This article will describe how reporting can save operational costs.
This article focuses on financial reporting and roll-up solutions for not-for-profit organizations utilizing Microsoft Dynamics GP.
Financial reporting and consolidations can mean different things to different people. Many larger Microsoft Dynamics GP not-for-profit customers are managing the finances of a parent organization with multiple locations rolling up to it. First things first, let’s define financial roll-ups or ‘consolidations’ as it is typically called in the corporate world. It can simply mean that an organization is combining data from multiple locations either as part of the planning process or for reporting purposes. It can also mean a lot more than just combining data. Financial consolidation is the process of aggregating transactional data from several departments and from multiple business entities within a company for the parent company. In these cases, simply combining data can be complex for multiple reasons. For instance, legal entities can have different charts of accounts or fiscal years. They may also be partially owned. This article will explore the elements and functionalities of financial consolidation for your non-profit organization using Microsoft Dynamics GP.
Financial reporting has traditionally been the lead singer if Business Intelligence (BI) processes were in a band, and it is no different for non-profit organizations. If you’re utilizing Microsoft Dynamics GP, you know that the accounting system is equipped with several native financial reporting functions. However, plenty of organizations are moving to independent software vendor (ISV) offerings for their regular financial reporting tasks, but why? Third party software solutions for financial report writing are designed in response to consumer demands, streamlining and expanding analytics for more robust insight into your data, trajectories, successes, and challenges. This article will explore the benefits of an ISV financial report writer for non-profit organizations using Microsoft Dynamics GP.
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.
In modern business, data is ubiquitous, perhaps particularly for not-for-profits (NFPs). Since data directly supports decision-making, with NFP organizations actively working to remain on budget and/or on track with members, donors, grants and so forth, data warehousing can be helpful to your Business Intelligence (BI) tasks. If you’re anything like I was when I first heard of a data warehouse solution, you probably have questions. The goal for this article is to deliver the answers for NFP teams to understand how a data warehouse can improve management and analyses of your information from Microsoft Dynamics GP and other data sources.
Some people might think that non-profits are functioning outside of the typical business model, but in reality, data is driving the same vital decision-making for not-for-profit organizations. As non-profits do the hard work of staying on track with budgets, donors, grants, members, and so forth, a data warehouse can be really effective and efficient for your Business Intelligence (BI) processes. With online analytical processing (OLAP) cubes being a common technology presence, the difference between OLAP cubes and data warehouses might seem confusing to you. In this article, we’ll discuss the benefits of data warehousing for non-profit data management and analytics tasks using Intacct.
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.
Dashboards or data visualizations come in the form of graphs, charts, and scorecards, and you’ve undoubtedly interacted with them in some capacity. This is probably because executives are prioritizing this software offering, as Gartner’s recent study on Financial Executive International CFO Technology reported. Since business is always moving at such a rapid pace, we need easily digestible and accessible data analyses. Data visualizations provide precisely that: charts, graphs, and scorecards spotlight trends, successes, and challenges employing key performance indicators (KPIs) and your data to inform management decision-making for a department, a project, and/or the entire organization.
Financial reporting is arguably the touchstone in terms of Business Intelligence (BI) analytical processes, and for non-profit organizations, it is no different. If you’re using Intacct, you know that there is financial reporting functionality built right into the Enterprise Resource Planning (ERP) system. But there are plenty of organizations turning to third party products to perform these routine tasks of producing financial statements – why? The independent software vendor (ISV) offerings for financial reporting software are designed with consumer demands in mind, and they streamline and expand analyses for a richer understanding of the data, trends, opportunities, and challenges. This article will discuss the benefits of third party financial reporting solutions for non-profit organizations using Intacct.
There is a population of non-profit Intacct customers who are overseeing the financials of their organization with multiple locations or entities. Consolidating organizational information from more than one location, sometimes with diverse currencies, can be tedious without a premier financial consolidation solution. Data continues to grow in size and significance in terms of decision-making. More executives than ever are shopping for the right tool to allow their business end users to aggregate data into a set of financial statements or for summarized operational reports. This article will zoom in on features and functionalities for the non-profit Intacct user who performs consolidations for monthly financials or annual budgets for the parent organization.