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  Budgeting and Forecasting Scorecard for Excel    

Budgeting and Forecasting Scorecard for Excel

Price: US$60.00

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What is this Product?

Budgeting and Forecasting Balanced Scorecard Metrics

Budgeting is done by estimating values for various financial parameters relating to future financial requirements in all organizational activities. This starts with an estimation of ‘sales’, covers the ‘recruitment needs’ to accomplish this, zeroing on the ‘appropriate sources of funds’ and ‘arranging for the repayments of debts, if any’.
Some of the directions in which KPIs can be formed include- Management Perspective, Structural perspective, Continuous Improvement and Learning, and Conformance Perspective.

‘Management Perspective’ can be assessed using indicators such as ‘number of sources and methods used for budgeting and financial forecasting’, ‘% increase in accuracy of forecasting’ and ‘success ratio’.

‘Conformance Perspective’ is to know the extent to which it confirms to the required norms. The indicators involved are ‘objective fulfillment ratio’, ‘% of employees who agree with the estimations’, ‘degree of debt- equity alignment’ and ‘debt coverage index’.

‘Structural Perspective’ can be known by ‘number of supportive elements in the software’, ‘frequency of budget preparation’, ‘cross- checking methods’ and ‘% of data that is from the area for which budge is being prepared’.

Continuous improvement and learning can be evaluated via ‘usefulness ratio’, ‘cost decline fraction’, ‘% decrease in time for budget estimations’ and ‘% drop experienced in deviation’. This helps in using the experience effects that arise from the repeated preparations of budget.

Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Financial.
In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use. Use Budgeting and Forecasting scorecard to align business performance.

Why do I need these metrics?
MS Excel files that we distribute are a spreadsheets packed with metrics information and the performance calculation formulas.

It's a real-business information. We invested in research that involved experts from Risk Evaluation industry who elaborated and shared certain metrics. It's valuable, real-life experience which will help to improve the performance of your business.

Screenshots

Metrics for Financial Estimation. This is the actual scorecard with Budgeting and Forecasting Dashboard and performance indicators. The performance indicators include: budgeting and forecasting,management perspective,number of sources used for budgeting and financial forecasting,number of methods that have been used for forecasting,success ratio,% increase in accuracy of forecasting,conformance perspective,objective fulfilment ratio,% of employees, who agree with the estimations set,degree of debt: equity ratio conformance,debt coverage index,structural perspective,number of supportive elements in the software,frequency of budget preparation,% of data that is according to the area in which budget is being built,number of cross-checking methods stuffed in the budget,continuous improvement and learning perspective,% decrease in time for budget estimations,cost decline fraction,% drop experienced in deviations,usefulness ratio.

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You can download a FREE trial version to test if it will suit your needs. Limitations: You can download the evaluation version of scorecards. Changes of performance and weight values will not affect any changes of perspective performance and total performance values. To have a fully function scorecard you should purchase a full version.
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System Requirements
  • Windows 95/98/2000/ME or XP
  • MS Excel 97 or more
Prices
 

US$60.00 Budgeting and Forecasting Scorecard for Excel

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