Matthew Felzke
Budgeting and Forecasting in a Multi-cloud World

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This article is the final installment in a series focused on how Corporate Performance Management (CPM) tools can serve as a true solution, particularly zooming in on budgeting and forecasting challenges companies face with data housed in multiple cloud and on-premise systems.

The last blog article I wrote, I zoomed in further on the multi-cloud world that businesses today are navigating – and how Corporate Performance Management (CPM) and Business Intelligence (BI) processes and specifically, modern financial and operational reporting tools, can function as a complete solution to the related technological and data management oriented challenges we’re all facing. If you think about all of the essential enterprise technology solutions making the shift to the cloud, it can seem like a lot, especially in terms of the challenge to integrate and/or combine all of this diverse data. There are also on-premise tools, which is where plenty of accounting systems are still residing. But what about budgeting and forecasting – and all of the historical data from disparate sources needed to effectively plan? This article will focus on planning as an important BI and CPM process – and how the right application can be a true solution to your obstacles related to multi-cloud management.

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Matthew Felzke
Is Forecasting the Most Important Piece of your Planning Pie?

This article discusses the importance of forecasting in the context of planning processes.

I’ve written about Forecasting versus Budgeting before, but in the face of the apparent trend of forecasting becoming more and more popular and impactful, I wanted to examine its place in the task of planning.  Is it true that forecasting is the most important process for corporate performance management today – why or why not?  What is the difference between a business plan, a forecast, and a budget?  When should you be planning for your business, forecasting, and/or budgeting?  What does each entail?  This article will zoom in on planning today for your organization’s success in the future.

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Matthew Felzke
Business Intelligence for Sage 100

In this article, we’ll explore what Business Intelligence solutions can do to help you achieve a best-of-breed Sage 100 experience that drives smarter organizational decision-making.

The modern business world moves at such a pace that it is imperative that our tools be accessible and flexible for our analytical processes.  Mobile applications are just one example of how independent software vendors (ISVs) are delivering Business Intelligence (BI) tools that speak to consumer needs for financial reporting, data management, and analytics for Sage 100 users.  Today, you should be investing in BI technology that is nothing short of the flexibility you require, in terms of how you get to your transactional and operational information for more streamlined, smarter decision-making, regardless of where you are working.  Third party software vendors are bringing flexible BI solutions to market for an upgraded, modern end user experience.

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Matthew Felzke
Building a Best-of-Breed Business Intelligence Solution for Sage 500

This article discusses independent software vendor tools that will turbo-charge data management and analyses for Sage 500 users wanting to build a best-of-breed solution.

Some Sage 500 users will probably always wonder why they would want or need to deploy independent software vendor (ISV) tool(s) on top of their accounting system.  This confusion is perhaps an obstacle for ISVs and a concern for some Sage 500 users.  There are a couple of clarifications that seem to organically come out of the conversation.  First, no ISV can create a tool that can be a solution for every single organizational hurdle.  A great example would be how competitive mobile device brands, like Apple or Android, provide their own native mapping applications, but still allow you to download an app from another manufacturer, which is similar to modern flexible enterprise resource planning (ERP) systems, like Sage 500.  Because every organization using Sage 500 has particular objectives, specific budgeting requirements, and rules, the accounting system vary in how effective it is for each company.  ISV technologies enable organizations to customize their data management and analytics.

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Matthew Felzke
Budgeting for Manufacturing and Distribution Companies using Microsoft Dynamics NAV

This article discusses budgeting and forecasting solutions for Manufacturing and Distribution companies using Microsoft Dynamics NAV, zooming in on features and functionalities.

Whether you’re putting together a budget, a forecast, or a what-if scenario for your organization, they all entail historical actuals and projections, so you can plan for managing your specific manufacturing or distribution corporation, maneuvering around obstacles and seizing opportunities in the upcoming period.  There are a plethora of software options for manufacturing and distribution organizations relying on Dynamics NAV that can expand your planning processes, whether you craft your own budgeting solution, rely on native Dynamics NAV functions, or opt for an independent software vendor (ISV) solution.  This article will discuss your best options for today’s budgeting, forecasting, and modeling demands, specifically to meet your manufacturing or distribution planning objectives with Microsoft Dynamics NAV.

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Matthew Felzke
Useful Business Intelligence Add-on Products for Intacct

Independent software vendor (ISV) tools expand and streamline data management and analytics for Intacct users building best-of-breed Business Intelligence (BI) solutions.

One question that sometimes comes up in conversations with Intacct customers is related to confusion as to why you might need to deploy ISV tool(s) on top of the accounting system.  This is a small hurdle for ISVs as the confusion seems to quickly dissipate for the Intacct community.  First of all, no software solution, even as great as Intacct has proven to be, can answer to every single business-related analytical hurdle for every company.  A perfect example would be Apple offering their own native Maps applications on their iPhones, but still allowing consumers to install the Google Maps app, just as any modern flexible enterprise resource planning (ERP) system, like Intacct, does.  Because every organization who utilizes Intacct has particular objectives, specific planning needs and rules, the accounting system will differ in how sufficient of a solution it is for each corporation.  ISVs provide businesses the capability to customize their data management and analytics.

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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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Matthew Felzke
Business Intelligence for Sage X3

This article discusses Business Intelligence (BI) solutions for a best-of-breed Sage X3 experience that delivers complete insight through reporting and analytics.

Today’s business world requires that our processes and technological tools be accessible and flexible.  Mobile Business Intelligence (BI) applications are one example of precisely how third party software vendors are answering consumers’ calls for solutions that can keep up with the fast pace of the international marketplace, including financial reporting, data management, and analytics for Sage X3 customers.  Nowadays, you should be investing in and depending on BI tools that are flexible enough for your organization regarding how you access your transactional and operational data for more efficient, richer decision-making, no matter if you’re on the road or in the office.  Independent software vendors (ISVs) are producing BI tools with this flexibility built right in to improve the end user experience.

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Matthew Felzke
Professional Services Budgeting for Dynamics AX

This article discusses budgeting and forecasting solutions for Professional Services teams, zooming in on the top feature and functionalities for Dynamics AX users.

Budgeting can be challenging, regardless of your industry, but fortunately, it is getting more dynamic and user friendly with today’s solutions to upgrade your Microsoft Dynamics AX tasks.  For Professional Services organizations, planning is just as important, but is unique to the nature of the sector – and this is true for most industries, regarding particular budgeting demands.  Plenty of companies are still utilizing Excel for homegrown budget processes, but today’s budgeting demands are more sophisticated than what the spreadsheet application can deliver.  If you’re seeking an independent software vendor (ISV) budgeting tool that enables you to pull historical data from Dynamics AX, as well as payroll and other company- or industry-specific data sources for an aggregated financial plan that is the result of collaboration, this article is a must-read.

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Matthew Felzke
Retail Budgeting for Microsoft Dynamics NAV

In this article, Retail budgeting and forecasting will take center stage, specifically for Microsoft Dynamics NAV users seeking today’s planning features and functionalities.

Whether you are budgeting, forecasting, or comparing what-if scenarios for your organization, historical actuals and projected figures are required so you can strategize particularly for your retail company, maneuvering through challenges and opportunities in the upcoming months and years.  There are plenty of solutions that are impactful for retail organizations to upgrade planning procedures with Dynamics NAV, whether you elect to build your own process, depend on NAV’s built-in budgeting functionality, or go with an independent software vendor (ISV) tool.  This article will explore the most popular options for modern budgeting, forecasting, and modeling, particularly to meet your retail planning goals with Microsoft Dynamics NAV.

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