For most CXOs, planning, aligning & monitoring their budget can be a tedious and time consuming overhead. Though best of breed ERP systems are implemented, they find themselves collecting spreadsheets from participants across their business, trying to match planed, forecast and actuals.
When planning the budget, We match the budget demand with the supply constraints, than it is clear that aligning the multiple facets of budget is not an easy task.
With MSP Budget governance framework you can easily set the constraints defined by your corporate (Goals, risks, CAPEX/OPEX and operational constraints such as skills, resources, assets..) and priorities the budget demand to optimally meet the supply constraints.
Once planning is over MSP will validate that forecasting and control is perfectly aligned with the operational performance and make sure target margins are met.
Good-bye Excel; Hello My Single Point
You can see that our customers report that the duration of their budget planning has drop by more than 50%, the managerial overheads of maintaining the budgets reporting and forecasting by 30% and most importantly
MSP does so by automating and gating budget requests submission so you can Rest assured that your budget will be aligned, traceable auditable
With MSP’s unique solution designer you can tailor the budget templates to your own processes, terminology and procedures by simple drag and drops.. Quick, nimble and non-technical
* Delivery, Finance and Operations stake holders approve budget, and become the accountable party for its optimal use .
* Each request is uniformly justified in a clear and easy to fill manner. MSP enforces that these requests are aligned with the strategic goals, risk mitigation plans, capacity / skill / capabilities constraints, and more.
* Monitor participants' progress, review and approve their requests using task lists.
* Perform your what-if scenarios optimizing the pipeline of standalone budget-lines, prioritizing it while matching budget demand with supply constraints.
* Manage every P&L, slice and dice through the multiple facets to improve decision making in real-time