Budgeting Today Vs Yesterday

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  • What makes us different as a software company is that our founders have actually done your job. They know what it’s like to manage the planning process inside some top companies. And BudgetPak is the tool they whish they had!
  • Budgeting Today Vs Yesterday

    1. 1. BudgetPak… the future of budgeting…. © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 1
    2. 2. Yesterday’s Problem Budget - (Fr.) bougette (purse ) - a list of all planned expenses and revenues. © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 2
    3. 3. Back in the day….. Columns of time periods January February March April Consulting #5600300 Software #5960300 Office Supplies #5600300 Transportation #5700300 Meals #5700333 Hotel #5700344 Rows of General Telephone #5700555 Ledger Accounts Dues & Subs #5788300 Rent #5789000 TOTAL BUDGET © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 3
    4. 4. VisiCalc, Lotus, Excel – the 80’s & 90’s Columns of time periods Rows of General Ledger Accounts © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 4
    5. 5. Most Products on the Market Today Columns of time periods January February March April Consulting #5600300 Software #5960300 Office Supplies #5600300 Transportation #5700300 Meals #5700333 Hotel #5700344 Rows of General Telephone #5700555 Ledger Accounts Dues & Subs #5788300 Rent #5789000 TOTAL BUDGET What’s wrong with this picture? © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 5
    6. 6. The Beloved Rows and Columns anuary February March April J Consulting #5600300 Software #5960300 Office Supplie #5600300 s Transportation #5700300 Meals #5700333 Hotel #5700344 Telephone #5700555 Dues & Subs #5788300 Rent #5789000 TOTAL BUDGET © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 6
    7. 7. The Grid Doesn’t Work Well The “Garbage-In” Problem  People dislike budgeting  They don’t know how to budget (never had “Budgeting 101”)  Lack of Ownership  Frustrated by the mechanics © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 7
    8. 8. Don’t take our word for it….. • 2/3 of planning/budgeting software licenses purchased for non- finance managers go unused • 44% of companies report catastrophic failure of anybody outside of Finance to use the system). • 41% budgets are submitted with errors or omissions • Only half of non-finance managers are Excel literate • 90% of companies have failed to achieve “best practice” budgeting © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 8
    9. 9. Getting everyone to cooperate © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 9
    10. 10. What Finance is looking for • Automate the process (to make it more productive) • Robust reporting “out of the box” • Departments do it themselves (and do it right) • Give them the right tools – self serve in controlled environment • Air tight approval workflow, roll ups & audit trail • Easy access to the story behind the numbers • Easy interchange of data • Eliminate common errors and omissions • One version of the truth © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 10
    11. 11. What Managers are looking for • Simple: Answer questions, respond to prompts • Intuitive and personalized • A system that thinks in business terms • Automatically do the financial work for me • Show me the impact of my budget decisions • Allow me to make changes easily © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 11
    12. 12. Implementation Timeline Sign contracts • Kick off meeting (Finance, IT) • 1 to 6 weeks configuration (typical) • ½ Day a week time commitment (client side) • Conference room pilot • User training (1 hour) • Full rollout © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 12
    13. 13. XLerant • Founders managed Financial Planning & Analysis (Pepsi, Kraft Foods, Reader’s Digest) • Authored Value Planning (J. Wiley & Sons, 2000) • Awarded 2007 Accounting software (by CT Tech Council) • VC Funded (2007) • 100% Referenceable Clients © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 13
    14. 14. Contact Information Wesley Zahnke 700 Canal Street Stamford, CT 06902 (P) 203 328 3787 wzahnke@XLerant.com www.XLerant.com © 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 14

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