Budget Maestro’s built-in accounting rules and formula-free calculations provide retail businesses an easier and more reliable way to budget and plan. Whether you are budgeting for stores, regions, product categories, or down to SKUs, you’ll have the accurate, timely and actionable financial and operational data you need.
Get the answers you need
Easy-to-use what-if scenario capabilities allow you to change assumptions and immediately see the impact on your revenue, expenses, and cash flow. For example:
- If revenue is lower than expected, can we maintain our normal staffing levels?
- If the minimum wage rises, are all the stores still profitable?
- If sourcing costs increase, can we pass them on to our customers?
With Budget Maestro retailer business planning software, Retailors can:
Gain control over personnel expenses
- Plan personnel by job title or individual employee, applying fixed headcount and full-time equivalents that vary based on drivers such as sales, store count, website visits or walk-in traffic
- Accurately track payroll, payroll taxes, and fringe benefits for each employee or employee type
Create detailed revenue plans and forecasts
- Budget by chain, product line, district, location, or department
- Create detailed plans using key metrics such as sales, markdowns, gross margin, etc.
- Apply business drivers (pieces, units, cases, gallons, dozens, SKUs) to create revenue plan; adjust revenue forecasts solely by changing drivers
- Prepare bottom-up forecasts including detailed merchandise and store plans; make top-down adjustments to key business drivers such as demand before committing to final forecast numbers
Prepare for market fluctuations
- Perform what-if scenarios based on seasonality, economic conditions, promotion cycles, ramp-up of new stores, etc.
Streamline consolidation and reporting
- Create and disseminate detailed operational reports including payroll projections or product SKU revenue by season
- Centralize data consolidation from stores, districts, regions, and company level with instant, automatic consolidation of allocations
- Model new store planning, using assumptions such as store type, store location, and seasonality, creating a fully-loaded P&L, balance sheet and cash flow based on planned store openings