In using Enterprise Planning & Budgeting Cloud Service (EPBCS) to support annual budgeting and forecasting processes, organizations are choosing solutions that allow them to leverage the financials, projects, capital and workforce business processes necessary to provide a driver-based solution that links expected intake to revenues and costs. In turn, they are able to more efficiently produce integrated income statements, balance sheets and cash flow statements.
Featuring Jim Clark of Sims Metal Management, Our Special Guest
Our August 16, 2017 webinar, featuring Jim Clark, Group Manager of FP&A at Sims Metal Management, takes a detailed look at how one organization automated enterprise planning to streamline processes and produce better results.
Within a real-world scenario, this means that whether using EPBCS out of the box or as a “hybrid” of OOTB with customized extensions, companies like Sims are able to adjust sales forecasts—throughout the year and through sales cycles—to better match the actual costs and needs in areas such as raw materials and labor.
A Better Approach To Performance Management
Using this integrated approach to Performance Management, companies are, in effect, bringing actual performance numbers, on a monthly basis, into their models.
As a result, changes and adjustments can be fine-tuned and incorporated into the mix. Forecasts can be based more on actual numbers and less on assumptions, thus leading to a balance sheet that matches projections. From a planning perspective, companies can be more nimble and, ultimately, create their models with greater accuracy.
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