CorVu Budgeting, forecasting and planning

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CorVuBudgeting, forecasting and planning
Sapphire Systems User Day
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Key Questions?

• Does your budgeting process take too long and is
  the consolidation process fast and accurate?
• Can your budget adapt to changing business
  circumstances, new priorities or a new strategic
  initiative?
• Can budget owners progressively track their
  budget variances themselves?
• Can budget owners create alternative scenarios
  (e.g. business-as-usual, optimistic, pessimistic)
  and perform what-if analysis for key business
  variables?

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Your current solution?
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Your current solution?
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The problem with spreadsheets

• Spreadsheets are cumbersome to change when a
  budget revision is required
• Not designed to process volumes of data
• Poor security
• Prone to errors ? uncertainty
• Lack of integration with other systems
• Inflexible reporting

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The problem with spreadsheets
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Who needs it?

• Organisations who recognise that the planning and
  consolidation process
• Is too inflexible
• Takes too long
• Is too expensive ? effort ? result
• Is completed by siloed Departments who dont
  communicate with the organisation - minimal
  buy-in.
• Decentralised budgeting process
• Relies on maintaining Excel with all its inherent
  problems
• High level of re-keying ? 80/20 rule
  (input/analysis)
• Poor visibility of the data

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CorVu and SunSystems
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Benefits of CorPlanning

• Web-based solution
• Can be integrated to SunSystems
• Minimises budgetary error by reducing data entry
  and eliminating the Excel Factor and complex
  macros
• Requires minimal end-user training
• Enables sharing of information leading to more
  focused management decisions centralised
  database
• Automatic update to PL, Balance Sheet and Cash
  Flow data
• Encourages Budget Manager accountability and
  ownership

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The planning process...
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Benefits of CorPlanning

• Maximise participation, collaboration, and
  ownership in a centralized process
• Quickly react to market, competitive, and
  organizational changes
• Reverse the typical 80/20 input/analysis ratio
  for the budgeting and planning process
• Reduce cost to manage budgeting and planning
  processes
• Analyse the business impact of hypothetical
  scenarios in real time
• Accelerate the budgeting, planning, and
  forecasting
• Manage workflow by monitoring status of updates
  and notifying users of outstanding tasks

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What next?

• Next budgeting round?
• Sapphire Webinar in May 2008
• Demonstration of CorVu with integration to
  SunSystems
• Account manager
• Discuss requirements
• Demonstrations
• Rapid start option