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.

Continue reading

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.

Continue reading

Matthew Felzke
Reporting for Healthcare Companies using Sage 100

This article discusses the modern, dynamic, and business user friendly financial reporting options available for Healthcare organizations using Sage 100.

It has been a while since I have blogged, and in that time, I have had several great opportunities to talk to finance and accounting professionals, as well as executives, about their Business Intelligence (BI) and Corporate Performance Management (CPM) needs.  Some of these conversations happened at BI360 Focus 2016, some of these manifested as one-off conversations, and one even occurred on a flight to Portland.  Lately though, it seems like I have not only been in conversation with more healthcare professionals, but I’ve also found myself personally and professionally curious about this industry.  The healthcare industry seems to be one of the most complex and regulated sectors – and for good reason obviously, but the effect it has on financial reporting requires sophisticated, yet business user friendly BI tools.  The best financial reporting tools for Sage 100 users offer Healthcare-specific data management that produces the necessary financial reporting and/or dashboards.

This blog article will focus on modern financial reporting with Sage 100.  I’ll first discuss the bigger picture of what you should be looking for to achieve your financial reporting and analytical objectives.  Then, I’ll zoom in on the financial reporting modules delivered by certain, more dynamic products that can enable Healthcare organizations to produce traditional financial statements, meet regulations, and present information to key stakeholders and decision-makers.

Continue reading

Hanna Kim
How to Prepare for Your First Data Warehouse Implementation

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

Image taken from Shutterstock.

Image taken from Shutterstock.

Data warehousing is an analyst’s dream. Why? All the metrics about the company’s activities is gathered in one place. Well, how do you make that dream a reality? First, you have to prepare for your data warehouse implementation. Many software implementations can be challenging, and only a few organizations today achieve successful software implementations on their first try. In this article, we will discuss preparing for a successful DW implementation. 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.

Continue reading

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.

Continue reading

Hanna Kim
Reporting for Manufacturing Companies with Sage 100

This article will explore financial reporting features and functionalities in today’s solutions for manufacturing organizations looking to expand their Sage 100 experience.

manufacturingforsage100reporting

In today’s business world, Business Intelligence (BI) and analytics are becoming the modern way of turning valuable company data into rich decision-making for a company’s future. Navigating through BI is much like maneuvering through the wilderness without a map or a compass. It can get overwhelming, but I’m here to help. This article will focus on what users should know about in modern reporting solutions to improve your Sage 100 experience, specifically zooming in on manufacturing data management and analysis.

Continue reading

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.

Continue reading

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.

Continue reading

Hanna Kim
The Benefits of Automated Payroll Budgeting (Budgeting Series)

This article discusses the significance of automated payroll budgeting.

automatedpayrollbudgeting

Ever wonder how your company handles payroll planning? I do. It is important to know how your organization budgets payroll because it is typically large part of your company’s master budget. Payroll can be a complicated process for employers. To get a better understanding, let’s define what payroll is. According to Investopedia, Payroll is the “sum total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually operated by the accounting department of a business. Payroll can also refer to the list of employees of a business and the amount of compensation due to each of them.” Payroll automation refers to the use of computers to produce paychecks and manage payments for an organization. Payroll automation is often integrated into the company’s enterprise resource planning (ERP) system that gives a thorough view of the finances of the company. This article is the fourth installment of our series on budgeting: Automated Payroll Budgeting.

Continue reading