What is Adaptive Planning?
Adaptive Planning makes it easy for companies to improve their financial management and budgeting process. With Adaptive Planning’s centralized, cloud computing solution, you no longer need to send out multiple versions of spreadsheets, manage complex consolidations of data, or worry about departments using the most current version of the budget plan. By eliminating many of the low-level “clerical” tasks associated with spreadsheet-based budgeting and forecasting, your staff iare able to focus on strategic analysis and higher-level business decisions-turning a low-value process into a true competitive differentiator.
Combining Adaptive Planning with NetSuite
NetSuite offers a completely integrated solution that allows your budget to be integrated into NetSuite so actual results are reflected back into the Adaptive Planning module. This allows external manipulation and what if scenarios to be shown easily and quickly and shared throughout your organisation. From Adaptive Planning a seamless mechanism allows the lowest level elements to be tracked back to NetSuite with the transactions easily viewed with one-click.
If you are about to start your annual budgeting cycle, and are tired of wasting time and resources on an inefficient, spreadsheet-based budgeting, forecasting, and reporting model, it’s not too late to make a change. New cloud computing alternatives have purpose-built budgeting and reporting functionality that make them vastly superior to spreadsheets. They’re easy to learn and use, they’re incredibly affordable, and they’re fast to deploy. You can go live in weeks – in time to impact this year’s budgeting process.
In fact, by replacing your spreadsheet-based processes with an automated budgeting, forecasting, and reporting application, you can:
- Reduce budgeting time by 90% – while eliminating errors
- Drive better and faster business decisions based on accurate, real-time data
- Deliver timely and accurate re-forecasts and what-if scenarios
- Improve company-wide participation and alignment
- Optimize corporate performance management
- Increase the strategic value of finance
What are the benefits?
- Complete Set of Planning Components and Financial Statements. Plan Personnel, Expenses, Sales, and Capital. Link elements to create a complete set of dynamic financial statements, including Cash Flow, Balance Sheet, and Income Statement.
- Metrics Extend your plan beyond the Chart of Accounts. Budget and forecast any data required for your model, including operational metrics.
- Automated Consolidation. Automatically consolidate changes at the department level into the corporate plan, eliminating broken links and manual cut and paste exercises.
- Configurable Data Entry Sheets. Provide managers with intuitive, spreadsheet-like data entry sheets that are customized to only show relevant data.
- Multi-dimensional Data Collection Provide users with a simple and intuitive way to plan across multiple dimensions (e.g., product, geography, customer, etc.).
- Dynamic Formulas. Create formulas in any data cell, just like a spreadsheet. Reference data and assumptions from other cells, including financial and operational accounts in other subplans, to create dynamic, driver-based plans. Formulas can be established centrally for easy modification across the model.
- Drill-Down. See where data originated via real-time drill-down capabilities.
- Notations. Add notes to document budgeting and forecasting assumptions. Notes rollup with sheets, so managers with broader responsibilities can see notes from all sub-plans in one place.
- Workflow. Automatically manage the plan submission and approval process. Department managers can submit their completed plans for approval, and their managers can then submit their plans, until the entire version is approved.
- Web-based Access. Perform budgeting, forecasting and reporting from any web browser at any time. No new software, hardware, or IT support is required.
What should I do next?
You can find out more and discuss how we could help improve your financial budgeting and analysis process by contacting us via any of the methods below.
