Makeen Planning and Budgeting.
Streamline planning and financial cycle durations, enhance forecast precision.
What is Makeen Planning and Budgeting?
Makeen Planning and Budgeting provides an integrated system that streamlines the laborious tasks associated with planning and budgeting. This enables finance teams to swiftly generate budgets and forecasts, simulate hypothetical scenarios, and create reports, all within a unified and adaptable platform. By reducing the need for manual consolidation, problem-solving, reporting, and data input, the finance staff can redirect their efforts from routine data management and formula upkeep towards more impactful strategic analysis activities, ultimately enhancing the company’s financial standing.
Control
Data synchronization with Makeen ERP guarantees the seamless, continuous access to real-time financial and operational information. Minimized dependence on manual data entry and reconciliation processes results in enhanced command and oversight.
Collaboration
In a unified ecosystem, every party involved is linked together, simplifying the process of gathering information. Enhanced accessibility encourages active involvement and responsibility, facilitating the finance department in obtaining valuable insights and fostering interaction with operational managers.
Visibility
Information is consolidated into a singular, universally accepted repository, establishing a unified rendition of data. Any alterations made to numerical values within the system are instantaneously mirrored in reports and dashboards, ensuring constant clarity regarding the present state of the business.
Makeen Planning and
Budgeting Benefits
- Efficient Planning Cycle. Utilizing templates and workflows facilitates swift gathering of inputs and assumptions, reducing the time needed for planning cycles.
- Precision in Data. Seamless integration with makeen ERP guarantees the utilization of upto-date, precise financial and operational information in real-time.
- Organizational Harmony. By bringing all stakeholders into a unified environment, the need for extensive email exchanges and spreadsheet usage is eliminated.
- Enhanced Visibility. Uniform data entry practices and standardized processes ensure that all modifications are meticulously logged and tracked for complete transparency.
- Elevated Forecasting Precision. Regular comparisons and in-depth analysis of actual versus projected outcomes lead to continual refinement of forecasts, enhancing overall accuracy.
Makeen Planning and Budgeting Features
Makeen Planning and Budgeting revolutionizes how organizations approach their financial planning and forecasting tasks. It offers cutting-edge predictive tools, robust reporting functionalities, and advanced scenario planning and modeling features, all within a unified, adaptable platform. This solution promotes seamless collaboration and scalability, empowering businesses to streamline and enhance their budgeting processes.
Budgeting and Forecasting
Streamline monotonous organization-wide and department-specific budgeting procedures. Utilize pre-established workflows incorporating industry-standard methods to efficiently monitor the advancement of tasks, including evaluations and authorizations. Budget templates are automatically filled and revised using data from makeen’s general ledger, accommodating alterations in accounting segments. Generate up-to-the-minute forecasts in a matter of minutes—grounded in current data from makeen financials—to enable better- informed choices and propel your business towards progress.
Revenue Planning
Harmonize projected income expectations and sales strategies with overarching organizational goals. Develop revenue and sales projections based on key influencing factors for every division, working closely with finance, sales, and service departments. Subsequently, maintain a constant vigil on real-time performance relative to targets, and assess the consequential effects on cash flow and financial statements.
Operational Expense
Facilitate adaptable driver-centric strategizing to link your operational projections with fiscal results. Back a structured planning approach that covers both organizational finance and individual business units.
Progressive Financial Statements
Comprehensive financial statements integration refers to a financial reporting system where the income statement, balance sheet, and cash flow statement are harmoniously linked through a framework rooted in Generally Accepted Accounting Principles (GAAP). These interlinked financial statements offer a fluid representation of how actual financial performance aligns with budgeted projections, and this integration is adaptable to meet specific industry-related customization needs. Furthermore, this system supports both the direct and indirect methods of preparing cash flow statements.
Data Harmonization
The integrated data synchronization feature in Makeen ERP streamlines the process of ensuring data precision and availability. This means that the latest financial and operational information, as well as details regarding account structures and dimensions, are seamlessly incorporated into your plans, budgets, and forecasts without manual intervention.
Dashboards
Effortlessly generate customized dashboards within minutes to showcase both budgetary projections and actual financial data. Makeen’s intuitive drag-and-drop reporting tool empowers finance and business managers with a robust yet user- friendly web-based reporting solution. The system’s secure and collaborative process-oriented approach simplifies the tasks of defining, authoring, reviewing, and disseminating financial and management reports. Additionally, its drill- through capabilities enable the finance team and business managers to delve into detailed numerical analysis, gaining deeper insights into areas such as disparities between budgeted and actual expenses.
Budgeting and Forecasting
Streamline monotonous organization-wide and department-specific budgeting procedures. Utilize pre-established workflows incorporating industry-standard methods to efficiently monitor the advancement of tasks, including evaluations and authorizations. Budget templates are automatically filled and revised using data from makeen’s general ledger, accommodating alterations in accounting segments. Generate up-to-the-minute forecasts in a matter of minutes—grounded in current data from makeen financials—to enable better- informed choices and propel your business towards progress.
Revenue Planning
Harmonize projected income expectations and sales strategies with overarching organizational goals. Develop revenue and sales projections based on key influencing factors for every division, working closely with finance, sales, and service departments. Subsequently, maintain a constant vigil on real-time performance relative to targets, and assess the consequential effects on cash flow and financial statements.
Operational Expense
Facilitate adaptable driver-centric strategizing to link your operational projections with fiscal results. Back a structured planning approach that covers both organizational finance and individual business units.
Progressive Financial Statements
Comprehensive financial statements integration refers to a financial reporting system where the income statement, balance sheet, and cash flow statement are harmoniously linked through a framework rooted in Generally Accepted Accounting Principles (GAAP). These interlinked financial statements offer a fluid representation of how actual financial performance aligns with budgeted projections, and this integration is adaptable to meet specific industry-related customization needs. Furthermore, this system supports both the direct and indirect methods of preparing cash flow statements.
Data Harmonization
The integrated data synchronization feature in Makeen ERP streamlines the process of ensuring data precision and availability. This means that the latest financial and operational information, as well as details regarding account structures and dimensions, are seamlessly incorporated into your plans, budgets, and forecasts without manual intervention.