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Budgeting and Planning Capability
Statement
Financial Executives today are faced with a myriad of challenges
in trying to accurately predict and communicate operational
and financial plans to management for fast and effective decision-making.
These challenges often include:
• Inability to collect, store, consolidate and report
relevant information on a timely basis
• Lack of a cohesive budgeting and planning methodology
and the processes and systems in place to execute that methodology
effectively
• Lack of coordination and communication amongst the
various participants in the budgeting and planning process
• Inability to react quickly to changing market conditions
Focus Strategies and Solutions, a Cognos Premier Partner, uses Cognos Planning to implement
a solution that addresses these very issues and supports an
environment where multiple decision makers can engage in the
planning process simultaneously.
Key Features
• Top-down planning with bottom-up budgeting and forecasting
• Rolling forecasts
• Workflow
• Interlinked Profit and Loss, Balance Sheet, and Cash Flow
models Multi-currency support
• User-defined trending methods
• Calculation engine to model assumptions, allocation,
KPI, etc.
• What-if analysis
With Focus Strategies and Solutions' implementation of the Cognos Planning solution,
you can centrally manage and collaborate on every step of
the budgeting and planning process. Decision makers create,
own and communicate detailed plans, calculations and assumptions,
across the enterprise, improving user participation and data
integrity.
Benefits
• Create a global community of users to participate
in a web-based planning and reporting process
• Streamline the entire budgeting process to ensure
that decision makers have timely access to critical business
information
• Forecast using actual data to see the effect of proposed
changes on the entire business model
• Provide integrated workflow to allow planners and
management to collaborate at each stage of the planning process
Focus Strategies and Solutions' implementation of the Cognos Planning solution is
designed to take the traditionally static budgeting process
to a collaborative, real-time and continuous state.
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