Operating Expense Planning
Achieve your planning goals for the year ahead with a precise, efficient operating expense budget process.
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Budgeting the ongoing costs of keeping your business running—including, but not limited to salaries, utilities, rent, marketing, and maintenance— is a necessary process to ensure you efficiently allocate your finite resources, control costs, and align expenses with sales and strategic goals. Budgeting your operating expenses with precision allows you to confidently meet your goals for the year ahead, and doing so with accuracy serves to add even more value to the variance analysis you do throughout the year.
Prophix One FP&A Plus eliminates the burden of manual data collection with standardized templates that are centrally and dynamically managed. Customize budgeting logic for various expense types and FP&A Plus will automatically consolidate your data into the corporate budget, eliminating the need to check for human error.
Easily apply spreading logic using seasonal patterns or existing data to ensure that you predict variable and fluctuating costs with accuracy. Set-up allocations with ease and ensure costs belong to the right department or function, with confidence. An efficient and accurate operating expense budgeting process means setting yourself up for successful and meaningful forecasting, cash flow analysis, and scenario planning throughout the year.
Built-in collaboration features enable your team to drive precision in the final budgeted numbers. Open doors to identifying cost control opportunities, reducing unnecessary expenses and optimizing spending. With an accurate budget, you raise the bar when it comes to expectations on accountability throughout the year, and the budgeting process becomes a corporate-wide strategic tool, rather than a silo-ed and non-strategic tool that exists in the confines of the office of the CFO.
Sticking with the status quo of managing budgets in spreadsheets runs you the risk of overlooking recurring expenses, poorly managing expenses, eroding profit margin, and enabling resource shortages or overspending in critical areas. With Prophix One FP&A Plus, create an operating expense budget quickly and collaboratively, with confidence that you’re controlling costs for the year or years ahead.
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