Collect department and project plans in one model. Compare actuals with budget and update the forecast when assumptions change.
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Fincorex® collects department plans and unit budgets in agreed dimensions – by cost center, project and account. Every budget owner works on a shared template, and you get one annual budget for the whole company, ready for approval.
Fincorex® combines actuals with the forecast for the remaining months. After each period close, actual data replaces the plan and the forecast updates on the same data – without rewriting spreadsheets and with a comparison to budget.
Departments and units enter plans on shared templates, and the system combines them into a company-wide budget. You can see the status of every form and work on one agreed version of the budget instead of many Excel files.
Learn more →After each period close, actuals replace the plan and the forecast for the coming months updates on the same data. You compare successive forecast versions and react faster to changing assumptions.
Learn more →Build a plan for several years based on assumptions about revenue, costs and investments. See how changing a single parameter affects results over a longer horizon.
Learn more →Plan costs by cost center and project, with responsibility split among managers. Everyone sees their own budget and how it is being executed, and controlling has the full picture.
Learn more →Plan headcount and pay components at the level of positions or people. The system converts them into personnel costs in the budget, taking into account changes in FTEs and pay over time.
Learn more →Departments and projects plan on shared assumptions, in agreed dimensions.
Put successive plan versions side by side and check the impact of changed assumptions.
Link the cost budget with the company-wide profit plan.
Compare actuals with the plan and find which line item drives the difference.
Three agents work within your permissions. You can check their proposals and sources before approving any changes.
Analyzes data and writes comments directly into form fields. You can ask for a short summary for the board or a detailed account-level analysis for a manager.
You can repeat the same analysis next period by changing only the date in the prompt.
Example prompt“Comment on the variances between actuals and budget for September.”
Adds accounts, cost centers and users, and changes forms and rules based on your description, e.g. “move a row” or “add a column”.
It also processes data from XLSX files: matches columns, detects errors and duplicates, and asks when something is missing.
Example prompt“Prepare a revenue forecast based on last year’s growth rate.”
Manages applications, models and permissions. Prepares new solutions for you, complete with all the calculation logic.
Example prompt“Create a new model called HR that supports planning per employee.”
You adapt the model, rules and reports to your organization’s structure.
The workspace was designed with Excel-savvy controllers in mind.
Built-in financial logic helps keep the implementation organized.
You change accounts, cost centers and forms within the permissions you have been granted.
“Fincorex® is our main controlling system.”
We report and plan departmental costs, R&D costs by project, as well as capital expenditure. Allocating departmental costs to projects matters to us, and the system supports us here too.
Fincorex® gives us the valuable ability to quickly reorganize reporting structures, such as cost types or cost centers, and makes it easy to enter data into the system – both from Excel and from the web.
Yes. In Fincorex® you can compare actuals with the budget and the current forecast on shared data, and check the differences by account, cost center and project. You can keep successive plan versions side by side.
Yes. Multi-year planning is based on the same model as the annual budget, so a change in assumptions immediately shows its impact on results over a longer horizon.
Let’s talk about the process you want to streamline in Fincorex®.
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