Enhance Budgeting Tools - Scenarios, Forecasts
It would be so helpful to bring some enhanced budgeting tools into CSuite.
Currently, only one Budget is allowed per fiscal year as far as I can tell. Having the ability to populate and maintain different budget "scenarios" for each fiscal year would be amazing. The adjustment to Projected Budget seems quite limited and we are not able to "calendarize" the total adjustment or have multiple versions. With this the idea would be to apply a filter to select which "scenario" we are opting to look at for a given report with budget involved and ensure our headers reflect that filter option as with other filters.
Further, to support the development of budget scenarios or forecasts it would extremely useful to have a simple budget or forecast "builder" that would allow us to copy our initial Budget, copy over actuals for selected months YTD and update the remaining months etc. while monitoring the revised forecast vs the another budget scenario. With this it would be also key to start to have some report options for scenario comps as well. Right now all scenario analysis and forecasting has to be done outside of CSuite and in our case quite manually and in excel.
Jen Feikes
shared this idea
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Jane Litz
commented
Since 2020 I've been asking for a forecast option, which starts as a budget by month and then is overlaid with the actuals by month as the year progresses, with the ability to update future periods of the forecast for those expectations. I was assured that Foundant didn't want us to turn to a 3rd party budget/forecast software and would work on this option. Still waiting; their one-off of the ability to enter an updated budget (last year) doesn't meet my needs (at all) thus I don't waste my time with it. Everything is in Excel.