Automate your budgeting, forecasting and planning

InfoSuite removes all the typical challenges of the time-consuming and manual work in spreadsheets, and creates a higher synergy between your budgeting, forecasting, and planning.


Budgeting
InfoSuite automates entry and merger of your budgets, and it presents intelligent budget proposals based on current data.

The budgeting process becomes streamlined, allowing you to save time on manual work in spreadsheets. Your budgets also become more precise, which enables you to use them in the strategic management of your business.

Read more about budgeting below


Forecasting
InfoSuite’s data-based tool automatically updates your forecasts with fresh data, so you have the best conditions to predict the future.

You can easily set up rolling forecasts and thus continuously get an up-to-date picture of what the future looks like. This means you don’t have to spend time setting up and maintaining spreadsheets.

Read more about forecasting here


Planning
With InfoSuite you can shift your focus from annual, static budgeting to ongoing, more dynamic planning – making your business much more agile.

By working with FP&A, operations and activities are always based on real and current knowledge about the company and the market, allowing you to stay one step ahead of changes and competitors.

Read more about FP&A here

Create improved context with integrated budgeting

InfoSuite supports all types of budgets.
Sub-budgets such as sales forecast and salary budget are automatically transferred to the profit and loss and balance sheet/cash flow budget.

InfoSuite makes it easy to enter a detailed sales budget that helps you and your sales team in the search of growth and provides a good overview of expected income.

In InfoSuite your profit budget is updated automatically. It is naturally coherent with your sub-budgets which ensures a quick and flawless process.

With the InfoSuite cash flow management module you get a unique tool to monitor and predict the development in your company cash flow.

With InfoSuite you can calculate depreciation of assets that are automatically included in the profit and loss budget. You can add new investments and indicate depreciation rules that are typically dependent on the service life of the individual investment.

With InfoSuite you have the complete overview of payroll costs, and changes made in the payroll budget will be updated automatically to the profit and loss budget.

You can easily add new employees to your payroll budget, and all induced amounts, such as pension and holiday allowance etc., can easily be defined. You only have to budget on net salary, and the ABC allocation rules in InfoSuite will automatically make the calculation of the remaining amounts.

InfoSuite comes with an integrated ”What if” function. This function can be used anytime you wish to see the impact of specific changes to different areas.

For example, you can use the function to show what will happen, if you do not keep your budget, if a seller does not reach the goals set, or if you expect a rise or fall in your costs. In this case it is relevant to see how these changes will affect the related areas and the business as a hole.

Et billede der viser de mange forskellige budgetter man kan lægge med InfoSuite

From annual budgeting to data-driven planning

A data-driven budgeting tool will lift your simple budgeting to strategic planning.

Et billede der viser en modenhedsskala indenfor budgettering.

Should you invest in a dedicated tool for budgeting and forecasting?

There may be many reasons for investing in a budgeting and forecasting tool, but when is the right time? Three good reasons for investigating the opportunities of a tool is if your budgeting process is immense, incorrect, and extremely time-consuming.

If you want to learn more about whether you and your company needs a dedicated tool, you can take our test, and see if a tool like InfoSuite would be profitable for you.

Forecasting in InfoSuite makes you wiser about the future – no hocus pocus

Improved data with InfoSuite

It takes accurate and valid data to make precise forecasts on which you can base your business and decisions.

That is not easy to do in a spreadsheet. Data become obsolete instantly, and it is difficult to set up rolling forecasts that need monthly updating when you operate with many item numbers and large fluctuations.

InfoSuite’s databased budgeting tool automatically updates your forecasts with fresh, valid data from all relevant data sources, providing you with the best position to predict the future.

Forecasts for the entire business

In InfoSuite you can work with forecasting for any given business area, including cash flow, sales, and production. The tool collects data from all data sources, giving you a precise view of the present in order to predict the future.

At the same time, you can collect the insights in a financial forecast that will give you an idea of the financial direction of the business. You will have the overall insight for strategic decisions, and the detailed understanding for planning concrete efforts and activities and working with Corporate Performance Management.

Stay ahead of the future with rolling forecasting

Any company can operate with rolling forecasts. But for companies operating in fluctuating markets, it is particularly obvious. With rolling forecasting, you continuously get an up-to-date view of the future, enabling you to run your business with due diligence.

In InfoSuite, it is easy to set up rolling forecasts that are automatically updated with fresh data. That allows you to focus on analysis and planning instead of set-up and maintenance of spreadsheets.

Typical challenges of budgeting, forecasting, and planning in spreadsheets

1. Set Up

  • Complex and immense

  • Only a few understand formulas, macros, and calculations

  • No documentation of prerequisites

  • Replacement of staff results in loss of knowledge

2. Entry

  • Impossible to go into detail

  • Difficult to switch between total and in period

  • Too heavy to decentralise

  • Hard to prognosticate, simulate and to handle rolling forecasts

3. Consolidation

  • Collection of individual budget entries is timeconsuming
  • Reconciliation of budgets takes manual control and entry

4. Follow-Up

  • Budget follow-up is seperate and not automatic

  • Dependent on integration to reporting in spreadsheets, ERP, or BI solution

  • Current sharing of reporting in relation to budget achievement is challenging

All questions are good questions

There are many different types of budgets. The most important ones are the salary budget, sales budget, investment budget, profit and loss budget, balance sheet budget, and the cash flow budget.

The price of a budgeting tool such as InfoSuite includes your subscription agreement and consultancy services. Learn more about how we set the price here.

A budgeting tool is used for improving and automating the budgeting process to make it easier and faster. This will allow you to save time and resources, and you can let go of the manual and time-consuming task.

Forecasting means predicting what you expect to achieve.

Strategical forecasting is the study of long-term overall trends in order to achieve market benefits.

As companies are exposed to stronger competition, the need for forecasts and the ability to look into the future rises. Consequently, companies must be prepared for change to survive and thrive.