Step Budget Sysphera Methodology
Methodology for Planning and Financial Consolidation
aligned with the interests, resources and customer time availability
It is well known that the financial management impacts everyone in the organization and it contains some of the most complex business processes that are dependent on a high number of influences: regulations, foreign exchange, new markets, turn-over, budgeting, mergers and acquisitions, and so on.
All these issues are more or less detailed in a large number of Excel spreadsheets, overloading people in time and efforts to reconciliations, manual inputs, consolidations and rework of all kinds. These are not seasonal activities, they are recurrent activities and just pile up on the time of the Annual Plan preparation.
Sysphera has been helping various companies of all sizes and business segments in its Planning and Financial Consolidation. Our experience shows that the main difference between them lies only in the maturity degree of the company relative to the processes understanding.
However, some financial managers believe that their companies are still far from ideal, therefore, follow a developing hard work, hunched over hundreds of Excel spreadsheets rather than a specialized tool. In this approach, Sysphera created a implementation methodology based on phases, which seeks to satisfy the enterprises demands according to their realities and drives their skills to the next stage of maturity scale aligned with the interests, resources and customer time availability.