Solutions
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Publishing Budgeting & Continuous Forecasting
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Publishing sector organisations can streamline budgeting and continuous forecasting capabilities by implementing the advanced corporate performance management solution, Mondelio.
Because of the nature of the industry, Publishers have to approach budgeting and forecasting from a customer-based, rather than product-based, perspective and need a solution to facilitate the overhaul. Because these organisations are subscription-based, they operate differently to most companies. Revenue is based on current subscribers and companies must allow for some attrition as well as some growth.
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LexisNexis Australia
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Businesses in this industry need the ability to effectively develop and manage budgets, run “What if” scenarios and set up detailed reporting and forecasting systems. Mondelio supersedes spreadsheets and business intelligence products. Its power lies in its automation and ability to utilise historical data to manage both the past and the future in one software solution.
Organisations today require an integrated system that allows them to budget and forecast revenue while meeting the necessary requirements of integrity, security and efficiency.
Mondelio can be used to continuously reforecast budgets throughout the year. On a monthly basis, it can be used to upload personnel figures and on a Divisional level by Human Resources, Finance and Publishing.
LexisNexis is uses Mondelio extensively in its Human Resources Division in budgeting for personnel costs. Gemma Leitch, LexisNexis Human Resources Advisor, said Mondelio allowed her to upload details of employment packages for each of the company’s 320 full time and 200 casual staff. She said Mondelio’s reporting capability had given LexisNexis excellent visibility across budgets in HR tracking employment and labour costs and saved many hours in ‘number crunching’.
Mondelio allows organisations to achieve significant efficiency gains as well as advances in data integrity and security.
Case Study
View the LexisNexis Case Study
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