ACTG 6310

Adaptive Planning Budgeting Software

Introduction

• On-demand budgeting and forecasting system• Offers “affordable” – (1 user $3,700) annual

subscriptions• Allows companies to move beyond

spreadsheet-based processes • “Cloud” computing – data is stored off-site

Advantages (Claims by Adaptive Planning)

• Dramatically reduces budgeting and forecasting cycle times – by 90%

• Simplifies and standardizes data collection across the organization

• Decreases errors and improve saccuracy by eliminating broken links and formulas

• Delivers more complete and frequent forecasts, including rolling forecasts

Advantages

• Enables timely and thorough what-if analyses• Allows you to make faster, more informed

decisions• Enhances collaboration with, and ownership

by, department managers• Improves alignment throughout the

organization• Increases the strategic value of finance

Process

• Set up accounts – General Ledger– Modeled– Matrix– Can include nonfinancial as well as financial

• Prepare sheets to enter data– Modeled– Any forms you set up

• Sales• Building mortgage• Purchases

Process

• Prepare reports– Modeled– Ratio analyses

• Create a personal dashboard containing your critical performance measures– Your choice (1-9 measures)– Must be graphed reports