As a Financial Controller, you might love Excel. But simply using spreadsheets for the creation of your budget or forecast has significant consequences.
Does this sound familiar?
- Budget figures stored on numerous spreadsheets with no version of the truth
- No real time data
- Spending time in meetings validating the budget figures rather than on analysis
- What-if scenario planning being a painful and lengthy process
- Frustration with broken links and incorrect Excel formulas
- No audit of who did what and when
- Finance team wasting time on repetitive non-value adding work
- Multiple budget contributors with no coherent process
- Consolidation of departmental and divisional budgets a time consuming and error prone process
- Knowledge of Excel models confined to a single person
With the right solution, you can improve the quality, efficiency and effectiveness of the budget cycle leaving you with more time to perform the critical role of shaping future business decisions.
The benefits of moving away from Excel and towards a modern solution include:
- Seamless integration of financial and operational data
- Streamlined planning cycles
- Confidence in your numbers
- Process management and version control
inlumi can help enable an informed decision on adopting the right technology to meet the needs of your organisation. Contact us.