REACH Planning and Forecasting

The Bold Shore Financial and Operational Planning System, known as REACH, is designed for Management Accountants and Executives that require accurate and timeous financial and operational forecasts and budgets.

REACH is a co-managed solution that can be either on-premises or cloud-based and is commissioned in a short period. It is designed for organizations that are required to produce regular budgets and forecasts for internal and external stakeholders.

REACH comes preconfigured for standard functionality and is fully integrated with any ERP system to combine actuals and forecasted values to present a full-year forecast.

A robust and user-friendly web-based interface is provided for each module which allows for direct inputs or mass uploads of planning values.

All entries created in the system are based on the double-entry system. They are managed in multiple currencies and include automatic escalations.  In-built validations ensure a complete, accurate, and balanced trial balance.

All methods of calculations in the system are visible and validated, ensuring that the user fully understands the source of the entries.

Financial trial balance and cashflow statement come as standard and customized reports are available. For complex organizations, REACH can consolidate and eliminate inter-company transactions. Intergroup charges are also provided for and ensure time-consuming intercompany account reconciliations are no longer required.

REACH allows for instantaneous flexing of assumptions and input variables to deliver a full set of consolidated financial statements across your local or global enterprise.

Planning Models

Our Planning Solutions are capable of modelling every part of your business, including:

  • Centralised Assumptions and Protocols integration (commodity prices, CPI, FX rates)

  • CAPEX Fixed and Intangible Assets Planning

  • Human Resources Planning

  • Fixed Overhead Cost, Energy and Maintenance Planning

  • Volume based Variable Costing

  • Cost Allocations and Settlements based on statistical key figures (drivers)

  • Product Costing for major stocking points

  • Sales and Royalties

  • Tax

Accounting Functionality

All planning solutions will cater for your specific accounting policies such as:

  • Double entry system with Journal entry numbers

  • Transactional currency input with automated translations to Company and Group currencies

  • Cost Escalations (inflation) per currency type

  • Foreign exchange Profit and Loss calculations

  • Working Capital Sweeps

  • Balance sheet account Reclassification

  • JV Cut-backs and Proportionate Consolidation

  • Equity Accounting entries

Planning Results

A comprehensive set of results to your specific requirements will be generated by the Planning Solution, and can be reported on or interfaced to your ERP or BI solution:

  • Validation rules to ensure accuracy and completeness of planning results

  • Full Trial Balance in Company and Group Currency

  • Full Cash Flow Forecast in Company and Group Currency

  • View escalated or unescalated results for all currency types

  • Aggregation and Consolidation of different company codes

  • Variance analysis between plan versions and actuals

Benefits

Independent

Reduced reliance on spreadsheets for planning purposes, which have no central version control and limited audit trail

Are generally unsupported and hence prone error, and have inefficient integration between model

Agile

Being non-transactional, period-end based systems, a decent solution will deliver results during very short time frames

Ability to make changes to planning modules at short notice so as to prevent users from reverting back to spreadsheets

Integrated

Full integration with ERP systems

Complete set of master data to plan on (COA, Org structure)

Bridge the gap between Operational Planning systems and Financial Planning systems in order to ‘cash-up’ the business