WMSSOFT
  • Home
  • Sage Financials
    • Sage Financials
  • Sage 300
    • Sage 300
    • Sage CRM
    • Service Management
    • Production Scheduling
  • Sage Enterprise
    • Sage Enterprise Management
  • Business Intelligence
    • Sage Enterprise Intelligence
    • Power BI
  • Blog
  • About
  • Contact Us

WMSSOFT BLOG

FINANCIAL ANALYTICS - BUDGETING & FORECASTING

27/3/2017

 
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:
  1. Make use of past data or budget as the base of the new budget.
  2. Enter forecast growth rate by account or in a group.
  3. Analyse the resulting financial performance based on forecasted inputs.
  4. Easily accomodate the process of importing new budgets back to your ERP.
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 sales@wmssoft.com.au to find out how you can forecast your revenues and expenses using our financial analytics.

Comments are closed.

    CONTACT US

    03 9561 1449

    Archives

    January 2019
    December 2018
    November 2018
    September 2018
    August 2018
    June 2018
    May 2018
    April 2018
    December 2017
    August 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    July 2016
    February 2016
    January 2016

ABOUT US

​WMSSoft assists companies build their future. We have software developers, financial and​ business consultants as part of our team to help build answers to your complex problems. WMSSoft is not only accounting and IT savvy, but also business smart.

CONTACT US

Address:
Building 4, Level 2
Suite 43, 195 Wellington Rd
Clayton VIC 3168


Email: sales@wmssoft.com.au
​Phone: 03 9561 1449

FOLLOW US

Find out more about
​ our products and services from
​our blog
Privacy Policy
COPYRIGHT © WMSSOFT PTY LTD 2019. ALL RIGHTS RESERVED.
  • Home
  • Sage Financials
    • Sage Financials
  • Sage 300
    • Sage 300
    • Sage CRM
    • Service Management
    • Production Scheduling
  • Sage Enterprise
    • Sage Enterprise Management
  • Business Intelligence
    • Sage Enterprise Intelligence
    • Power BI
  • Blog
  • About
  • Contact Us