This article focuses on budgeting software, specifically zooming in on the automatic spreading functionality.
Budgeting software is one of the most fundamental and critical tools for managing your money. Think about all of the time and energy your company allocates to budgeting. I think about my recent car investment and all of the costs that come with it, including car insurance. I feel extremely overwhelmed just thinking about it, but knowing that there is a simple solution to budgeting calms my anxiety. Do you feel overwhelmed at work? You may feel like this if you are punching in your budget data manually. If you are working toward a financial goal or you are working with limited money, finding an easy way to budget will benefit you at both a personal and organizational level. In this article, we will be covering the first topic of our budgeting series where I will be focusing on an important budgeting need that a budgeting software can solve with corresponding features such as automatic spreading.
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.
This article will help organizations identify signs that they need a new Business Intelligence system.
Today, plenty of large organizations, as well as small and medium-sized companies, are stuck using old or manual Business Intelligence (BI) tools that are in desperate need of a replacement. BI translates to technology-driven processes for analyzing data and presenting information that will help companies improve the decision making processes at all levels of management. Well, how do you know if you need a new BI/Analytics system? You should begin by constructing the right set of questions. What tool(s) does your organization have to have right now? What are your BI goals, and what is your schedule for building the BI toolbox to meet analytical goals? Also, outdated BI systems show several warning signs such as wasting time, harming decision-making, and keeping organizations from taking advantage of their data.
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, I’ll explore what-if analytics and modeling functionality built into some of today’s budgeting software for planning that accounts for variables with Microsoft Dynamics.
Budgeting is a task that requires actual data, research, goal setting, and teamwork, and depending on your planning process, a lot can happen to change the course of your budget. Thus, I would argue that besides historical actuals, there are enough variables in the context of financial planning for your company that makes budgeting a challenging task at times. If you like to see some options and dynamically approach planning by being adaptable and exploratory with different outcomes, what-if analyses and modeling will allow you to do just that. In this article, we’ll explore what-if planning and modeling functionality that comes with some modern budgeting tools for Microsoft Dynamics customers.
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.
Financial reporting and budgeting demands, and today’s powerful BI solutions that help the hotel and restaurant industry achieve their analytics goals, will be the focus of this article.
In the modern business culture, Business Intelligence (BI) analysis is becoming increasingly important because it translates your company data into informed decisions about the future of your hotels or restaurants. But whether you’re new to BI analytics or not, today’s software offerings can be confusing and overwhelming in regard to how you can plug the functionality into your industry-specific objectives. Recently, I spoke with an accountant in the hospitality industry, and we commiserated over the overwhelming task of seeking the right technology to specifically help hotel and restaurant management to better do their job. Therefore, this article will zoom in on the premier features and functionalities you should be aware of in today’s reporting and planning tools, with a special focus on the ways you can manage and evaluate your information when managing your hotel or restaurant.
In this article, cash flow budgeting and forecasting will take center stage, with a spotlight on why this particular planning process is helpful to CFOs and companies in today’s business culture.
This blog has covered different aspects of financial planning for different enterprise resource planning (ERP) systems and different industries. Cash flow budgeting and forecasting are a couple of processes that zoom in on your actual cash money, specifically in terms of payments going out for payroll and debtors and the cash coming in from customers. In other words, a cash flow budget showcases a company’s monthly capital requirement. And unlike the more traditional operational and transactional budgeting, cash flow budgets are a little bit more complex because there are more unknown figures to calculate and analyze. This article will zoom in on the process, so you can understand more about the ins and outs, as well as the benefits for your company.
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.