Corporate Performance Management

Toolset - Budgeting and Forecasting

Companies that implement CPM towards budgeting and forecasting can achieve a competitive advantage over companies that use traditional tools such as Excel or Lotus. A CPM-based tool will provide you with:

A Central Data Repository: Many basic budgeting and forecasting tools are file based and do not provide a central data repository that can be acceded across and organization. This leads to issues such as data inconsistencies and data inaccuracy.

Audit History: Spreadsheet tools such as Excel do not have fully functional auditing capabilities. This means that you may be at risk of being non-compliant to SEC or other industry standards while using these tools. The CPM toolset provides audit tracking as well as an audit history that is stored on a database.

Security: Traditional budgeting and forecasting tools are not able to provide adequate security to prevent unauthorized access. CPM tools such as Cognos have robust security which can seamlessly integrate with your network security.

Multi Dimensional Capability: Most users have grown accustomed to the 2 dimensional view offered by Excel. CPM tools make you think from a multi dimensional perspective this making data analysis easier and quicker.

Version Control: Version control is central to forecasting as many versions of forecasts are created for each scenario. However version control is not a significant feature in most traditional budgeting and forecasting software. By using the CPM toolset you will be able to create and maintain versions over several years.

Tailored for Budgeting and Forecasting: CPM tools provide advanced functions such as automated rolling forecasts, inventory processing, lag/lead calculations, etc. This allows a business to tailor its forecasts to its exact need with minimal effort.

Our aim is to reduce your budgeting and/or forecasting cycles by designing a business process that fits your organization.