Outsourced Budgeting and MIS Reporting

    Khandhar Mehta and Shah | Outsourced Budgeting and MIS Reporting

    Outsourced Budgeting and MIS Reporting

    Companies are required to have a strategic plan for all the money that comes and is spent in various operations – sales and revenues, assets, liabilities, cash flow, costs and expenditures, and others.

    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 KMS, 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.
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    Outsourced Budgeting Services

    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

    Outsourced MIS Reporting Services

    • Extracting data from your existing accounting software, CRM, third-party software, and plotting them on
      reporting tools, Excel, and business intelligence tools including, Power BI, Tableau, etc, and making big data analysis possible
    • We help you define and track KPIs so that you can always monitor the performance of your employees, sales, project, etc
    • Preparations of reports and dashboards with stunning visualizations and charts
    • Tracking profitability of each project and drawing comparisons
    • Preparation of customized dashboards for management reporting purposes for quick decision making
    • Preparation of reports for revenues and expenses segregated by business units, projects, geographies, products, and services
    • Profitability reports as per defined business unit,
      profit center, product category, geography, etc
    • Critical expense reporting
    • Monitoring and reporting of account payable and account receivable
    • MIS Reporting for sales by invoicing, order processing, collection, and other factors
    • Preparation of MIS reports on special requests from the management
    • Preparation of reports of functions where management intervention is needed for its betterment

    key differences of kms

    KMS’s strong team of budgeting experts assists its clients in budgeting and forecasting to provide a correct picture of their business and operations in terms of current performance, expected future growth, and in comparison to the industry standards.
    Our MIS reporting experts enable the client companies to track their progress towards the defined goals, help them in restricting their expenditure, and facilitate accurate forecasting of cash flow and profits so that they remain competitive in the market.
    Our team’s good number of years of experience in providing outsourced budgeting and MIS reporting for different industry types enables us to assist you in preparing the budget, forecasting sheets, and MIS reports for your business operations.
    Our Outsourced MIS reporting process is seamless, and we connect our reporting tools with the most accounting software to provide you with the timely MISS reports.

    our clients say

    trust.  transparency.  professional expertise.

    Thanks a lot to the team at KMS for helping us in MIS reporting. Your experienced and qualified team of budgeting consultants prepared the necessary budgets for us and helped us track them with the timely MIS reports. We would always be grateful to you and would engage you for similar work in the future. Thanks again, KMS!
    CFO, IT company
    KMS’s team of professionals in outsourced budgeting and MIS reporting understood our budgeting and reporting requirements well and responded quite effectively. They helped us in preparing spreadsheets with all the required details so that the project teams can make efficient decisions on time. They also helped us in budgeting for various functions. We would surely recommend KMS’s name to anyone looking to outsource their budgeting and MIS reporting work.
    Co-owner, Consulting Firm
    KMS’s budgeting for our entire operations and different functions have been quite impressive. Their team has shown promptness, diligence, and proficiency in dealing with all the reporting requirements. Their professionalism and eye for details ensure error-free work within the deadlines. We will keep coming back to you for more such work.
    Manager, Manufacturing firm

    frequently asked questions(faqs)

    Budgeting is an implementation of a business plan. It involves a process wherein revenues and expenses of a specified period are estimated.
    Some of the key types of budgets include:
    • Sales budget
    • Financial budget
    • Personnel budget
    • Production budget
    • Overheads budget
    • Master budget
    MIS reporting is a reporting procedure on the performance of the organization used by the management for assessment and strategic decision making.