Budget Forecaster™
Key Attributes
- Efficient and automated business process - eliminates need to manage numerous spreadsheets and control status of IT budget/forecast preparation
- Streamlines, automates budgeting process for IT and Business Management
- Bottom up and top down IT budgeting & forecasting capabilities
- Integrates with all corporate financial systems (i.e., corporate planning, accounts payable, general ledger)
- Detailed variance analysis capabilities - compare budget detailed against actuals on a month-month/qtr.-to-qtr. basis
- Version controls with fully developed hierarchy permissions for multiple user budgeting and forecasting
- When packaged with ComSci's SaaS-Based IT CostFlow Service Costing Modules provides real-time information of unit costs by IT product/service
- ITIL v3.1 Certified for all ITIL Financial Management Processes
Are you Ready to Automate your IT Budget Process?
When it comes to IT expenditures, CIOs are challenged to maintain the technology infrastructure and finance new projects while executives scrutinize IT budgets, asking for detailed visibility of proposed line items. However, for many firms, the annual budgeting process is both tedious and time consuming.
Organizations that operate across multiple geographic locations or lines of business spend an inordinate amount of time assembling, tracking, analyzing and reporting IT budgets only to find that a lack of visibility into real-time data results is an inefficient process that limits the ability to gain insight into the true cost drivers associated with the products and services the internal IT organization provides.
Interface with corporate planning solutions
Gain access to more sophisticated budgeting functionality that eliminates rekeying data into corporate planning solutions. Through a single SaaS interface, users can forecast and manage expenditures at a IT sub ledger and G/L level; and dynamically manage monthly salary planning, supply chain & project spending.
Total control over IT cost management
Along with a streamlined budget expense process, businesses also have accurate data for billing/chargeback or for tracking costs back to consumption. All costs can be reconciled to the IT general ledger and back to the internal client for total IT cost transparency.
Improved reporting and analytics
Gain visibility that supports strategic business outcomes. Reports provide visibility into specific business units or cost centers; show consumption and cost over multiple periods; track trends; illustrate specific IT product or service consumption, deliver total control over IT cost management including cloud computing, outsourcing, and virtualization. ARE YOU READY?