Asset, Loan, Personnel etc) the effects will be shown directly in your financial statements. If you have certain adjustments in your subplans (e.g. Thus, you to never have to deal with numerous Excel versions again. Once the CPM model is completely set up, the P&L-statement, Balance Sheet and Cash-Flow statements are generated automatically. After a 2-day Power-User training we set up specific business rules together with our customers and provide advice in terms of general business questions. SmartPm.solutions work with multi-dimensional data-cubes offering financial data from different relevant sources, e.g. Fully integrated P&L, Balance Sheet and Cash-Flow statement

Since I have started working at smartPM.solutions I discovered the benefits of using a state-of-the-art Corporate Performance Management (CPM) Tool in terms of planning budgets, forecasting and reporting. In this case Excel-models most likely will have reached the limit of providing satisfying information. Furthermore, I have been spending hours to build reports for the leadership team just to come to the situation that the CEO wanted an information I was not prepared for. One of the most critical challenges regarding budgeting with Excel was to update and merge the subplans to receive the latest version of the planned income statement and balance sheet. From my experience working as a controller I gathered a deep knowledge about the strengths of Excel, but I also discovered a lot of weaknesses and limitations if you use Excel for your corporate planning. So maybe you already know the troubles controller are going through during budget season.

If you are working as a controller, you have probably seen the upcoming Excel-filename for more than once – Salesplan_Final_V2.xlsx.

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