This article will focus on your options for modern financial budgeting solutions for your Sage Intacct ERP solution.
Choosing the right budgeting solution for your industry that integrates smoothly with your Sage Intacct enterprise resource planning (ERP) system can be challenging, but you have powerful options, and it will give you more knowledge about budgeting solutions for your company. In this article, we will explore Cloud-based budgeting and some of those solutions for Sage Intacct.
Letâs get down with the benefits. With cloud budgeting, it is faster to implement a solution because you are not installing on-premises. The installation and maintenance of your cloud solutions are the vendorâs responsibility. This is great for your IT department because it frees up time and energy from any involvement in the deployment and management of the budgeting software with powerful, modern security features.
As a Sage Intacct user, you already have an advantage as Sage Intacct was born during the Internet era. In fact, Sage Intacct helped lead cloud computing. According to partner Cargas Systems (www.cargas.com), using a software-as-a-service (SaaS) model, âSage Intacct handles all of its computing in the cloud, and eliminates the burden and expense of maintaining and upgrading hardware and software for the user. As cloud accounting software, Intacct provides unparalleled flexibility and scalability, and is ideal for global multi-entity and project-based organizations.â Similarly, the cloud allows users to gain secure access each time, anywhere they are, with full customizable, flexible budgeting.
Take a moment to think about all of the time, energy and money your company spends on a mostly manual budget process. Now, what functionalities and features are required when shopping around for an upgrade? Some elements you should consider are Excel or proprietary user interface, budgeting capabilities, stand-alone versus a comprehensive BI suite, integration methods, and cloud-based platforms.
I think a good reminder is that no software will solve any and all problems that may arise, but you should avoid product offerings that are not actually significant automation for your companyâs planning objectives. The top modern budgeting tool should enable you and your team to compare historical numbers with projected figures side-by-side for the next year, produce roll-ups, design templates that are reusable, multiple line items for accounts, utilizing parameters such as entity, department, and division, and the list goes on.
Cloud technologies has become widely adopted and trusted in the business realm. Microsoft Azure and Amazon Web Services (AWS), two of the biggest cloud-based platforms, hosts third party cloud applications and more so that your company can focus on projects from anywhere you can connect to the Internet, while being managed by a cloud vendor.
In the modern world, a lot of businesses rely on their employees working from different locations around the globe. Specialty budgeting tools are increasing in popularity, probably due to the flexibility, security, and user friendliness to partner with other departments. As you know, there are some budgeting solutions that are Excel-based, some are Cloud/Web-based, and others are hybrids, which offers a flexible format of spreadsheets and the mobility of the Internet. An increasing number comes with pre-built integration to Sage Intacct, such as Solver and Adaptive Planning. The best third party budgeting solutions also offer accounting logic that is built in for accessible automation and templates that are useable for the user.
If you are concerned about security, know that youâre not the only one. Budgeting solutions have been built with security in mind as vendors understand the importance of security in the Cloud. CPM vendors have invested an immense amount of time and money into making their solutions protected and easier to manage security by user. This concern of managing user access and protecting data will always be a priority.
Additionally, it is great to know that there are some third party software vendors that have complete suites of fully integrated BI solutions. If your companyâs roadmap includes an upgrade for dashboards, and/or data storage, financial reporting, you should consider investing in a BI suite. Rather than relying on several stand-alone tools, you can depend on one team of consulting, sales and support professionals. Having a suite with similar interfaces means a shorter learning curve for you and your company.
Budgeting involves several professionals bringing historical figures and researched projections together to create a financial strategy for the fiscal year. Microsoft Excel has been a game changer in the finance realm, but manually linking spreadsheets together can be tedious and mundane, leaving room for lots of errors. Many finance teams are still depending on Excel, so a third party product investment may feel like a cost you can avoid.
What Is The Effort to Implement a Budgeting Solution for Sage Intacct?
Most Sage Intacct customers want their connected apps, including CPM tools and dashboards, to be cloud based. Key questions that quickly come up are: how hard is it to integrate to Sage Intacct and how much cost and effort does it take to get up and running?
The answer typically is weeks or months of effort and tens of thousands of dollars in services. However, Sage Intacct software partners, like Solver, that work very closely with Sage and its partner channel, have developed pre-built integrations as well as out-of-the-box financial reports, planning input templates and Power BI dashboards. For example, Solverâs QuickStart integration to Sage Intacct can get a company up and running in a single day with 100+ pre-built budget and forecast input templates, Power BI financial dashboards, as well as financial reports. All of these ready-to-use templates can be selected and downloaded at no additional cost from a continuously growing Template Marketplace.
Budgeting is only going to become more beneficial and results-driven if you are able to harness your data to plan efficiently. Solver offers its web-based reporting, budgeting, dashboard and a data warehouse, stand-alone or as a comprehensive suite of BI modules, and would be happy to answer questions and review Solver’s easy-to-use solution that enables collective, streamlined decision-making capabilities for your Intacct experience.
Solver enables world-class decisions with a leading web-based CPM suite made up of budgeting, reporting, dashboards, and data warehousing. Solver is reinventing CPM with its next generation solution and empowers business users with modern features including innovative use of Excel in the model design process. If youâre interested in learning more, our team is excited to hear about your organizational needs and goals.