OpenAccounts : Collaborative Planning

Deliver quicker, more accurate, integrated budget creation and forecasting to your organisation.

Collaborative Planning offers a unique solution for both the creation and subsequent monitoring of financial plans and forecasts across all business sectors. By enabling collaboration, the key financial processes of budgeting and forecasting are optimised and timescales and costs are significantly reduced. It introduces real-time, continuous planning and analysis in a single, web-based system.

Collaborative Planning simplifies the entire budget process, making it easier to input and analyse information. It takes what were work-intensive, cyclic processes, and delivers an ongoing and meaningful process for keeping an accurate financial picture of the business that extends across departmental boundaries.

The system delivers the relevant information direct to the user's desktop via the Budget Manager's "workbench". Process control is delivered through standard workflow procedures providing real-time control over the entire process in a single, secure environment. It uses tools familiar to spreadsheet users, to manipulate, calculate and aggregate data in an easy-to-use browser application, coupled with powerful desktop integration.

Business benefits

  1. Real-time, continuous planning and analysis in a single web-based system that ends complexity for all users at all levels
  2. "One version of the truth" - everyone participates in the same process, using the same data and talking the same language
  3. Simplified input, processing and viewing of data
  4. All key participants are aware of what to do at any one point in time using instructions which can be general or detailed for specific areas
  5. Provides comprehensive budgeting and forecasting capabilities with the lowest total cost of ownership
  6. Allows budget managers anywhere in the business to compare budgets to forecasts on an on-going basis with on-line tools and real time updates
  7. Applies cause and effect iterations and scenarios before executing strategic decisions
  8. IT costs and technical support can be slashed to a fraction of current client-based systems