BudgetPak by XLerant, Inc

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BudgetPak… the future of budgeting


What we see

FinanceFinanceDepartmentDepartment

DepartmentDepartmentHeadHead


Result: Result: Time, Tedious, Rework, Backup lost in shadow spreadsheets…

… and not always the best budget

What we see

• Time consuming and stressfulTime consuming and stressful

• Mechanics of consolidating budgets “works” but underlying Mechanics of consolidating budgets “works” but underlying quality of data is suspectquality of data is suspect

• Finance team - the excel “black belts” called in to helpFinance team - the excel “black belts” called in to help

• Deadlines forgotten or ignoredDeadlines forgotten or ignored

• Inconsistent quality of submissionsInconsistent quality of submissions

• Hard to get the story behind the numbersHard to get the story behind the numbers

• Stuck explaining timing variances all year longStuck explaining timing variances all year long

• Hard to identify “surgical cuts” so everyone gets cut X%Hard to identify “surgical cuts” so everyone gets cut X%

• Omissions & miscalculationsOmissions & miscalculations

• Offline spreadsheets need to be mapped to budget templateOffline spreadsheets need to be mapped to budget template

• Miscommunication/ Misunderstandings = ReworkMiscommunication/ Misunderstandings = Rework



Result: Result: Time, Frustration, Lack of Buy-In and Understanding…

… and not always the best budget

What we see


• Time consuming and stressfulTime consuming and stressful

• Dislike the process … “pulling teeth”Dislike the process … “pulling teeth”

• Hard to use budget tools – yellow belts in ExcelHard to use budget tools – yellow belts in Excel

• Often need help from FinanceOften need help from Finance

• Should have backup supporting detailShould have backup supporting detail

• Never had “Budgeting 101”Never had “Budgeting 101”

• Managers think in terms of projects, campaigns, initiatives, Managers think in terms of projects, campaigns, initiatives, vendors vendors

• Forced to “think like an accountant” – G/L gridForced to “think like an accountant” – G/L grid

• Clarification process is time consumingClarification process is time consuming

• Sometimes hard to defend Sometimes hard to defend

• Errors, misplaced backup, forget to budget a line itemErrors, misplaced backup, forget to budget a line item


Best Practice Improvement


Result: Result: Less time and right numbers… … a better budget faster

For Finance

• Automate the process (to make it more productive)Automate the process (to make it more productive)

• Robust reporting “out of the box”Robust reporting “out of the box”

• Departments do it themselves (and do it right)Departments do it themselves (and do it right)

• Give them the right tools – self serve in controlled environmentGive them the right tools – self serve in controlled environment

• Air tight approval workflow, roll ups & audit trailAir tight approval workflow, roll ups & audit trail

• Easy access to the story behind the numbers: Foglifting reportsEasy access to the story behind the numbers: Foglifting reports

• Integration with other systems (easy interchange of data)Integration with other systems (easy interchange of data)

• Eliminate common errors and omissionsEliminate common errors and omissions

• One version of the truthOne version of the truth



Result: Result: Less time, easier to defend, fewer calls…

… A better budget faster


• Simple: Answer questions, respond to promptsSimple: Answer questions, respond to prompts

• Intuitive and personalizedIntuitive and personalized

• A system that thinks in business termsA system that thinks in business terms

• Automatically do the financial work for meAutomatically do the financial work for me

• Show me the impact of my budget decisionsShow me the impact of my budget decisions

• Allow me to make changes easilyAllow me to make changes easily

For Managers


XLerant’s Key Differentiation

User User InterfaceInterface

Rapid Rapid ImplementationImplementation


XLerant’s Differentiation


• Founders managed Financial Planning & Analysis (Pepsi, Kraft Foods, Reader’s Digest)

• Authored Value Planning (J. Wiley & Sons, 2000)• Awarded Accounting Software of the Year (by CT

Tech Council)• 100% Referenceable clients

XLerant, Inc.


Christopher W. Nielson

700 Canal Street

Stamford, CT 06902

(P) 203 328 3787

[email protected]

www.XLerant.com

Contact Information

Economy & Finance

BudgetPak by XLerant, Inc