Integrated cost model, not just data entry
Plan activities and spending so they are consistent with your goals. Built-in transparency lets you drill into financial plans to see spending detail.
CASE 1 Transforming to Performance-based Budgeting
Our client wanted to shift from traditional baseline budgeting practices to performance-based methods, enabling managers to focus on value produced and not just money spent.
UIPlanner was configured to allow users to budget by units-of-work, which the system transformed into proper accounting while applying centrally managed rules for unit pricing, labor balancing, loadings and allocations.
When planned worked was already maintained in another system, integrations were established with these work-management databases, avoiding duplicate data entries.
The monthly import of actual results allowed the system to produce performance measuring analytics, including: price, labor and material efficiencies, and earned value reporting.
Our client’s budgeting process was transformed from a traditional baseline process to a robust cost model that provided bottom-up cost justifications for rate cases, explained cost variances and gauged operational performance.
CASE 2 Improving Transparency and Speed
Our client’s inability to accurately reflect the complex and multi-step service company allocation rules in their 10-year budget made them vulnerable to regulatory scrutiny. Their previous process lacked transparency and, even when systematized, took way too long to run.
UIPlanner’s Allocation Integration Framework read in their exact allocation rules from their general ledger.
The In-Memory Rules Engine processed the 120 monthly budget periods in real time, exactly emulating the actual-period allocations processed by the GL.
The powerful Pivot Reporting tool provided drillable results, making the allocation process clear and transparent.
With full transparency provided to target organizations, management was able to achieve their defendable and efficiently-produced 10-year fully allocated budget.
CASE 3 Achieving a Rolling Forecast
Our client’s leadership demanded a rolling-forecast to provide more accurate guidance to financial markets and enable operations to make more informed decisions.
UI’s solutions captured their business rules and offline spreadsheets in an online collaborative workspace, reducing the need for manual analyst interaction during the reforecasting process.
UIPlanner’s enterprise integration layer pulled in data from other systems eliminating data entry tasks.
The Rules Engine transformed imported work-planning assumptions into the required accounting format and automated the application of labor pricing, loadings and allocation rules.
The utility was able to automate most of the monthly reforecast effort and shift low-value clerical time to high-value analytical time. In the process, they reduced the time and cost associated with developing the annual budget, improved the accuracy of the budget/forecast, and achieved the rolling-forecast objective.
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