By Jirav
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Budgeting
Uses collected data to assist organizations in understanding what they can afford now, and in years to come.
Forecasting
Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.
Planning
Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.
Data Visualization
Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.
Data Analysis
Scours data for actionable insights.
Custom Reporting
Allows users to customize their own reports according to business needs.
Reporting Templates
Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.
Collaboration
Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.
Version Control
Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance.
Real-Time Data Updates
Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.
Scorecards
Displays and shares company performance data to increase transparency across the board.
Data Import
Import trial balance, monthly P&L, balance sheets, and other types of financial data
Budget Hierarchies
Define budget structure elements and how they are linked hierarchically
Versioning
Keeps track of all versions of a budget and allows users to compare versions
Formulas
Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues
What-If
Test the potential financial impact of business decisions on revenues and expenses
Budget Periods
Users can customize standard budget periods (3, 9, or 12 months)
Consolidation
Consolidate multiple budgets from different departments or business entities
Adjustments
Users with administrative access rights can modify budgets
Historical Data
Forecasting is based on past transactions and historical financial or operational data
Reforecast
Ability to recreate forecasts to include new information that may impact budgets
Forecast Types
Support multiple types of forecasts such as balance sheet and cash flow forecasts
Rolling Forecasts
Used to review and update budgeting assumptions for a predefined period (usually one year)
AI
Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns
Variance Analysis
Project out as the year progresses to accommodate trends that affect key business drivers.
Forecasts Comparison
compare Income Statement, Balance Sheet, and Cash Flow for multiple periods
Forward Looking
Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data
Reports
Generate cash flow reports in order to see where money is coming in and where it's going
Forecast Comparison
Compare Income Statement, Balance Sheet, and Cash Flow for multiple periods
Financial information can be imported from multiple sources such as spreadsheets, text files, or databases
Data Consolidation
Data from multiple systems can be centralized into a single repository
Data Validation
Financial data can be validated to avoid duplicates and errors
Reporting Hierarchy
Administrators can define and manage the reporting structure and access rights to each report
Report Templates
Templates that can be used to create new reports without starting from scratch
Report Types
Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date
Standard KPIs
Include most common financial KPIs such as gross and net profit margin, or working capital
Standard Reports
Standard financial reports are provided out of the box
Financial Statements
Ability to analyze financial statements such as income statement and balance sheet
Dashboards
Dashboards can be customized to display different types of data from various sources
Custom KPIs
Users can modify standard financial KPIs and metrics
Custom Reports
Allow users to edit reports and to combine multiple reports
Self Service
A dedicated portal for external users with limited access to the system
File Exports
Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis.
Income and Expenses
Add one-time or recurring items to your cash flow and add line items for each payment or deposit.
Track Cash Flow
Check your cash on hand at the beginning of each month and view each day incoming and outgoing funds.
Cash flow forecasting is based on past transactions and historical financial or operational data
Uses AI algorithms and models to predict future cash flow trends and outcomes, based on historical data and patterns
Data Exchange
Streamlines the exchange of information between internal systems
Reporting
Automatically extracts data required for cash forecasting and liquity reporting
Access
Restricts access to certain users within an organization, or provides access for third parties
Integration
Integrates with other financial software, such as Treasury Management, Budgeting & Foreasting, or Invoice Management software
Extended Planning
Analysis that creates business plans outside of finance, including sales, marketing, or HR.
Reports on departmental KPI metrics measured against targets.
Consolidates planning processes across an organization into a single solution.
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Decision Making
Makes informed choices based on available data and objectives
Natural Language Interaction
Engages in human-like conversation for task delegation
Cross-system Integration
Works across multiple software systems or databases