Financial budgeting and forecasting are important pillars for any enterprise, especially for banks. Interest Income and Expenses are key factors driving growth and stability, besides other fee based income and expenses. Hence a budgeting and forecasting system is critical to financial control.
Surya offers a Budgeting and Forecasting System (BFS) that helps to budget, forecast and measure performance of businesses, with automation of actual data collection and management. BFS prepares budgets, plans benchmarks, forecasts costs & revenues and compares actual performance with budgets and benchmarks.
features at a glance
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Workflow-based budgeting
on multiple budgets, drafts and comparisons, balance sheet and associated P&L
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Forecasting
includes market movements based on actual or budgeted data, statistical analysis, and business unit and hierarchical level
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Reports
that provide comparisons between actual performance with budgets and forecasts, and on budget variances
BFS HELPS BANKS TO
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Meet your end-to-end budgeting and forecasting requirements
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Accurately model budgeted and forecasted values on balance sheets and P&L
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Evaluate financial performance on a daily basis
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Mitigate risks with financial planning
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Interface with any general ledger system to receive actual data
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Increase productivity and performance with better day-to-day visibility of financial performance
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Set financial targets by creating an unlimited number of forecasts