budget Maestro from Centage for exactly that reason. Our consultants are able to utilize this tool.
Driver-based, collaborative budgets and plans have never been easier to build and manipulate. Intuitive ‘self-serve’ reports and dashboards show you how well your business is performing today, while automated forecasts help you accurately predict future financial health.
Utilizing Budget Maestro, we offer companies of all sizes a more efficient and reliable way to budget and plan. The software automates many of the time consuming and error-prone tasks associated with using spreadsheets and generates more accurate, driver-based business budgets and financial forecasts. Intuitive built-in modeling capabilities handle everything from workforce planning to expense detail, revenue recognition, and capital assets.
An attractive solution for replacing the spreadsheet in the budgeting process is packaged application software designed specifically to support the budget process. Among the benefits that can be expected from budgeting using such an application are:
Greater Accuracy - Generally, a packaged application will build formulas for your models based upon your assumptions and workflow, utilizing built-in financial intelligence and business rules to ensure complete accuracy
Centralized Database - Applications typically use a centralized database, eliminating data disparities that evolve when you try to link worksheets together. Any changes to estimates or assumptions are automatically updated in real time so everyone is working with a single version of truth.
Easy-to-Use Interface - As with your accounting and ERP applications, the user is not exposed to spreadsheet formulas and there is reduced danger of formula errors. APplications are built from the business perspective to maintain consistency with business entity names rather than database conventions.
Simple Integration - Many packaged applications have automated processes to import data from commonly used accounting applications, with the ability to support a rolled-up budget and forecast from multiple systems. This expedites data transfer and minimizes errors. The applications should not work naturally with your chart of accounts with all accounts aligning with those in your current general ledger to facilitate variance reporting at a summary level down to the detail level.
Reduced Programming - A budgeting packaged application should do away with the need for spreadsheet-type formulas, yielding more robust results by eliminating formula errors in rolling up from bottom level to top. As a resi;t your budget and forecasting model becomes an accurate reflection of your business.
Drill-through Capabilities - In a preadsheet, this requires changing key variables, then saving the outcome as a separate file or worksheet. Budgeting with a packaged application, users typically can change variables to see their immediate effect on outcomes. A series of models can be replicated, enabling additional analysis and comparisons.
Built-in Finance Logic - Packaged applications can generate profit/loss, balance sheet, and cash flow statements. Spreadsheets musht be manually developed to match these reporting capabilities Packaged applications usually include some pre-formatted reports and the ability to customize a wide range of reports.
Collaboration - The solution should supportinvolvement and collaboration by more end users and contributors to the budget process.
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Leverage consultants can provide clients with the following solutions:
If you are interested in utilizing Budget Maestro in your business, please get in touch with us to discuss where we can be of assistance and for a quote on the software and our potential involvement.
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