Enhance company-wide planning, budgeting, and forecasting
A modern planning solution provides budgeting with process automation, time, and cost benefits, and helps with financial planning to provide critical insights and competitive advantages for your organization. Rand Group works closely with a number of planning tools that integrate with your key business applications to streamline your planning processes.
Leverage a robust planning and budgeting solution to drive growth
Many organizations that struggle to be able 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. With a modern 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.
Forecast financial outcomes to improve future periods
Harness the latest forecasting technology to provide insights into future financial outcomes. Forecast potential market changes and develop the best strategies to maximize profitability based on those changes. Analyze historical data to quickly spot trends so you can adapt as needed.
Integrate with core business systems
Organizations may rely on various business applications for finance, operations, CRM, HR, and payroll. For a comprehensive analysis, it is imperative that the planning solution being used is able to integrate with your core business applications.
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Leverage reporting & analytics for 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.
Leverage scenario planning and modeling
With scenario planning and modeling, organizations are able to deal with uncertainty by visualizing potential risks and opportunities for 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
Align revenue forecasts and sales plans with your corporate objectives by engaging in active revenue planning. Empower business users to create driver-based revenue and sales forecasts in collaboration with finance, sales, and service teams. With a robust planning solution, you can 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 expenditures
- Inform your business strategy with robust financial data
Simplify your workforce planning
Ensure your company can execute its business strategy by aligning your human resource needs with organizational needs. Enable HR, finance, and hiring managers to collaborate to establish budgets, roles, and priorities across the organization by examining total headcount costs, ensuring the right number of resources are hired at the right time without going over budget.
With workforce planning you can:
- Use workforce planning with flexible models aligned to how you run your business
- Drill down into what skills and competencies are needed for long term success
- Predict costs and effectiveness of your organizational changes
- Obtain a complete view of your headcount across your entire organization
Choosing 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 variety of planning solutions such as Solver and Power BI that enable you to increase organizational agility.
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.
Power BI
Power BI is a robust data visualization suite that allows business users to take their data and summarize it in robust dashboards and stunning visualizations. With the right approach, Power BI can be leveraged as a powerful platform for planning, budgeting, and forecasting.
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SharePoint vs. Network File Share (NFS)
SharePoint is a web-based collaborative platform that allows users to build intranet sites, creates pages, document libraries and lists, and organize and manage content. Network File Share (NFS) is a system that allows users to view, store, update or share files between computers that are connected to the same network.