• LinkedIn Social Icon
  • Twitter Social Icon
  • Google+ Social Icon

© 2023 by Knoll & Walters LLP. Proudly created with Wix.com

STRATEGIC PLANNING

MODEL SCENARIOS AND INITIATIVES

Axiom Software gives finance professionals the tools they need to model the implications of fluctuation in operational drivers and assess the viability of multiple scenarios and initiatives to pinpoint the incremental revenue, cost, profit, debt, and capital structure implications to which these initiatives contribute. With Axiom, finance teams can easily present multiple forecasts to executive decision makers on an ongoing basis.

IMPROVE BUSINESS OUTCOMES

Strategy definition and execution requires that stakeholders create long-range strategic plans, develop and track key performance indicators (KPIs), direct enterprise-wide initiatives and define corporate and/or line of business scorecards to monitor progress. When done effectively, corporate performance improves.

  • Capture the goals and initiatives needed to advance their organisation's strategy

  • Build a long-range plan that considers both operational and financial drivers

  • Define, capture, calculate and publish KPIs and metrics

  • Create organisational scorecards and dashboards to monitor progress and course-correct as market conditions change

  • Define, evaluate and select key strategic initiatives and capital investments

  • Model the impact of multiple scenarios and the impact to operational budgets and forecasts

STRATEGIC PLANNING - SCENARIO PLANNING

  • Define the key internal and external drivers of the business

  • Quantify the financial sensitivity to key drivers

  • Test the strength and flexibility of a strategy under rapidly changing conditions

  • Manage uncertainty by modeling scenarios that break with current trends

  • Investigate possibilities that would otherwise have likely been ignored

  • Prepare for any adverse circumstances that may manifest

  • Produce higher quality strategic plans, budgets, and forecasts

A SYSTEM BUILT FOR MODELING

When incorporated effectively into the ongoing financial management process of an organisation, scenario planning becomes a tool for both managing risk and identifying and seizing market opportunities.

MANAGE UNCERTAINTY WITH CONFIDENCE

The norm of modern-day economics is “uncertainty.” This makes for a very problematic foundation for planners. More often than not, only a single/stable economic scenario is used as a point-of-reference when developing an organisation’s budget or forecast. With modern financial planning systems and processes in place, finance teams should be able to easily present multiple forecasts to executive decision makers on an ongoing basis.

AGILE PLANNING FOR MODERN FINANCE TEAMS

Axiom Software has made a concentrated effort in its technology to support driver and scenario based planning. Organisations can start by conducting a simple sensitivity analysis on the impact of key drivers on financial performance or build more advanced, multivariate or initiative based scenarios plans. Effective scenario planning is a powerful organisation learning tool, shedding light on assumptions and biases that are otherwise hidden as well as expanding the scope of what’s possible with regards to the organisation's strategy.

STRATEGIC PLANNING - CAPITAL PLANNING

MAKE CONFIDENT BUSINESS DECISIONS

Capital planning is a crucial part of an organisation's overall multi-year financial and business planning process. To be effective, decisions regarding where capital should be invested must consider both near-term organisational needs as well as longer-term strategic objectives for the business. Axiom Software integrates and streamlines the financial forecasting, capital planning and tracking processes to deliver the management information you needed to make confident business decisions.

  • Create, evaluate and rank proposed multi-year capital projects based on its return on investment (ROI), net present value (NPV) and internal rate of return (IRR); subsequently selecting the best projects based on business goals and capital constraints

  • Manage the capital planning request and approval process with defined workflow, ownership and due dates using the Axiom Software Process Management feature

  • Assess each project’s impact on the balance sheet, cash flow and profit and loss (P&L) statement, and be able to alter plan assumptions and quantify the impact of changing market drivers on proposed capital investments

  • Model approved projects that are currently mid-stream and update estimates for time to completion, incremental cost, total cost,etc.

OPTIMISE YOUR CAPITAL PORTFOLIO

The Axiom Capital Planning & Tracking solution provides a comprehensive view of capital needs, and tools that help rank and score project submissions; enabling consideration of both committed dollars from on-going projects to newly submitted project requests with a discipline that ensures a well aligned and optimised capital planning strategy. This solution also provides dynamic reporting with full-visibility into the approved spend by year, by project, by project type (i.e., infrastructure, strategic, IT) for historic and future years. With visibility into existing capital commitments, executives can make more informed decisions related to new capital requests.