Budgeting and forecasting solution

The OIXIO budgeting and forecasting solution allows you to create and import budgets or forecasts, manage them and approve them using approval circles.

Budgeting and forecasting traditionally takes several months in a medium-sized company. The bigger the company, the more complicated the budget tends to be – sales budget, merchandise budget, then salaries, services, general expenses.

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Creating a budget in Excel can be sufficient, but only until the company’s processes become more complex and the company already has 20-30 employees.

If there are many different products, services, goods and linked files in the budget, then it is quite cumbersome to manage this whole set in Excel.

In addition, there is a big risk that something will start to rattle, or someone will accidentally delete something. Approving budgets with Excel is also cumbersome, especially when input is provided by multiple departments and there is more than one approver.

The budgeting and forecasting solution of the OIXIO management reporting solution allows you to create and import budgets or forecasts, manage them and approve them using approval circles.

Profitability report

Profitability report to compare the results, where the input comes from the budgeting and forecasting solution:

Budgeting solution 2

The budget is a plan for the future, which must always be compared with reality. Therefore, the budget is also an important input to management reporting, so that we have a base against which we compare ourselves.

It is also possible to import budgets prepared in Excel into the budget module. However, it is more convenient to carry out the entire process in the same system and send the budgets for approval there.

The full package of the management reporting solution has all the options for this, and the budget preparation can be based on both previous budgets/forecasts and actual results.

Contact us to get personalized demo and offer for implementing OIXIO budgeting and forecasting solution!

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Donatas Statulevičius

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Compliance and Business Continuity Expert