Topic: General Posts

Subject: Budgeting & Forecasting Software
Bob Miggins
Member: 2010
Posts:1
Submitted on 06-10-10 9:44 pm
Message:
Dear FENG Members:

Looking for a recommendation on forecasting & budgeting software that has been successfully utilized.

Bob Miggins
Chief Financial Officer
AmeriFactors Financial Group
Office: 407-566-1150
Cell: 407-506-5911
robert.miggins@gmail.com
rmiggins@amerifactors.com
 
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Replies
Kim Dodge
Member: 2010
Posts: 6

Subject: Re:Budgeting

Submitted on 06-14-10 9:58 am.
Message:
I have been looking at Adaptive Planning and really like what I"ve seen. The product is SaaS, it is robust and reasonably priced. If you go to their website you can get alot of information.
 
Joe Weiss
Member: 2008
Posts: 1

Subject: Re:Budgeting

Submitted on 06-14-10 3:55 pm.
Message:
Bob,

If you are looking for comprehensive budgeting and forecasting solutions that are scalable, take a look at Cognos Planning or Hyperion Planning.
 
Mitch Kleinman
Member: 2003
Posts: 1

Subject: Re:Budgeting

Submitted on 06-28-10 1:11 pm.
Message:
Hyperion was bought by Oracle.
 
Hugh Glazer
Member: 2000
Posts: 68

Subject: Re:Budgeting

Submitted on 06-28-10 11:21 pm.
Message:
Adaptive is a great product with tremendous flexibility. Two years ago I did a review of 6 systems to fill a specific client need. AP was the best match for that company. It also turned out, based on the license model at the time to be the least expensive.

Hugh Glazer
Boston
 
Gary Alicea
Member: 2008
Posts: 1

Subject: Re:Budgeting

Submitted on 06-29-10 11:49 pm.
Message:
I have analyzed several planning software packages and found Cognos and Hyperion superior in terms of flexibility, functionality and ease of use.
 
Mark Coron
Member: 2004
Posts: 40

Subject: Re:Budgeting

Submitted on 07-01-10 11:33 am.
Message:
microsoft forecaster is the most powerful tool I have come across
 
Greg Vale
Member: 2001
Posts: 1

Subject: Re:Budgeting

Submitted on 07-04-10 4:40 pm.
Message:
We implemented the SAP solution and it is integrated with our consolidation system. This solution has worked well for out $6 billion multi-national.

Any questions, please call me, Greg Vale, at 214-868-1384.
 
Tony Gruber
Member: 2010
Posts: 6

Subject: Re:Budgeting

Submitted on 07-12-10 11:32 am.
Message:
I had a great projection template available online till recently. We'd been using it internally for 2 decades; but in 2008 we developed it into a user-friendly template and had some success selling it online.

Last December; my board recommended that I take it off the market and re-tool it as an online service (Saas). We had been allowing people to download it as a single user license. The board feels I'm to trusting. They are probably right.
www.projectedfinancialstatements.com

We should have the projection software back on online by the end of September.
We're working on the business plan right now. I have about 2 weeks of procrastination left, followed by a frenzy of effort to finalize the proposal before the end of July.

I'd be happy to help you prepare a projection or budget, but my board would never let me sell you the software as a single user license.
Aside from that; please let me know what software you decide to use, along with why you chose them. I'm also going to look at the packages that were recommended by others in this thread.

Best of luck with your project!

Tony
 
Chris Kirby
Member: 2010
Posts: 1

Subject: Re:Budgeting & Forecasting Software

Submitted on 07-12-10 6:52 pm.
Message:
Hello Bob,

Are you still searching for a solution? I'm consulting with a company that competes against the megavendors. Product has been one cohesive solution for thirty years. P&G uses to manage 800,000 SKUs to a P&L level worldwide.

Product Name: CONTROL
Company: KCI Computing.
URL: www.KCIcorp.com

For others reading this. You can contact me to discuss your specific situation. Budgeting, forecasting, and consolidations are just the beginning. CONTROL gives you insight into profit.

Chris Kirby
Contractor, Business Development
O: (310) 921-6222
 
Greg Thompson
Member: 2010
Posts: 1

Subject: Re:Budgeting

Submitted on 07-15-10 1:07 pm.
Message:
I've had experience at large financial services companies that use Oracle's suite of products, specifically the former Hyperion suite of reporting, budgeting and forecasting tools. Based on that experience my advice would be to buy budgeting software that has appropriate level of complexity for the size of your company. Analogy is don't buy a Lamborghini if all you need is a bicycle.

If a small company, I would not suggest Oracle's suite. It simply requires a disproportionate amount of maintenance and technology attention vs. what you get as a forecasting tool. Worth considering in the very largest companies, but not for small companies.

Without knowing what industry you are in I cannot make a specific recommendation (e.g. banking has very different forecasting needs than manufacturing, etc.). When evaluating alternatives I would suggest important attributes to consider regardless of industry would be "version control", speed of refresh, and ease of download to/from Excel. And like a bicycle, try before you buy.

Best of Luck!

 
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