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- Budgeting & Forecasting
- Who it's for
- Professional services
Professional services
Connect staffing and utilization assumptions to the financial plan. Budgeting and forecasting software gives Finance a consistent way to retain the inputs, decisions and reporting basis behind the plan.
How Budgeting & Forecasting is set up for you
People and project assumptions
Plan headcount, average compensation and billable utilization using retained driver inputs.
Department proposals
Cost-Center Heads prepare their own plan and explain overrides before Finance consolidates the proposal. Revenue assumptions can reference the configured sales forecast, while project funding remains context from its owning system. A planning line does not create a staffed assignment or customer invoice.
A current operating outlook
Refresh the rolling forecast from reconciled actuals and accepted monthly submissions. Compare the approved budget with the selected outlook and retain the explanation for material differences. When a forecast changes, keep the earlier board packet and its assumptions available.
Pilot a service department with a hiring-date change, a utilization scenario and a returned forecast submission. Compare personnel costs and revenue using consistent units and periods. Confirm that managers see only permitted own-team inputs and cannot read another team’s salary basis.
Features to start with
Roles on the team
- CFO
- Owns Targets, signs off the final budget version, reviews and approves board packs. The named approver at the top of the budget-approval chain.
- FP&A Director
- Designs each budget cycle, manages Versions through the cycle, runs Scenarios, owns the rolling forecasts, builds board packs. The day-to-day owner of the planning workbench.
- FP&A Analyst
- Operational role. Loads Actuals, runs and reviews variance analyses, prepares flux comments, supports Cost-Center Heads through the submission cycle, drafts board packs for Director review.
- Cost-Center Head
- Department / cost-center owner. Submits own Entity’s budget lines (Type: Budget) during the cycle, defends Variance each month with flux comments, requests budget transfers.
Set up Budgeting & Forecasting your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.