It doesn’t matter if you’re crafting a budget, a forecast, or a what-if analysis for your corporation – they all require actual historical figures and projected numbers, so you can strategize effectively for management of your manufacturing or distribution business, overcoming hurdles and maximizing opportunities in the next period. There are plenty of solutions that can help manufacturing and distribution organizations relying on Dynamics AX to upgrade their planning tasks, whether you decide to design your own procedure, depend on built-in Dynamics AX functionality, or go with a third party tool. This article will explore some of your top options for modern budgeting, forecasting, and modeling particularly to meet your manufacturing or distribution planning goals with Microsoft Dynamics AX.
You’ve probably noticed or heard that dashboard software is really popular in the Business Intelligence (BI) arena these days. Additionally, Gartner’s recent study on CFO technology priorities concluded that dashboards, scorecards, and performance management tools are number one for financial executives today. Professional sports teams are typically relying on dashboards in terms of athlete performance anyway, so BI dashboard analytics are a logical extension of easy-to-digest, quickly accessible analyses. Dashboards or charts, graphs, and scorecards that showcase data trajectories, successes, and challenges with key performance indicators (KPIs), whether you are looking at off-season plans, investments, payroll, or the overall financial picture of your professional sports team.
Budgeting is a task that requires actual data, research, goal setting, and teamwork, and depending on your planning process, a lot can happen to change the course of your budget. Thus, I would argue that besides historical actuals, there are enough variables in the context of financial planning for your company that makes budgeting a challenging task at times. If you like to see some options and dynamically approach planning by being adaptable and exploratory with different outcomes, what-if analyses and modeling will allow you to do just that. In this article, we’ll explore what-if planning and modeling functionality that comes with some modern budgeting tools for Microsoft Dynamics customers.
My theory for why budgeting is such a dreaded responsibility has to do with how tedious manual Excel budgeting processes can be for budget managers. Excel might be globally entrenched in the finance culture, but the spreadsheet application performs below par for any healthy organization. More and more Microsoft Dynamics NAV users are turning to independent software vendor (ISV) budgeting tools to expand and modernize their planning tasks. Some of the modern ISV tools streamline and expedite budgeting and forecasting by focusing on secure collaboration. Budgeting and forecasting are regular processes elevated by teamwork because of the necessity to live within the financial means of an organization based on actuals and research from all areas of the company.
There is a population of non-profit Intacct customers who are overseeing the financials of their organization with multiple locations or entities. Consolidating organizational information from more than one location, sometimes with diverse currencies, can be tedious without a premier financial consolidation solution. Data continues to grow in size and significance in terms of decision-making. More executives than ever are shopping for the right tool to allow their business end users to aggregate data into a set of financial statements or for summarized operational reports. This article will zoom in on features and functionalities for the non-profit Intacct user who performs consolidations for monthly financials or annual budgets for the parent organization.
Regardless of whether it is a budget, a forecast, or a what-if scenario you are putting together for your company, you will need actual historical numbers and projections, so you can plan effectively for managing your manufacturing or distribution company, meeting challenges and seizing opportunities in the coming period. There are several software choices that can aid manufacturing and distribution companies using the Sage X3 ERP system in taking their budgeting to the next level, whether you choose to design your own process, rely on native Sage X3 functionality or select an independent software vendor (ISV) tool. This article will discuss some of the premier options for today’s budgeting, forecasting, and modeling specifically to meet your manufacturing or distribution planning needs with Sage X3.
In today’s fast-paced business world, perhaps especially for retail corporations, data is essential. Because data is driving decision-making, retail companies are strategizing to stay on budget and on track with their stores, customers, vendors, managers, and so on – and a data warehouse can be really impactful in supporting Business Intelligence (BI) analyses. As with most technology, if you aren’t already using a modern offering, you probably have questions. This article will go about answering the most common questions you might have about data warehousing with Microsoft Dynamics AX for your retail company.
Solver and its global family of international companies came together last week to host their annual partner and user conference, BI360 Focus 2015, in beautiful Marina del Rey, California. As expected, it built on last year’s momentum delivering higher attendance, more learning sessions and educational tracks available for participants – and even a Ted Talk speaker presenting the second keynote address of the event.
This was my second time participating in Solver’s big user conference, BI360 Focus, hosted in sunny southern California, and it simply got better. Networking happened organically through thoughtful discussions, panel presentations, Q&A sessions, a welcome reception, a game of volleyball, or Amazing Race teamwork, amongst other opportunities. Customers and partners alike registered in record numbers, selling out the conference. And while Partner Day was added last year, the Solver team expanded the day to include a track of consulting/technical implementation and independent software vendor (ISV) sponsor sessions, detailing integrations and best-of-breed solutions with BI360. The Welcome Reception, held in the courtyard of the Marriott, offered a tasting event of California trends in food and beverages that brought customers and partners together before the customer conference even began.
Whether you call them dashboards or something along the lines of data visualizations, graphical scorecards, or charts, they’re ubiquitous these days. This is likely because they are a top software priority for executives, according to Gartner’s recent study on Financial Executive International CFO Technology. Because we are always seemingly at a breakneck pace in business, we need quickly accessible and digestible data analytics. Dashboards or data visualizations deliver exactly that – graphs, scorecards, and charts that illustrate trajectories, opportunities, and challenges through data and key performance indicators (KPIs) to better manage a project, a department, or the entire organization.
In the business culture of today, maybe particularly for Professional Services companies, data is king. Since data drives decision-making, and Professional Services teams are working smartly to stay on track and on budget with clients, projects, vendors, and so forth, data warehousing can be really effective to support Business Intelligence (BI) analytical tasks. When I first learned about a data warehouse as a solution, I had questions, so you might as well. In this article, I’ll go about providing the answers you need about data warehousing with Acumatica for your Professional Services organization.