Budgeting & Forecasting

Efficient budgeting and forecasting based on improved control over the planning process. Budgets that reflect the demands and requirements of the business, and integration with accounting, HR and other data sources for greater precision. Hypergene delivers major efficiency gains, whether the method used is driver-based, account-based, a rolling 12-month forecast, bottom-up or top-down.

Support for more efficient budgeting and forecasting processes

Many financial controllers and managers find budgeting and forecasting processes time-consuming and would rather spend their time on more future-oriented activities. Hypergene offers a solution that transforms, quality-assures and streamlines working methods in just a few months, freeing up time for analysis and looking ahead to the future. 

With Hypergene you have support for efficient budgeting and forecasting processes. You can easily delegate tasks within the organization and follow developments when a budget is produced at different levels or units. The basis for the solution lies in the process support;; a workflow engine that structures and monitors pending tasks and where in the process these currently are. The workflow engine also enables efficient user management, whatever the number of employees. The integration of Hypergene with data sources, such as accounting, HR and business systems, also enables the user to access important input and reference data in their work. All data is stored, consolidated and monitored in real time, meaning that the entire organization can work from a common, quality-assured picture of reality.

Comprehensible amounts in the budget

Hypergene users can work driver-based, i.e. budgeting based on parameters such as volume and price instead of amounts and accounts. This may be number of products, number of employees and number of customers – drivers that the user is familiar with from their day-to-day work. Consequently, amounts in the budget can be easily explained and revised automatically when the drivers change. It is also easy to work with accrual and allocation keys and automatically link budget values to forecasts.

Efficiency through simplicity

Working with budget and forecasting in Hypergene is straighforward.. This is achieved not just through effective process support and extensive integration features, but also predominantly through user-friendliness and simplicity, which characterize the solution from start to finish. Traceability for deviations, functions for collaboration and role-based reporting and follow-up are just some examples of how the system simplifies day-to-day work. The module for budgeting and forecasting also integrates seamlessly with Hypergene’s other modules for Strategic Management and Reporting & Analysis. This creates a powerful system for business intelligence and performance management, and enables the entire organization to benefit from continuous and coherent quality and improvement work.

 

“In our case, Hypergene has evolved into a tool for continuous follow-up and long-term planning. Managers have an excellent overview of the situation and a greater understanding of our financial performance thanks to the ability to drill down into the information without the need for supplementary systems. Our controllers also have more time to look ahead and support the business because their work has become more effective.”

Quote from Anders Nilsson, Senior Controller, Sveaskog

  

Built-in support for:

  • Accruals
  • Allocations
  • Process and authorization workflows
  • Simulations
  • Integration with business systems
  • Role-based reporting & analysis
  • Notes and comments
  • Varying periodicity, rolling 12 months, etc.

 

Example applications:

  • Driver-based entries
  • HR planning
  • Cash flow planning
  • Investments
  • Equipment, depreciation and amortization
  • Performance management
  • Budgeting & Forecasting