Budget management is crucial for the success of any company. However, many organizations still face challenges in the transition from spreadsheets to more advanced and customized systems.
To demonstrate that this is possible, regardless of how customized your business rules are, in this blog post we'll explore the success story of Value Group.
The company overcame these obstacles and enhanced budget management thanks to the Mitra platform. Check out how Mitra's first webinar of 2023 went.
Meet Our Guest: Moacir Vieira
The event featured Moacir Vieira, founding partner of VALUE GROUP, which has over 11 years in the market and specializes in business consulting, bringing together three companies: Value Advisory, Value Audit, and Value Consult.
But How Do You Solve Your Budget Management?
Developing a budget plan is one of the biggest challenges faced by companies. Many businesses still opt for spreadsheets despite their high propensity for serious errors and poor control, which can lead to inaccurate and costly results.
Moreover, they only realize the budget has been exceeded when it's already too late.
When Should You Review Scenarios and Why Is This Important?
According to Moacir, Brazilian corporate culture typically only reviews budgets when something goes wrong.
This is a practice that can be very costly for companies. He highlights four important moments when you should review your scenario:
Calamities. For example: pandemics
Variations. For example: significant currency fluctuations
Change of control. For example: partners entering or leaving
Relevant impacts on Critical Success Factors (CSF). For Moacir, the budget is a materialization of strategic planning, and in well-executed planning, you have your CSFs.
Check out the full explanation:
Do You Use the PDCA Method?
The CEO of Value also explained in detail the importance of the three-pronged vision: "Analytical, financial, and equity perspectives"—which form the pillars of sound budget management. Once these points are defined, there's plenty of work to be done. These phases follow the PDCA approach:
P (Plan:): selecting a process, activity, or system that needs improvement and developing clear, actionable measures always aimed at achieving expected results;
D (Do:): implementing the developed plan and monitoring its progress;
C (Check:): analyzing the results obtained from plan execution and, if necessary, reassessing the plan;
A (Act:): if successful, the new process is documented and becomes a new standard.
Learn more in the video below:
Are You Really Prepared to Scale Sales?
Experience was also key to this successful webinar. Moacir, who has over 15 years in the controllership market, told us he's witnessed some companies nearly fail by selling too much.
They sold beyond their working capital structure and had no way to sustain such growth. Today, software solutions combined with sound management practices serve precisely to support strategic decision-making and prevent such situations from occurring.
See the full case:
How Did Mitra Change the Game for Value Group?
Henrique Mundim also took the opportunity to present the success case between Value and Mitra.
According to Mundim, Value was able to abandon spreadsheets and create a fully customized system thanks to Mitra.
By using the platform, Value not only delivered greater value to its end clients but also strengthened its budget management culture. This impact helped reduce effort and accelerate the delivery of results.
Which Industries Does Mitra Serve?
Currently, the company works with over 100 clients and serves all industries. This personalized and innovative approach offers an agile and efficient way to address the challenges of financial management in the modern business environment.
In this video, head Henrique discusses this topic:
In conclusion, the partnership between Value Group and the Mitra platform proved to be an effective solution for improving budget management.
By adopting Mitra's no-code technology, Value Group was able to leave the limitations of spreadsheets behind, delivering greater value to its clients.
If you enjoyed this article and want to understand how Mitra can support your business, simply reach out to our specialists.