QueBIT Planning

QueBIT Planning is a financial planning and analysis solution that brings powerful modeling, Excel integration and reporting capabilities to customers quickly and inexpensively.

QueBIT Planning uses best practice design templates distilled from the analysis of hundreds of successful financial planning, reporting and analysis implementations across a wide range of industries including financial services, insurance, life sciences & biotechnology, manufacturing, retail, transportation, high technology, communications & media and government.

If your planning process lacks structure, controls, consistency, and auditability, QueBIT Planning is a low risk path to efficient and consistent collaborative planning that gives you a strong foundation for future growth:

  • QueBIT Planning is implemented securely in the Cloud, so you do not need to procure or maintain hardware or worry about software installations and upgrades.
  • QueBIT Planning can acquire data from any source system, including all major ERP and GL applications.
  • QueBIT Planning comes with a menu of standard best practice modules to choose from including Financial Reporting, Workforce Planning, Expense Planning and Revenue Planning.
  • QueBIT Planning offers flexible add-on options including a variety of predictive models (demand planning, assortment planning, price optimization), integrated financial consolidation and fully customized driver-based revenue modeling.
  • QueBIT Planning can export data for consumption by downstream systems.

With QueBIT Planning, you can replace your existing planning process in weeks with a streamlined, collaborative, driver-based, cloud-based, and web-based model.

 

Benefits of QueBIT Planning:

  • Pre-built application modules based upon QueBIT’s award-winning best practices, but customizable to your business
  • Minimal training required because of the intuitive user experience
  • Rapid and economical implementation
  • QueBIT manages and maintains the solution, so there is no need to hire or train a technical administrator
  • Tightly integrated with Excel for reporting and analysis, while simplifying data management, security and governance
  • Easy-to-use web experience including interactive visualizations, dashboards, reports and data input templates.
  • Automated Report distribution to folders or SharePoint, or by email using QueBIT ReportWORQ (included).
  • 8 Standard modules available (In addition to these foundational standard models, QueBIT has a growing selection of industry specific models. Contact Us for more information)

Financial ReportingWorkforce & Labor Cost PlanningExpense PlanningRevenue PlanningCapEx/Fixed Assets PlanningBalance Sheet & Cash Flow PlanningAllocations
QueBIT Planning includes Actual and Plan (budget or forecast) data captures from the General Ledger(s), plan submissions and other systems. You can report directly from QueBIT Planning as the “single source of the truth” using Excel (using a secure live connection to QueBIT Planning), or you can explore data and build dash-boards on the web. The same formatted Excel templates can be used – and reused – for different business units, products, geographies etc. Adjustments can be applied centrally in QueBIT Planning and propagate automatically to all reports.

Supports income statement, balance sheets, cash flows, Actual vs Plan variance analysis for both management and statutory reporting. Alternate roll-ups in the Accounts dimension can be used to support different kinds of reporting. Integrates with other planning modules.

Reports formatted in Excel can be set up for customized automatic distribution to file folders, SharePoint or by email. An example of customization would be that each Manager would only receive data for the departments that they manage.

Plan your Workforce employment costs by person, including start and termination dates, transfers and new hire planning.

Initial Data is typically loaded from a file provided by the HR system.

The model uses assumptions to calculate payroll taxes, and apply benefits assumptions.

The Workforce can be split into Hourly vs Salaried employees, Full Time vs Part Time and Regular vs Contract employees.

The secure web-based user interface allows managers to plan only their employees and departments.

The planned data is summarized and mapped to the applicable expense accounts, and flow directly to the plan in the Financial Reporting module.

Plan expenses by line item, including descriptions and notes.

The planned line items are summarized and mapped to the applicable expense accounts, and flow directly to the plan in the Financial Reporting module.

Plan Revenue by revenue type and product by month.

The planned items are summarized and mapped to the applicable revenue accounts, and flow directly to the plan in the Financial Reporting module.

Can be integrated seamlessly with customized models designed specifically for your business and industry. Contact QueBIT for more information on scoping and pricing customizations.

Plan Capital Expenditure or Fixed Assets by asset, asset type, and in-service date using assumptions about depreciation method and schedule to calculate depreciation expense amounts.

The planned line items are summarized and mapped to the applicable expense accounts, and flow directly to the plan in the Financial Reporting module.

Existing assets can be loaded from a file.

Enables the integrated planning of income statement, balance sheet and cash flow. Play with different scenarios, and/or apply weights to accounts to estimate their impact.

Fully integrated with the rest of the plan and the Financial Reporting module, while allowing flexibility to apply adjustments for independent analysis.

QueBIT Planning supports a standard allocation framework that uses an allocation driver to allocate pooled expenses to a single detailed dimension For example, you can allocate down to detailed departments or products using drivers such as headcount, square footage or revenue.

QueBIT Planning supports the loading of driver values from flat files, and different expenses types can be matched with different drivers.

Can integrated seamlessly with customized allocation models designed specifically for your business and industry. Examples that would require customization include allocations across more than one dimension, or multi-level allocations (where a value allocated by one allocation becomes part of the pool for anther allcation). Contact QueBIT for more information on scoping and pricing customizations.

QueBIT Planning can be fully customized:

  • If you prefer to keep your planning system in-house, QueBIT Planning can be implemented on-premises
  • QueBIT are The Planning Experts: we offer a broad range of services around helping customers optimize their financial planning, analysis and reporting processes including Reporting Efficiency Health-checks, Planning Process Change Management, Training (both instructor-led and computer based/self-paced), Roadmap Planning, Fully Customized Financial Model Design (Driver based/what-if-scenarios/predictive and AI).
  • Can be integrated with Certent CDM, a tool that dramatically removes inefficiencies around the collaborative production of internal and external report packages that pull data from different sources (Excel files, ERPs, Consolidation systems, QueBIT Planning etc.) simultaneously, and combine words, numbers and charts.

Read more about QueBIT’s work with SteinMart here.

Download QueBIT Planning Brochure

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