Revenue forecasting is a critical element of budget planning. It requires complex calculation of several different groups of interconnected data. When done manually this process can be very tedious and time taking but Budget Planning Software has come out with a solution that can make this process significantly easy, as well as less prone to errors.

Our business performance management software is versatile and easy to use. It can be used as complete financial reporting software. Its interface resembles an Excel grid in which revenue managers can find details from revenue and cost accounts. Revenue managers who work with this software find an Excel-like grid on which the revenue and cost accounts are available to them. They can work on this grid to prepare a budget for revenue planning according to their convenience whether they want to do it at a high level or with all the details. For example, they can feed the annual value and then use pre-installed spread sheets to get the results, or enter the values directly into the spreadsheet.

Budget Planning Software's solution can also function as a sophisticated financial planning and forecasting software. For example, while making a business plan, it allows for the calculation of revenue by basing it upon a specific driver or even multiple drivers. Business planners would find that its versatility allows them to plan their finances based on their own unique requirements. Our business performance management software can automate all the different types of calculations required and ensure that it's done accurately.

Some of the functions that our financial planning and forecasting software will allow users to do are -

• They can link together all their assumptions including volume, price and cost with various drivers and even with each other.
• They can use revenue amounts from figures obtained from past bookings or total number of products or total number of customers.
• They can develop a recurring billings system which is based on the bookings that took place in an earlier financial year.

Using spreadsheets for preparing revenue recognition schedules can be a very complicated job. Moreover it demands considerable time and effort to maintain. In the traditional method financial planning a manager maintains a number of workbooks linked together by different formulae. If data in any one of the workbooks is changed the manager would have to cross-check the linked workbooks to verify whether all have been updated. Such problems drain away a huge amount of time. Budget Planning Software can automate all such jobs freeing the executive for more important work.

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