Key Issues with the Budget Process |
Issue 1 - The budget takes too long |
Quote "Companies that use basic budgeting technology can take up to six months to complete a budget. By that time, the market may have changed, you may have introduced new products, and you may have new competition in certain areas." |
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Solution: BudgetLogic is easily implemented in your company in days rather than months. Decide on your business model, create budgets and forecasts and produce relevant reports all in a single unified application that is fast, flexible and accurate. |
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Issue 2 - There isn't enough time to analyse data |
Quote "Aligning the spreadsheets was a nightmare. A simple change like someone adding an account threw the whole template out of whack. But the real drawback was my inability to do an analysis of data to make better decisions." |
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Solution: BudgetLogic frees up your valuable time and allows you to look at the impact of your decisions. Spend less time building and managing the model and more time looking at the meaning behind the numbers. Easily performs “what-if” analysis to evaluate different courses of action. |
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Issue 3 - There isn't enough visibility |
Quote "As a senior manager, you need to have better visibility of your business. As long as the data’s in Excel, you don’t have the visibility you need." |
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Solution: BudgetLogic continuously tracks and updates the "big picture" – your budgeted Balance Sheet, Profit & Loss, Cash flow and Performance Reports. You can see immediately the impact of your decisions on the bottom line. |
