Such budgeting is a prerequisite for any firm – big or small. Furthermore, it is also essential to report the numbers correctly and in time to enable the decision-makers to make the right decisions at the right time. Such an MIS reporting system proves to be crucial for a company in the current times of a complex and competitive business world. We, at SMC, are a solution for you, as we are engaged in both outsourced budgeting and MIS reporting services to ensure that the financial health of the company remains positive. Our financial expertise helps us provide you recommendations that can reduce costs, increase profitability, and make timely informed decisions.
Preparation of annual, semi-annual, and quarterly operating budgets for the company for comparison with financial goals and objectives
Preparation of budgets individually for departments to understand the costing for each department and comparison purposes
Preparation of annual costing of different projects, which may be used for the entire lifetime of the project to control expenses
Preparation of capital budgets for companies to recognize, evaluate, and strategize the capital needs of a company
Preparation of cash flow forecasting models to identify the variances of the cash flow from the budgeted amount
Enabling smooth communication between the top management and different departments regarding financial planning and goals
Assisting in preparation of budget-to-actual and budget-to-forecast reports to ensure alignment of actual spending with the priorities
Assistance in understanding the variances and responding to the queries on variances from the top management
