Yes - 1. Scoping
We scope the implementation by working our way through the scoping diagnostic, reviewing existing budget models and reports, and facilitating a rapid prototype. Migration and process improvement options are assessed. Key stakeholders and project team members are determined. A project plan is prepared.
This typically involves initial administrator training, development of a change management plan and communication to all impacted people.
This commences with import of the charts of accounts, organisational structures and perhaps previous actual financial data to account or transaction level. The planning, consolidation and dashboard modules are built as detailed in the project plan. This might involve configuration of sales, personnel, expense, asset, project, operations and other planning input sheets, dashboard layouts incorporating required dimensions and measures, elimination and adjustments, balance sheet and incomes statement structures to support jurisdiction requirements etc. Versions may be developed to enable rolling forecasting or other approaches.
This phase might include designing simple budget versus forecast versus actual reports, perhaps including features like colour alerting, through to Board standard reporting packages that integrate nicely formatted incomes statements, balance sheets, cash flow statements etc with commentaries and are automated to run to Microsoft Office (formatted for Word, PowerPoint, Excel) or integrated with other Business Intelligence applications like Qlik.
5. UAT and Go Live
Finally we do User Acceptance Testing and move to production.