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XLerant’s flagship business performance software, called BudgetPak, is unique in the way it replaces traditional budget templates & spreadsheet commands with plain English prompts and selections – making it easy for everyone to use. Improved collaboration, greater ownership of the numbers and increased transparency enable CFOs to better manage the business.
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© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 1
BudgetPak… the future of budgeting
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 2
What we see
FinanceFinanceDepartmentDepartment
DepartmentDepartmentHeadHead
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 3
Result: Result: Time, Tedious, Rework, Backup lost in shadow spreadsheets…
… and not always the best budget
What we see
• Time consuming and stressfulTime consuming and stressful
• Mechanics of consolidating budgets “works” but underlying Mechanics of consolidating budgets “works” but underlying quality of data is suspectquality of data is suspect
• Finance team - the excel “black belts” called in to helpFinance team - the excel “black belts” called in to help
• Deadlines forgotten or ignoredDeadlines forgotten or ignored
• Inconsistent quality of submissionsInconsistent quality of submissions
• Hard to get the story behind the numbersHard to get the story behind the numbers
• Stuck explaining timing variances all year longStuck explaining timing variances all year long
• Hard to identify “surgical cuts” so everyone gets cut X%Hard to identify “surgical cuts” so everyone gets cut X%
• Omissions & miscalculationsOmissions & miscalculations
• Offline spreadsheets need to be mapped to budget templateOffline spreadsheets need to be mapped to budget template
• Miscommunication/ Misunderstandings = ReworkMiscommunication/ Misunderstandings = Rework
FinanceFinanceDepartmentDepartment
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 4
Result: Result: Time, Frustration, Lack of Buy-In and Understanding…
… and not always the best budget
What we see
DepartmentDepartmentHeadHead
• Time consuming and stressfulTime consuming and stressful
• Dislike the process … “pulling teeth”Dislike the process … “pulling teeth”
• Hard to use budget tools – yellow belts in ExcelHard to use budget tools – yellow belts in Excel
• Often need help from FinanceOften need help from Finance
• Should have backup supporting detailShould have backup supporting detail
• Never had “Budgeting 101”Never had “Budgeting 101”
• Managers think in terms of projects, campaigns, initiatives, Managers think in terms of projects, campaigns, initiatives, vendors vendors
• Forced to “think like an accountant” – G/L gridForced to “think like an accountant” – G/L grid
• Clarification process is time consumingClarification process is time consuming
• Sometimes hard to defend Sometimes hard to defend
• Errors, misplaced backup, forget to budget a line itemErrors, misplaced backup, forget to budget a line item
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 5
Best Practice Improvement
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 6
Result: Result: Less time and right numbers… … a better budget faster
For Finance
• Automate the process (to make it more productive)Automate the process (to make it more productive)
• Robust reporting “out of the box”Robust reporting “out of the box”
• Departments do it themselves (and do it right)Departments do it themselves (and do it right)
• Give them the right tools – self serve in controlled environmentGive them the right tools – self serve in controlled environment
• Air tight approval workflow, roll ups & audit trailAir tight approval workflow, roll ups & audit trail
• Easy access to the story behind the numbers: Foglifting reportsEasy access to the story behind the numbers: Foglifting reports
• Integration with other systems (easy interchange of data)Integration with other systems (easy interchange of data)
• Eliminate common errors and omissionsEliminate common errors and omissions
• One version of the truthOne version of the truth
FinanceFinanceDepartmentDepartment
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 7
Result: Result: Less time, easier to defend, fewer calls…
… A better budget faster
DepartmentDepartmentHeadHead
• Simple: Answer questions, respond to promptsSimple: Answer questions, respond to prompts
• Intuitive and personalizedIntuitive and personalized
• A system that thinks in business termsA system that thinks in business terms
• Automatically do the financial work for meAutomatically do the financial work for me
• Show me the impact of my budget decisionsShow me the impact of my budget decisions
• Allow me to make changes easilyAllow me to make changes easily
For Managers
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 8
XLerant’s Key Differentiation
User User InterfaceInterface
Rapid Rapid ImplementationImplementation
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 9
XLerant’s Differentiation
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 10
• Founders managed Financial Planning & Analysis (Pepsi, Kraft Foods, Reader’s Digest)
• Authored Value Planning (J. Wiley & Sons, 2000)• Awarded Accounting Software of the Year (by CT
Tech Council)• 100% Referenceable clients
XLerant, Inc.
© 2008 XLerant, Inc., All rights reserved. Privileged and confidential information of XLerant, Inc. www.XLerant.com| 11
Christopher W. Nielson
700 Canal Street
Stamford, CT 06902
(P) 203 328 3787
www.XLerant.com
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