Budget and Plan
Improve the efficiency, adaptability and control of your Budgeting & Planning process with HAYNE Solutions.
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Now more than ever, the key to the success of any business is being able to effectively and efficiently budget, plan and forecast. In our experience this is the core financial process that can deliver most value and, in many cases, is the least developed.
Many organisations still rely on spreadsheet models that are complex and risky and unable to meet the demands of the organisation.
Companies are increasingly reliant upon the finance team to deliver an enterprise wide Budgeting & Planning process that meets the business needs.
An automated budgeting and planning solution offers several benefits and plays a crucial role in enhancing the efficiency and effectiveness of your budgeting & planning process
Key reasons why an automated solution is important:
Manual budgeting and planning processes can be time-consuming and tedious. An automated solution streamlines the process by automating calculations, data consolidation, and report generation. This saves significant time for finance teams, allowing them to focus on more strategic activities and analysis rather than manual data entry and manipulation.
Accuracy and Data Integrity
Automated solutions reduce the risk of human error that can occur during manual data entry and calculations. By eliminating these errors, an automated system ensures accuracy and data integrity throughout the budgeting and planning process. This leads to more reliable financial forecasts and better-informed decision-making.
Centralised Data and Collaboration
An automated solution provides a centralised platform for budgeting and planning data. It allows multiple users to collaborate simultaneously, access real-time information, and work on different aspects of the budgeting process concurrently. This improves communication and collaboration among stakeholders, ensuring everyone is working with the latest data and reducing version control issues.
Flexibility and Scenario Analysis:
Automated budgeting and planning solutions offer flexibility in creating different scenarios and analysing their impact on financial outcomes. Users can easily adjust assumptions, variables, and models to test various scenarios and assess their financial implications. This helps organisations make further informed decisions and develop contingency plans for different business situations.
Real-Time Monitoring and Reporting
Automated solutions provide real-time monitoring of budget vs. actual performance. This allows organisations to track financial progress, identify variances, and take timely corrective actions. Advanced reporting capabilities enable finance teams to generate customisable reports, dashboards, and visualizations to communicate financial insights effectively to stakeholders.
Integration and Data Connectivity
An automated solution can integrate with other systems and data sources within an organization, such as ERP (Enterprise Resource Planning) systems or data warehouses. This enables seamless data flow and eliminates the need for manual data extraction and consolidation. Integration ensures data accuracy, reduces duplication of efforts, and provides a holistic view of financial information.
Auditability and Compliance
An automated budgeting and planning solution improves auditability and compliance with internal controls and regulatory requirements. It maintains a trail of activities, revisions, and approvals, allowing for a transparent and auditable process. This is particularly important for organisations operating in highly regulated industries.
Scalability and Adaptability
Automated solutions can scale with the organisation’s growth and evolving needs. They can handle larger data volumes, accommodate complex business structures, and adapt to changing requirements. As organisations expand or restructure, an automated system can easily accommodate these changes without significant disruptions.
We are proud to implement and support market-leading planning products
CCH Tagetik and IBM Planning Analytics.
Our comprehensive suite of services streamlines financial processes, empowers data-driven decision-making, and leverages business intelligence tools to drive your business towards success in a rapidly evolving landscape.
Budget & Plan
Now more than ever, the key to the success of any business is being able to effectively and efficiently budget, plan and forecast.
Close & Consolidate
We help you to achieve a speedy financial close and consolidation process whilst also delivering accurate and compliant reporting.
Report & Analyse
We can help you turn your data into real insight enabling you to make game changing business decisions.
Streamline ESG report creation, showcasing your business’s sustainability commitment and meeting stakeholders’ growing expectations.
Simplify and automate reconciliation for accurate, efficient financial operations, reduced errors, and improved financial control.
HAYNE, offers superior solutions including consultancy, project execution, training, and support, guiding you throughout your BI journey.
Reduce close by
Reduce manual tasks by
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Increase love for year end
Why choose HAYNE Solutions?
HAYNE are trusted Silver CCH® Tagetik Partner and IBM Gold 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 license management to upgrades, training, maintenance and support.
The combination of the HAYNE focus and the strength of our software solutions deliver results for our clients time and time again. We will support you with the planning, training and implementation of your chosen planning solution.
We don’t just sell the software, we become your partner.