The Futura Plan is a software solution designed to planning and budgeting the resources of medium and large organizations.
It’s easy to use and significantly reduces the time for building a consolidated plan.
Planning and budgeting
In most organization planning and budgeting is based on the traditional principle using Excel tables. Employees get an Excel file to fill in and return the controller. When individual plans are aligned, they need to be consolidated into one master plan. This kind of planning principle lasts long and when everything is matched, the plans are already outdated.
The Futura Plan is a software solution that simplifies and accelerates the planning process.
Budgeting
annual revenues and expenses planning
Planning
the planning process of a particular segment eg. Sales Planning
Forecesting (Predictions)
quarterly, monthly, weekly or daily revenues and costs planning
Plans Consolidation (SSOT)
Planning and budgeting is a process that lasts for several months. Employees spend time on many versions of Excel files. Often you do not know what the latest version is. There is no central data store. After delivery of all plans, they need to be consolidated in the master plan. The consolidation process is troublesome and there are many problems: incorrect and incomplete tables, incorrect formulas, waiting for individuals to plan, manual overwriting, etc. All these activities unnecessarily spend more time for control. And when a master plan is made, there are usually changes that again require repeating the entire process.
Futura Plan enables the creation of a central data model that is sent to all employees involved in the planning process. Any changes are noted, and the plans are automatically consolidated. That means that the consolidation process is automated. Do you imagine that the time needed for planning can be reduced by 70%? This is a key step in saving time, and this time we can invest in something more productive.
Planning of all departments
Since the planning and budgeting process lasts for a long time, organizations do not have time to develop related plans. Futura Plan creates a plan template for all departments and create a traceability model for completing plans. Create a sales plan based on which you will make a procurement plan (and / or production) based on which we can plan the staff and costs of other departments. When you have all of the above plans you can create an income statement plan and a balance sheet. Generally, the main idea of holistic planning is to make business decisions based on plan and comparing with the plan, not last year’s results. In this step, we have included and linked all departments in the organization.
Active planning
The traditional way of planning and budgeting takes a long time. When the plans are aligned, the market situation and the overall planning process often need to be repeated. Futura Plan </ strong> allows you to create monthly base planning.
The active planning method (rolling forecast) and budgeting is done on a monthly basis with new data in the current financial year. In this step we have introduced more frequent planning and we have more accurate forecasts based on which we can make better decisions.
“The process of creating a budget takes management away from its short-term, day-to-day management of a business and forces it to think longer-term. This is the chief goal of budgeting, even if management does not succeed in meeting its goals as outlined in the budget – at least it is thinking about the company’s competitive and financial position and how to improve it.”
Steven Bragg