This article will discuss today’s best budgeting and forecasting tools for not-for-profit organizations, specifically regarding their built-in features and functionalities to expand your Microsoft Dynamics GP experience.
Budgeting is such a crucial task, no matter if you’re budgeting for yourself or on the organizational level. Regarding not-for-profit (NFP) organizations, budgeting might be the particular reason you are still afloat, living within your means to deliver for the community. Recently, I had the opportunity to speak with NFP budget contributors, and the common theme was that technology has historically been restrictive when trying to meet modern planning goals. Excel might suffice for your household budget, but is challenging for any healthy organization. If you’re reading this blog post, you’re likely shopping around for independent software vendor (ISV) budgeting software that can read your historical Microsoft Dynamics GP figures and/or perhaps data from additional sources, like payroll from ADP or Ceridian, to streamline and improve your planning process. Today’s planning solutions deliver secure collaboration functionality for planning tasks, which makes the inherent teamwork easier, so that your organization can be successful in living within their means.
This article discusses modern budgeting and forecasting solutions for non-profit organizations, zooming in on premier feature and functionality offerings to expand your Intacct experience.
Budgeting is such an important process, regardless of whether you’re doing financial planning in your personal life or full-scale organizational budgets and forecasts. For non-profit organizations, budgeting can be the exact reason you are able to live within your means, surviving to continue providing what the community needs. When recently speaking to non-profit budgeting contributors, I discovered that one of the biggest hurdles is the technology they are using to respond to today’s complex planning demands. Excel might be perfect for a household budget, but performs subpar for any organization of a healthy size. If you’re reading this article, you’re probably looking at independent software vendor (ISV) budgeting tools that can bring together your historical Intacct actuals and/or maybe information from another system, like payroll from ADP, to simplify and upgrade your planning processes. Modern planning software delivers secure collaboration for your budgeting and forecasting tasks, which streamlines the requisite teamwork, so that you can successfully live within your organization’s means.
In this article, we’ll explore today’s budgeting and forecasting tool options, focusing on the best features and functions to improve your Intacct planning experience.
Yesterday, I went to a financial advising meeting, and I didn’t cringe or feel sick when they asked me for a personal monthly budget, so while I celebrated my own progress, I still cannot say that budgeting has ever been an exciting responsibility for me. And in discussing organizational budgeting with finance professionals, it’s not much different in the business world, particularly with software that is limited in handling the modern complexities of planning. Excel serves me adequately with my household budget, but is not sufficient for any healthy-sized company. If you clicked on this article, you’re likely interested in finding third party budgeting software that brings your historical Intacct information and/or perhaps data from a payroll program like ADP to streamline and expedite your planning tasks. Today’s planning tools offer secure paths to collaborating on budgeting and forecasting, which simplifies the teamwork required to live within our organizational means.
This article will discuss your options for modern budgeting and forecasting software, zooming in on premier features and functionalities for Acumatica customers.
I’m getting better at planning and more specifically, budgeting in my personal life, but it has never been an enjoyable experience for me. With this personal development experience and talking to plenty of finance professionals, I can fully understand why financial planning processes in the business world can be tedious, especially with limited tools to address complex budgets. Excel might serve me just fine for a simple household budget, but falls short for any organization of a healthy size. If you’re reading this, you’re probably shopping for third party budgeting software that pulls historical data from Acumatica and maybe a payroll system like ADP to simplify and turbo-charge your planning processes. Modern budgeting and forecasting software provide secure ways to collaborate on planning processes, which streamlines the typically team-oriented task to live within a company’s means.
This article will go into detail about the elements of investing in and implementing modern budgeting and forecasting solutions, with a focus on primary features and functionalities for Intacct.
I am sure there are people out there that enjoy budgeting, but I’ve just never met any. It could be that the below par budgeting software that most budget managers are relying on is the explanation for the dread. If your organization is a normal size, you likely can’t manage your company finances by manually building budgets in Excel because of their tiresome and simple nature, which can’t help you to tackle your modern business goals. Since you are digesting this article, you are likely in the market for a third party budgeting solution that integrates with the Intacct ERP system and that streamlines and powers your planning processes. Today’s budgeting and planning solutions acknowledge the necessity of security without complicating or excluding collaboration in planning. Working together to make plans to live within an organization’s means results in remaining competitive.
In this article, I will explore and discuss what to consider regarding implementation of modern options for budgeting and forecasting, include primary feature and functionality offerings for Acumatica.
Budgeting is no picnic. I don’t feel like I’m going out on a limb when I say that most people do not enjoy planning processing, like budgeting and forecasting. Perhaps, the less than stellar software that most budget managers are depending on is the reason. If your company is of any normal size, you probably cannot rely on manual Excel budgets because of their tedious, yet too simple nature – they don’t meet today’s business needs for planning purposes. If you are reading this article, you are probably ready to consider an Independent Software Vendor (ISV) budgeting solution to expedite and empower your budgeting and forecasting. The planning software of today streamlines budgeting and forecasting by acknowledging the importance of secure collaboration to the process. Collaboratively planning to living within a company’s means translates to staying afloat – and competitive.
If Management Reporter does not seem like much of an upgrade from FRx, this article is a must-read, discussing what product features to seek in purchasing the right product for company needs.
Approximately 50% of FRx users have already made the leap to the replacement, Management Reporter (MR), which is good news for Microsoft. Unfortunately, the internet is abuzz with MR customers who are not happy with the product. It was supposed to be an upgrade, a modernized and consumer-driven response to the elderly FRx, trusted and widely used, but limited. Instead, MR has proven to mostly be an aesthetically enhanced menu interface with a lot of the same old FRx underneath the hood. Accordingly, the message of dissatisfaction is spreading, so FRx users looking to upgrade are starting to look elsewhere. Some MR customers, whether the investment has already been big or small, are starting to consider other options for financial reporting as well. This article will discuss MR’s limitations and explore a handful of alternative financial report writers.
MR connects natively to the Microsoft Dynamics AX, GP, and SL General Ledgers, built for the business user which eliminates management or intervention by the IT Department. Microsoft built MR to replace both FRx and Enterprise Reporting, providing one product for both Consolidation and Management Reporting. Unfortunately, MR does not export to or from cubes, Excel Pivot Tables, or data warehouses. Since it integrates directly to Dynamics, the speed in generating a report by running a queue can slow down other ERP processes, depending on the number of users. Overall though, MR is a lot like FRx, but with a visually modernized menu system; the reporting capabilities and report design screens are all very similar. In 2014, there are several things to consider when it comes to choosing the right report writer to achieve a return on investment (ROI) by enhancing financial reporting and make better decisions in order to grow and develop the company.