What is Anaplan Budgeting & Forecasting?

Understanding Anaplan Budgeting & Forecasting

In the current scenario, finance is expected to do more with less, producing vital detail with fewer errors and in less time. It would help if you had speed, structure, collaboration, consistency, and accuracy in your financial planning process to accomplish this.

This platform enables companies to move away from traditional, spreadsheet-based budgeting processes that are often cumbersome, prone to errors, and lack real-time collaboration. Anaplan's budgeting & forecasting empowers companies to seamlessly link and devise user-friendly formulas and plans incorporating both operational and financial drivers, scaling this capability across the entirety of your enterprise.

Anaplan Budgeting & Forecasting offers several advantages:

• Reduce cycle effort and time of planning, forecasting, and budgeting.
• Take control and own the process, eliminating dependence on IT and spreadsheets.
• Develop an in-depth strategy by fostering collaboration among sales, finance, HR, and operations to create interconnected plans.
• Boost accuracy and target achievement with driver-based models, real-time calculations, and automatic rollup across plans and reports.
• Enhance plan accuracy through extensive collaboration and active involvement at key impact points.
• Effortlessly synchronize the strategic plan, corporate strategy, annual budget, and periodic forecasts using a blend of top-down and bottom-up approaches.

Overall, Anaplan Budgeting & Forecasting streamlines the budgeting process, enhances team collaboration, and provides a more dynamic and data-driven approach to budget creation and management.