Financial Planning
Driver-based budgets, rolling forecasts and revenue plans built on actuals.
Budgeting & Forecasting
A budget your teams actually use, and a forecast that keeps up
Collect budgets from department heads in guided views, approve them centrally, and let actuals roll the forecast forward every month. Budget vs actual is always current because the spend already runs through Finovoo.
The problem
The problems Budgeting & Forecasting solves
Budget season takes a month
Templates go out by email, come back in different formats and are merged by hand.
The budget is obsolete by March
Without regular re-forecasting, the approved budget stops describing the business.
Budget owners cannot see their position
Department heads find out they are over budget when finance tells them.
Capabilities
What Budgeting & Forecasting includes
Collaborative budget collection
Each owner gets a guided input view with last year’s actuals and finance’s guidance.
Versions and approvals
Draft, submitted, approved and re-forecast versions with a full change history.
Rolling forecasts
Closed months are replaced by actuals and the forecast horizon rolls forward.
Live budget vs actual
Including committed spend from approved requests, invoices and card authorisations.
Overrun alerts
Budget owners and finance are notified when a line is projected to overrun.
Budgets that control spend
Approved budgets can set Fino Card limits and approval thresholds automatically.
How it works
Key workflow
Set guidance
Finance publishes targets and assumptions for each department.
Collect submissions
Budget owners enter their plans in guided views.
Review and approve
Finance consolidates, challenges and locks the approved budget.
Track and re-forecast
Actuals flow in daily; forecasts roll forward monthly.
Related
Keep exploring
Financial Control
Expenses, budgets, invoices, approvals, subscriptions and corporate cards.
Scenario Planning
Model what-if cases on revenue, hiring and cost, and compare outcomes.
FP&A
Financial planning & analysis: annual plan, monthly re-forecast, variance review.
FAQ
Frequently asked questions
What is the difference between a budget and a forecast?
A budget is the plan you commit to at the start of the year. A forecast is your current best estimate of how the year will end, updated as actuals come in. Finovoo keeps both and shows the gap between them.
How does committed spend appear in budget vs actual?
Approved purchase requests, unpaid invoices and card authorisations count against the budget before they are booked, so owners see what is already spoken for.
Can we import last year’s budget?
Yes. Import budgets and historical actuals from spreadsheets to seed the first cycle.
See Finovoo on your own numbers
Book a 30-minute walkthrough with our team. We will show you how Finovoo fits your planning, reporting and spend processes.