Forecasting & Budgeting
Forecasting & Budgeting in an organization is instrumental in providing a benchmark and how well the processes in place are working to achieve those targets.
Forecasting & Budgeting are integral parts of the business in planning and organizing for the future. We use our client dashboards and budgeting tools to help you align your future goals with what is necessary to grow and expand. We provide the guidance for organic growth as well as through mergers & acquisitions. When we forecast and budget for organic growth, we capture all aspects such as debt requirements, inflation, and cost of capital while ensuring the proper budgeting process ties to your business. These budgeting techniques are Incremental, Activity-Based, value proposition, and zero-based.
In utilizing these budgeting tools and creating a forecast for the future, you will be able to meet your goals set forth and have a level of comfort in the plan and achieving it. There are instances where one type of budgeting technique is better for your business structure or industry. It is imperative to set a budget for allowable spending to utilize as a benchmark so that you can see where there are bottlenecks in the operation or shortfalls in other areas of your business. We will provide the tools necessary for you to be tracking your actual expenses vs. forecast vs. budget and provide real solutions when problems arise.