Problems in the absence of effective budgeting
Labour-intensive budgeting
Budgets are entered into separate Excel files, and when you change one budget, the related ones do not change
Impossibility of budgetary control
Lack of budgetary control over financial responsibility centres, budget items and other analyses
No responsibility for budgets
Some units plan and others execute. The planning unit has no control over the performance
The complexity of plan-to-fact comparison
Planning and actual accounting are carried out in different analysts, which makes it impossible to analyse plan-actual deviations quickly
What tasks does ABM Finance budgeting solve?
Unified methodology
Get an individual unified budgeting methodology for your company
Delegation of responsibility
Use a financial structure with the ability to delegate responsibility to financial responsibility centres
Automated business process for budgeting
Consistent setting of budgeting tasks, a holistic budgeting chain
Flexible planning process
Ensure planning for all financial responsibility centres in a single system of functional budgets with the ability to make quick changes
100% integration with accounting systems
Use the plan-fact in unified analytical sections and report forms for PnL, Balance, CashFlow and other functional budgets
What effects do our clients achieve
Budgeting at an enterprise means financial stability, efficiency and competitiveness
-
3-5% reduction in company expenses due to systematisation and budget control
-
Increased financial responsibility and delegation of authority in accordance with the financial structure
-
Plan-fact in a single system in unified analytical sections
-
Automated system for consolidation and control of budgets (Cash Flow, Balance, PL, Capex, etc.)
-
Clear and timely reporting for management and investors
-
Preparedness for any changes in the market situation thanks to multi-scenario budgeting – pessimistic and optimistic forecasts
-
Budgeting in different horizons – annual, monthly, rolling scenario
-
No unexpected expenses
-
Faster management decision-making thanks to effective financial analysis tools
Clients about us
О. M. Chanchikov
Financial Director of MedFarmHolding Group
"Together, we went from developing a methodology to a complete transition to the ABM Finance software product in the management accounting, budget planning and payment calendar blocks. Thanks to the individual approach of the consultants in implementing our tasks and the flexibility of the software product, the management accounting reflected the nuances of all the main business areas of the holding, while maintaining a single accounting and reporting methodology."
We appreciate that you are interested in our products. One of our staff will be in touch with you shortly. Have a great day!