Forecasting, Actual reporting and Budgeting ( FAB), can be a major factor in a company’s success or failure. Yet, the annual budgeting process for most companies is hardly ideal. It usually involves investing a great deal of time in coordinating with line-of-business managers who typically see little benefit in the effort because the result is usually an outdated budget that has little practical effect on their business.
However, with the Three Cube Performance Management solution - FABatics, leading companies are now automating these critical processes, creating more useful plans, budgets and forecasts, and getting faster reports and data to fuel the “what is” and “what if” scenarios and dynamic plans that organizations need to compete in today’s unpredictable markets.
Salient FeaturesCreate simple to complex business models that support budgeting and forecasting across business units
It also opens up exciting, modern possibilities such as global teams, home working and real-time collaboration. The idea of sitting in front of a single computer and working in a fixed location is a thing of the past with web-based applications.
Create, compare and evaluate business scenarios from the top down to the individual level (e.g., by cost center, product, sales channel, customer, or whatever factors drive your business)
Conduct variance analysis with current actual data to assess performance
Examine alternate scenarios and the potential results of changes in plans or forecasts
Share reports and dashboards to encourage participation across the organization
Powerful reporting Dash boards - FABatics has a customisable CFO and CEO Dash boards to monitor the business performance and also various operational metrics and Key ratios.
Simple, Reliable and Inclusive Planning, Budgeting, Forecasting and Reporting Tool
Faster Turn Around time
Multi Scenario Analysis enabling faster decision making
