February 20-21, 2012

For many companies the annual budget is the single biggest investment in improving business performance. Most companies’ budgets are adequate for financial control but relatively few can be used for powerful strategic planning. In addition, in most cases the process is more time-consuming and labor intensive than necessary. So how can we make the process more strategic and at the same time make it faster and easier? The answer lies in improving the calculation logic.

Essbase calculations can be used to:
•Reduce effort by providing automatic “baseline” forecasts as a starting point
•Implement more frequent reforecast or continuous planning
•Link budgeting to strategy by focusing on strategic drivers
•Implement driver based budgeting

Prerequisites: Essbase Bootcamp or equivalent including basic calculations