Variance Analysis Template

An eBook that gives complete information on variance analysis. It discusses its purpose and applications in treasury, the traditional methods for calculating variances, and the best practices.

An Excel-based variance analysis template to calculate the variances between forecasts and actuals.

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CONTENT

Introduction

What’s inside the toolkit?

How to use the variance analysis template?

Need some help?

Introduction

Variance analysis refers to comparing the forecast to the actuals for a given time period. It is vital to measure whether the variance is:

Favorable (actuals > forecasts)
Unfavorable (forecasts > actuals)

Having the numbers and the charts readily available helps to make accurate and timely decisions. Despite the importance of variance analysis, most companies tend to perform it for limited durations or perform it at the last moment. As a result, the treasurers take reactive decisions instead of proactive ones.

What’s inside the toolkit?

An eBook that gives complete information on variance analysis. It discusses its purpose and applications in treasury, the traditional methods for calculating variances, and the best practices.
A ready-to-use variance analysis template for all quarters, along with graphs to visualize and consume the data in a faster way.

How to use the variance analysis template?

Simply enter the data for your forecasts and actuals for different quarters.
The template will automatically calculate variance in your total cash inflows and cash outflows.
Determine the variance for categories such as payroll, debt, investment, A/R, A/P, taxes, etc.
Refer to the graphs to understand the variance in an efficient and faster way.

Need some help?

HighRadius AI-based cash forecasting solution supports performing variance analysis for multiple cash flow categories across multiple regions, entities, and currencies.

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Order to Cash

Accounts Payable

B2B Payments

Consolidation & Reporting

Close & Reconciliation

Treasury & Risk