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Budget Process Acceleration

Problem

The average budget process is four months with some 67% of survey respondents saying the budget needs improvement, is out of date when done, or is a waste of time, which is compounded by spending some up to three weeks each quarter to determine and explain why targets were missed in the prior quarter. The single biggest issue is forecasting the top line which takes an average 2-3 weeks.

Cost

Budget cycles over a best practice of 70 days steals valuable management attention from operation execution and performance improvement.

Our Solutions

Automate top line budgeting with a statistical forecast to deliver in 1 day a baseline budget that can be modified and managed by exception and thus reduce the top line budget process to 5 days. Further, a detailed statistical probable range of outcomes limits time spent explaining variance between actual and plan each quarter.

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