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Why Companies Under $1B in Revenue Are Dropping Excel-based FP&A Processes

Oracle Planning and Budgeting Cloud Service (PBCS) is an Enterprise Performance Management software you can get more quickly and affordably than you may realize. Here’s a chance to learn all about it.

If manual Excel spreadsheet leave you struggling with:

  • Duplicate data and versions of a root spreadsheet
  • Inaccurate data
  • Time-consuming data gathering and validation
  • Inadequate audit trails
  • Limited forecast horizons and flexibility

Then you owe it to yourself to discover PBCS. Fill out the form to the right to watch the webinar.

 

Show Transcript

Below is a preview of the webinar transcript.

So one of the things that we wanted to start off with is, what are some challenges from an overall perspective on planning and forecasting? We’ve done some research, and we’ve noticed that about 40% of organizations today – this is regardless of size, but today we’re gonna focus primarily between 500 million to, say, 3 billion – about 40% of those organizations can forecast only three months ahead. So they really lack the ability to see longer-term strategic, even tactical, budgets and forecasts. There’s also a real issue in terms of data quality. Not just from a data perspective, but also from a metadata and a master data perspective. We lack standardization. There’s not cohesive and fluid communication throughout the various iterations and the versions and scenarios. And ultimately, that really manifests itself in the broader sense of lack of quality. Also, we’re seeing that things are just taking too long. So cycles are taking too long. We’re putting together budgets and forecasts that become obsolete the very minute that they’ve been finalized. And the problem is, is to go back and re-engineer, modify, those budgets and forecasts, we’re losing precious time from a go-to-market perspective.

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