Budgeting & Forecasting

Efficient budgeting and forecasting is based on improved control over the planning process. The budgets reflect
the demands and requirements of the business, and are integrated 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.

Hypergene brings the support needed for efficient budgeting and forecasting processes. Tasks can be easily delegated within the organization and developments followed 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 current and pending tasks in the process. The workflow engine also enables efficient user management, whatever the number of employees. The integration of Hypergene with other business systems such as accounting and HR, 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 with driver-based budgets, i.e. budgets based on parameters such as volume and price instead of amounts and accounts. They may be the number of products, the number of employees and the number of customers – drivers that the users are 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 budgeting and forecasting in Hypergene is straightforward. This is achieved not just through effective process support and extensive integration features, but also primarily 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 & 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.

 

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