Driver-Based Budgeting and Planning
When billable hours rise, your revenue and profitability follow. When square footage increases, so does your rent, utilities and other overhead. Units sold drives both cost and revenue elements. These Key Performance Indicators (KPIs) are the variables that drive the costs, revenues and, ultimately, the success of your business. The Maestro Suite makes your business drivers an integral part of your planning and business budgeting process.
Focus on Success Indicators
By recognizing and focusing on the tangible success indicators for your business, you can see immediately when things start to drift, and make faster decisions to get them back on track. Flexibility is key in driver-based budgeting and planning. With the Maestro Suite, you define the drivers – they can be financial or non-financial – and any changes will automatically ripple through the related parts of your model. For example, if you change headcount, the system will automatically adjust salary and related benefit costs, as well as travel, training and any other element related to headcount.
Maestro Suite Benefits
- Incorporate your KPIs into your planning process to drive consistency and efficiency.
- Create your own drivers without any programming.
- Tailor your assumptions to the exact way you think about your business and operations, not what your GL account structure dictates.
- Track and calculate metric assumptions in any part of your plan using financial and non-financial drivers – revenue, expenses, personnel, fixed assets, top-down allocations, bottom-up calculations, etc.