The Web-based budgeting and planning solution from FRx Software Jim Boyer, Sr. Consultant Jim. boyer@cistech. net Photo: Digital. Vision
Streamlined Budgeting with FRx Financial Forecaster-Jim Boyer, Senior Consultant, CISTECH, Inc. FRx Forecaster is a powerful budgeting and financial forecasting tool. Its web enablement allows for collaboration among all your "financial touch points" (directors, department heads, finance), and provides a single financial data warehouse for budget, forecast and actual results. Cut budgeting time significantly, produce more realistic budgets, and adjust financial forecasts throughout the year to reflect actual conditions.
Agenda § Introduction § Budgeting Challenges Today § The Forecaster solution § Product Presentation § Q&A
Solutions for financial professionals Used by over 110, 000 customers worldwide Giving customers the control they need to effectively manage their business
Challenges in budgeting Accuracy Timeliness Control Relevance
Budgeting Challenges • Takes too much time • Inaccurate data • Difficult to collaborate • Budget contributors don’t see the relevance
Forecaster Features Forecaster is a database solution specifically designed for multiuser Budgeting and Reporting • • Revenue and Expense modeling Human Resource planning Capital budgeting Excel integration Allocation and Adjustment wizards Multi-Currency capability Robust Reporting Network or Web for end users
Immediate Benefits • Implement quickly • Control the process immediately • Adjust easily and often Forecaster gives you immediate control of the entire process
Integration using Financial Data Mart Drill. Down Viewer Report book Accounts & Balances FDM SQL Server or MSDE FRx® Direct. Link FRx and Microsoft General Ledger Email Excel Web Cube ASCII import or FRx Express. Link Printer FRx® Direct. Link Text
Integration and Data flow Drill. Down Viewer Report book OFSI FDM Other Data HR, Cap. Ex, Project FDM OFSI GL GL FRx and Microsoft Forecaster SQL db ASCII Designer Launcher Add In Report Manager FRx Report Server Email Excel Web Cube Printer Text
Integration General Ledger Forecaster Express. Link FDM II ASC Other Data (HR, Cap. Ex, Etc. ) F rt Impo ile Forecaster Database
Microsoft Forecaster
Cost Center Budgeting
Line Item Details
Input Tools
Input Tools
Input Tools
Input Tools
Planning
Spread Methods 12 months 4 -4 -5 4 -5 -4 Days Per month
Customized Calculations
Compensation planning
Compensation Planning
Compensation
Capital Budgeting
Flexible Revenue Modeling
Flexible Revenue Modeling
Consolidations
Account / Virtual Account Roll
Budgeting Versions
Security – users/groups
Routings/Workflow
Workflow
Auto-notification
Forecaster: The Solution Accuracy Timeliness Relevance Control
Forecaster as a solution Pains The Forecaster Solution • Time consuming • Quickly establish base line templates and data relevant to the right user • Data inaccuracies • Reduce audit and spend more time analyzing • Difficult to collaborate • Appropriate individuals know assumptions, status and numbers during the process • Budget contributors do not see the relevance • Use the numbers to help drive decisions and see effects of change
What Forecaster customers say … Customer Survey results “From increased efficiencies we reduced the time required to manage the process by 35% ” “Dramatically increased participation… from 30 to 75 people” “Saves printing costs. Before we printed 6 -10 budget books of 200 -300 pages, at least twice during a budget cycle… now we don’t” “Old process, from October to February, now 1 month” “Strongly agree. I can believe all the benefits can be realized” “With increased visibility, our management teams spend much more time in analysis and planning… which leads to better decisions and much better allocation of resources” “Forecaster enabled us to move to a rolling budget, without it we could not have done it. So what is the impact of a rolling budget? … hard to quantify, but it’s definitely leading to better decisions” “Before, it took our controller days (sometime 3 or 4 days) to do the rollups and consolidation… now, it’s in under 30 minutes”
Fast affordable way to manage budgets • Start fast • Benefit immediately • Save time and money • Budgets are realistic, accurate, achievable • Respond to changes • Continual planning • Immediate control • Better business results
Microsoft® FRx ®and Microsoft Forecaster Integration GL Data FRx Express. Link Forecaster Data GL Microsoft Forecaster Accounts Balances Accounts Centers Projects Versions Actuals current And Historical Budgets and Forecasts Microsoft FRx Drill Down on Budget Balances Drill Down on Actual Balances Variance Report
© 2004 FRx Software Corporation. All rights reserved. Microsoft and FRx are either registered trademarks or trademarks of Microsoft Corporation or FRx Software Corporation or their affiliates in the United States and/or other countries. All other registered trademarks and trademarks are property of their respective owners. FRx Software Corporation is a subsidiary of Microsoft Corporation.
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