While mid-market and enterprise resource planning (ERP) vendors offer native financial consolidation software, their limitations often leave users still in search of a solution that can produce. Here are a few reasons why it has been difficult for ERP vendors to deliver the financial consolidation functionality inside the ERPs itself. Common Limitations in Current Financial […]
The rapid growth of Microsoft’s Dynamics 365 Business Central (D365 BC) cloud ERP system comes with investments in add-on app solutions by independent software vendors (ISVs). For example, Progressus is a company as described above and has a project solution for D365 BC. With Progressus, small and mid-sized companies receive easy-to-configure and advanced project accounting functionality […]
When you’re managing a large hotel or resort, your day-to-day job requires you to juggle countless moving pieces. From tracking KPIs to producing financial reports, running a sizeable hotel or resort is practically impossible today without the help of advanced hotel performance management software. Fortunately, there are many solutions on the market designed to accommodate the […]
Budgets can be difficult. While properly analyzing trends and patterns in your financial history and projections is an essential part of budgeting and forecasting, it requires long hours of tedious work if done manually. In fact, many businesses hire FP & A personnel specifically to perform tasks related to variance and analysis. Whether you’re a […]
If you have ever tried to build and maintain financial reports inside a visualization tool, the answer should be simple. Power BI works well for dashboards, but modern cloud-based corporate performance management (CPM) solutions are the best option for your financial reports. BI vs. CPM Let’s elaborate. Power BI belongs to a category typically referred […]
For many years it seems like every mid-market and enterprise resource planning (ERP) vendor has aspired to offer native financial consolidation software. However, they all seem to fall short, often to the disappointment of customers that were promised that their new ERP system easily could produce the consolidated financials from their individual subsidiary ledgers. So […]
Why companies are upgrading from spreadsheets to Corporate Performance Management Software There are typically two or three key motivators why an organization starts looking for Corporate Performance Management (CPM) solution: The pain of manual reporting or budgeting in spreadsheet is becoming a major burden on the finance team. Management sees a strategic advantage in […]
Do you wish your business had a better way to manage financial planning? Maybe you need to scale your financial model, but your Excel model or current financial planning software is no longer able to meet your needs. You may need a more efficient financial planning system that eliminates busywork and frees up your team to […]
This article will describe how organizations leverage planning software to increase efficiency.