Since we are concentrating on management accounting, future-oriented techniques and approaches such as predictive planning fall into our solutions.
The pressure on organizations to plan and budget more efficiently and effectively keeps growing. Initiatives and ideas such as activity based budgeting and performance budgeting are most common planning and budgeting systems undertaken by commercial and government sector today.
Predictive Planning with its fundamentally transformed processes frees managers from simply budgeting line item costs and encourages them to collaborate and focus on assessing future demands on the enterprise.
By uniting the operational and financial realms of the organization, Predictive Planning enables continual adjustments to operating plans and budgets with new data that reflects changes in organizations and markets. This ensures resources are aligned and capacity optimized to produce a dynamic budget capable of real time re-forecasting.