1. BudgetPak… the future of budgeting….
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2. Yesterday’s Problem
Budget - (Fr.)
bougette (purse )
- a list of all
planned expenses
and revenues.
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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
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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. 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. 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. 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. 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. Getting everyone to cooperate
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 9

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. 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. 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. 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. 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