EFI – Modules

Budget

Overview

The historical budgeting process is gradually giving way to ongoing rolling forecasts. Annual budgets suffer from many drawbacks – lack of timeliness, objectivity and accuracy are only some of the issues. However, for organizations wishing to move to real-time rolling forecasts, the move can be very challenging.
EFI´s budget module allows enterprises to start with a budgeting process that is familiar and gradually transition to rolling forecasts. The process is achieved using the built-in workflow schedules to manage employee participation.
EFI´s budget module allows enterprises to plan a comprehensive budget plan that includes all factors and relevant data, such as sales, multiple revenue recognition methods, production, inventory, expenses, manpower planning, fixed assets planning, and many more. The budget module, with its strong components, provides a full and accurate planning picture.

Feature Highlights

  • Complete full forecasted financial statements including profit and loss, balance sheet, and cash flow financial ratios
  • Support for multiple companies and performing consolidated statements for budget as well as for forecasts
  • Support for flexible and hierarchical organizational structure
  • Optional planning, control and management by dimensions, profit centers, cost, according to any organization and company. For example, products / customers / segment activities.
  • Support for multi-currency and index throughout the entire planning stages, plus translation and benchmarking reporting currency of the company
  • Full synchronization among the forecasted financial statements
  • Flexible dimension for horizon budget planning for several years and in a variable time resolution (month, quarter)
  • Using the robust Rolling Forecast System as an integral part of planning the budget
  • Advanced mechanisms for using past trends to build automated planning templates
  • Advanced mechanisms for profitability and pricing analysis (of past, budget, planning) defined by business dimensions as an integral part of planning and control system. For example, products, customers, operations segments.
  • Support for multiple versions of planning and simulations
  • Support for comparing versions of simulations in different segments, including before the actual implementation and among different planning versions
  • Automatic combining of financing transactions as part of the budget and forecast, including loans, bonds, derivatives and more
  • Built-in and flexible set of permissions by company, version, profit-center, screen update
  • Support for exporting any query, report system to Excel
  • Sophisticated "Saved Versions” mechanism, which derives a Dynamic Budget advantage
  • Workflow module embedded in the budget & rolling forecast process
  • The costing module is an integral part of the budget module
kkkkkk

Sub-Modules

In addition to the fundamental features mentioned above, the EFI system contains the following sub-modules for budget planning:

  • Sales planning, including discounts and commissions
  • Expenses planning
  • Production, inventory and cost planning, including full support for product trees (BOM-Bill of Materials)
  • Manpower planning
  • Investments and fixed assets planning
  • Built-in and flexible support for all existing and future financing transactions including loans, bonds and derivatives
  • Project planning
  • Allocations of expenses and cost centers of profit centers
kkkkk

The Ultimate Flexibility of EFI´s Dynamic Planning Dimension and Cubes

The EFI system provides integrated, easy-to-use support for planning non-standard subjects, which can be defined directly by an economist, without the need for programming skills. The system comes built-in to support the following activities:
  • Set unlimited business dimensions
  • Associate features for business dimension information
  • Ability to define design flexible planning cubes based on the same dimensions and other data from previous years as a basis for future planning
  • Ability to define calculation formulas in the cube design and between cubes, such as commissions based on sales

Demo