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:

elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
rexx HR - Vacation Manager
Vacation management, absence management
elKomPLAN
elKomPLAN
 
 
 
 
 
 
Software for integrated corporate planning, reporting and group consolidation
Project planning, project steering, project controlling, time management - 100% web based
rexx succession planning - keep an eye on the eligible talents at all times
elKomKONS
elKomKONS
 
 
 
 
 
 
Software solution for consolidation (HGB, IFRS, US-GAAP) and planning & reporting
omniSuite
omniSuite
 
 
 
 
 
 
Platform for creating business applications
Sage HR Suite
Sage HR Suite
 
 
 
 
 
 
Personnel software from Sage - lead your employees with success
flink
flink
 
 
 
 
 
 
Modern performance & analytics software
HeavenHR
HeavenHR
 
 
 
 
 
 
Personnel management. Simple. Online.
Show all 28 programs with Target/actual comparisons