Intelligent Planning, Budgeting, and Forecasting Management

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Inspiration

Seeing the present situation where organisations are not able to modernize their process, or collaborate with their stakeholders to optimise, and have confidence in their financial plans, is the reason for building - Intelligent Planning, Budgeting, and Forecasting Management system.

What it does

It empowers your organisation to make faster, and more informed decisions intelligently. With intelligent robotic workflows you can react quicker to market changes and opportunities with flexible, driver-based, and integrated decision plans while you intelligently forecast financial performance and cash flow. Moreover, analyze performance and collaborate closer with your business to optimise financial results.

How I built it

It is built on top of Appian BPM. This product is available as an application framework where you can customise the features as per your requirements, industry and domain.

What solutions does it bring to your organisation

A) Planning Management - Collaborate with your business stakeholders on scenarios for revenue, expense, and personnel plans improving visibility and accuracy of projections. Integrate data from multiple systems making it easy to understand performance to plan, identify anomalies and analyze variances to plan expectations. B) Budgeting - Streamline your budgeting process, replace spreadsheets, and automate request and approval workflow. Support for incremental based, zero-based, top-down, and bottoms up activity-based approaches. Add driver-based rules, allocations, financial assumptions, enforce chart of accounts, and extend below the G/L for more granular needs. C) Forecasting - Create continuous multi-year or rolling forecasts across a variety of flexible time horizons. Incorporate actual trends, seasonality, cycles, moving averages, or a variety of assumptions to compare and adjust forecasts. Compare multiple what-if forecast scenarios to track plan against a range of outcomes. D) Analytics & Reporting - Empower your stakeholders, business users, and executives with performance dashboards, variance reports, and accurate financial statements and management reports. Drill down through hierarchies for your business to explore detail by company, division, location, etc.. Confidence in your Cash Flow, Balance Sheet, and Income Statement projections.

What's next for Planning, Budgeting, and Forecasting Management

To add AI based Scenario planning in features list - which is more critical than ever, and will allow organisations to explore the financial consequences of alternative business strategies.

Interested in demo or buying the application framework

Get in touch by leaving a comment.

Built With

• appian
• bpm
• business-process-management
• code
• low
• low-code
• sail