Foresight. Budgeting

Complex solution of tasks for automation of planning and budgeting in companies and enterprises that are sector-specific and complex in organization

Capabilities of the implemented solution

Less labor intensity and reduced time of preparation, approval and confirmation of budget, reporting

Improved transparency and availability of budget data

Compatibility and consistency of budget indicators on all budget model levels

Increased financial discipline, personal manager responsibility for budget planning results

The solution is aimed at

Competitive advantages

Architecture Overview

Preconfigured Options

  • Building and confirmation of plans and budgets
  • Collecting actual data for plan and budget implementation
  • Monitoring and control of plan and budget implementation
  • Adjusting plans and budgets based on implementation results

Budget Process Management

  • Setting up budget processes and execution order
  • Setting up budget process execution regulations
  • Starting processes and monitoring their execution

Budget Model Management

  • Defining budget model structure
  • Setting up budget forms
  • Setting up calculation and validation rules

Prognoz Platform Tools

  • Designer of business application (structure, navigator, updates)
  • Process management tools (BPM, Workflow)
  • Data warehouse designer and MDM tools
  • Reporting designer (OLAP, regular reports, dashboards)
  • Administration and information security tools
  • Designer of data entry forms
  • Integration tools (ETL)
  • Designer of multidimensional calculations, forecasting models

Functionalities

Budget Model Management
  • Setting organization structure and responsibility centers
  • Working with analytical slices of budget model
  • Working with indicators of budget model
  • Defining budget structure and budget form contents
  • Defining planning versions
  • Setting up custom budget forms (tables, cards, multisheets)
  • Setting up indicator calculation algorithms
  • Setting up indicator aggregation and consolidation rules
  • Setting up indicator allocation rules
  • Setting up algorithms for logic and arithmetic control of indicator values
  • Setting up integration adapters to third-party applications
  • Setting up rules of mapping primary actual data to operation budgets
  • Setting up drill-down rules from budgets by group up to the company level
Budget Process Management
  • Setting up budget process structure and contents (hierarchical process tree)
  • Setting up standard actions within a process (data entry, data load, calculation of indicators, approval, custom actions)
  • Setting up group actions/subprocesses (calling actions /subprocesses for a group of parameters, for example: by all subsidiaries and affiliates)
  • Setting up process managers and action owners
  • Setting up authorization objects (data sets with parameters)
  • Starting processes and execution monitoring
  • Setting up execution conditions and stopping processes and actions
  • Settings up user notifications about process and actions execution
  • Setting up scheduled process execution
  • Setting up time parameters of process and action execution
Preconfigured Options
  • Building operation budgets
  • Building primary budget applications registry
  • Building budget responsibility centers
  • Calculating activity based cost (ABC)
  • Building actual indicators of operation budgets based on configured rules of mapping primary actual data into budgets
  • Building reports for budget implementation
  • Accounting and revision of inter-company transactions
  • Building consolidated budgets with elimination of inter-company transactions
  • Setting limits for budget indicators and setting up limit allocation rules by group companies (top-to-bottom budgeting)
  • Data drill-down from budgets by group up to the company level
  • Creating performance indicators
  • Analytical reports and dashboards by indicators

Solution Roadmap 2018-2019

Helpdesk Support

Our specialists provide comprehensive technical support concerning all software product use to our customers and partners. To effectively and successfully work with our solutions, use various helpdesk support services.

About Developer

The Foresight company being a part of the multi-business IT holding ITG (INLINE Technologies Group) develops Prognoz Platform BI platform designed to create a wide range of business analytics solutions.

Currently, there are platform-based analytical systems used by customers in 70 countries to increase management efficiency and search of new business growth trends.

We develop standard BI solutions allowing corporate, government and banking companies to successfully solve analytical tasks.

CONTACT US

Moscow

127521, 72, Oktyabrskaya St. Tel.: +7 495 137-54-98 info@fsight.ru

Perm

614066, 54b, Stakhanovskaya St. Tel.: +7 (812) 438-27-84 info@fsight.ru

St. Petersburg

197342, 17, Beloostrovskaya St., building 2, office 317 Tel.: +7 (812) 426-98-54 info@fsight.ru