MODLR

Variance Analysis

Measure budget, profitability, project milestones and improve operational efficiencies of your business through variance analysis.

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Variance Analysis Ensures Transparency and Validity of Financial Information

Variance analysis provides the benefit of detecting and explaining any inconsistent trends in balance fluctuation, which is crucial for both internal efficiency and for internal and external auditing. The essential aspect is having an effective mechanism to identify accounts in such situations and establish controls that mandate explanations for them.

Enhancing Profitability through Prioritizing Value-Adding Tasks

To improve profitability, it is essential to prioritize value-adding tasks and address root issues instead of focusing on unproductive ones. MODLR can automate the process of calculating and maintaining variance activity, which enables easy comparison of cumulative balance and individual account activity changes between different time periods.

Have confidence in your future with MODLR

Assist in identifying the most biggest variance.

Collaborative features facilitate speedy completion of variance analysis exercises and help prioritize critical items with versatile analytical tools.

Visualising Month-end Analysis in MODLR.

Customizable data visualizations provide flexibility without requiring coding skills. Use a range of visualizing tools, including waterfall analysis, bar graphs, and side-by-side charts, to perform month-end variance analysis. Highlight the most significant variances automatically.

Seamlessly collaborate for completion of monthly variance analysis

Ability to facilitate large-scale, multi-site, and collaborative planning without any scalability limitations empowers geographically dispersed teams to engage in rich discussions and make faster decisions about highlighted and concerning variances.

Varaince Analysis with MODLR Software

Build standardised reporting packs and visualize variance Reporting and Reporting and visualization visualization Analyse trends and determine variance per accounts and actuals Root cause Root cause analysis analysis Analyze trends and determine variance between plan and actuals Determine Determine variance variance Set up company, accounts and departmental structures Map your reporting Map your reporting structure structure Import your budget statement or input your data manually Import budget or Import budget or input your data input your data Automatically import your historical spend from ERP Import trial Import trial balances balances Design a live connection between MODLR and your ERP Integrate with Integrate with ERP(S) ERP(S) Action Action plan plan Action plan can be generated, implemented and monitored

ERP Integration

Connect to your ERP to automatically pull the most recent actuals

Excel Integration

Plan and Report on MODLR models from within Excel Workbooks.

Audit-reporting

View Audit reporting of who changed what, and when

Variance Analysis

Collect commentary on variances between actuals, budgets and forecasts

Globally Apply Logic

Apply business logic across models globally, not in fits and starts across specific cells in certain spreadsheets

Notification Support

Send emails or SMS alerts when submissions are made to the budget

Driver-based Planning

Quantify the financial impact of your changing operational drivers

Flexible Budgeting

MODLR can adapt to different types of budgeting styles and methods, such as zero-based budgeting

varaince anaalysis: Manipulate Reports

Direct the conversation towards the outcomes

With powerful financial analytics and dashboards, showcasing and disseminating business outcomes to stakeholders becomes effortless. This means you can devote more time to discussing the way forward rather than constructing reports.

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Your entire data consolidated in a single location

Facilitate cross-functional teams with convenient access to both ad hoc and formatted reports on various aspects such as scenarios, metrics, actuals, etc. This will enable them to gain deeper insights into the factors that are contributing to the success of the business.

financial close and consolidation solutions

Gain a real-time view of your cash flow

Made for every customer, MODLR can integrate with your favourite systems, boasting a wide range of pre-built integrations including Oracle, SAP, Sage, NetSuite, Microsoft Dynamics and so much more. MODLR’s data source expertise and flexible integration capabilities ensure that our cash flow forecating solution will provide you with an always up-to-date cash flow forecast.

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To see the MODLR Cloud in action, schedule a personal demo with one of our modelling experts or watch an overview of the cloud platform.

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