Financial planning is, fundamentally, the process of establishing a budget based on information about expenses and income. Assets and liabilities are also important considerations in the process, particularly for organizations. Executing that budget, tracking progress and documenting results can also be considered part of financial planning.
Financial analysis uses the output from financial planning to assess profitability, liquidity, solvency, and stability for organizations. It also involves the use of benchmarks and comparisons to similar organizations to help companies make decisions about business strategies.
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- Unify financial and operational data for advanced planning, forecasting, and what-if analysis
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- Ensure data security, availability, and access controls for improved data integrity
Host Analytics helps companies execute financial planning and analysis processes faster to uncover insights that can improve future results. The cloud-based delivery model increases business agility and lowers costs compared to legacy on-premises software.
Want to learn more? Contact Host Analytics today or download our white paper.