Once your next year’s forecast is completed, traditional variance reporting (budget vs. actual) is just the beginning for most organizations upon which appropriate management decisions can be based. Unlike other BI solutions, HCG Software’s fully integrated flexible budget solution allows administrators and managers alike to:

• Compare the standard base budget with a weekly, monthly, quarterly or yearly flexible budget based on actual volumes and work loads.

• Recalculates the flexible budget automatically within minutes after GL close

• Fully automated and integrated – no rekeying of numbers …ever!

• Report actual vs. base budget vs. flexible budget by manager, business unit, department and account.

• Categorize simple fixed budget cost variance into volume, rate, and efficiency variances.

• Development of client-defined what-if scenarios via the Global Assumptions Module.

Recognizing that prudent management should not be based upon a single month's variance analysis, the HCG Software approach incorporates multiple variance trending reports as well as rolling period trend reporting. These reports are useful supplements to monthly and year-to-date variance reports, particularly with respect to core staffing decisions.

In essense, utilizing HCG Software’s methodology for flexible budgeting eliminates “false” variances, thus the budget assumes a far greater level of integrity.

And because the Prevision software application is the only enterprise level BI/BPM software on the market that integrates Microsoft Excel with a SQL Server relational database, our clients can track multiple versions of the financial, payroll, labor, and capital budgets with multiple versions of the flexible budget.