The goal that we had in mind when we built out this feature was to give the organization a single place to collaborate on their changing financial plan.
We thought a lot about two different users. As the head of FP&A
, I want to get deeper insight from the departmental managers. I want to stay in sync with them as their plans change, so I can find ways to support their goals. When departmental managers put their changes in Cobbler those changes automatically roll up so I can see how they impact the top-level plan. I can also make sure that changes don't slip through the cracks because they're all funneling through the same system. As a business user
, I want finance's help getting more budget for the programs that I need to run to hit my business goals. I can increase my forecast and provide details about how I'm going to use the money for items that aren't easily controllable like cloud spend–or I can request new budget for additional programs that might help us accelerate our goals.
Helping these users work through these budget increases helps further the organization's goals as a whole.
Bottom-up forecasting is an important part of building out a high-caliber forecasting process. Today the process to do so is really manual, which discourages many FP&A teams. Cobbler can help streamline this process. Book a demo
with our sales team to learn more about how Cobbler can help your finance team improve your forecasting process.