Financial Planning

Piteco solutions support Corporate Treasury & Finance departments by providing new functionalities dedicated to the finalisation of a reliable, high value-added Cash, Financial and Capital Planning process.

Piteco supports the management of short, medium and long-term planning, also known as Corporate Financial Planning, and acts as a collector and normaliser of all available forecast and actual information, in order to simulate scenarios and projections aimed at an accurate assessment of the present and prospective financial situation.

Corporate Financial Planning is a key strategic process for a company’s liquidity planning. By analysing financial data, forecasting cash flows, creating corporate budgets and managing financial risk, Corporate Financial Planning provides a comprehensive and proactive view of the company’s financial situation, supporting strategic decisions and ensuring long-term financial sustainability.

The Financial Planning Suite integrates the final and forecast data – created by Piteco or by third-party applications – with the economic and patrimonial data of the auditing balance sheet, making it possible to obtain the final and forecast Cash Flow with direct and indirect method, the Net Financial Position, the Availability Situation, the analysis of deviations from the forecast data, the Budget, the Forecast and the Revised Budget.

The Piteco suite integrates Operational Planning – linked to Treasury Management and Short-Term Planning – with Medium and Long-Term Strategic Financial and Capital Planning.

Short-term Financial Planning focuses on the company’s immediate financial needs, generally covering a period not exceeding 12 months. Piteco can acquire granular data from ERPs relating to schedules and orders and generate simulations starting from the repositioning of the actual due dates for receivables and payables, redetermining the Cash Flow of receipts and payments in order to define the forecast Cash Flow over a short-term time horizon supporting what if actions.

Intelligent Financial Planner (IFP), integrated in Piteco EVO, uses Artificial Intelligence to enhance Financial Planning. IFP analyses data, identifies patterns and suggests optimal strategies, supporting the Cash Planner and Treasurer in strategic decisions.

IFP analyses constraints (business, technical, contractual, strategic) and objectives, suggesting concrete actions – how to – to optimise the financial manoeuvre. It identifies the possible options for managing the cash surplus or deficit, indicating the operations to be carried out for this purpose, e.g. channelling of payments, financial manoeuvre, procurement, reallocation of liquidity to meet payments.

Piteco supports the creation and management of the Medium and Long Term Financial, Capital, Strategic Planning process starting from the acquisition of the economic and investment budget data, revised budgets, including additional relevant data, in addition to the initial balance sheet.

The Piteco Planning Suite generates the financial and economic budget, various forecast scenarios and determines the forecast and actual Net Financial Position.

The integration of economic and asset information in short, medium and long term planning processes, together with the high automation of processes and the deep integration between the conferring information systems, generate simulations, planning scenarios, and information presentations through easily usable dashboards and reports, projected over the analysis time horizon requested by the user.

In addition, the Planning Suite allows to operate in forward-looking mode to fully cover the requirements of the regulations on Business Crisis, using a financial control model that allows to detect ex-ante possible financial tensions and plan in time corrective actions aimed at rebalancing the economic-financial situation. It also allows the calculation of the DSCR index.

We chose Piteco as a partner for our Financial Planning project because our expectations were fully understood right from the start: to be able to use an advanced tool that goes beyond the results obtained through the classic Cash Flow Forecast and Financial Position functions as a whole, over a 6-month rolling horizon.

Enrico Fila Robattino, General Manager Finance, IT & HR HERNO