Budgeting, Planning, and Forecasting

CCH Tagetik is a comprehensive EPM/CPM solution that can help organisations streamline their budgeting, planning, and forecasting processes. Respond to change with speed and agility. CCH Tagetik, powered by the Analytic Information Hub, goes beyond basic planning by connecting granular financial and operational data to plan more often and more in-depth.

Get end-to-end, real time integrated business planning from Financial, to extended planning and analysis (xP&A) including Supply Chain, Sales, Workforce, S&OP and IT. 

Enter the next evolution in planning. Connect finance & operations. Automate manual tasks and plan faster.

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CCH Tagetik Budgeting Planning and Forecasting

Common Challenges

Budgeting, planning, and forecasting processes can be complex and challenging for organisations. Some common challenges include:

Data Quality and Availability

Organisations often battle with data discrepancies, incomplete data sets, or data silos, making it challenging to create consistent budgets and forecasts.

Time and Resource Constraints

Budgeting, planning, and forecasting can be time-consuming and require significant company resource. A lack of time and resources may result in incomplete planning, leading to results with reduced accuracy and reliability.

Lack of Standardisation and Governance

Inconsistency with budgeting and forecasting methodologies can lead to discrepancies and challenges across departments when aggregating and comparing data. Lack of governance and standardised processes can result in inefficiencies and difficulties in maintaining the integrity of data.

Stakeholder Alignment and Communication

The process of budgeting, planning and forecasting involves various stakeholders across different levels and departments. Ensuring alignment in goals, assumptions, and expectations can be a challenge. Effective communication and collaboration are essential to gather input, address concerns, and gain consensus.

Lack of Agility and Scenario Planning

In a rapidly changing business landscape, organisations need to be agile and adapt quickly. Traditional budgeting and planning processes often lack the ability to scenario plan and evaluate the impact of alternative strategies or changing market conditions.

Overcoming Obstacles with Integrated Planning and Forecasting Solutions: The Power of CCH Tagetik

Addressing these challenges requires a combination of the proper technology tools, data management strategies, standardised processes, stakeholder engagement, and continuous improvement efforts.

Implementing integrated planning and forecasting solutions like CCH Tagetik can help organisations overcome these challenges by providing a unified platform, automation, data integrity, collaboration, and scenario analysis capabilities.

Discover the numerous benefits of CCH Tagetik, a powerful financial planning tool designed to improve accuracy, streamline processes, and enhance data integration for organisations. This comprehensive solution offers scenario analysis, improved communication and collaboration, agility, compliance, cost savings, and strategic planning capabilities to ensure success in today’s competitive business landscape.

Features & Benefits:

  • Improved Accuracy: CCH Tagetik improves the accuracy of budgeting, planning, and forecasting by removing manual errors, ensuring data consistency, and providing robust validation and auditing capabilities. It allows organisations to make more informed decisions based on reliable and up-to-date financial data.
  • Streamlined Processes: CCH Tagetik automates and streamlines budgeting, planning, and forecasting processes, reducing the time and effort required compared to manual methods or disparate systems. Workflow capabilities, collaboration tools, and version control are included, enhancing efficiency and removing redundant tasks.
  • Enhanced Data Integration: CCH Tagetik integrates data from multiple sources, including ERP systems, spreadsheets, and databases, ensuring a single version of truth for financial information. This integration reduces data silos, improves data quality, and provides a comprehensive view of an organisation’s financial performance.
  • Scenario Analysis and Decision Support: CCH Tagetik enables scenario modelling and analysis, allowing organisations to create different what-if scenarios and how it will impact on financial outcomes. This capability helps in strategic decision-making, risk assessment, and contingency planning.
  • Improved Communication and Collaboration: CCH Tagetik facilitates collaboration and communication among stakeholders involved in the budgeting, planning, and forecasting process, providing a centralised platform for sharing information, assigning tasks, and documenting discussions. This ensures alignment and transparency across teams.
  • Agility and Adaptability: CCH Tagetik allows for more agility and responsiveness to changing market conditions or business dynamics. The solution allows for quick adjustments to plans and forecasts, accommodating new information or unexpected events.
  • Compliance and Auditability: CCH Tagetik provides features to ensure compliance with financial regulations and standards. It maintains an audit trail, supports data validation checks, and includes security controls, improving data integrity and supporting internal and external audits.
  • Cost Savings: By streamlining processes, reducing manual efforts, and improving accuracy, CCH Tagetik leads to cost savings. It eliminates the need for disparate systems, reduces the risk of errors, and enables efficient resource allocation.
  • Strategic Planning and Performance Management: CCH Tagetik goes beyond budgeting and forecasting, providing capabilities for strategic planning, goal setting, and performance management. It helps organisations align financial objectives with overall business strategies and monitor progress towards goals.

Why choose HAYNE Solutions?

HAYNE are trusted UK CCH® Tagetik Partners with a proven ability in delivering best-in-class solutions

We are your Partner

Our reputation is well-known for our dedication and expertise in delivering best-in-class Enterprise Financial & CPM Solutions – from implementation and licence management to upgrades, training, maintenance and support.

The combination of the HAYNE focus and the strength of CCH® Tagetik delivers results for our clients time and time again. We are certified CCH® Tagetik Developers and can support you with the planning, training and implementation of your CCH Tagetik solution.

Leading UK Consultancy

CCH® Tagetik UK Partner

Proven best-in-class delivery

Trusted UK-Based support team

The communication with HAYNE throughout the whole project was great with regular contact from both the Project Manager, and the Lead Consultant. There was never a time where it looked like the project timelines were not going to be achieved and the solution went live exactly as planned. This showed excellent time management on HAYNE’s behalf.