Leverage a robust planning and budgeting solution to drive growth
Many organizations that struggle to model or forecast data in a timely and accurate manner do not have a comprehensive planning solution or they rely solely on Excel for managing their budgeting process. Rand Group works closely with a number of budgeting and planning tools that integrate with your NetSuite applications to streamline your planning and budgeting processes.
Powerful planning starts with real-time data, in a flexible, easy-to-use interface
One of the biggest challenges organizations face today is the need for accurate, agile planning and forecasting. With a modern performance management solution featuring intuitive, user-friendly modeling and scenario planning you can reduce planning cycle times, increase transparency, and improve forecast accuracy. With less time spent struggling with data and manual consolidations, business users can reallocate time to strategic analysis activities that have a greater impact on the company’s overall position.
At Rand Group, we realize that agile, data-driven businesses are consistently outperforming the competition and therefore the demand for better planning and forecasting continues to increase. Our team of data scientists, accountants, and application specialists can help you create a data strategy that meets the needs of your organization.
Agile planning to drive business growth
An active planning process that is collaborative, comprehensive, and continuous is key to accurate, agile plans that drive growth. A powerful planning solution enables multi-dimensional scenario planning and what-if analyses to transform static models into actionable flexible, and robust plans for likely scenarios.
Create better budgets faster and easier than ever
Business users can start with predefined budget templates or create their own to ensure budgets get completed. Automatic budget spreading improves budget accuracy with less manual number crunching. Teams can work collaboratively with automatic budgeting workflows.
Integrate with core business systems
Organizations may rely on various business applications for finance, operations, CRM, HR, and payroll. For comprehensive analysis, it is imperative that the planning solution being used is able to integrate with your NetSuite and other core business applications.
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Financial planning during times of uncertainty
Now more than ever, agility is a business imperative. Without the ability to adjust revenue and expense assumptions over time, or model multiple scenarios simultaneously, companies simply won’t have the ability to weather whatever comes next; much less respond to changes in real time. Learn how to replace your annual plans with agile forecasts and timely data, to get better insights, reduce risk, and operate with agility.
White Paper
Financial planning during times of uncertainty
Now more than ever, agility is a business imperative. Without the ability to adjust revenue and expense assumptions over time, or model multiple scenarios simultaneously, companies simply won’t have the ability to weather whatever comes next; much less respond to changes in real time. Learn how to replace your annual plans with agile forecasts and timely data, to get better insights, reduce risk, and operate with agility.
Perform scenario planning and modeling
Scenario planning and modeling are integrated approaches to deal with uncertainty by helping organizations visualize potential risks and opportunities by identifying a range of possible outcomes for various events. Improve your organization’s ability to react quickly and decisively in a crisis and boost your competitive advantage. Unlock the benefits of scenario planning and modeling with a robust planning solution.
With scenario planning and modeling you can:
- Project financial earnings
- Estimate cash flow
- Estimate operating and capital expenditures
- Develop mitigating actions
Deploy active revenue planning
With a robust planning solution, you can engage in active revenue planning and align revenue forecasts and sales plans with your corporate objectives. Business users can create driver-based revenue and sales forecasts in collaboration with finance, sales, and service teams. Continually monitor actual performance against objectives and track impacts on cash flows and balance sheets so you can make adjustments as necessary.
With active revenue planning, you can:
- Track sales performance in relation to budgets and forecasts
- Compare performance with key performance indicators
- Increase control of revenue and expenses
- Inform your business strategy with robust financial data
Simplify your workforce planning
Align your human resource needs with organizational needs to ensure your company can execute its business strategy. With a comprehensive planning solution, HR, finance, and hiring managers are able to collaborate to establish budgets, roles, and priorities across the organization by examining total headcount costs to ensure the right number of people are hired at the right time without going over budget.
Key benefits of workforce planning include:
- Workforce planning with flexible models aligned to how you run your business
- Ability to drill down into what skills and competencies are needed for long-term success
- Predicting costs and effectiveness of organizational changes
- Obtaining a complete view of your headcount across your entire organization
Choose the planning solution best suited to your business needs
At Rand Group we focus on your business needs first and the technology solution to meet those needs second. We offer a wide variety of planning solutions such as NetSuite, Solver, and Power BI that enable you to increase organizational agility.
NetSuite
NetSuite offers a planning and budgeting module that provides added features to the NetSuite ERP platform. With this module, you can build budgets, forecasts, models, scenario planning, and reports within one collaborative, scalable solution.
Solver
Planning, budgeting, and forecasting are essential tools for forward-looking companies. With Solver, budgets can be entered securely into the web portal where managers have real-time access to approve and consolidate data.
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