It is challenging and time-consuming to create a practical budget due to changing forecasts and to identify necessary actions such as contract renewals or adjustments of agreements due to fluctuating invoice amounts.
Coordinating many subscriptions and IT contracts with different involved parties makes the process complex and time-consuming, especially when trying to gather input for a consolidated forecast.
Struggling to enter invoices and update forecasts due to discrepancies between planned and actual values. Storing historical contract data increases the workload and requires careful maintenance of many Excel sheet variants.
Evaluating differences between the expected financial plan/forecast and the actual invoiced transactions related to subscription and contract payments.
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