Driver-based Planning and Cost Modeling

Reduce Errors, Save Time, and Drive Success

To this day financial planning and analysis for most organizations is still dominated by the traditional budgeting approach. Even though this approach has consistently shown to have a high rate of inaccurate assumptions, and requires massive time commitment and tedious manual input, adoption of driver-based financial planning is still elusive for many organizations.

Driver-based planning bases financial forecasts on operational drivers such as units of product, FTEs, customers, deliveries, transactions, and more. It uses mathematical and linked relationships to create budgeting, forecasting and planning models, reducing errors by requiring fewer manual inputs and saving time by using preset calculations based on operational activities.

Unfortunately, most organization still use excel spreadsheets for budgeting, and, depending on the size of the organization, require as much as three or four months of a time commitment devoted to budgeting each year. Based on a recent study an organization spends an average of 20,000 person days a year or $10 million in cost on budgeting per billion dollars in revenue. (Axson, David. The Management Mythbuster. Hoboken, New Jersey: John Wiley and Sons, Inc., 2010). Once so much time is spent on the process, many organizations are faced with a time crunch in regards to analysis.

Forecast the Future with the Power of Integrated Planning

Neubrain's powerful Driver-based Planning and Cost Modeling solution incorporates a best practice methodology that bases financial forecasts on operational drivers. Our solution uses mathematics and linked relationships to create budgeting, forecasting and cost models. It reduces errors by requiring fewer manual inputs and saves time because the calculations are preset and based on operational activities or drivers, such as units of product, customers, installations, deliveries, and transactions

Our Driver-based Planning and Cost Modeling solution uses your key operational drivers and business activities, to model financial data such as revenue projections, headcount, spending, and capital requirements. With our solution, your managers are empowered to do better budgeting and improve the accuracy and decision-making usefulness of rolling forecasts and cost models.

Key Users and Benefits

Our Driver-based Planning and Cost Modeling solution is used by budget and financial analysts, comptrollers, budget chiefs, cost planners, technical staff, and management to rapidly create advanced driver-based and cost modeling applications. It broad usability and appeal helps to connect the knowledge that is typically dispersed throughout an organization, enabling your team members to collaborate on building comprehensive cost models. Instead of relying on pieced-together analysis of a single modeler, our solution allows you to directly involve key individuals in modeling collective intelligence to create reusable cost models that grow and evolve through shared use.

 

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Reduce Errors, Save Time, and Drive Success Reduce Errors, Save Time, and Drive Success