The budget needs to be more detailed and summarized. Operating units build detailed models using local accounts, departments, customers, and employees. Finance teams then consolidate these to a level to summarize for operational analysis. Companies often need help finding the right balance or serving all constituents with a single platform. Developing a financial plan on how to budget without compromising some

aspects are challenging as all groups have limited resources (time, money, labor), so it has to be allocated to maximize objectives (profit, production level.

Difficult root cause analysis. Variances to the plan can result from market volatility, unexpected wins or losses, or human error. Purpose-built planning systems give

executives and line of business managers' insight into root causes at the division, region, country, customer, and even department.

Changing information sources. Management makes a procurement mid-month. Another specialty unit is overhauling its ERP. Another specialty unit needs to change its item portions. Information administration and combination instruments can remove the related pressure with changing information and the detailing cycle.

Include Reference