Hanna Kim
Excel- and Web-based Budgeting for Microsoft Dynamics GP

This article will focus on platform options when investing in a new budgeting tool.

budgetingfordynamicsgp

Look, it seems like I’ve talked about anything and everything about budgeting so I went directly to the source – a team of consultants. I asked them what the common problem they face with their clients when it comes to budgeting, and surprisingly, they all had the same answer. The majority of their clientele has never had a professional budgeting system, nor did they have a satisfactory budget model that reflected how their business operates. As mentioned in the budget tools for Microsoft GP users replacing Forecaster article, there are around 48,000 GP customers out of 200,000 Dynamics ERP users, and if your company is either one of the 2,000 companies using Forecaster as a budgeting tool or one of the 90% or more organizations who create their budget in homegrown Excel models, this article is for you. In this article, I will discuss Excel- and Web-based Budgeting for Dynamics GP. Continue reading

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.

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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
Excel-based Budgeting Tools versus Web-based Budgeting Tools (Budgeting Series)

This article focuses on the difference between Excel-based and Web-based budgeting tools.

Choosing the right budgeting tool is extremely important for a growing company. Many financial companies use homegrown Microsoft Excel models extensively in their budgeting, but there are some limitations that are inherent in the application. I admit Excel is a great tool for modeling and analysis, but it is not the best tool to use for budgeting. Software companies are developing commercial budgeting tools that are Excel-based and Web-based to stay familiar with the features and functionalities that most professionals are accustomed to. In this article, we will explore the advantages and the drawbacks of both Excel-based and Web-based budgeting tools that organizations experience. This article is the third installment of our series on budgeting: Excel-based Budgeting Tools Versus Web-based Budgeting Tools.

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Hanna Kim
Budgeting for Professional Sports Organizations Using Dynamics GP

This article zooms in on budgeting solutions for professional sports organizations using Dynamics GP, with a focus on planning processes.

 

How do you budget for your company? Microsoft Excel might be the go-to software
for finance departments, but Excel isn’t meant to handle planning for organizations of a bigger size, like professional sports teams. More Dynamics GP customers are choosing independent software vendor (ISV) budgeting tools for updating and enhancing their planning processes. Modern third party solutions streamline budgeting and forecasting by focusing in on secure teamwork. This article will discuss the impact of modern ISV budgeting tools, so your professional sports team can build modern planning processes with Dynamics GP.

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Hanna Kim
Live ERP Budgeting, What Is It?

This article will touch on the basics of budgeting with your ERP system.

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The process of investing in a new Enterprise Resource Planning (ERP) software can be a daunting task. Where do you start? Do you find reviews online and hope they are in line with your company’s needs and goals? Let me break it down for you. We’ll explore the basics of ERP from software pricing to ERP utilization with third party budgeting solutions.

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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
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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