BUDGETING WITH ONLY 1 EXCEL FILE
Tailor-made budget solution – a design which matches the company’s need
For many companies, the budgeting process is time-consuming. This is often due to the fact that the company does not have one joint place to manage the process and work with the budget. The consequence is that the budget comes about through a widespread and complex set-up, consisting of a large number of Excel files which demand a lot of manual handling and control.
For our client here – a large global production and service company in the field of logistics – there was a desire to streamline the budgeting process and centralise it in one place. With more than 100 budgeting units and a budgeting process based on a large number of Excel files, there was a need to free up time to work with the contents of the budget, rather than having to use time on preparing and consolidating data.
"We wanted to avoid handling lots of Excel files manually and thus reduce the time consumption in connection with preparation of the basis of the budget process. This normally took more than a month. At the same time, we wanted to reduce the risk of mistakes and avoid unnecessarily using a lot of time to check whether all the numbers tallied up. So, it was important for us that our users themselves could easily and simply see consolidated and calculated results of their entries right away”, says the Business Controlling Manager in the company.
And continues: "So what we were on the lookout for was a tailor-made solution founded on a database in which both we as administrators and our users could work ‘live’ with data.”
exacto has helped with this important task, which not only has reduced the number of Excel files from more than 100 to only one single file. It has also has become a perfectly tailored solution which meets the company’s specific demands.