Products

Flex Budgeting

Once next year's budget forecast is complete, traditional variance reporting (budget vs. actual) is just the baseline for management decisions. Unlike other BI solutions, HCG Software's fully-integrated, flexible budget solution allows administrators and managers to:

Compare the standard base budget with a weekly, monthly, quarterly or yearly flexible budget based on actual volumes and utilization.
Recalculate the flexible budget automatically within minutes after GL close
Avoid ever rekeying numbers because it is fully automated and integrated
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.
Develop 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 reports. These reports are useful supplements to monthly and year-to-date variance reports, particularly with respect to core staffing decisions.

Utilizing HCG Software's methodology for flexible budgeting eliminates "false" variances, thus the budget assumes a far greater level of integrity.

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, and as a result, HCG clients can track multiple versions of the financial, payroll, labor, and capital budgets with multiple versions of the flexible budget.