Profitbase SIM is a full scale financial planning and simulation tool for budgeting and forecasting where Profit & Loss, Balance Sheet and Cash Flow statements are fully integrated. SIM enables management to simulate business scenarios and immediately see the financial impact. SIM delivers a wide selection of standard reports, graphical charts and features seamless integration with Profitbase Studio and WebPlan.
Profitbase SIM is an integral component of the Profitbase suite providing financial planning capabilities that include budgeting, rolling forecast, best and worst case sensitivity, support for multiple currencies, cash flow analysis, global adjustment, inter-company transactions and dozens of standard trend and tabular reports.
The simulation panel lets you run any number of business scenarios in parallel. Profitbase SIM contains specific scenario settings in each business process. The simulation panel allows you to compose any combination of scenarios to build the complete ledger derived from those specific assumptions.
Dual Distribution across months
All transactions in Profitbase SIM contain separate distributions across months for cash (invoice period) and Profit & Loss. This allows for easy cash reporting both at an aggregated level and for single transactions.
Direct intercompany links
Detailed reports are accessible either from the dashboard or from a report menu. Intercompany transactions can be linked directly between departments or companies in the organization structure. These are automatically eliminated at the correct level during simulation.
Cost- and revenue transactions from other sources (excel etc.) can be imported either directly in the input sheet or at a more aggregated level to allow for generation of transactions in other tools when needed.
Defaults and overrides
Settings are made at an aggregated level in SIM and thus apply to a large part of the organisation. These can however be overridden either at a lower level in the organization or at the transaction level where needed.
Different scenarios may be reported in relation to each other to create a prediction interval. You may combine any three simulated scenarios to form the appropriate interval according to the selected settings.