For finance, FP&A and program finance teams
Actual against budget against forecast, by cost center, account and project. What is driving the increase: headcount, rates, volume, timing or a one-off. Which workstream on a large program is burning contingency. From the ledger, budget, headcount and purchase order files you already hold, reconciled to the trial balance.
A monthly pack says a cost center is over budget. The question that follows is always why, and the answer usually takes an analyst two days. Covirage builds the bridge from the files: each line is a driver, the lines sum to the variance, and every line opens to the rows that make it.
Variance to budget, forecast or last year, split into headcount, rate, volume, timing and one-offs, by cost center and account.
Budget, committed, actual and forecast to complete by workstream and vendor, with contingency drawdown and the change requests behind it.
Anyone with access can ask what is driving a cost and get the bridge, the narrative and the rows, scoped to what they are allowed to see.
Three steps, in this order.
Entity, function, cost center and account, as they are named in your chart of accounts.
Ledger actuals, budget and forecast versions, headcount, purchase orders and commitments. Totals are checked against the trial balance.
The pack is ready on day one of the close, and the questions that follow it are answered from the same figures.
Short answers. The Help center has the long ones.
No. Deterministic tools compute every figure and check that the bridge sums to the variance. The model chooses the tool and writes the explanation.
Yes. They are separate workspaces with separate access, because in most organizations they are separate roles.
A program is a hierarchy of its own: program, workstream, work package and vendor. Budget, commitments, actuals and forecast to complete roll up through it and reconcile to the ledger.
Analytics software for finance and FP&A teams, compared · Alternatives to named products
Written for this industry: the measures, the data you already hold, and the arithmetic.
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