Lack of Personnel Planning vs. Automated Workforce Planning
Today’s environment requires business leaders to plan for workforce expenses at a level of granularity that is difficult, if not impossible, with Excel. Personnel planning with Planning Maestro means you can control your expenses across different operational centers, shifts and products, adjust payroll numbers for high turnover departments such as call centers, and even budget at an individual employee level to see the cash flow implications of each employee’s taxes and benefits throughout the year.
Reporting on Actuals vs. Forecasting
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 streamlines budget to actual variance analysis and eliminates the time consuming and error-prone manual work typically needed to reference and compare budgets and forecasts.
Top-Down Budgeting vs. Driver-Based Budgeting
With driver-based budgeting, it is easy to link corporate goals and financial metrics to operational activities. This allows your business to track performance and progress while offering the flexibility to course correct whenever necessary.