Accurate Budget vs. Actuals
Planning Maestro integrates with – and operates as an extension of – your general ledger, so you can monitor and analyze budget vs. actuals all year long. The platform automatically adjusts projected revenues, expenses and the anticipated bottom line. Because it’s using transaction-level detail from your GL, you can drill down to understand why variances occurred and gain valuable insight into current and forecasted performance.
With Planning Maestro, your balance sheet, statement of cash flow, and the P&L are all connected to meaningful data contained in ERP and back office systems – and always up-to-date and synchronized – so reporting on budget vs. actuals and reforecasting to account for missed assumptions, market changes and other business fluctuations is quick and easy.
Finance leaders know that budgets are never set in stone. The dynamic nature of business means a budget that looked great in January can require a major overhaul in April. It can cause havoc in an organization that does not have an efficient process for adjusting budgets and plans accordingly. Planning Maestro eliminates the time consuming and error-prone manual work typically needed to reference and compare budgets and forecasts.
Concerned About Scenario Planning?
Scenario planning is more critical than ever, allowing organizations to explore the financial consequences of alternative business strategies. Centage offers a rapid implementation package to turn around valuable scenarios for customers in approximately 2-3 days.