Top 10 Budgeting and Forecasting Solution Companies - 2018
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Top 10 Budgeting and Forecasting Solution Companies - 2018

Like clockwork, the business budgeting and forecasting processes come along every year, and CFOs and budget managers struggle through it. Data collection is one of the most taxing activities that plague organizations, leaving lesser time for the actual planning, which is reflected in the productivity and accuracy of their budgets and forecasts.

Today’s businesses want to be agile—relying on predictions made months prior is not likely to help organizations reach their goals. Alongside this, many financial leaders are coming to the realization that they can improve the efficiency of what they do by upgrading the solutions they use for budgeting and forecasting. To that end, there has been an ongoing innovation in the applications and tools that budget managers use, in order to address the various business demands that the future brings. These include dynamic cloud solutions, device-agnostic mobility enablement, integration with real-time analytics, and predictive models. The market for cloud-based planning tools is growing because of its lower cost of ownership. This has enabled even middle-market companies to afford and deploy these sophisticated budgeting and forecasting processes.

Corporate budgeting and planning is a method that pierces through the whole organization. So, businesses are required to connect various dots in the commerce so that any change in one facet will without delay flow into its forecasts. Therefore, it is now significant for enterprises that changes flow effortlessly in real-time and that changing assumptions be tested and accessed as per requirement. Moreover, corporate planning in the present times should always be real-time and readily modifiable for the finance user.

Furthermore, deep-dive analytics, machine learning, and other statistical means are now being employed to remove biases in forecasts or cases of excessive optimism. By following the method, variances will be on acceptable levels, and efforts are not needlessly duplicated. Besides, for a business to be agile, it is vital and trendy to execute multiple scenario analysis. Decisions taken by decision-makers or managers must be backed by constant, real-time forecasts and through a presentation of multiple scenario analysis. Also, given the high level of ambiguity that exists in the market today, organizations need to consider alternative outcomes and its effect on the business so that the dangers are spotted early on in the horizon and decisions are as strategic as achievable.

The ability to harness all of the potentials is how forward-thinking CFOs can thrive. In addition, assessing where they can add value to the organization so that these technologies act as a bridge between the old approaches of doing things and one that is more streamlined, collaborative, and most importantly, accurate is what will make them get to their budgeting goals faster.

In response to such needs and demands, CFO Tech Outlook editorial team, guided by industry veterans and analysts, has reviewed many firms in the budgeting and forecasting landscape and shortlisted the ones that are at the forefront of tackling the industry challenges. The listing provides a comprehensive overview of their promising software and the ways in which it can help the businesses.

We present to you CFO Tech Outlook’s “Top 10 Budgeting and Forecasting Solution Providers - 2018.”

Top Budgeting and Forecasting Companies

Since 1988, 3C Software has focused solely on developing cost accounting and profitability systems for end-users and business leaders that integrates with existing systems handles multiple cost scenarios simultaneously, allows for unlimited detail elements, and includes security and audit functionality. The solutions offered by 3C Software include enterprise cost management, profitability analytics, business analytics, cost accounting, and management. Whether an organization’s goal is to implement a fundamental period-end cost accounting system or a future-looking scenario analysis tool, ImpactECS from 3C Software delivers meaningful, accurate, timely and actionable data to business leaders in manufacturing, distribution and services industries

www.3csoftware.com

InVizion enables companies to quickly combine project data from disconnected enterprise systems – like finance, supply chain, asset and project management applications – for accurate planning, forecasting, reporting & what-if analysis to reduce portfolio costs, minimize investment risks and speed project execution. The enterprise specializes in capital planning, program management, portfolio management, variance reporting, variance analysis, what-if analysis, decision support, and collaborative planning. The enterprise’s certified experts have advanced knowledge in InVizion as well as project portfolio management to ensure rapid and successful deployment of the solutions. InVision’s services are customized to fit client needs and can include gap analysis, user acceptance, implementation, integration options, etc

invizionllc.com

PARIS Technologies develops and delivers software solutions that provide the highest levels of connectivity, collaboration, and governance—connectivity across database systems; collaboration among users with their tool of choice (Excel, BI products, web, mobile); governance of secure, single-source, non-proprietary data models. For over 20 years, the enterprise has worked with customers around the world to implement exceptional Planning, Analytics, Reporting Information Systems—the PARIS acronym. The enterprise’s solutions lead to unprecedented gains in productivity, transforming data into actionable knowledge, and providing critical insights to crucial staff up to the C-suite. Additionally, the enterprise’s products are graceful, powerful and robust, and make business intelligence dynamically available in the tools people prefer to use; they also ensure that organizations can focus ahead so that planning and managing for the future is dynamic, aligned and instantaneous

paristech.com

Adaptive Insights

Adaptive Insights

Adaptive Insights, a Workday company, is powering a new generation of business planning. Driving business agility in a fast-moving world, Adaptive Insights Business Planning Cloud leads the way for people in companies to collaborate, gain insights, and make smarter decisions faster. The enterprise’s business planning cloud enables a comprehensive set of cloud-based software solutions supported by a powerful, in-memory technology platform that enables functional and company-wide business planning and built-in analytics at a very large scale. Today, Adaptive Insights offers purpose-built solutions for finance; workforce, sales, and operational planning that allow those closest to the business to plan

BOARD International

BOARD International

Board International is a global software vendor leading the way in business intelligence (BI), analytics, and CPM unification. Founded in 1994, Board has enabled over 3000 companies worldwide to improve the effectiveness of their management decision-making processes, unifying BI, Business Analytics and CPM in a single integrated environment. Board provides a seamless solution for the support, control, and management of core processes such as reporting and analyses, budgeting, planning, forecasting, profitability modeling and optimization, simulation and what-if analysis, score carding, financial consolidation, statutory and financial reporting, monitoring and auditing. Credits to its programming-free toolkit approach, global enterprises like Acer, DHL, Desigual, Mitsubishi, NEC, and Puma rapidly deployed BI and CPM applications in a fraction of the time and cost associated with traditional solutions

Centage Corporation

Centage Corporation

Centage Corporation’s Planning Maestro is a cloud-native planning & analytics platform that delivers year-round financial intelligence, transforming how companies budget, forecast, and report performance. Centage provides a level of sophisticated financial intelligence typically only enjoyed by large enterprises, at a price point accessible for small and medium-sized companies. With a direct line-of-sight into the organization’s financial health, Centage’s clients can make faster decisions, react quickly to market changes and capitalize swiftly on new opportunities. The enterprise serves over 10,000 users worldwide

Datapartner

Datapartner

DataPartner is a global provider of software products for capital budgeting, financial modeling, and valuation. The enterprise also offers consulting services and training. Since the beginning, DataPartner’s focus has been on consulting and development of dedicated software for financial modeling. Currently, the business is experiencing fast growth on a global level, serving companies and corporations from all industries in over 55 countries. DataPartner’s primary programming environments are Microsoft Office and Office SharePoint Server. The business follows the latest legislation and trends and keeps on introducing new features to its software and new language versions

Float

Float

Float is an operational cash flow forecasting add-on for Xero, Quickbooks Online, and FreeAgent. Forecasting in Float is visual, accurate, and intuitive, taking a fraction of the time compared to spreadsheets. The enterprise’s platform provides all information on bills, invoices, and bank transactions and combines them with the client’s projections to provide them with a forecast the user can rely on. The key features include-'What-if’ scenario planning tool, weekly, fortnightly, monthly, quarterly, and annually budgeting options, budget vs. actuals, bill and invoice manager, and export to PDF & CSV

Host Analytics

Host Analytics

Host Analytics is the leading provider of scalable, cloud-based enterprise performance management (EPM) solutions. The enterprise helps finance teams automate their financial planning, consolidation, and reporting so they can get more done faster, make fewer mistakes, have more time to do value-added analysis, and drive alignment across the organization. The result is an organization that adapts quickly, stays aligned, and ahead of the competition. The solution that Host Analytics offers are: EPM, cloud, enterprise performance management, budgeting, planning and forecasting, financial consolidation and reporting, financial reporting and analysis, close and disclose, performance management, financial modeling, financial planning, consolidation and reporting, corporate performance management, cloud financial close

Solver

Solver

Solver is the provider of the leading Corporate Performance Management (CPM) solution for today’s mid-market enterprise, and the company is at the forefront of CPM technology with deep ERP integrations. Solver’s BI360 is a cloud solution with an option for an on-premise deployment, and it offers powerful and intuitive modules for reporting, consolidations, budgeting, forecasting, and data warehousing. Solver specializes in providing financial reporting, budgeting, and analysis with push-button access to all data sources that drive company-wide profitability