Multi-Currency
SIM enables regional businesses to budget and forecast in local currencies and headquarters to automatically consolidate to the standard currency of the enterprise.
Rolling Forecast
Calculating an opening balance for the next budget period is a difficult task with notably inaccurate results. Because of SIM's simulation, forecast and real-time updates of actuals, accurate year-end closing balances are easily obtained. The closing balance automatically becomes next period's opening balance, ensuring the new budget is accurate.
Adjustments
SIM allows management to adjust any line item or group of items such as products, markets, expenses or purchased materials. Adjustments give management the flexibility to align their financial plans to match the business situation very quickly. Simulation scenarios invoke Adjustments and produce the full complement of reports for analysis. Adjustments do not alter the original baseline budget.
Standard Charts and Reports
SIM provides standard financial statements with actual figures compared against the baseline budget. Actuals are extracted from your financial system on a regular basis, e.g. daily, giving management the opportunity to identify and to follow up on any deviations in a timely manner. SIM provides over 100 standard reports and charts showing budget, forecast, and best and worst case scenarios. SIM also allows users to create their own reports.
Best and Worst Case Sensitivity
SIM allows the user to define best and worst case sensitivity, in percent, for each line item or group of items, e.g. products, markets, expenses or purchased materials. Sensitivity settings are used to produce best and worst case reports for budgets or forecasts showing the working margin of error providing management with the insight they need to prepare contingency plans should their worst or best case situation actually happen.
Cash Flow Analysis
SIM automatically generates comprehensive cash flow statement for the baseline budgets, forecasts and any scenario. Cash flow is displayed either in graphical charts or in tabular reports.
Integrated with Profitbase Studio and WebPlan
SIM is integrated with Profitbase Studio and WebPlan so information exchange is automated and implementation and ongoing maintenance and upgrades are simplified.
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