Budgeting is such an important process, regardless of whether you’re doing financial planning in your personal life or full-scale organizational budgets and forecasts. For non-profit organizations, budgeting can be the exact reason you are able to live within your means, surviving to continue providing what the community needs. When recently speaking to non-profit budgeting contributors, I discovered that one of the biggest hurdles is the technology they are using to respond to today’s complex planning demands. Excel might be perfect for a household budget, but performs subpar for any organization of a healthy size. If you’re reading this article, you’re probably looking at independent software vendor (ISV) budgeting tools that can bring together your historical Intacct actuals and/or maybe information from another system, like payroll from ADP, to simplify and upgrade your planning processes. Modern planning software delivers secure collaboration for your budgeting and forecasting tasks, which streamlines the requisite teamwork, so that you can successfully live within your organization’s means.
Financial reporting is perhaps the cornerstone of Business Intelligence (BI) analyses as they quantify a company’s financial health in what should be an easily digestible set of operational and financial reports. Business is moving so fast these days, and Retail is exactly the same. Accounting systems, like Microsoft Dynamics NAV, usually provide built-in financial reporting functionality. But with consumer demands for complex, richer data analyses – and reporting that is specific to your industry – the native report designer is typically subpar for end user objectives. In this article, we’ll explore independent software vendor (ISV) offerings for dynamic, easy-to-use, and modern financial tools that provide Retail companies the analytics they require to make informed decisions about the future.
Whether you’re budgeting, forecasting, or modeling for your organization, you need historical actuals and projected figures, so you can build a plan to navigate challenges and seize opportunities in the coming months, quarters, and years. A lot of Sage customers default to Sage Active Planner when choosing a planning tool despite that it is aging and despite the limitations or issues you might read about if you do a quick search on the internet. However, there are several budgeting tools available for Sage customers that can upgrade your planning functionality, whether that be homegrown, native Sage ERP abilities, or an independent software vendor (ISV) offering. This article will discuss your best options for replacing Sage Active Planner.
Dashboards or data visualizations come in the form of graphs, charts, and scorecards, and you’ve undoubtedly interacted with them in some capacity. This is probably because executives are prioritizing this software offering, as Gartner’s recent study on Financial Executive International CFO Technology reported. Since business is always moving at such a rapid pace, we need easily digestible and accessible data analyses. Data visualizations provide precisely that: charts, graphs, and scorecards spotlight trends, successes, and challenges employing key performance indicators (KPIs) and your data to inform management decision-making for a department, a project, and/or the entire organization.
There’s a population of Professional Services organizations who are using Acumatica to manage a parent company financial portfolio for a number of subsidiaries. Aggregation of multiple entities’ financial data, at times with different currencies, can be challenging without modern consolidation software. Since data continues to become bigger in size and meaning for decision-making, more executives are looking for the right solution to empower business end users to consolidate information in a unified set of financial statements. This article will discuss your options for easy-to-use, powerful financial consolidations with Acumatica, specifically for Professional Services organizations who need a modern software solution.
Data continues to be the non-negotiable ingredient to decision-making, maybe especially for manufacturing and distribution companies trying to stay on track to achieve their goals. With data growing in amount and importance, data warehouses are tangentially relevant in today’s business world. If you’re anything like me, you have questions that sound a lot like who, what, when, where, why, and how – all related to data warehouses. Who can manage a data warehouse? What do they compare to / resemble? When should a manufacturing and/or distribution company implement one? Where are they hosted? Why not an OLAP cube instead of a data warehouse? How do we configure a data warehouse? As a manufacturing or distribution Sage X3 user, you probably have one or more of these questions. In this article, I’ll go about answering some of the frequent questions, so you can understand data warehousing as a solution and decide how to best meet your data management goals with Sage X3.
No matter if you are budgeting, forecasting, or analyzing what-if scenarios for your company, they all consist of historical actuals and projections, so you can plan specifically for managing your retail organization, circumventing obstacles and maximizing your momentum in the coming period. There are several tools that can assist retail companies using Dynamics AX to expand their planning processes, whether you choose to craft your own method, rely on the native Dynamics AX budgeting function, or opt for an independent software vendor (ISV) solution. In this article, I’ll discuss your top options for today’s budgeting, forecasting, and modeling, specifically to meet your retail planning objectives with Microsoft Dynamics AX.
Budgeting might be one of the more logistically complicated organizational processes, probably due to the tedium of manual Excel budgeting for budget managers. Excel might be the international go-to software for finance departments, but the spreadsheet program typically can’t handle planning for organizations of a healthy size, like professional sports teams. More Microsoft Dynamics GP customers are choosing independent software vendor (ISV) budgeting tools for expanding and updating their planning processes. Some of today’s third party software streamlines budgeting and forecasting by zooming in on secure teamwork. Planning processes typically require collaboration in the important effort to live within our (organizational) means, with help from historical actuals and projections from all areas of the company.
A question I run into regularly has to do with SAP Business One users wondering why you might need to implement independent software vendor (ISV) software in addition to the accounting system. It is always interesting to discuss this concern, maybe as a hurdle for ISVs, but a legitimate confusion for some SAP B1 customers. A couple recurring clarifications tend to naturally surface. Firstly, no software manufacturer can produce a technology that solves every single organizational problem. For example, Apple iPhones offer the built-in Maps application, but still allow users to download Google Maps, just like any of today’s flexible accounting systems, like SAP B1. Since every company who uses SAP B1 has specific goals, particular budgeting requisites, and rules, the enterprise resource planning (ERP) system will vary in effectiveness for each organization. ISVs offer corporations the ability to personalize their data management and analyses.
Just like that, the fall event that I know a lot of Dynamics folks were excited and gearing up for, has come and gone. Last week, the Dynamics User Groups Summit for AXUG, CRMUG, GPUG, and NAVUG took Reno, Nevada by storm for a week of learning, sharing, networking, and community building, as well as some gambling and sightseeing. This was the first time I was able to attend the event, but it really seems to be the premier consumer-driven Dynamics event, delivering visibility in terms of leadership within the user groups, as well as roadmap plans for the individual products and how the communities are navigating challenges and opportunities for best practices and best-of-breed tools that can speak to modern data management and analysis processes. In this article, I’ll discuss the highlights from the 2015 Dynamics Communities Summit.