What are the top budgeting and forecasting software options for large enterprises?

For large enterprises, budgeting and forecasting software needs to be robust, scalable, and capable of handling complex financial data and processes. Here are some of the top software options that cater to the needs of large organizations: 1. Oracle Hyperion Planning 2. SAP Analytics Cloud 3. Anaplan 4. IBM Planning Analytics (powered by TM1) 5. Workday Adaptive Planning 6. Microsoft Dynamics 365 Finance 7. Tagetik by Wolters Kluwer 8. OneStream XF By carefully evaluating these factors and considering the key features of each solution, you can choose the budgeting and forecasting software that best meets the needs of your large enterprise.

Predicting future financial outcomes combined with historical data and futuristic information. Machine learning algorithms to improve accuracy.

In today's rapidly evolving business landscape, large enterprises must adopt a data-driven culture and foster a learning organization to maximize their forecasting and budgeting practices. Such a transformation allows for the capitalization of past forecasting and realization experiences, enhancing precision and strategic decision-making. The key features for a modern budgeting and borecasting software may include :Collaborative and inclusive environment, End-to-End Initiative management, Investment committee support and archiving and learning. By leveraging such features, organizations can ensure strategic alignment, optimize resource allocation, and continuously improve their investment decisions.

Below are some of the top options widely used by large organizations: 1)SAP | 2)Oracle | 3)Anaplan | 4)IBM Planning Analytics | 5)Prophix | 6)Adaptive Insights | 7)Board | 8)Planful | 9)Vena Solutions | 10)Jedox. Each of these solutions offers unique strengths and can be chosen based on specific enterprise needs, such as existing ERP systems, the complexity of planning and forecasting requirements, user-friendliness, and scalability. It’s essential to evaluate these options in the context of your organization’s specific goals and IT infrastructure.

The best choice depends on your specific needs and your enterprise’s requirements! None of the vendors listed by others here will be able to give you that choice, because they only sell their own product. So it's another poor question set by LinkedIn's AI, don't you think? For a real choice, see cfmsystems.com

With the advancement of technology today, there are many software options available to streamline these processes. Some of the top 4 budgeting and forecasting software options for large enterprises include: 1) Oracle Hyperion - offers powerful analytics and reporting capabilities. 2) SAP BPC - provides integrated planning, budgeting, and forecasting functionalities. 3) IBM Planning Analytics is known for its advanced modeling and scenario planning features, making it a preferred option for complex financial planning needs. 4) Adaptive Insights - offers flexibility and scalability for large enterprises.

SAP Analytics Cloud is a cloud-based platform that provides a range of capabilities for financial planning and analysis, including budgeting, forecasting, and predictive analytics. It integrates seamlessly with other SAP solutions and offers robust data visualization and collaboration features.

Important consideration for additing a B&F tool depends on -Integration with Existing Systems,User Adoption,Scalability and Flexibility,Security,feature compatibility and interoperability.Some top market leaders in this segment are - Anaplan,IBM Planning Analytics,Oracle Planning and Budgeting Cloud,SAP Analytics Cloud

Point 1 and 2 should be in one point, the feature and customization. Have feature with no customization, not effective. Have customization with lack of feature, no use

A flexibilidade na personalização é essencial para garantir que o software atenda às necessidades específicas da empresa. Essa capacidade de ajustar fluxos de trabalho, criar relatórios personalizados e adaptar-se a mudanças nos processos de negócios é crucial para manter a eficácia e a relevância da solução a longo prazo. Assim, a escolha do software deve levar em conta a capacidade de personalização para garantir que a solução possa evoluir junto com o crescimento e as mudanças do negócio.

I agree,the budgeting and forecasting software needs to be integrated with other operational software to minimize errors and speed up the process. The operational software must be compatible and reliable, with security measures to protect the data and support real-time processing. Integrating data from these operational systems will result in more accurate forecasts, ensuring data integrity and accuracy.

Top budgeting and forecasting software options for large enterprises include Oracle Hyperion Planning, SAP Analytics Cloud, Anaplan, IBM Planning Analytics, Workday Adaptive Planning, Jedox, and Prophix. These platforms offer comprehensive financial planning, integration with ERP systems, real-time analytics, and robust modeling capabilities. While Oracle Hyperion and SAP Analytics Cloud provide extensive customization and strong integration but are costly, Anaplan and Workday Adaptive Planning are user-friendly and scalable with excellent collaboration features. IBM Planning Analytics and Jedox offer powerful performance management and flexible modeling.

Of course,. It should be integrate with existing system because the real source data come from existing system, if not it will make us create manual data to key in, which this is give potential error

Integration with Other Systems: - ERP Systems Integration - CRM Systems Connection - Business Intelligence Platform’s - APIs and Connectors

A capacidade de integração é essencial para garantir a consistência dos dados, reduzir erros manuais e fornecer uma visão abrangente do desempenho financeiro. A integração eficaz facilita a tomada de decisões estratégicas, melhora a eficiência operacional e garante que a empresa possa responder rapidamente a mudanças no ambiente de negócios. Acredito que os pontos mais importantes que posso citar são: consistência dos dados, visão unificada do desempenho financeiro, facilidade na tomada de decisões estratégicas e o ganho em eficiência operacional.

User Experience: - Intuitive Interface - Customization Options - Real-Time Collaboration - Comprehensive Support and Documentation - Scalability

Características essenciais para uma boa experiência do usuário: - interface intuitiva e aimgável - Suporte ao usuário - Personalização de interface - acessibilidade e responsividade - desempenho rápido e confiável - integração com ferramentas de colaboração.

The forecasting accuracy depends on the varians of variable that give impact to the budget and forecast. Each department have different and unique variable.

Há alguns fatores que influenciam a precisão de previsão, são eles: - Qualidade dos dados (dados imprecisos levam a previsões equivocadas). - Modelagem adequada, o ideal é trabalhar com modelos como regressão linear, séries temporais e machine learning. - Capacidade de análise de cenários, prevendo as variáveis e os impactos de diferentes condições mercadológicas. - Integração de dados externos como indicadores econômicos e tendências de mercado - Atualização em tempo real, a fim de garantir que as previsões sejam embasadas nas informações mais recentes. - Capacidade de aprendizado automático podem identificar padrões ocultos em grandes volumes de dados, melhorando a precisão das previsões.

For large enterprises, choosing the right budgeting and forecasting software can pivotally influence financial strategy. Adaptive Insights integrates deeply with Workday, offering unparalleled enterprise-level reporting but requires significant investment and a complex onboarding process. Planful excels in automation and real-time financial modeling, ideal for collaborative financial planning but has a steep learning curve. Vena, leveraging Excel's familiar interface, provides flexibility and robust integration with other business systems, making it suitable for detailed scenario analysis and centralized financial management.

These Softwares can be used:- 1. Oracle Hyperion Planning 2. SAP Business Planning and Consolidation (BPC) 3. IBM Planning Analytics (formerly TM1) 4. Workday Adaptive Planning 5. Anaplan 6. Prophix 7. Board. Choosing the right budgeting and forecasting software for large enterprises depends on several factors, including the specific needs of the business, existing technology infrastructure, budget, and the desired level of customization and integration. Solutions like Oracle Hyperion Planning, SAP BPC, and IBM Planning Analytics offer powerful, comprehensive features suited for complex financial environments, while platforms like Workday Adaptive Planning and Anaplan provide flexibility and ease of use with robust cloud-based capabilities

Os grandes Players de software de Planning, infelizmente, não trazem consigo uma equipe de implantação com "expertise" grande em negócios, como controladoria e finanças avançadas. Player especialistas, com empresas sólidas, pode sem uma opção para alcançar um resultado satisfatório na implantação. Conhecer as regras contábeis nacionais e internacionais, os algoritmos financeiros de caixa, retorno, valuation etc., permitem atingir o nível desejada na criação de cenários, simulações, controles orçamentários. É essencial, para grandes empresas, utilizar por detrás o Plano de Contas da empresa, que pode ser acrescido de um nível a mais de FLUXO DE CAIXA, gerando contrapartidas por regime de caixa. Dados auditáveis são essenciais!