20/20 has an end-to-end Planning capability, which can include simple or hierarchy based workflow.
20/20 takes the pain out of Budgeting & Forecasting by creating a fast, controlled, flexible & user-friendly planning environment.
Any report can be configured to have updateable cells, these cells show by default with a yellow background. Permissions can be set, so that only some users have the ability to update and others don't. Cells can be configured to be updateable based on a certain condition (e.g. If the budget hasn't been finalised or has not yet been submitted for approval).
The planning features include:
Automatic logging of changes to all cells (reportable via a 20/20 view which can be linked to the input sheet, or any other report).
Ability for users to export to Excel, make changes in Excel, and then paste values back to 20/20.
Ability to easy create custom validation of entered data. Cells will go red if there is a validation exception, and users can hover their mouse over the cell to see the validation message.
Undo feature to undo all changes prior to last save.
Ability to configure workflow to suit your business requirements.
Top-down, Bottom-up or hybrid budgeting models are supported.
Spreading ability to enable the spreading of Annual amounts across accounting periods, or enable the spreading of amounts across cost centres by predefined rules.
Budgeting model can have separate drivers for setting unit prices, wages, inflation, etc...
Ability to base budgeting on different sets of drivers (scenario analysis).
Status reporting, enables finance and managers to determine the status of each model or business unit.
Values can be written back immediately to an ERP system, or written back as a separate step when finalised.
Comments can be stored either with the budget worksheet, or against the data intersection for inclusion of other reports.