Budgeting and Forecasting Services

While financial planning is crucial for business, what makes financial planning successful is budgeting and forecasting. Budgeting allows you to understand whether you will have enough finance to continue with your operations smoothly for a particular period. And forecasting helps determine the financial status of the business and future financial projections using historical data. Budgeting for your business helps prepare a business’s financial plan to manage monthly, quarterly and annual cash inflows and outflows. While forecasting for your business helps identify trends that can be used to compare its financial position with its historical data, competitors, and other companies in the same industry.

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Budgeting and Forecasting Services Provided by Magma Business Consulting.

Partner with us for the outsourcing of your business’ budgeting and forecasting services today and be assured of an accurate picture of your business in terms of performance, with help you do by preparing the following –

Operating Budgets
Quarterly, half-yearly or annually for the company and its departments, annual costs of the different projects are also included in the operating budget
Project Budgets
Budget for the entire life of a project alongside controlling and reporting individual costs for a project
Capital Budgets
Capital budget helps identify, assess, and plan for a company’s capital needs, to meet its goals and objectives.
Cash Flow Forecasting
Cash flow forecasting helps in identifying budget variances and thus should be prepared along with the budget.

Quality

Why Choose Us

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Cost Reduction in comparison with other alternatives.

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Decade long experience.

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Team of highly qualified experts.

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Use of advanced budgeting & forecasting software.

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Providing a strategic business planning process.

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Customized service to industry specific needs.

Why

Why do you need Budgeting & Forecasting?

It helps to set a standard for assessing performance, and then businesses can make a financial decision based on these standards.
It helps to organize and allocate financial resources to different departments efficiently and helps track each department’s performance.
It helps businesses compare actual results with that of the estimated one, which helps understand the difference.
It helps business predict or take into account that unexpected issues might erupt and allow to take quick corrective measure when it happens.
These act as a financial communication tool used to express estimated financial results.
It allows the business to promptly respond to the competitors and other companies in the same industry.