Most mid-tier ERP solutions would provide you with the facility to enter multiple set of budgets against your financial accounts. It is a simple but powerful tool that allows you to make quantitative projection of your expenditures, revenues and financial position. Comparing your current financial progress with the budget gives a timely indication on your potential issues and opportunities. Our financial analytics tools (as discussed in my previous post) offer a more advanced and sophisticated way of handling your budgets and forecasts and works directly with the budget features in Sage 300.
AWESOME, SO WHAT'S THE CATCH?
Growing businesses often do not have enough time or resources to plan their budget with careful consideration. This is because some existing budgeting process can be complex and time consuming. This usually leads to insensible or sub-optimal budget which diminishes its usefulness as a planning and monitoring tool.
WELL.. THEN WHAT?
WMSSoft has implemented a practical budgeting and forecasting process that suits your business within days. Firstly, we review the budgeting process of our customers and incorporate variables that need to be factored in. Our customers will then be provided with a customisable and insightful budgeting template that suits their needs.
In general, the budgeting template should assist you to do the following:
Now that we have a well-designed budget at our disposal, we make sure that you get the most out of it. Our services also include designing the appropriate visual dashboards and interactive reports using Microsoft Power BI or display figures in Excel using Sage Intelligence with the ability to drill-down into each of the figures.
Contact us at firstname.lastname@example.org to find out how you can forecast your revenues and expenses using our financial analytics.