Budgeting
We’re the experts in corporate financial management and business analytics you’ve been searching for.
Our team of talented accountants can help you find and use the tools you need to make your budgeting, forecasting analysis and reporting world class.
Economic Crisis or Insightful Opportunity? Forecasting Through the Pandemic
There is no denying that COVID-19 has plunged the world into economic uncertainty. Businesses across the globe need to adapt to the unpredictable nature of this pandemic crisis.
Are Those Planning Apps Too Good to be True?
Choosing a budgeting tool is hard. There are many vendors. Some offer apps and fast starts or pre built models. Be careful of taking their bait and then finding you need a custom build after all. In this post we examine the pitfalls of buying a corporate planning tool where you get apps or the model prebuilt for you and it just needs “minor customisation”. Ask yourself the questions: “How long did our Excel model take to build?” and “is it likely it could be replicated in 15 days”? And then test them. Hard.
Revenue Forecasts: Get it Right for the Short, Medium and Longer Term
Why Different Horizons Need Different Forecast Methods What will your revenue be next week? Or next month? Or in six or 15 months time. Similar questions, but so completely different…
Brexit + Trump + the Australian election = Volatility
Planning for the Volatile Times Ahead Recently we’ve had Brexit, we’ve had “The Donald” secure the US Republican nomination and we’ve had an Australian election that is hung almost a…
Driver Based Labour Budgeting – a Key Element of “What-if” Analysis!
As we’ve talked about now for the last couple of blogs, labour represents somewhere around 70% of the opex for most organisations. Recently we discussed labour budgeting by person and by role (with multiple…
Labour Budgeting by Role – Should You Use it?
As mentioned in our last post, labour costs represent somewhere around 70% of the operating costs for most organisations. So having a well thought out budget for it is vital…
Labour Planning by Individual – What’s Right for Your Budget?
Labour costs represent somewhere around 60 – 70% of the operating costs for most organisations. Therefore having a well built model for them is vital to great corporate planning. In…
Actuals – The Dull Part of Planning!
One of the first exercises we do when we start building a new corporate planning system is link the planning tools to the ERP so we can load actuals. History,…
Why Wrong is Good – The Myth of Forecast Accuracy
How important is your forecast accuracy? Do you reward your team for forecasting accurately? Or even penalise them for incorrect forecasts? I was talking with a client the other day…
Planning Horizons – How far out should your business plan? InfocubeTV Video
Planning Horizons How far out should your business plan? Should strategic planning, demand, operational, capital and financial planning all be for the same horizon? Should you plan to the wall,…
Need help with TM1?
We're here for you
Keen to chat? Book a discovery call!
