Forecasting for Corporates
Forecasting and budgeting is essential in a corporate environment. What financial KPIs and targets are going to be set? What do you need to do to meet and exceed them?
Assuming you have an FP&A team (if not click here), then the budgeting and forecasting is what takes most of their time. But in many businesses this effort is inefficient, and the process is a nightmare for everyone involved around the business :
- Lasting weeks instead of days, and/or
- Taking too much management time across the business, and/or
- A mechanical exercise that does not give chance to think about proper business planning
If you are still using Excel, then you will be spending more time overcoming its inherent limitations, such as controlling submissions and ensuring there are no material errors in the model. Wouldn't it be better to be analysing and reviewing the numbers?
Camwells can help to replace Excel with more suitable forecasting software. We can develop a specification, and then help to select a system that best meets your priorities. It's what we've done for FTSE250 and other quoted groups.
Alternatively, if you are having trouble using specialist forecasting software, we can provide an independent eye to troubleshoot the situation. It may be a matter of using your software more effectively, or there may be a cheaper, more effective solution.
Then we can project manage the system design and implementation, if required.
To benefit from this expertise,do give Chris Challis a call on 07836 774439 to discuss options, or send an email. No obligation.