Mainpac, an asset management software company, has introduced a new capital budgeting and forecasting tool that automates capital asset-based planning for businesses to ensure an effective decision making process.
Ensuring that the client’s business comply with ISO 55000 Asset Management Standard, the new budgeting & forecasting tool has been designed to guide business personnel for an effective asset management, using algorithms and MRO data.
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One way that Mainpac’s tool differs from the other common budgeting and forecasting tools in the market is that it receives data in real-time from various sources, asset management technologies, and enterprise resource planning and financial systems.
Based on such a real time data, the personnel receives deeper insight into operations, and improved clarity in planning and making strategic decisions.
The tool also facilitates the user in exploring potential outcomes of a business decision, with its advanced scenario planning function.
Using this key feature, multiple scenarios can be generated and compared in arriving at the best option outcome for implementation.
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By GlobalDataMainpac’s budgeting and forecasting tool targets mainly Australian businesses that are looking to maximise their operational effectiveness and return on investment, and alternatively minimise their total cost of ownership and time updating spreadsheets.
