Simpson Associates

Quorn Foods Nottingham Trent University Brenntag DC Thomson The University of Nottingham – Student Planning

Planning, Budgeting & Forecasting

Promotional Planning Icon

Promotional Planning

Understanding the financial, operational and logistical impact of a promotion is one of the biggest challenges facing many of our clients. Connecting the expected promotional volume to the monetary forecast and the production and logistics plan can be critical to the smooth running of the operation.

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Financial Planning Icon

Financial Planning

For many organisations the process of building and maintaining budgets and forecasts and producing financial performance reporting relies on a complex and manually intensive spreadsheet process.

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Resource Planning Icon

Resource Planning

Start dates, leave dates, increments, spine points, and pay rise percentage all contribute towards headcount planning. Add to this maternity pay, inter-departmental transfers and national insurance thresholds and the requirement and process becomes increasingly complex.

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Demand Planning Icon

Demand Planning

Greater competition, more frequent new product launches, promotional campaigns and shorter product life cycles have made forecasting increasingly complex. Accurate capture of demand combined with the modelling of resource requirements provides certainty and efficiencies within the operation.

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Promotional Planning Icon Promotional Planning

Understanding the financial, operational and logistical impact of a promotion is one of the biggest challenges facing many of our clients. Connecting the expected promotional volume to the monetary forecast and the production and logistics plan can be critical to the smooth running of the operation. Accurate planning ensures the reduced price, the increased volume, increased variable cost and fixed costs are all considered and evaluated before committing to decisions.

By connecting demand and promotional planning, with the financial planning module, our clients are able to model their promotions before putting them into practice. This allows them to test volume, pricing and product margin including the impact of fixed costs to ensure that the promotions they run are guaranteed to bring in a positive return on investment. Actual performance of promotions can then be tracked against plan in a timely manner to enable the business to respond. Analysis of previous promotional performance can be used to improve the accuracy of future promotions.

Scenario planning is often incorporated as part of the solution. The ability to model and compare variations, in price, product or volume, allows the management team to understand the impact of these changes. Scenario planning may be in the form of sensitivity analysis, or specific known scenarios which require modelling. The application will allow for the scenarios to be captured, compared and the potential responses to be evaluated.

Featured Case Study: Quorn

"In the past we would have had to put blood, sweat and tears into producing the start of month forecast. The beauty of this system is that the week before the month is due to start, we can do a quick re-run of the forecast to get an update. I can now make changes to a forecast and within minutes see what the output of that is. In the past I would have had to wait days or even weeks."

Richard Garner, Sales Director
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Financial Planning Icon Financial Planning

For many organisations the process of building and maintaining budgets and forecasts and producing financial performance reporting relies on a complex and manually intensive spreadsheet process.

We work with many customers whose Finance teams still spend more time than they want to maintaining manual spreadsheet-based processes – collecting, consolidating and validating data. Because of that, these finance professionals are often unable to deliver plans, budgets, forecasts, reports and value-added analysis in a timely fashion. The net result can be budgets or re-forecasts being submitted without the level of scrutiny and verification desired. Indeed, for one of our customers our work has enabled him to stop worrying and to be able to sleep at night.

Our applications result in demonstrable process efficiencies and provide the clear line of sight to understand and to guide business performance. Reducing the manual nature of many current planning processes results in greater accuracy and time for analysis and adjustments and, in many cases, for “scenario planning” capability; all providing greater control and insight

Featured Case Study: Brenntag UK

"Before the project, drilling down into our transportation costs was a painful process with costs dotted all over the place. With BOARD all these costs are in one single place meaning we can now drill into all areas of our transport costs and see exactly where they are across the business allowing us to know who is responsible when we are over budget"

Kathryn Frosdick, Project Manager and Group Accountant
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Resource Planning Icon Resource Planning

Resource planning provides organisations with the ability to understand, influence and interrogate their payroll costs. For many of our customers, payroll forms a significant proportion of their overall cost. Small changes can have a significant impact on profitability and the ability to understand and model these changes is important.

Resource planning, otherwise known as headcount and payroll planning can be driven through strategic assumptions combined with detailed local assumptions at employee or role level.

Simpson Associates’ services include the development of bespoke payroll applications integrated with source payroll software enabling both the forecasting of expected costs and the reporting of actuals. The planning application can be built to the appropriate level of granularity (detail) for your organisation. The solution can incorporate the complexities of split cost centre allocations, maternity leave, temporary staff, vacancies, redundancies, headcount statistics, pensions, national insurance thresholds and role changes.

Featured Case Study: DC Thomson

" Simpson Associates demonstrated that they were true experts in the field; within a few weeks they had a solid understanding of our business requirements and turned around an initial solution within an astonishingly quick timescale."

Gillian Troup, Group Financial Controller
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Demand Planning Icon Demand Planning

Greater competition, more frequent product launches, promotional campaigns and shorter product life cycles have made running a smooth operation increasingly complex. Accurate capture of demand combined with the modelling of resource requirements provides certainty and efficiencies within the operation. Planning the requirements – labour, raw materials, machine time, and distribution and the financial impact of these ever changing demands can be challenging, especially without accurate forecasts.

We can help you design and implement an effective demand planning solution. This will enable you to improve the accuracy of revenue forecasts, align stock levels with peaks and troughs in demand, and enhance profitability for a given channel or product.

Scenario planning is often incorporated as part of the solution. The ability to model and compare plans with a variation in the demand assumption allows the management team to understand the impact of these changes. Scenario planning may be in the form of sensitivity analysis, or specific known scenarios which require modelling. The application will allow for the scenarios to be captured, compared and the potential responses to be evaluated.

Featured Case Study: Quorn

"In the past we would have had to put blood, sweat and tears into producing the start of month forecast. The beauty of this system is that the week before the month is due to start, we can do a quick re-run of the forecast to get an update. I can now make changes to a forecast and within minutes see what the output of that is. In the past I would have had to wait days or even weeks."

Richard Garner, Sales Director
Nick Evans
Do you have a question? Call 01904 234 510 or Email Nick
Simpson Associates NEXT Planning, Budgeting & Forecasting EVENT

HESPA 2018

  • From Thursday 08th February 2018
  • LOCATION: University of Strathclyde Technology and Innovation Centre 99 George Street Glasgow
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HESPA 2018
Simpsons Associates Planning, Budgeting & Forecasting News

Orbit Housing Group choose Simpson Associates & IBM Planning Analytics as a Budgeting and Forecasting solution.

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"The BOARD system is integrated to everything we do in running the commercial side of the business. From a financial point of view it's the one version of the truth. It's where we go to make sure our financial information is accurate."

Martin Lofnes, Chief Finance Officer Read Case Study
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“I feel the BOARD system has the capabilities to further deliver my vision. Indeed, we are currently in the ‘Glory Phase’ of the project and we are making much better use of our people by making much better use of technology"

Martin Gratton, Group Finance Director Read Case Study
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"There were loads of inherent problems of using Excel. It was the bane of my life at the time. There was a budget cycle where there were numerous errors and that was definitely the catalyst for thinking we can't proceed like this.”

Rebecca Peach, Planning & Reporting Manager Read Case Study
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