Budgeting & Forecasting

In an environment where access to timely and accurate information is invaluable and organizations are moving toward real-time reporting, a well-focused budget and forecast cycle can significantly improve the flow of information and greatly aid organizations in their decision-making process.
- The key to an effective budgeting and forecasting process is to validate all possible assumptions and factors so that executive management can weigh the validity of each and determine which to include and which to omit.
- Our Accounting Advisory Services team can help you uncover and analyze hidden factors, plan and set up a budget in a more efficient way and more effectively measure and control expenditure.
- Our planning, budgeting & forecasting services comprise four components, which are designed to improve the flow of information and fundamentally support executives in their decision-making process.
The financial planning process helps identify factors that are key to strategic decision making. By comparing actual results with the financial plan, issues can be predicted and remedial action taken. For a plan or a budget to be successful, it is first necessary to assess all assumptions and factors so that the executive management can subsequently determine which to include and which to omit.

How can we help?

We will help you identify hidden factors, analyze previous development and the utilization of the company’s financial potential, and plan and build a comprehensive planning system, focusing on speed, quality and the achievement of business objectives.
Here are some potential benefits of our budgeting and forecasting services we provide: - Identifying and assessing the process risks and inefficiencies of your budgeting and forecasting function
Here are some potential benefits of our budgeting and forecasting services we provide: - Providing recommendations for process redesign, systems optimization and eventual organizational changes
-Reduced planning and budgeting cycle times
-Efficient budget control
-Improved measurement and definition of key performance indicators (KPIs)
-Analysis and improvement of the use of information technologies/information systems
  • Design and create a budget model that allows business owners to determine future profitability.
  • Provide forecasting that identifies contributions from key products and/or customers based on certain assumptions.
  • Setup monthly reporting that compares budget to actual performance so you know if your performance is on target.
  • Interpret budget to actual results and identify key performance issues so the business can respond quickly to changing circumstances.