PLANNING AND BUDGETING PRACTICE

Our Services

Recording and analyzing performance, translating that insight into forward-looking plans and aligning business results with strategy is vital to business success within a challenging economic environment.

Financial and operational plans and budgets provide the detail of how business will operate, improve performance and enter into new ventures in line with the Strategic plan. Analyzing and measuring these financial and operational plans and budgets against key enterprise wide matrices should be a continuous, ongoing and repeatable process - not just an annual budgeting exercise with periodic measurement against the plan.  In this way, deviations to plan can be immediately identified and corrective actions taken.

Businesses, however, are finding it difficult to implement these best practices as often the imbedded business processes and systems do not provide the support they require.  And with the close correlation between the ability to be agile in today’s economic climate and business success, improvement in these areas is critical. As such, best in class organisations are continually looking to streamline processes and improve systems in order to realize more agility, better alignment and improved collaboration within shorter planning cycles. 

During the CTPD Management Consultants  Reporting Study we found that most of the best performing businesses have improved  their planning  cycles and are planning  at a very least on a quarterly basis. We further found that to produce quality forward-looking reporting, the best performers have implemented system-based validations at the reporting unit level with decentralized controls.
The benefits to best-practice organisations, across all areas, are well documented and show that these organisations:

1. Spend half as much time on planning and forecasting, and yet be more effective
   Spend 90% of reporting & analysis time gaining and using insight, and only 10% on the number-crunching (average organisations spend 50% on crunching, 50% on using)
2. More than halve the costs for Planning, Forecasting, Consolidation (saving millions of dollar)
3. CTPD Management Consultants has helped many organisations transform and optimize their planning and budgeting processes, modelling the business based on its performance drivers and implementing best-of-breed software solutions that enable all participants in the process to contribute to accurate, timely plans and budgets. Our services are tailored to meet your specific needs, but include: 

Planning & Budgeting Online Survey – a quick, online survey, benchmarking your organization against leading companies in the world

Planning & Budgeting Diagnostic – a detailed assessment of all key aspects of your planning processes, identifying bottlenecks and corrective activities

Planning Review – providing improvement recommendations across the technical, governance & compliance, activities and user satisfaction dimensions of your planning processes

Planning Upgrade – designed to help you upgrade your planning systems, aligning the technology, people and processes to best-practice planning whilst avoiding implementation pitfalls