Given today’s global business needs and ever changing requirements, most finance professionals find it a challenge to continue using Excel for preparing budget plans for their companies . This is because multiple versions of excel are used by each person within a team, it becomes difficult to collate and represent quickly. Modification is manual and may not update all the cells. Also there is no easy way to compare budget vs actuals and have information that would help in future budget planning. The challenge is even more if the company has multiple revisions to its budget plans during the year.
At Total eBiz Solutions, Singapore we realize this challenge , Built on Microsoft.NET framework and MS SQL Server our Budgeting & Business Planning System is solely built to help finance professionals overcome the above challenge. It is a web-based application and has the following modules:
Structure Setup Module
New Year beginning process Module
Business Plan Transaction Entry (Expense/Income)
Actual data upload & Transaction Entry Module
Revised Business Plan Entry
P&L, Variance and Transaction detail Reports
Consolidation
Admin Module
Our system provides efficiency, improves productivity and the following benefits to the finance user:
One version of the truth instead of multiple excel sheets
Be able to easily record the budget details
Management can be able to view the information in one place
Provides comparison between Actual Budget and Forecast figures
Easy Consolidation by Projects, Teams, Groups and Company
Can track expenses where increasing and what should be adequate budgets for subsequent years
Role based access possible wherein different users can be able to see information as per their rights and privileges
