Transform your planning process with all stakeholders on board
Organizations today are under considerable pressure to make informed decisions daily. This not only requires establishing metrics that assess what has happened in the past, but also requires an effective response to risks and opportunities by planning for the future. Profitbase offers a solution that helps companies to address some difficult challenges of planning, budgeting, and forecasting. We enable organizations to link their strategic, financial, and operational plans with performance metrics to improve and speed up the business planning cycle.
This solution creates a platform for better decision making, reduces the planning cycle time and fosters a collaborative management environment in one integrated system.
Integrates financial and operational planning in one system
Our solution empowers your organization with more accurate budgets and forecasts, faster planning cycles and fosters a collaborative management environment in one integrated system. The integrated planning process improves efficiency and reduces the chances of errors. It also helps managers and planners to confidently make critical operational and financial decisions and improve business performance.
Includes historical and actual data to support new plans
Accuracy of budgets and forecasts is improved as the starting point is historically accurate and consolidation is automatic. It automates many budgeting steps so manual rationalization, and interpretation of historical figures are eliminated. New proposed budgets based on high level targets are automatically created, errors are minimized and the overall time to produce a new plan is reduced by up to 90%.
Simplified input in spreadsheet-like forms
Input forms are easily accessible to users using a browser. The input forms may contain helpful figures such as last 12 months and other historic information useful to help you provide quality input. This has proved to cut planning cycles from months to weeks compared to collecting data from numerous Excel sheets. This helps to improve overall data quality by eliminating common spreadsheet errors such as overwritten formulas and broken links. Excel is supported for user's convenience, helping to improve productivity and quality of budgets and forecasts.
Track the progress of your planning process
Track every piece of the plan, make sure the work is moving forward and that it is on schedule. The administrator is able to see the status for every part of the plan for each contributor. This way, it is easy to plan other tasks related to the plan being worked on, like reports and affected KPIs. The progress feature can be tailored to allow for other statuses to be flagged, helping both the administrator and contributors through to a fully completed input.