Six Degrees Planning

Six Degrees Planning is a financial planning and analysis software solution designed to streamline financial reporting, revenue planning, people planning, and asset planning for businesses of varying sizes. According to the vendor, this software caters to the needs of finance professionals, business analysts, financial planners, CFOs, and finance teams across industries such as retail and manufacturing. With its user-friendly interface and robust features, Six Degrees Planning aims to empower businesses to make informed decisions and optimize their financial strategies.

Key Features

Financial Reporting: According to the vendor, Six Degrees Planning simplifies financial statement preparation by eliminating the need for spreadsheets. It offers built-in capabilities to quickly and accurately prepare profit and loss, balance sheets, and cash flow statements. The software automatically updates balance sheets and cash flow statements, providing users with up-to-date financial information.

Revenue Planning: The vendor states that Six Degrees Planning enables businesses to effectively plan, budget, and forecast their revenue to support strategic decision-making. Users can customize the planning process to their specific business model, utilizing driver-based planning and scenario analysis. The software provides AI-driven projections, sales forecasts, and budgeting capabilities to enhance decision-making accuracy.

People Planning: According to the vendor, Six Degrees Planning helps businesses align their workforce plans with their strategic objectives. Users can plan and model their workforce based on various parameters such as department, franchise, location, and seniority. The software supports both bottom-up and top-down workforce planning, enabling businesses to optimize workforce allocation and ensure alignment with overall business goals.

Asset Planning: Six Degrees Planning allows businesses to efficiently plan and model their fixed asset movements, including capital expenditure, depreciation, and disposal. The vendor states that users can forecast asset additions, disposals, revaluations, and depreciation, and analyze the impact on the balance sheet and cash flow. The software supports driver-based calculations for capital assets, providing detailed information on each fixed asset and automatically updating the general ledger and financial statements.

Real-time Analytics: According to the vendor, Six Degrees Planning offers customizable dashboards that provide real-time analytics. Users can track budgets, identify issues, and analyze variances, enabling data-driven decision-making. The software seamlessly integrates with most GL/ERP systems, ensuring access to current and accurate data.

Customizable Planning Process: Six Degrees Planning allows users to tailor the planning process to their specific business needs. The vendor states that users can customize driver-based planning based on different business rules and post to different general ledger accounts. This flexibility enables businesses to align their planning process with their unique requirements.

Scenario Analysis: The vendor states that the software provides robust scenario analysis capabilities, allowing users to model different scenarios and evaluate their potential impact on financial outcomes. Users can simulate variations in salary bands, location, ramp-up time, and project-specific requirements, empowering them to make informed decisions and mitigate risks.

Collaborative Planning: Six Degrees Planning offers workflow tools for collaborative planning, task management, and notifications. According to the vendor, this feature ensures seamless collaboration among team members, streamlines planning processes, and facilitates effective communication and coordination.

Granular Access Control: The vendor highlights that the software prioritizes security by offering built-in roles and Microsoft Account logins for granular access control. This helps ensure appropriate access to sensitive financial data and minimize the risk of unauthorized access or data breaches. Additionally, Six Degrees Planning holds ISO27001 certification for data security.