Financial Planning

Financial planning is the process of planning all revenues, expenses, and cash flows based on the business context and the type of activity. The purpose of financial planning is to ensure the current activities and development of the enterprise within the plan duration.

Competent allocation of finances within the company is the consolidation of all revenues and expenditures for quality assurance of development.
bar_chart Forecasting
insights Drafting a financial plan (budgets)
query_stats Selecting the best financial plan
monitoring Tracking the budget execution

The main features of Olapsoft financial planning

Analysis of the company's financial situation

Tools to forecast various scenarios of financial results on a monthly and quarterly basis, then compare them, as well as make scenario forecasting of detailed P&L for different types;
Preferences for multi-user work set by the system administrator according to different values/sections;
Options to implement budgeting systems with granularity to Centers of Financial Responsibility (CFR), Cost Centers (CC), and cost items;
Ability to automate processes and tools for planning, analysis and control of execution of the company’s budgets;
Ability to organize reporting and planning of accounts receivable (A&R, Accounts Receivables);
Ability to organize the module of investment planning (CAPEX and R&D).

Creating the forecast estimates and budgets using the Olapsoft platform

Option to version-plan and analyze estimates and budgets;
On-the-fly consolidation of the group enterprises’ data in a single format, automatic calculation and coordination of intragroup turnovers, deciphering of consolidated figures to the initial data of particular enterprises (drill-down);
Reporting and analysis of data on sales (sales) in different analytics with natural and financial scenario parameters, automatic factor analysis of sales;
Ability to plan and analyze the cost of sales by top level items, highlighting change factors;
Unit costing by cost items and subdivisions;
Centralized input of scenario conditions and recalculation of the budgetary model for the selected perimeter of companies according to one or multiple scenarios;
Ability to display data visualization in the form of dashboards and interactive graphics; including a breakdown of the company’s key performance indicators.

The main features of Olapsoft financial planning

1. Tools to forecast various scenarios of financial results on a monthly and quarterly basis, then compare them, as well as make scenario forecasting of detailed P&L for different types;
2. Preferences for multi-user work set by the system administrator according to different values/sections;
3. Options to implement budgeting systems with granularity to Centers of Financial Responsibility (CFR), Cost Centers (CC), and cost items;
4. Ability to automate processes and tools for planning, analysis and control of execution of the company’s budgets;
5. Ability to organize reporting and planning of accounts receivable (A&R, Accounts Receivables);
6. Ability to organize the module of investment planning (CAPEX and R&D)

1. Option to version-plan and analyze estimates and budgets;
2. On-the-fly consolidation of the group enterprises’ data in a single format, automatic calculation and coordination of intragroup turnovers, deciphering of consolidated figures to the initial data of particular enterprises (drill-down);
3. Reporting and analysis of data on sales (sales) in different analytics with natural and financial scenario parameters, automatic factor analysis of sales;
4. Ability to plan and analyze the cost of sales by top level items, highlighting change factors;
5. Unit costing by cost items and subdivisions;
6. Centralized input of scenario conditions and recalculation of the budgetary model for the selected perimeter of companies according to one or multiple scenarios;
7. Ability to display data visualization in the form of dashboards and interactive graphics; including a breakdown of the company’s key performance indicators.

1. Allows users to ensure comparability of planned and actual data;
2. Automation of consolidated management accounts (CF, P&L, BS);
3. Capability to view the reports in real-time and option to upload the report in the corporate format;
4. Users may choose to create version-by-version forecasts by setting rules at the CFA / NW level;
5. Provides users with control over budget execution and plan-fact analysis. Ability to analyze plan-fact with full detail to transactions;
6. Automation of budget limit adjustments and subsequent loading into the accounting system.

1. A single data warehouse with maximum granularity, which allows users to build a forecast and interpret the facts in one place;
2. Ability to analyze and forecast data on the procurement of key materials with a breakdown by price, performance, volume, mix, currency, etc. Monthly enrichment of the forecast with actual data and forecast adjustments until the end of the year (including budget limit adjustments);
3. Integration with the parent company’s central planning system with the need for automated data transfer to 40+ reports with mandatory preservation of the data’s integrity and consistency;
4. Data entry forms within the system are consolidated into a central financial cube based on the method of consolidation / information on double entries. Thus, the company automatically receives a comprehensive set of P&L, BS, and CF reports.
5. Users may implement multi-currency features within the Olapsoft platform. Data in the system will be treated both in terms of functional currency, transaction currency, and reporting currency.

Demo request

To get test/demo access, send your request with a link to your company's website and a description of the model/functionality that is planned to be implemented on the Olapsoft platform.

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