Financial Planning: For Tomorrow, Today
The economic turmoil in recent months, has shown how quickly and dramatically budget assumptions and forecasts can be rendered obsolete.
"As a result of introducing our integrated group wide annual budgeting process we have saved time, improved accuracy, ensured consistency and established greater control and collaboration across the business. Simpson Associates helped us to design, develop and implement the new planning application on time and budget."
Stuart Hellyar, Group Financial Controller, Chemring PLC
Financial Planning
In this environment, the ability to forecast results is the number one internal concern of Chief Financial Officers.
To deal with this volatility, a Finance Department needs better access to operational information, and a planning and forecasting approach capable of driving better decision making.
How We Can Help
Simpson Associates are experts in the delivery of Financial Planning solutions.
We have helped our customers to take a different view of planning, where future scenarios are constantly updated and are driver-based, enabling joined-up thinking throughout an organisation.
The result:
- The business agility to model changes and different scenarios, responding rapidly to external and internal factors.
- A joined-up and automated planning process, reducing data collection and validation effort and increasing forecast accuracy.
- A shorter annual budget cycle, providing more insight into the process.
- A move to quarterly and monthly forecasts, because of the ease of review and the flexibility of the solution.
- More accurate data, reducing the need for manual checks performed by highly skilled personnel.
- The ability to report on the performance of the business from the highest level of the organisation, and drill down to lower levels of detail.
To find out more about how we can help your business achieve some of these benefits Contact Us.
Whitepapers
Bridging Operational and Financial Forecasting
This article examines the need for an analytic and planning environment based on definitions and metrics that are common to operations and finance. An environment like this can:...
End-to-End Planning
In this CIMA article, John Simpson of Simpson Associates discusses end-to-end planning, whereby up-to-date models of the future are created using real-time data, improving strategic decision...
The New Value Integrator
This Global Chief Financial Officer (CFO) study is based on input from 445 midmarket CFOs and senior Finance leaders worldwide and highlights the fact that today's Midmarket CFOs are...
