Planning and executing budgets

Budgeting is considered to be one of the key tools that supports and determines the development of a company because it ensures efficient management of the limited resources held by it. Comarch ALTUM is equipped with a tool that allows you to create a budget right in the system using historical data to ensure that your plan reflects reality. In Comarch ALTUM the budgeting process is done by using a single tool which is built into the system. You can create a budget from the templates built into the system or set up your own budget from scratch. The system allows you to define many different variations of your budget (for example, to cover pessimistic and optimistic budget scenarios in addition to the nominal version) and then easily track your performance stage-by-stage to compare your plan with its actual performance. Of course, only selected people have access to different parts of the budget.

Comarch ALTUM lets you prepare rolling budgets. In this kind of budget, special attention is devoted to the forthcoming periods for which information can be quite precisely defined. For the remaining periods, in the long-term perspective, information is defined in less detail. As time goes on, consecutive periods are updated and completed with detailed data and then closed to any further changes.

Once the budget proposition is created, Comarch ALTUM provides a function to streamline the budgetary approval process. The system will send completed budgets to managers who may then modify, accept, or reject the plan and send the budget back to their team with a request for change.

After completing the budget you will be able to easily transfer it into OLAP cubes and then view it as another dimension. This will enable comparison with real values on any day of the budgeted year by simply dragging it into the chart/table area. For more information about tools for data analysis, click here.

Analytical areas

Business scorecards

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Create a budget based on reliable data

Comarch ALTUM gives you a powerful tool that will not only help you create a budget but also make adjustments to it during the budgeted year, i.e. by defining the parameters that change dynamically and affect the budget. Additionally, using the functionality of rolling budgets, each period with the year (i.e. quarter) will be automatically updated with adjusted data, just before the start of it. This allows for better and more realistic planning, in line with changing economic conditions and the internal situation of the company. The budget can also be easily transferred to the following year.

Stay informed about current budget execution

Comarch ALTUM gives you the ability to easily and quickly compare budget data, for each day, with the actual results achieved by the company. This allows you to track the degree of execution of the budget, and thus make corrections or react quickly to possible deteriorating situations in the company.

Analytical areas

Business scorecards

Back (Business Intelligence)