Forsyth. Budgeting

"Forsyth. Budgeting "is a modern product for complex automation of tasks of any complexity in planning and budgeting in companies with different industry directions and complexity of the organizational structure. The developer of the solution is Forsyth, a Russian vendor that is part of the ITG (INLINE Technologies Group) holding, the developer of the Prognoz Platform analytical complex.

2024: Postgres Pro Enterprise and Standard DBMS compatibility

Postgres Professional and Forsyth announced compatibility of their products on February 12, 2024.

The certificate issued by Postgres Professional confirmed the correct operation of the software products "Forsyth. Analytical Platform, "" Forsyth. Investment Management "and" Forsyth. Budgeting "with Postgres Pro Enterprise and Standard DBMS (version 13,14,15, as well as the latest 16 - Standard edition). Read more here.

2019: Inclusion in the Unified Register of Russian Programs

On May 13, 2019, Forsyth announced the inclusion of a number of its software products in the Unified Register of Russian Programs for Electronic Computers and Databases^[1]Read more here.

2018

Product description "Forsyth. Budgeting "

Product "Forsyth. Budgeting " launched on the market in the first half of 2018.

Solves a wide range of budget planning tasks

According to information for April 2018, the use of the software product "Forsyth. Budgeting "will help businesses reach a new level in the field of budget planning, provide end-to-end data quality control.

The main tasks solved by the system:

• Set up a budget model, processes, and budgeting procedures
• Development, approval of plans and budgets
• Development and comparison of draft plans and budgets
• Preparation of company budgets (BDDS, BDD, Forecast balance)
• Planning of operational (sales, logistics, production, personnel, depreciation, etc.), financial and investment activities
• Consolidation of budgets taking into account intragroup turnover
• Allocation of budget indicators
• Gathering actual data to monitor budget execution
• Preparation of scheduled and flexible reports on the plan/actual analysis and budgets
• Flexible calculation and analysis of budget indicators

Improves the quality of management

The product is aimed at increasing the efficiency, transparency and efficiency of budgeting and financial planning processes, allows you to use the high potential and rich capabilities of business intelligence to improve the quality of management.

The main effects of system implementation are:

• Ensure interoperability and consistency of budget indicators at all levels of the budget model
• Reduction of labour intensity and reduction of time for preparation, approval and approval of budgets, reporting
• Increase transparency and availability of budget data
• Strengthening financial discipline, ensuring personal responsibility of managers for budget planning results

Includes all the benefits of the Prognoz Platform

Software Product "Forsyth. Budgeting "was developed in the environment of the Prognoz Platform component -" Business Application Designer, "therefore it has all the main advantages of the platform: wide integration capabilities, high performance, advanced budget model building tools, advanced analytics tools and modern access delimitation tools, the ability to self-load data and form reporting forms.

The business proposal designer makes the process of creating analytical systems operational, without deep programming, provides flexible configuration of the application in accordance with the specifics of the technological infrastructure and business logic of the organization.

Solves import substitution problems

Russian product "Forsyth. Budgeting " is aimed at solving problems. import substitution The software package is not inferior in functionality to the products of foreign vendors, while it is presented on attractive cost conditions. At the same time, "Forsyth. Budgeting "has extensive integration capabilities: compatible with class (,) systems open-source. Linux PostgreSQL Use of "Forsyth. Budgeting "will help domestic business solve planning optimization problems more productively, and Forsyth's partners will expand the line of offered software products through a modern domestic product.

Screenshot "Forsyth. Budgeting "

Screenshot "Forsyth. Budgeting "

Screenshot "Forsyth. Budgeting "

Announcement of the Forsyth. Budgeting "

In March 2018, Forsyth announced a software package for automating business processes in the field of budgeting - Forsyth. Budgeting. " The solution is scheduled to enter the Russian business analytics market in April 2018.

"Forsyth. Budgeting "is generally a state-of-the-art toolkit for comprehensive, automated, real-time support of the full budget planning lifecycle, taking into account the complex organizational (extensive) structure and logic of the company's business processes.

According to the developers, the Forsyth. Budgeting "is a fully democratic BI. The product ensures the joint work of a wide range of business users (from the company's management to specialized specialists in structural divisions) at all stages of budget formation, their consolidation and execution control, allows you to quickly conduct these processes. Key goal "Forsyth. Budgeting "- to increase the efficiency of planning, transparency and availability of budget data, strengthen financial discipline, reduce the labor intensity and risk of errors (including through the possibility of building multivariable budget scenarios).

The product is developed in the environment of the "Business Application Designer" - a special component of the Prognoz Platform. The Business Proposal Designer allows you to make the process of creating business applications operational, without deep programming, to provide flexible configuration of the application in accordance with the specifics of the technological infrastructure and business logic of the organization. At the same time, the expansion and modification of the functionality of the implemented product-based system can be carried out by business users and IT specialists without involving programmers.

This allows "Forsyth. Budgeting "becomes a tool for fulfilling the urgent tasks of the organization, as well as, thanks to developed customization tools, maintain the relevance of the built budget model in the event of complication of the logic of business processes and the emergence of new budget planning tasks.

The developed functionality allows the product to act as a competitive solution of the CPM class in the Russian market, as well as to be an alternative to foreign software for solving budget planning problems both in terms of instrumental capabilities and in terms of acquisition and ownership costs, Forsyth emphasized.

The Forsyth software product is of particular importance in the context of the import substitution policy and updating the tasks of Russian companies to find tools that are not inferior in functionality to the products of foreign vendors, but are presented on attractive cost terms of acquisition and ownership, the company noted.