Integrated planning
What we offer?
We are transforming the finance area by reorganizing and integrating planning, budgeting, reporting, forecasting, and data analysis processes across the entire organization.
We use the Jedox suite, which is part of the Microsoft data ecosystem, along with tools from the Microsoft Power family (Power Query, Power Pivot, Power BI).
For whom? Who needs us?
Our clients turn to us when:
- The cost of maintaining finance departments is increasing, while the scope and quality of reporting are declining, and working hours are getting longer.
- Expanding teams within finance departments brings increasingly smaller gains in efficiency and task coverage due to disconnected processes, often based on scattered and inconsistent Excel files.
- They are expected to deliver a rapid improvement in the quality of finance and controlling, yet they lack the necessary competencies and team capacity.
- They want to shift their role in the organization from “Excel accountant” to a business-savvy partner who deeply understands the company and actively participates in strategic decisions made by individual departments.
- They are enthusiastic about new technologies and see them as an opportunity to increase their companies’ competitiveness.
- They want to impress their colleagues from other departments by providing intuitive, accurate, and up-to-date tools for self-service data analysis.
Benefits What benefits
will we bring to the company?
We can assure you that cooperation with us will bring a number of tangible benefits:
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Reporting, planning, budgeting, and forecasting will no longer be separate processes, where data exchange happens through manual copying in Excel files. We will create a single, interconnected data ecosystem in which the output of planning feeds into the budget, and actual data becomes the starting point for forecasts for upcoming periods.
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We will create a single data repository containing planning results, budgets, forecasts, actual data from external systems, and performance metric calculations. All data used as the source for any reports and analyses will be in one place — controlled, reconciled, and easily accessible via Jedox online, Excel, Power BI, Qlik, or any other BI system, on a computer, tablet, or phone.
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Thanks to automation and a single source of truth, standard periodic reports will automatically update as soon as new period data or versions (ACT, BU, FC) are made available. Ad hoc reports will always reconcile, regardless of who prepares them, when, or for which period. This will drastically reduce the number of reporting errors — and even if they occur, they will be quickly detected and corrected.
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Reporting based on a single source of truth for everyone will save a tremendous amount of time that is currently spent ensuring each new or updated report reconciles with previous ones.
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Creating a new report or analysis will become quick and easy. As a result, financial analysts will be able to focus on what they previously didn’t have time for — analyzing achieved results, emerging trends, occurring variances, and the reasons behind them.
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The finance department will become a true business partner for other departments. It will be able to support the evaluation of the financial effectiveness of planned initiatives, actions taken, and the success of the applied strategy. It will also be capable of creating scenario and sensitivity analyses, enabling a deep understanding of financial impacts before final decisions are made regarding future directions.
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Employees will feel that this is their place for the long term, as they become part of an organized and efficient finance department, having a real impact on strategic decisions in the company — and all that without the need to spend long hours in the office.
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In the case of rapid changes, it will be possible to adjust the data model, workflow, reporting structure, and data access according to the needs.
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Thanks to full integration, any changes in assumptions or forecasts will be immediately reflected in the final profit and loss statement, balance sheet, cash flow, or KPIs. This opens up the possibility of creating any scenarios and conducting sensitivity analysis practically during meetings with management.
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The planning, budgeting, and forecasting processes across the entire company will be under the control of the finance department, which will always know who reported what, when, and how.
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Validation mechanisms allow for checking whether the data uploaded by business users is complete, correct, and reconciled, and whether actual data from ERP systems is properly mapped. This ensures that the data in the database remains clean and complete.
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Automated change-tracking systems monitor user activity and the data entered by users.
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Data democratization does not mean that data is fully and unlimitedly accessible to everyone. Finance departments have full control over which data, views, reports, processes, and functions are made available to specific user groups.
Our strengths Why we?
There are several reasons why you should choose us:
A deep understanding of the realities of finance departments
We have a deep understanding of financial reporting requirements, which allows us to naturally and quickly step into the role of a partner and “right hand” to CFOs and financial controllers.
Comprehensive service
We provide comprehensive support — from presenting the concept and offering multiple solution options to final implementation, user training, and supervision during the launch.
Result orientation
We are strongly results-oriented, not focused on counting hours worked. We work fast, proactively seek potential solutions, and when needed, support less experienced members of your team by explaining accounting principles, the rationale behind actions taken, and the scope of their assigned tasks.
The effects of our work How will integrated
finance work?
- 01/
Work schedule and task assignment
- 02/
Preparation of strategic assumptions and company-level goals using a top-down approach
- 03/
Preparation of partial plans and an aggregated budget using a bottom-up approach based on historical data, or using a zero-based budgeting approach, where each plan must be justified
- 04/
Analysis of potential scenarios, making adjustments, and adopting the final budget
- 05/
Collection of actual data, automated periodic and ad hoc reporting
- 06/
Trend and variance analysis, along with drawing conclusions for the future
- 07/
Preparation of forecasts for upcoming periods — increasingly using AI engines, with little or no involvement from analysts.
To create a ready-to-use solution, we leverage components from pre-built Jedox financial models based on market best practices, as well as elements already used within the organization, such as Excel report structures. The rest is built independently according to specific needs. This gives us unlimited possibilities to quickly develop the final solution.
Every organization is different and has unique needs, but in almost all cases, the following elements of an integrated system for planning, budgeting, forecasting, reporting, and data analysis can be identified.
The final outcome will be a fully integrated and automated system covering all key finance processes — planning, budgeting, forecasting, reporting, and data analysis — where once-entered assumptions and data are instantly reflected across all related areas. This enables the creation of an accurate profit and loss statement, balance sheet, cash flow, and a set of KPI metrics.
At the same time, managing the entire system usually requires just one person — yes, just one!
Contact Contact with us.
Phone:
+48 501 103 295
E-mail:
info@exevera.com
