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Planning & Forecasting for Budgeting & Forecasting (FP&A)

Automated planning & forecasting function supporting Budgeting & Forecasting (FP&A). Part of the Budgeting & Forecasting (FP&A) capability.

Business Outcome

time reduction in the budgeting cycle

Complexity:

Medium

Time to Value:

3-6 months

Why This Matters

What It Is

Automated planning & forecasting function supporting Budgeting & Forecasting (FP&A). Part of the Budgeting & Forecasting (FP&A) capability.

Current State

(Traditional)

Data Collection: Gather historical financial data from various departments and systems.
Data Consolidation: Use Excel or ERP systems to consolidate data into a single source.
Assumptions Development: Collaborate with stakeholders to develop assumptions for revenue growth, cost changes, and market conditions.
Forecast Modeling: Create financial models in Excel or specialized software to project future performance based on assumptions.
Review & Adjust: Present forecasts to management for review, making adjustments based on feedback.
Finalization: Finalize the budget and forecast, ensuring alignment with strategic goals.
Reporting: Generate reports for stakeholders to communicate the budget and forecast outcomes.
Monitoring: Continuously monitor actual performance against the forecast and adjust as necessary.

Characteristics

• Excel
• ERP Systems (e.g., SAP, Oracle)
• Email
• Business Intelligence Tools (e.g., Tableau, Power BI)

Pain Points

⚠ Manual data entry is time-consuming
⚠ Process is error-prone
⚠ Limited visibility into process status
⚠ High dependency on Excel increases error risk
⚠ Inflexibility in adjusting forecasts mid-cycle
⚠ Challenges in integrating data from multiple sources
⚠ Resource-intensive process requiring significant manpower

Future State

(Agentic)

Data Collection: The Data Collection Agent automatically gathers historical financial data from ERP systems and other sources.
Data Consolidation: The Orchestrator consolidates the data into a single source, ensuring quality and consistency.
Assumptions Development: The Collaboration Agent facilitates discussions with stakeholders to develop assumptions for revenue growth and cost changes.
Forecast Modeling: The Forecast Modeling Agent creates financial models based on the consolidated data and assumptions, generating multiple scenarios.
Review & Adjust: Stakeholders review forecasts via the Collaboration Agent, providing feedback for adjustments.
Finalization: The Orchestrator finalizes the budget and forecast, ensuring alignment with strategic goals.
Reporting: The Reporting Agent generates and distributes reports for stakeholders.
Monitoring: The Orchestrator continuously monitors actual performance against forecasts, with the ability to trigger adjustments as necessary.

Characteristics

• System data
• Historical data

Benefits

✓ Reduces time for Planning & Forecasting for Budgeting & Forecasting (FP&A)
✓ Improves accuracy
✓ Enables automation

Is This Right for You?

50% match

This score is based on general applicability (industry fit, implementation complexity, and ROI potential). Use the Preferences button above to set your industry, role, and company profile for personalized matching.

Why this score:

• Applicable across multiple industries
• Moderate expected business value
• Time to value: 3-6 months
• (Score based on general applicability - set preferences for personalized matching)