The #1 Reason to Deploy an Automated Financial Planning and Control Solution
March 16, 2021
VIDEO — Want to improve your company’s forecasting and budgeting?
An automated financial planning and control solution may be the answer.
The software can seamlessly integrate with an ERP and other legacy applications to provide execs and frontline staff with increased visibility and control over crucial financial data such as actuals. A financial planning and control solution automatically collects data from different departments.
Centralized, real-time access to financial information enables execs to analyze data more closely to make better informed decisions. Finance, operations, HR, and other parts of the business also can collaborate on the information served up by an automated financial planning and control solution.
What’s more, automation improves control over forecasting and budgeting. A plan for corporate spending has little chance of success without a way to control expenses. The budgetary control software that is integrated with some financial planning and control solutions automatically checks for budget availability before a purchase is committed, eliminating the possibility of budget overruns.
Eliminating unexpected spending is critical to tight spend management.
And an automated financial planning and control solution makes that possible.
All this empowers the different parts of the business to own their forecasts and budgets.
If your business wants to improve its forecasting and budgeting, listen to PyanGo’s latest Budget Bites, What are the Stakeholder Benefits of an Automated Financial Planning and Control Solution?”