Budget Preparation,
Monitoring and Forecasting

Budget Management Survey
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Please provide us with your details to download a copy of the new local authority budget management survey 2012/13.

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Local Authority Budget Management
Survey 2012/13

78% of local authority finance professionals are
reliant on spreadsheets fo budgeting

78 per cent of local authority finance professionals are reliant on spreadsheets for budget monitoring, according to a survey by The Chartered Institute of Public Finance and Accountancy (CIPFA) in partnership with Advanced Business Solutions (Advanced). CIPFA surveyed 87 local authority (LA) finance professionals who are members of CIPFA’s Finance Advisory Network (FAN).

Spreadsheet based tools	ABS’ budgeting and forecasting solutions
Difficult to consolidate data Hard to track versions due to manual consolidation of spreadsheets Time consuming due to the nature of the exercise Difficult to do 'What if' scenarios Open to human error	Achieve control and visibility though all stages of the planning process Real time, continuous planning and analysis "One version of the truth" Quicker completion of the process with less effort Integrates to all leading financial management systems in the marketplace

In summary our budgeting and forecasting software solution will compliment any financial management solution in the market place giving you a solution that will help your organisation address and achieve the efficiency challenges you face.

Resources

• Cornwall College to cut budgeting time
• Gloucester City Council cuts budget loading time from ten days to minutes
• The Truth about Budgeting with Spreadsheets
• Public Sector Budgeting & Reporting Strategies
• Collaborative Planning - deliver quicker, more accurate, integrated budget creation and forecasting to your organisation
• Budgeting and Forecasting System from Advanced Business Solutions helps Denbighshire Council to reduce overspending
• Collaborative Planning for improved efficiency at Norfolk Constabulary
• Borough of Broxbourne Council invests in smart budgeting and forecasting solution to provide a real-time view of spend
• Collaborative planning provides dramatic speed improvement in the budget cycle for Edge Hill University
• University of Aberdeen expels Excel Spreadsheets in favour of Advanced Business Solutions' Collaborative Planning
• Havering Council to transform budgeting and forecasting with Advanced Business Solutions system integrated into Oracle
• Camden Council works better with Advanced Business Solutions
• LGC Efficiency Suppliment - March 2012

Case Studies

"We have been thrilled by the impact the Advanced Business Solutions' Collaborative Planning application has made on quickly and efficiently collating and producing budgetary information."

Helen Adams,
Management Accountant
Edge Hill University (download)

"Directors, in particular, like the fact that they can instantly view the status of spend and planned spend in real-time, rather than having to wait until the budget reports have been completed."

Kirstie Morey,
Systems accountant
Borough of Broxbourne (download)

ROI Calculator

Budgeting & Forecasting

Annual Budget Modelling	£		days (p.a.)
Monthly Budget Monitoring:	£		days (p.a.)
Average cost of finance staff	£	=	Hourly rate:
			inc on costs:

Saving Results

At a calculated average hourly rate including on-costs this equates to an efficiency saving as follows.

	Current Cost		Cost Using CP		Efficiency Savings (p.a)
Budget Modelling
Budget Monitoring

Total Efficiency Saving (Per Annum)

Average time saving using CP as follows
Annual Budget Modelling	60%
Monthly Budget Monitoring	40%

 

 

Video Demonstration