Structured financial planning
Visualization of data, with customizable and automated calculations, and forecasting of different time spans.
No more fiddling with spreadsheets
Get key numbers updated and calculated directly in Navita. No more fiddling with formulas and importing data to your spreadsheet of choice.
Easy to involve people in the process
You are able to decide who has access to what. The cloud-based service means that you are able to access the data securely from any device with access to the internet.
Software dedicated to forecasting
Navita was created with the finance professional in mind who works with forecasting, budgeting and reporting. When simple add-on features in other software or spreadsheets feel limiting, this is a more complete solution.
Azets has over several years worked closely together with this type of customer in mind. Navita is the result of 15 years of experience with improving our software through answering the needs of our users. The software is the result of a long history, but it is also ready to develop new features based on the future needs of the professionals using the software.
With Navita it is easier for you to fulfill all your needs for financial and economic planning: Budgeting, forecasting and automated reporting.
- Interface in English, Finnish, Swedish and Norwegian.
- Two-step authentication
- Define rules and calculations
- Import all type of data through integration, not only financial data
- Access control on all levels of data, both for reading and editing
- It is possible to do automated export of data to other systems
Budget and forecasting use cases
Here are some examples of how our customers are using Navita
Budgeting can be started by copying current year actual data and the rest of the year forecast as the latest outlook, which can be used as a baseline for the next year's budget. It is possible to add growth from the baseline to the next budget.
You can take advantage of automatic value breakdown while entering a budget. For example an entered annual high level value can be split to months, to sub-accounts and to cost centers in the organisation according to a predefined rule.
Some items in a budget can be calculated automatically based on pre-defined rules such as social costs as percentage of salaries and wages or costs of goods sold as percentage of revenues. Navita calculation can be also utilized to eliminate internal group items to consolidate group total.
With support of calculation rules a budget can be generated based on non-monetary drivers: for example, given values represent amounts, unit prices, size of personnel, utilisation ratio etc.
The simplest forecast which Navita provides is an outlook of the current year combining actual data and rest of the year budget data. However, users can contribute to the forecast if outlook needs an update. And when one version is not enough, then many forecast scenarios can be created.
Forecast process can be initiated by copying existing budget or past actual data which works as a starting point before users start to contribute. The same calculation rules from budgeting can be applied in forecasting, too.
In addition to profit & loss forecasting Navita supports balance forecasts based on investment plan, depreciation time, loan payments, turnover days of working capital etc. Together these two forecasts provide a long-term cash forecast.
Results of each forecast scenario can be saved as a different data set which can be compared to each other. In reporting, forecasts can be compared to actual and budget data.
Following reports are provided by default: profit & loss, balance sheet, cash flow statement, working capital statement and financial KPI report. Additional custom reports can be generated for management reporting purposes and for a board of directors.
Drill-through to transactions from reports. Voucher attachments can be opened from transaction details when a web link is available.
All data sets, for example Actual, Budget, Forecast etc., can be compared in reports with differences. Data can be viewed in months, quarters and years.
For the management reporting Navita is able to allocate revenues and expenses to other departments and cost centers within (for example from organisation's support functions). Same allocation rules can be applied to all data sets.
Generate consolidated financial statements in Navita every month. Eliminations can be imported or entered. Navita can calculate eliminations of group sales and purchases by custom calculation rules.
Are you interested in a demo or more information? Please contact our consultants
Do you want more details about our services or become a customer? Submit the form or call our international sales team on +47 40 10 40 18 to get in touch with our specialists.