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Business Planning

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Business Planning inside your company consists of budgeting & forecasting, workflow management, consolidated planning and follow-up with actuals. 

 

Budgetting

Budgeting is a time-consuming, multilayered, and complex process often prone to errors and usually disconnected from the corporate vision and strategy. But it's also one of the most critical steps in planning and controlling day-to-day operations. What sort of formalized process do you use to produce a detailed, yet flexible budget? How well aligned is your current budget with the strategic goals of your organization?

Business & Decision consultants provide expert knowledge for the creation of budgets, sales forecasts, and payroll plans that automatically incorporate data from your long-range strategic plans, source systems, and end users so you can move into action faster to :

  • Align your plans with the strategy and actual results
  • Improve accuracy and accountability
  • Take advantage of built in best practices

 

Forecasting

Forecasting is an essential part of your retail organization's planning process, serving as a bridge between strategic planning and budgeting. But traditional forecasting can be inflexible and time consuming-particularly across multiple divisions, such as merchandising, store, supply chain, and headquarters. Most companies end up with a plan steeped in details-details that change so quickly, the plan is obsolete before anyone even reads it.   To stay competitive, A streamlined forecasting process is essential.  Business & Decision experts propose a process that produces accurate, up-to-date forecasts that reflect the speed of your business.

 

Consolidated Planning

When your business is composed out of several entities with inter-company relations, your budget should reflect this reality.  Therefore, Business & Decisions financial experts, also focus on this aspect of your planning :

  • Inter-company eliminations
  • Translation of foreign currencies
  • Harmonisation of valuation methods
  • Treatment of goodwill
  • Consolidation adjustments