Hanna Kim
How to Fix a Bad Budget Software Implementation

This article focuses on finding an improved solution for a bad software implementation.

Photo taken from Pixabay.

Photo taken from Pixabay.

We all wish for a successful software implementation, but information system projects frequently fall short or even fail. Many software implementations can be challenging, and only a few companies today achieve highly successful software implementations on their first try. Usually, the reason for failure or a bad budget implementation has little to do with the actual software itself. In this article, we will explore the seventh installment of our budget series: how to fix a bad budget software implementation.

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Hanna Kim
12 Best Practices for Budgeting Better

This article focuses on best practices to improve your budget process.

budget better

Think about all of the time and energy your company allocates to budgeting. Managers often scramble to collect financial data from multiple sources in consistent formats. Rather than aiding the process as they should, differing technology tools only add to the manual process. I feel incredibly overwhelmed just thinking about it, but these 12 best practices have helped immensely. This article will explore 12 best practices anyone can implement to improve the quality of his/her budget to stay on track now and into the future.

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Hanna Kim
How to Prepare for Your First Budget Software Implementation (Budgeting Series)

This article will focus on the process of preparing for a successful software implementation.

Congratulations! You’ve finally made the first step in investing in a budgeting software. This is huge. Budgeting solutions will make a world of difference in streamlining painful, manual processes and will also often improve decision-making capabilities. Whether you are about to buy a tool or you just purchased one, you are on the verge of a software implementation. Many software implementations can be challenging, and only a few companies today achieve successful software implementations on the first try. In this article, we will explore the sixth installment of our budgeting series: how to prepare for your first budget software implementation.

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Hanna Kim
The Importance of Easy User Security in Budgeting (Budgeting Series)

This article will discuss the topic of easy user security in budgeting software.

shutterstock_computersecurity

Photo taken from Shutterstock.

We live in a society where security should never be overlooked. We hear and witness hacking stories and security issues all the time. Legendary Limp Bizkit frontman Fred Durst not so famously once said “if you want to know how not secure you are, just take a look around. Nothing’s secure. Nothing’s safe. I don’t hate technology, I don’t hate hackers, because that’s just what comes with it, without those hackers we wouldn’t solve the problems we need to solve, especially security.” In the same way, companies too have to assume that their data is not in a safe place. Over all, as technology moves to the cloud and/or web-based budgeting solutions, data is making the move, too. This article will approach the topic of security, the fifth installment of our series on budgeting.

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Hanna Kim
Best Budgeting Tools for Microsoft Dynamics GP Users Replacing Forecaster

This article will focus on Forecaster and the options for investing in a new budgeting tool.

Photo taken from Shutterstock.

Photo taken from Shutterstock.

Have you been using Forecaster to budget your finances? Microsoft recently made the announcement that Forecaster will not be available or supported for new Microsoft Dynamics GP 2016 customers. There are around 48,000 GP customers of out of 200,000 Dynamics ERP users, and around 2,000 organizations are using Forecaster in their budgeting procedures. Therefore, companies who have used Forecaster as a budgeting tool are looking for an alternative.

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Matthew Felzke
Budgeting for Manufacturing and Distribution Companies using Microsoft Dynamics NAV

This article discusses budgeting and forecasting solutions for Manufacturing and Distribution companies using Microsoft Dynamics NAV, zooming in on features and functionalities.

Whether you’re putting together a budget, a forecast, or a what-if scenario for your organization, they all entail historical actuals and projections, so you can plan for managing your specific manufacturing or distribution corporation, maneuvering around obstacles and seizing opportunities in the upcoming period.  There are a plethora of software options for manufacturing and distribution organizations relying on Dynamics NAV that can expand your planning processes, whether you craft your own budgeting solution, rely on native Dynamics NAV functions, or opt for an independent software vendor (ISV) solution.  This article will discuss your best options for today’s budgeting, forecasting, and modeling demands, specifically to meet your manufacturing or distribution planning objectives with Microsoft Dynamics NAV.

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Matthew Felzke
Manufacturing & Distribution Dashboards for Microsoft Dynamics NAV

Modern, easy-to-use dashboard tools are accelerating the data management and analytics processes for Manufacturing and Distribution companies using Microsoft Dynamics NAV.

It’s all about dashboards these days when it comes to presenting and digesting information in quick and easy-to-understand ways, which is particularly true in the Business Intelligence (BI) world.  They are increasingly more popular, especially for executives, due to their easily accessible visualizations of your data.  Dashboards provide easily digestible analyses for breakneck pace of decision-making for today’s businesses.  Also referred to as data visualizations, dashboards are graphs, charts, and scorecards that showcase trends, strengths, and weaknesses with key performance indicators (KPIs) for projects, divisions, and/or the whole organization.

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Matthew Felzke
Is Forecasting Becoming More Important than Budgeting?

This article will discuss the difference between forecasting and budgeting, specifically in the context of which process might be more important to modern business planning.

Recently, I was talking to a finance professional who oversees accounting processes and helps his organization make decisions about the future in regard to budgeting and forecasting.  He posited that forecasting might be more important to running a business today than traditional budgeting – and it made me think.  I’m always writing about the constantly evolving world of technology and the fast pace of today’s business culture, so shifting away from a traditional way of accomplishing data management and analysis tasks sparked my interest.  Thus, this article will explore the differences between budgeting and forecasting to hopefully arrive at a better understanding of what is more impactful and productive to business today.

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Matthew Felzke
Professional Services Budgeting for Dynamics AX

This article discusses budgeting and forecasting solutions for Professional Services teams, zooming in on the top feature and functionalities for Dynamics AX users.

Budgeting can be challenging, regardless of your industry, but fortunately, it is getting more dynamic and user friendly with today’s solutions to upgrade your Microsoft Dynamics AX tasks.  For Professional Services organizations, planning is just as important, but is unique to the nature of the sector – and this is true for most industries, regarding particular budgeting demands.  Plenty of companies are still utilizing Excel for homegrown budget processes, but today’s budgeting demands are more sophisticated than what the spreadsheet application can deliver.  If you’re seeking an independent software vendor (ISV) budgeting tool that enables you to pull historical data from Dynamics AX, as well as payroll and other company- or industry-specific data sources for an aggregated financial plan that is the result of collaboration, this article is a must-read.

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Matthew Felzke
Manufacturing & Distribution Reporting with Microsoft Dynamics NAV

In this article, financial reporting for manufacturing and distribution organizations using Microsoft Dynamics NAV will take the spotlight, focusing on software and functionality offerings.

In today’s business world, Business Intelligence (BI) analyses are largely driving decision-making for the future of your organization by making sense of important company data.  Even so, it would make sense if the number of financial reporting options, as well as the different features and functionality available, is overwhelming to you, even if you are familiar with BI processes, especially when trying to achieve industry-specific analytical objectives.  Recently, I discussed the vagueness in product marketing with a finance professional for a manufacturing organization – and how frustrating it can be to try to shop for a solution that speaks to her manufacturing-specific analytical goals.  This article will discuss what you need to know regarding modern financial reporting tools to expand your Microsoft Dynamics NAV processes, with a focus on manufacturing and distribution data management and analysis.

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