Arcplan - Budgeting and Forecasting Solutions/Service Company

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Arcplan: Financial Planning Software to Streamline Budgeting Cycles

CIO VendorRoland Hoelscher, CEO
Budgeting and Forecasting, by definition, involves preparing for a change and is termed as the cornerstone of the management’s control process and also clearly defines an organization’s goal. Still, planning the annual budget process is also often seen as burdensome and time consuming with the old budgeting standards, showing high rates of inaccurate assumptions, massive time commitment and tedious manual input. To overcome these issues, companies seek an appropriate planning software to manage and drive their business performance and also to keep in pace with the rapidly changing business climate. PA, based arcplan, a provider of financial planning software solutions for desktop and mobile use, addresses these challenges prevailing in the dynamic environment by fostering best budgeting, planning and forecasting practices. “At the core of every business decision is the desire to drive value for the company with higher margins, or return on investment,” says Roland Hoelscher, CEO at arcplan

A perfect planning process includes four major elements namely: automation, linkage to corporate goals, rolling forecast and analytics-to make strategic business decisions, which directly impact the company's bottom line. arcplan Edge is a robust budgeting, planning, and forecasting (BP&F) solution, which includes the above four major elements, and helps to streamline an organization’s management processes and shorten budgeting cycles. arcplan Edge’s integrated environment includes reporting and dashboards, which allows users to analyze the "what if" scenarios and plan for the company’s future. With an intuitive web user interface, arcplan Edge consolidates the long manual processes entirely based on spreadsheets to fasten and automate processes by bundling up data from multiple sources to enable monthly reporting, quarterly forecasts and timely annual plan, thereby minimizing the dependency on multiple vendors. Its built-in scorecard functionality enables planners and top management to easily form a strategic budget plan by easily connecting the corporate goals.

arcplan enables, real-time access to source data, and provides relevant information in time for managers to make decision-making processes faster and more efficient

“arcplan enables, real-time access to source data, and provides relevant information in time for managers to make decision-making processes faster and more efficient,” says Hoelscher. In addition to this, arcplan Edge also includes analysis capabilities such as: easy P&L reports, balance sheets, cash flow statements, stoplight indicators for at-a-glance views of performance, variance reporting with supporting details, commentary capture, and export to Excel, PowerPoint, and PDF, which is considered an integral part of any good planning tool . It also offers Finance teams to work offline on budgets and then uploads the numbers to the central repository, so that each member in the team can logically order their tasks and also keep a track of their teams’ position in the planning cycle. In order to stay agile, organizations should use rolling forecasts, which enable the finance team to have clear and appropriate picture of the future cash flow.

arcplan’s planning software solutions are leveraged by numerous companies across the world. For instance, TESCHGlobal, an Information Technology and services company, utilizes the power and f lexibility of arcplan to meet the needs of their clients by allowing them to access their data anywhere and anytime via web and mobile devices, which in turn increases the bottom line and productivity. “Our clients benefit tremendously from arcplan’s powerful dashboards, scorecards and analytic reports. Moreover, arcplan's open approach to data connectivity and integration, serve our clients' needs quickly with minimal complexity,” says Will Tesch, Founder & CEO of TESCHGlobal.

To attain more success stories like this, arcplan is committed to understand their customers’ goals and work towards accomplishing them effectively. “We’re currently developing our product range for budgeting and forecasting; reporting and analysis; and consolidation— with a customer centric approach,” concludes Hoelscher.