Comshare's BudgetPLUS and Decision Software Revolutionize Budgeting for Republic Bank

Strategic Insights -

Republic Bank, headquartered in St. Petersburg, Florida, is leveraging Comshare's BudgetPLUS, Decision, and DecisionWeb application software to implement a completely automated budgeting system. The goal is to have the entire system in place by the end of 1998, in time for the 1999 budgeting year. The system will enable managers to input information easily, without requiring extensive computer expertise. Key features of the system include the flexibility of a spreadsheet and the control of a general ledger, as well as the ability to save multiple budget variations and easily move cost centers around in the system.

Key Takeaways:

  • Republic Bank is migrating to a completely automated budgeting system using Comshare's BudgetPLUS and Decision software.
  • The system will enable managers to input information easily using an Excel front end.
  • BudgetPLUS offers the flexibility of a spreadsheet and the control of a general ledger.
  • The system allows for the saving of multiple budget variations and easy re-allocation of cost centers.
  • Comshare's experience in the market for over 30 years played a significant role in Republic Bank's decision to partner with them.
  • Comshare consultants delivered a system that met Republic Bank's requirements, showcasing their understanding of business needs and ability to create tailored solutions.

Statistics:

  • Republic Bank plans to have the entire budgeting system in place by the end of 1998.
  • BudgetPLUS uses an Excel front end to enable easy input of information by managers.
  • The system allows for the saving of multiple budget variations.
  • The man-hours saved in getting presentation-quality budget information to management are an additional benefit.

Sources:

  • "Comshare's BudgetPLUS and Decision Software Revolutionize Budgeting for Republic Bank" (Business Wire, May 19, 1998)
  • Comshare's Web site: http://www.comshare.com(home2.htm)