Budgeting & Forecasting

Does your business need assistance in preparing your annual budget for your business? Whether you have an informal budgeting process or an inconsistent budget process or you have a budget but it isn't utilized in your decision making process then we can implement improvements so your team is setup for success.

Annual budgets are a good starting point and for smaller businesses/non-profits this is sufficient when inflows/outflows are consistent and don't change significantly. However as a business becomes more complex, adding more employees, delegating more decisions, moving inventory and having large variances whether due to seasonality or otherwise annual budgets become outdated quickly and don't accurately reflect the current business environment. Rolling forecasts with ranges of projections are much better in factoring in current actual results so you have a much clearer picture as to where you stand and what changes need to be made. You can't measure what you don't track and you don't want to be caught by surprise come the end of the year.

Are you making decisions without knowing where your actual business results stand? Are you constantly waiting for your accountant/controller to provide results? What good is a budget if you aren't constantly assessing how you are tracking to budget and what is driving variances? We partner with businesses to understand their business to provide comprehensive analysis of your financials so you have the information you need when you need it.

Inventory is a major issue and cash sink for many businesses. Do you have readily available information on your inventory to identify obsolete, what's aging (that needs to be discounted), profitability of each product, automated reorder when inventory is being depleted? Job costing is also a major issue when decisions are being made to determine the timing of the jobs so you don't underquote or are cash tight because of timing issues. Does your team have issues in forecasting sales as many teams do, if you need help improving demand forecasting we can help?

If you are innovating and planning on adding new product lines or incorporating new product lines from an acquisition in a new market there are many factors to consider that can make or break the economic feasibility of the project. Do you need a financial model to assess and evaluate the profitability of these items or do you need an extra outside pair of eyes to challenge and vet assumptions to ensure its not overly aggressive or has extra baked in contingencies? This is where we come in.

Do you lack the visibility you desire on how your budgets and forecasts are trending to actual? Do you want to provide your managers with clean, crisp easy to digest financial information to make decisions without overwhelming them with financial jargon and not releasing sensitive information. Perhaps you need to assess sales trends amongst a number of different product lines to determine where to allocate resources. We can build visualizations for  your specific needs.