Balance Sheet Planning
Imagine being able to click a button and instantly update the Balance Sheet with the latest financial results, operating metrics and business drivers. In so doing, this one-click also refreshes rolling forecasts, strategic plans, financial statements and notifies all stakeholders through automated alerts.
It's a great day for Financial Planners because CCH Tagetik automates this ideal state of Balance Sheet Planning.
balance sheet planning key capabilities include
REAL-TIME PERFORMANCE INSIGHTS
Get the right information, at the right time, in the right format - delivered the right way. CCH Tagetik provides real-time updates, alerts and notifications - via email, the application or your mobile device, so you can instantly assess, analyze and take action. From scorecards, to dashboards to web reporting and ad hoc analytics - CCH Tagetik powers real-time agile planning.
DETAIL-LEVEL ANALYSIS
The devil's in the details and that's why CCH Tagetik provides Planners with easy access to granular-level details and calculations. Quickly drill-down to underlying data to understand the business logic, assess business drivers and make more informed decisions.
AUTOMATED CHECKS & BALANCES
Control and validate data by performing consistency checks of all numbers and validating approvals prior to submission. With automated checks and balances, CCH Tagetik enforces financial rules to balance assets, gauge liabilities and round data to eliminate discrepancies caused by report scaling.
BUSINESS & OPERATIONAL MODELING
Assess changing market, operational and economic conditions by modeling scenarios and testing business drivers to understand outcomes and the business impact. Compare results visually side-by-side, assess the highlighted variances, and evaluate the effect on the P&L, balance sheet and cash flow.
COSTING & ALLOCATIONS
With CCH Tagetik's powerful allocation engine, it's easy to allocate direct, indirect and activity-based costs down to the most granular level. Assess profitability based on detailed analysis of true costs across the organization, including all departments and all pricing positions, from distribution waterfalls to complete multi-step allocations across multiple dimensions.
ROLLING FORECASTS
Assess changing market and internal operating conditions, model variances and business drivers, then update and reforecast plans, financial statements and budget. CCH Tagetik stores real-time actual and historical information, plus planning and budgeting data, so you can quickly forecast across fiscal years and develop periodic and rolling forecasts easily.
SELF-SERVICE ANALYTICS
Every user, regardless of technical experience, can easily generate reports and analyze performance using CCH Tagetik's self-service analytics. No IT required! Drag and drop any report within CCH Tagetik to become a dashboard and include powerful visualizations. CCH Tagetik makes it easy for every non-financial and non-technical user to be an informed decision-maker.
CCH Tagetik's balance sheet planning Software is trusted by leading companies across all industries
Midterm Planning, Annual Planning, Monthly Budgeting and Forecasting
Consolidation, Budgeting, Cash Flow Planning
Budgeting, Forecasting & Cash Flow Planning
Budgeting, Planning, Cash Flow Planning
Cash Flow Planning, Consolidation, Reporting
Budgeting, Planning & Forecasting, Cash Flow Planning
On Demand Webinar
PRECISION PLANNING: THE 4 MAJOR FINANCIAL BENEFITS REALIZED DURING WINTRUST'S RAPID EXPANSION
Joel Macholan, VP of Financial Planning and Analysis at Wintrust, will discuss the steps taken to implement and optimize an all-encompassing solution - from the projection of the current portfolio for an accurate Balance Sheet planning to the automated consolidation of the budget and forecast – that fully supports the office of the CFO.
Browse our Resources
Brochure
Case Study
Randstad
Consolidation, Budgeting and rolling forecasting, Cash flow, Management and Investor Relations reporting, Annual and quarterly IFRS reporting
Case Study
Medline & CCH Tagetik: Consolidations from ETL to Cash Flow Blog
For better or worse, Excel is still the number one tool for planning
Blog post by Dave Kasabian - CMO, CCH Tagetik
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