BUGETING SOFTWARE FROM ATLANTIC GLOBAL
In today´s competitive business environment it is no longer acceptable for organizations to carry out once a year planning. They need to be more flexible, with survival based on speed and agility. Where budgets are tied into the organizations strategy and updated as and when the business environment changes.
However, many global organizations struggle to make this reality, facing challenges in collecting and consolidating budget data, mainly because traditional budgeting software assumes a static business environment or consists of non-integrated legacy systems. To have real value a budget must be a living plan that can be continually revised and updated in response to market changes. A budget that takes three months to prepare will almost certainly be outdated and irrelevant by the time it is rolled out, wasting countless man days in the process.
Centralize Budgeting: LiveRoute provides essential insight into your organization and the flexibility to react quickly to changing market conditions. Executives can create top down budgets and "push down" the budget to lower levels of the organization. Line managers and department heads can create budgets and submit them for approval. All of those involved in the budgeting and planning process will have less effort in collecting and managing information and more time to analyze it.
Company resources can be directed towards new opportunities or reallocated based on sudden shifts in the business landscape or in support of new strategic initiatives. Budgeting becomes an ongoing interactive process, providing the ability to revise budgets based on continuous flows of accurate performance data, both financial and non-financial, connecting the planning process to daily operations and closing the gap between strategy and execution.
- Tie budgets into the organizational strategy
- Be responsive to changes in the business environment
- Instant budget visibility
- Transform budgeting into an ongoing interactive process
- Create "top down" budgets and push down to lower levels