Recently, in two separate announcements, Microsoft has stated that they will no longer develop their Forecaster budgeting tool and their Management Reporter financial report writer. How does this impact the almost 200,000 Dynamics AX, GP, SL and NAV customers out there? Is it a bad thing or may it be a smart move by Microsoft?
To take Dynamics NAV first, Management Reporter has not supported NAV for a while and most customers look to best-of-breed third party solutions with a live NAV integration, such as the Excel-based report writers like BI360 (www.solverglobal.com) and Jet Reports (www.jetreports.com).
Using the framework of key features to shop for, like ease of use, budget workflow, and security, this article will compare budgeting and forecasting options for Microsoft Dynamics GP.
Budgeting requires multiple departments entities bringing transactional data together, as well as research, to forecast what will financially manifest in the coming year, regarding revenue, expenses, and other important items. For Microsoft Dynamics GP users, there is an abundance of options for budgeting and forecasting, including manual, homegrown spreadsheets, GP budgeting input, an accelerated Excel add-in tool, or proprietary interfaced software. In this article, I’m going to zoom in on your budgeting software options for Dynamics GP, so you can get a better understanding of the best route for you and your team.
Since you are looking for a solution that business users can utilize, I always think it’s smart to lay out the most important features to look for in a product. Even if you are the only who will be using the budgeting tool with Dynamics GP, it should be first and foremost easy to use. I cannot think of one person who gets excited to put together a budget, so the task should be as easy as possible, regarding the user friendliness for non-IT professionals. In particular, you should be looking for a solution that streamlines the process with accounting and business logic and reusable budgeting templates, amongst other functionalities. Given the collaborative nature of budgeting, streamlining is a must.