SoftGuide > Functions / Modules Designation > Target/actual comparisons

Target/actual comparisons

What is meant by Target/actual comparisons?

Variance analysis involves comparing actual results (actual values) with planned or expected values (target values). These comparisons help identify deviations, assess performance, and implement potential improvement measures.

Typical Functions of Software in the Field of "Variance Analysis":

  1. Data Integration: Integration of data from various sources such as ERP systems, financial accounting, or production systems to capture comprehensive actual data.

  2. Automatic Calculation: Automatic calculation of deviations between target and actual values in various areas such as finance, production, sales, or personnel.

  3. Visualization: Graphical representation of variance analyses using charts, tables, and dashboards to make deviations easily identifiable.

  4. Report Generation: Creation of detailed reports on deviations, their causes, and possible impacts.

  5. Alert Functions: Setting up notifications and alert systems that automatically send alerts to responsible parties in case of significant deviations.

  6. Trend Analysis: Analysis of trends over different periods to identify recurring deviations and long-term developments.

  7. Planning Adjustment: Ability to adjust plans and budgets based on the results of variance analyses.

  8. Benchmarking: Comparing actual values with industry benchmarks or best practices to evaluate own performance.

Examples of Variance Analyses:

 

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The function / module Target/actual comparisons belongs to:

Methods / Optimizations

Actual, target and planned costs

Software solutions with function or module Target/actual comparisons:

ESG ASSISTANT (MR.KNOW)
Digital assistant for the implementation of ESG regulations
BusinessPlanner
BusinessPlanner
 
 
 
 
 
 
The planning software for transparent and up-to-date corporate planning
myPARM - Multi-project management software
Multi-project management and PPM software
HeavenHR
HeavenHR
 
 
 
 
 
 
Personnel management. Simple. Online.
elKomPLAN
elKomPLAN
 
 
 
 
 
 
Software for integrated corporate planning, reporting and group consolidation
rexx HR - Personnel Management / Digital File
Personnel Management / Digital Personnel File
flink
flink
 
 
 
 
 
 
Modern performance & analytics software
VEDA HR
VEDA HR
 
 
 
 
 
 
Standard business software
PROCESS HR
PROCESS HR
 
 
 
 
 
 
Optimize staff scheduling, duty scheduling, time recording via web-based software
elKomKONS
elKomKONS
 
 
 
 
 
 
Software solution for consolidation (HGB, IFRS, US-GAAP) and planning & reporting
Show all 27 programs with Target/actual comparisons