New Product / Technology‘Lean mean budgeting machine’ to be introduced at CIPFA conference

‘Lean mean budgeting machine' to be introduced at CIPFA conference

Advanced Business Solutions will demonstrate its budgeting and forecasting solution called Collaborative Planning.

Advanced Business Solutions, a business applications and services provider, will demonstrate its budgeting and forecasting solution, Collaborative Planning, at the CIPFA (Chartered Institute of Public Finance & Accountancy) Annual Conference at The Novotel London West Hotel on the 10-11 July 2013. For the first time, Advanced will introduce the ‘lean mean budgeting machine’, an interactive robot which will be on stand 11 for the first day of the conference to promote the benefits of the software.

The conference is set to bring commentators and thought-leaders to the main stage to explore new thinking from across the private and public sector, in the UK and abroad.

Collaborative Planning is a real-time budget preparation, forecasting and monitoring solution which simplifies the entire budgeting process making it easier to input and analyse information. The solution provides real-time information through a single-based web system and will allow budget managers across the organisation to compare budgets with forecasts. Compared with spreadsheet packages, Collaborative Planning delivers time savings of 50-60% on budgeting processes.

Cheshire West and Chester Council has been using Collaborative Planning since January 2012 and claims to have already delivered more than £1million savings due to the transparency and accuracy of the solution. Warrington Borough council has also recently implemented the solution and aims to cut financial reporting time from three months to two weeks due to the ease-of-use and flexibility of the system.

Shaer Halewood, Chief Accountant from Warrington Borough Council says, “The processes that we currently use for budgeting and forecasting are time-consuming and cumbersome and aren’t empowering budget managers. Our aim, with this software, is to allow budget managers to take ownership of their own budgets and improve access to information. The solution will also allow us to cut financial reporting time from three months to two weeks.”

 

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