the web-based budgeting and planning solution from frx software photo: digitalvision jim boyer, sr....
TRANSCRIPT
The Web-based budgeting and planning
solution from FRx Software
Photo: DigitalVision
Jim Boyer, Sr. [email protected]
Streamlined Budgeting with FRx Financial Forecaster-Jim Boyer, Senior Consultant, CISTECH, Inc.
FRx Forecaster is a powerful budgeting and financial forecasting tool. Its web enablement allows for collaboration among all your "financial touch points" (directors, department heads, finance), and provides a single financial data warehouse for budget, forecast and actual results. Cut budgeting time significantly, produce more realistic budgets, and adjust financial forecasts throughout the year to reflect actual conditions.
Introduction
Budgeting Challenges Today
The Forecaster solution
Product Presentation
Q&A
Agenda
Solutions for financial professionalsUsed by over 110,000 customers worldwide
Giving customers the control they need to effectively manage their business
Control
AccuracyTimeliness
Relevance
Challenges in budgeting
Budgeting Challenges
• Takes too much time
• Inaccurate data
• Difficult to collaborate
• Budget contributors don’t see the relevance
Forecaster is a database solution specifically designed for multiuser Budgeting and Reporting
• Revenue and Expense modeling• Human Resource planning• Capital budgeting• Excel integration• Allocation and Adjustment wizards• Multi-Currency capability• Robust Reporting• Network or Web for end users
Forecaster Features
Immediate Benefits
• Implement quickly• Control the process
immediately• Adjust easily and
often
Forecaster gives you immediate control of the entire process
Integration using Financial Data Mart
FRx® DirectLink
General Ledger
Accounts &
Balances
FDM FDM SQL Server SQL Server
or MSDEor MSDE
FRx® DirectLink ASCII import or FRx ExpressLink
DrillDown Viewer
Report book
Printer
Text
Excel
Cube
Web
FR
x an
d M
icro
soft
DrillDown Viewer
Report book
Printer
Text
Excel
Cube
WebFR
x a
nd
Mic
roso
ft
Integration and Data flow
FDM
OFSI
ASCIIOther DataHR,
CapEx, Project
Add In
GL
LauncherF
DM
OF
SI
FRx Report Server
Designer
GL
Launcher
Report Manager
Forecaster
SQL db
FDMFDM
Integration
GeneralGeneralLedgerLedger
Other DataOther Data(HR, CapEx,(HR, CapEx,
EtcEtc.).)
Forecaster Forecaster DatabaseDatabase
ForecasterForecasterExpressLinkExpressLink
ASCII File Import
Microsoft Forecaster
Cost Center Budgeting
Line Item Details
Input Tools
Input Tools
Input Tools
Input Tools
Planning
Spread Methods
12 months
4-4-5
4-5-4
Days Per month
Customized Calculations
Compensation planning
Compensation Planning
Compensation
Capital Budgeting
Flexible Revenue Modeling
Flexible Revenue Modeling
Consolidations
Account / Virtual Account Roll
Budgeting Versions
Security – users/groups
Routings/Workflow
Workflow
Auto-notification
AccuracyTimeliness
Relevance
Forecaster: The Solution
Control
Forecaster as a solution
Pains The Forecaster Solution
• Time consuming • Quickly establish base line templates and data relevant to the right user
• Data inaccuracies • Reduce audit and spend more time analyzing
• Difficult to collaborate • Appropriate individuals know assumptions, status and numbers during the process
• Budget contributors do not see the relevance
• Use the numbers to help drive decisions and see effects of change
What Forecaster customers say …
“Strongly agree. I can believe all the benefits can be realized”
“From increased efficiencies we reduced the time required to manage the
process by 35% ” “With increased visibility, our management teams spend much more time in analysis and planning… which leads to better decisions and much
better allocation of resources”
“Before, it took our controller days (sometime 3 or 4 days) to
do the roll-ups and consolidation… now, it’s in under 30 minutes”
“Forecaster enabled us to move to a rolling budget, without it we
could not have done it. So what is the impact of a rolling budget?
… hard to quantify, but it’s definitely leading to better
decisions”
“Saves printing costs. Before we
printed 6-10 budget books of 200-300
pages, at least twice during a budget cycle… now we
don’t”
“Dramatically increased participation…
from 30 to 75 people”
“Old process, from October to February,
now 1 month”
Customer Survey results
• Start fast
• Benefit immediately
• Save time and money
• Budgets are realistic,
accurate, achievable
• Respond to changes
• Continual planning
• Immediate control
• Better business results
Fast affordable way to manage budgets
Microsoft Forecaster Accounts Centers Projects Versions
MicrosoftFRx
GL
Accounts Balances
Budgets andForecasts
Variance Report
FRxExpressLink
Actuals currentAnd Historical
Drill Down on Actual Balances
Drill Down on Budget Balances
GLData
Forecaster Data
© 2004 FRx Software Corporation. All rights reserved. Microsoft and FRx are either registered trademarks or trademarks of Microsoft Corporation or FRx Software Corporation or their affiliates in the United States and/or other countries. All other registered trademarks and trademarks are property of their respective owners. FRx Software Corporation is a subsidiary of Microsoft Corporation.