Budgeting & Forecasting

Providing budgeting and forecasting software solutions in order to aid auditability.

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Providing reliable budgeting and forecasting solutions

BDI finds that many organisations manage their budgeting through spreadsheets. While this is a simple solution, spreadsheets are hard to maintain and are often prone to errors. Spreadsheets are also hard to use for in-year reporting.

Through BDI’s help, your organisation can introduce budgeting and forecasting technologies in order to help produce more accurate and manageable budgeting data. As a matter of fact, modern BI tools can be used by any organisation to refine your budgeting systems.

For example, using an online tool that extends the limited functionality of SunSystems, BDI can introduce project and multi-year budgets to support your business’ finances. The tool also provides functional improvements, allowing online amendments and rephasing with approval workflow, ensuring auditability.

The budgeting & forecasting service process

1. Business modelling

One of our experts will be personally appointed to your business so we can create easy-to-understand models of the parts of your organisation. For example, identifying your dependencies and assumptions allows you to budget and forecast accurately. You’ll also be able to create ‘what if’ scenarios to model potential changes to your organisation.

2. Engaging budget owners

It’s critical that budget owners are engaged at an early stage, because they are expected to submit returns and estimate future performance and needs. Using modern BI tools creates a co-operative and informative process for budgeting, as a result of reaching out to the different parts of your business.

3. Picking the right tool

There are many budgeting and forecasting tools on the market. With this in mind, BDI will work with you to pick the tool that offers the best value for your organisation and meets your needs. We can also help obtain this tool at the best possible price, without compromising the service.

4. Implementing, training, and going live

Your assigned expert will help you build the model and train all users in how to use it. They’ll then roll the tool out, monitoring its performance and usefulness against your business objectives.

5. Review

Once a couple of budgeting and forecasting cycles have passed, BDI will review the effectiveness of the solution. We’ll also make any recommendations for any improvements required, ensuring you get the best results for your objectives.

1. Business modelling

One of our experts will be personally appointed to your business so we can create easy-to-understand models of the parts of your organisation. For example, identifying your dependencies and assumptions allows you to budget and forecast accurately. You’ll also be able to create ‘what if’ scenarios to model potential changes to your organisation.

3. Picking the right tool

There are many budgeting and forecasting tools on the market. With this in mind, BDI will work with you to pick the tool that offers the best value for your organisation and meets your needs. We can also help obtain this tool at the best possible price, without compromising the service.

5. Review

Once a couple of budgeting and forecasting cycles have passed, BDI will review the effectiveness of the solution. We’ll also make any recommendations for any improvements required, ensuring you get the best results for your objectives.

2. Engaging budget owners

It’s critical that budget owners are engaged at an early stage, because they are expected to submit returns and estimate future performance and needs. Using modern BI tools creates a co-operative and informative process for budgeting, as a result of reaching out to the different parts of your business.

4. Implementing, training, and going live

Your assigned expert will help you build the model and train all users in how to use it. They’ll then roll the tool out, monitoring its performance and usefulness against your business objectives.

Budgeting and forecasting service outcomes for your organisation

We promise business-focused and value-for-money results from our budget and forecasting service.

  • Fully-working business model

    As a result of implementing a working business model, you'll be able to plan for future events by applying 'what if' scenarios.

  • Implemented software

    When you choose BDI, your assigned business intelligent expert will help you to select and implement the best software for your organisation's needs. Whether it's with one of our partners or not, we'll make sure we find the solution that works for you.

  • Trained end users

    From budget owners through to more general employees, we'll train your organisation's staff so that anyone will be able to use the reporting tools and make intelligent business decisions.

Proud to be a Sharperlight partner

Sharperlight is a highly-flexible and low maintenance business intelligence and enterprise reporting platform. BDI is therefore proud to work with Sharperlight as one of our options for our Budgeting & Finance customers.

A key benefit of Sharperlight is its out-of-the-box reporting tools which help users quickly generate important reports. These reports can be generated online or in Excel, therefore allowing maximum user customisation.

Tailored support for your organisation's needs

Our Budgeting and Finance pack provides templates for generating, populating, and approving annual budgets. BDI also offers a number of configurable elements for further enhancing the budgeting process.

Approved budgets, including multiple scenarios and versions, are stored either within the SunSystems framework or natively within our product. Budget holders can remotely refine budgets to better reflect reality, with all changes requiring full approval via our workflow process.

Looking at actual spending alongside refined budgets provides powerful forecasting capabilities beyond existing tools. Full auditability is also included as standard.

The Budgeting & Forecasting reports contained within our Data Analysis packs fully support this module, and provides ready-to-go remote reporting solutions alongside Excel.

Image of a business man using his phone conducting budgeting and forecasting, courtesy of BDI.

BDI's other services

Data Analysis & Reporting

We make your organisation's data more accessible, allowing you to generate reports across all your systems.

Budgeting & Forecasting

BDI can help to identify and implement the most appropriate budgeting and forecasting tools for your organisation.

Business Systems Review

Always business-led, we will work with you to improve your business performance and get better value from your systems.

Ready to start?

Our team of data intelligence experts are ready and waiting to work with your organisation