Hanna Kim
Using Corporate Performance Management for Digital Transformation: Optimizing Operations and Transforming Products and Services, Part 2

The blog article is the second entry in the series about using Corporate Performance Management (CPM) for digital transformation.

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Daniel Havey
Enterprise Budgeting on Cloud for Banks

This article will focus on the Enterprise Budgeting on Cloud for Banks.

dashboard benchmarkingThe Cloud is coming!  Are you prepared?  I read a story once about a land that was going through a drought, famine, and warfare.  After a momentous battle, a leader told one of his lieutenants, “Go up now, look toward the sea.” So the lieutenant went up and looked and said, “There is nothing.”  And the leader said, “Go back” seven times. Continue reading

Daniel Havey
Top Cloud-Based Budgeting Tools for Banks

This article will focus on the Top Cloud-Based Budgeting Tools for Banks.

 

departmentalforecastWhen renting a furnished apartment makes sense – Many of us have had the joy of seeing our loved ones graduate college, get a job, and find an apartment.  We are more than happy to finally unload grandmother’s furniture that has been stored in our attic for the last fifteen years on our children.  It usually takes a long weekend of trips loading all the stuff into the back of a pickup truck or two to move everything out. Continue reading

Daniel Havey
Excel Budgeting on Cloud for Banks

This article will focus on Excel Budgeting on Cloud for Banks.

 

loan

Nothing is easier than Excel – When it comes to budgeting for a bank, it all starts with the balance sheet.  The main component of a bank’s revenue comes from the interest earned from loans and paid on deposits.  To budget interest, you will need to figure out what the existing loan and deposit balances will look like over the next several months.

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Daniel Havey
Top Cloud-based Financial Planning and Analysis Budget Tools for Banks

This article will focus on the Top Cloud-based Financial Planning &Analysis (FP&A) Budget Tools for Banks.

Image taken from Shutterstock.

Image taken from Shutterstock.

The way things used to be – When I first got into building a budget for a bank, we were using Lotus 1-2-3 spreadsheets that were stored on 5¼ inch floppy disks.  The spreadsheet was basically a 24-month trial balance for each branch or department.  The first eighteen months contained historical balances.  The remaining eighteen months were the forecast for the rest of the current year and budget for next year.

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Vanessa Sierra
Planning Your Thanksgiving Dinner with Business Intelligence!

The week is finally here where we gather around the table and share a delicious Thanksgiving meal with our loved ones. As much as we enjoy the good food, family time, and days off from work, organizing and hosting this special dinner can be a daunting task. Similar to the process of creating effective reports and dashboards that help your business, planning a Thanksgiving dinner requires thorough research and specific BI features that make the process easy and enjoyable for everyone.

This blog will explore the parallels between the process used to plan a Thanksgiving meal in the modern age and the latest in BI tools for Corporate Performance Management (CPM), (i.e. financial reporting, budgeting, dashboards, and data management).

Feast on The BenefitsLet’s start at the beginning. A few weeks ago, like many of you, I decided to start planning out my Thanksgiving dinner. Knowing that my younger brother has a sweet tooth, but my dad prefers savory entrees and side dishes, I sent out a Google spreadsheet to find out what everyone wanted to eat. Given that we live in different cities, I asked each family member to fill in his or her favorite dishes into the spreadsheet. The results were a little messy to say the least.

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Hanna Kim
How Does Business Intelligence for Dynamics GP Benefit My Department?

This article will focus on the benefits of Business Intelligence (BI) for the sales, marketing, human resources, and information technology departments using Dynamics GP.

Photo taken from Shutterstock.

Photo taken from Shutterstock.

Each department has an important role in a company. As a department leader, you may know what your team needs to achieve department-specific goals. BI solutions that cover budgeting, forecasting, reporting, and analyses can help you meet those goals in an efficient and quicker way. For example, at my own company, the current team of department heads includes Nils Rasmussen for Sales, Gina Louie for Human Resources, IT Manager Allan Bacero, and Marketing Director Vanessa Sierra. I will cover four general departments that you would typically find in an organization and explore how a BI tool would help each department.

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Hanna Kim
What Does My Company Do With Reporting and Budgeting When Dynamics GP Is Moving to the Cloud?

This article focuses on the future of Dynamics GP Users and their Reporting and Budgeting tools.

Photo taken from Shutterstock.

Photo taken from Shutterstock.

Why are many companies still keeping their Dynamics GP ERP system on-premise when there is a cloud option available? Some may not know the options to migrate to the cloud. Others may feel safer using a more traditional platform. Microsoft just changed the whole game for Microsoft Dynamics Enterprise Resource Planning (ERP) users. A true cloud version of Microsoft Dynamics, Microsoft Dynamics 365, officially released this November 1st. Dynamics 365 lets companies combine CRM, ERP and Microsoft Office capabilities into the next generation of business applications in the cloud. This Azure-hosted Dynamics service seems to be the true future for many Dynamics GP customers. Therefore, if your company is slowly making its way to the cloud, and on premise tools are most likely developed less progressively, eventually moving to Dynamics 365 or other CRM/ERP tools seems a pretty interesting alternative. This article focuses on the steps your company will need to take when your ERP is moving to the cloud.

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Hanna Kim
Reporting for Manufacturing Companies with SAP Business One

This article will discuss financial report writers in today’s marketplace for manufacturing organizations looking to expand their SAP Business One experience.

 

ManufacturingReporting_PLHave you used a Fitbit before to track your fitness activity, diet and sleep? If you have specific fitness goals to be healthier and the Fitbit carries all the features and functionalities you need, this tracker is perfect because it describes in detail an event, situation or occurrence. Similarly, a financial report writer collects and presents financial data so that it can be analyzed. Reporting is the necessary prerequisite of analysis. Reporting makes data understandable and ready for accurate and efficient analysis so you can better reach your company goals. This article will discuss your options for features and functionalities that third party solutions are offering for your SAP Business One (SAP B1) system, specifically zooming in on data management and analysis in manufacturing companies.

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Matthew Felzke
Understanding What Executives Look for in Business Intelligence with Dynamics GP

Photo taken from Shutterstock

In this article, we will explore the perspectives of some key leaders in regard to BI software that reports on, plans with, showcases, or manages Microsoft Dynamics GP data.

Oftentimes, the executive team tasks an employee, usually in the finance and/or IT department(s), with finding financial reporting, budgeting, dashboards, or data management solutions for the organization.  You might clearly understand what your team needs to achieve department-specific goals, especially with the muscle memory of processes as they heretofore have gone.  But you might not exactly understand what is important to your team of decision makers, whether that is strictly the executive team or a larger group of stakeholders.  In this article, we will explore the perspectives of some key leaders in regard to BI software that reports on, plans with, showcases, or manages Microsoft Dynamics GP data.

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