Budgeting and Forecasting
Reliable forecasting and cash flow monitoring
A well-structured budget enables reliable forecasting and cashflow monitoring, which constitute a strong basis for growth.
High-quality financial planning lay the foundation for long-term strategic planning
Within rapidly growing business environments, agile planning can produce reporting that enable the management to quickly react to both challenges and opportunities
Planning accuracy can be seen as the most important KPI for budgeting and forecasting, providing the management with the most realistic insight into the business’s current state.
The company’s financial goals are set by preparing a performance-based budget consisting of partial and full budgets. The budget also works as the company’s monetary action plan. The implementation of the budget is tracked, and if differences in budgeting arise, actions are taken accordingly. Key Performance Indicators support performance planning and tracking by monitoring liquidity, profitability and solvency. The forecasting and budgeting process can be performed using various methods. The most common is to prepare a fixed annual budget and follow up actuals.
When planning the business operations of start-ups and businesses in the transformation phase, a fixed annual budget can be followed up in the background but following up actuals is done a by rolling forecast for a predictable time frame. Especially in transformation phases such as acquisitions and financial transformations, planning methods resulting in two or more scenarios can be applied to receive more accurate forecasts in the face of uncertainty.
Staria BI & Planning tool for Budgeting and Forecasting
Budgeting and forecasting activities are no longer a responsibility of the finance department alone when the overall network can be engaged in the planning process through an easy-to-use interface. The flexible Staria BI & Planning solution supports varied planning processes for example, payroll, sales, production and cost budgets can be prepared effortlessly. BI solutions are easily integrated into other software environments to enable the most accurate overall view and the relevant tools needed for transformations.
Data-based resourcing increases Castrén & Snellman’s client and employee satisfaction
At Castrén & Snellman, Staria's BI & Planning solution combines complex data into an easy-to-understand format and helps employees in everyday work, when e.g. reporting is smooth and project managers have visibility into the team's resourcing. The solution has helped to achieve better customer and employee satisfaction.
Strong expertise - Meet Staria's professionals
Staria's team of +20 professionals is ready to help your company with budgeting and forecasting related matters. Our experts are e.g.
Head of Product Management, BI & Planning
Mikko is a management reporting professional who combines financial and technology expertise with a drive to make finance experts' lives easier day by day. At Staria, Mikko is responsible for our Business Intelligence and Planning Solutions product and service offering.
Senior Financial Consultant
Tuomas has been handling operative management duties at several companies. He has the skill to identify pain points in business operations, and his wide management experience enables him to find solutions.