Planning & Forecasting
To estimate the need of funds for future investment and expenditure, annual planning and periodic forecasting processes have to be carried out. With automation of actual, plan and forecast data collection, this system prepares annual plan budgets, periodic forecasts of costs and revenues, and compares performance with actuals.
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OverviewOverview

Financial budgeting and forecasting are vital pillars for the financial control of any enterprise. Interest income and expenses are key factors driving growth and stability, along with other fee based income and expenses. Surya's Planning and Forecasting System (PFS) helps budget, forecast and measure performance with automation of data collection and management to prepare budgets, plan benchmarks, forecast costs and revenues and compares actual performance with budgets and benchmarks.

It enables you to meet your end-to-end budgeting and forecasting requirements by accurately modeling budgeted and forecasted values on balance sheets and profit and loss. It also helps evaluate financial performance on a daily basis and mitigate risks with financial planning to increase productivity and performance with better day-to-day visibility of financial performance. The system can interface with any general ledger system to receive actual data and allows you to set financial targets by creating an unlimited number of forecasts.

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FeaturesFeatures
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Workflow-based budgeting on multiple budgets, drafts, comparisons, balance sheets, and associated profit and loss.
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Forecasting that includes market movements based on actual or budgeted data, statistical analysis, and business unit hierarchy
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Reports that provide comparisons between actual performance with budgets and forecasts, and on budget variances
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Customer Stories
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2023-02-14
Implementation of BALM at DOHA Bank
Incorporated in 1978, Doha Bank is one of the largest commercial banks in the State of Qatar. Doha Bank serves individuals, corporate and institutional clients across Qatar and internationally. The Bank has total asset of USD 20.36 billion with its loan portfolio of USD 13.96 billion and deposit portfolio of USD 12.42 billion. Doha bank has banking operations in Kuwait, UAE and recently started its operations in India.Read more
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2023-02-14
IMPLEMENTATION OF BALM AT AXIS BANK
Axis Bank is one of the three largest private sector banks in India, providing services to customers from SME, agriculture, retail business segment and large & mid corporates, the bank has a growing asset size of above 60 Billion USD.Read more
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