Budget Planning Application

  • Practice
  • Team

1 business expert/project manager, 1 senior consultant

  • Technical environment
Simulation capability
volume, price, and cost scenarios
Version comparisons
compare different budget versions
One reliable source
for budget targets
CHALLENGES
  • New leadership team: The Head of Controlling (CDG) and CIO wanted to move away from Excel for budget planning.

  • Urgent short-term need: Creation of a Zero-Based Budget focusing on pricing discounts and margins on variable costs derived from assumptions and indicators.

  • Strict timeline: Only 6 weeks to deliver.

  • Technical environment: Client’s EPM solution, Essbase 21, is used for reporting purposes.
SOLUTION
  • Requirement framing phase: Conducted to ensure clear and mature needs, enabling the commitment to deliver the targeted solution within the required timeline.

  • Agile collaboration: Delivered over 3 sprints, covering the following budgetary stages:

1.Gross revenue and activity levels.

2.Net revenue and margin on variable costs.

  • Leveraging existing application features: Capitalized on pre-existing application components to accelerate development.
BENEFITS
  • Simulation capability: Enabling simulations of volume, price, and cost scenarios.

  • Simplified version comparisons: Easily compare different budget versions.

  • A single version of the truth: Ensuring one reliable source for budget targets.

  • On-time, on-budget delivery: Objectives were successfully achieved within constraints.

  • Enhanced forecast and EBIT capabilities: A strong desire to industrialize budget forecasting and profitability analysis further.