Proof of Value
Create prototype and dashboard of the budgets and forecasts based on:
- Two key regions that are representative for the complexity of your business budgeting process
- Aligned definitions of the business concepts (e.g. chart of accounts)
- Multiple snapshots of data
Verify and challenge the existing reports with the SME’s based on the same snapshot, to compare apples with apples.
Once validated, it is time to implement the analytical capabilities.
- Identify the 20% of internal & external drivers that explain 80% of business result
- Install a rolling forecast that ties in with the strategic plan and feeds the annual budget
- Have the possibility to use these key drivers to generate multiple scenarios quickly that covers all levels of the organisation