Vanessa Sierra
Planning Your Thanksgiving Dinner with Business Intelligence!

The week is finally here where we gather around the table and share a delicious Thanksgiving meal with our loved ones. As much as we enjoy the good food, family time, and days off from work, organizing and hosting this special dinner can be a daunting task. Similar to the process of creating effective reports and dashboards that help your business, planning a Thanksgiving dinner requires thorough research and specific BI features that make the process easy and enjoyable for everyone.

This blog will explore the parallels between the process used to plan a Thanksgiving meal in the modern age and the latest in BI tools for Corporate Performance Management (CPM), (i.e. financial reporting, budgeting, dashboards, and data management).

Feast on The BenefitsLet’s start at the beginning. A few weeks ago, like many of you, I decided to start planning out my Thanksgiving dinner. Knowing that my younger brother has a sweet tooth, but my dad prefers savory entrees and side dishes, I sent out a Google spreadsheet to find out what everyone wanted to eat. Given that we live in different cities, I asked each family member to fill in his or her favorite dishes into the spreadsheet. The results were a little messy to say the least.

Continue reading

Hanna Kim
Things to be Thankful for in Today’s Business Intelligence Solutions for Not-For-Profit Organizations

In this article, we discuss how business Intelligence (BI) tools have helped not-for-profit organizations focus more on their mission and less on budgeting and reporting.

Thanksgiving is right around the corner, and we thought it would be appropriate to dedicate this article to not-for-profit organizations – organizations with the purpose of something other than making a profit and often focused on furthering a particular social cause – and focus on how business intelligence (BI) tools have made the jobs in their industry easier. In this article, we are going to zoom in on the tools that not-for-profit organizations have expressed they are thankful for, and hopefully, this will give you an idea of what modern BI tools can do for your not-for-profit organization.

Continue reading

Hanna Kim
How to Fix a Bad Budget Software Implementation

This article focuses on finding an improved solution for a bad software implementation.

Photo taken from Pixabay.

Photo taken from Pixabay.

We all wish for a successful software implementation, but information system projects frequently fall short or even fail. Many software implementations can be challenging, and only a few companies today achieve highly successful software implementations on their first try. Usually, the reason for failure or a bad budget implementation has little to do with the actual software itself. In this article, we will explore the seventh installment of our budget series: how to fix a bad budget software implementation.

Continue reading

Hanna Kim
How to Prepare for Your First Budget Software Implementation (Budgeting Series)

This article will focus on the process of preparing for a successful software implementation.

Congratulations! You’ve finally made the first step in investing in a budgeting software. This is huge. Budgeting solutions will make a world of difference in streamlining painful, manual processes and will also often improve decision-making capabilities. Whether you are about to buy a tool or you just purchased one, you are on the verge of a software implementation. Many software implementations can be challenging, and only a few companies today achieve successful software implementations on the first try. In this article, we will explore the sixth installment of our budgeting series: how to prepare for your first budget software implementation.

Continue reading

Hanna Kim
Best Budgeting Tools for Microsoft Dynamics GP Users Replacing Forecaster

This article will focus on Forecaster and the options for investing in a new budgeting tool.

Photo taken from Shutterstock.

Photo taken from Shutterstock.

Have you been using Forecaster to budget your finances? Microsoft recently made the announcement that Forecaster will not be available or supported for new Microsoft Dynamics GP 2016 customers. There are around 48,000 GP customers of out of 200,000 Dynamics ERP users, and around 2,000 organizations are using Forecaster in their budgeting procedures. Therefore, companies who have used Forecaster as a budgeting tool are looking for an alternative.

Continue reading

Hanna Kim
Budgeting Software with Automatic Spreading (Budgeting Series)

This article focuses on budgeting software, specifically zooming in on the automatic spreading functionality.

Budgeting with Automatic Spreading

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.

Continue reading

Hanna Kim
Not-for-Profit Financial Reporting and Roll-ups with Dynamics GP

This article focuses on financial reporting and roll-up solutions for not-for-profit organizations utilizing Microsoft Dynamics GP.

NFP Fin Cons 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.

Continue reading

Hanna Kim
How Do You Know If You Need a New BI/Analytics System?

This article will help organizations identify signs that they need a new Business Intelligence system.

Trend in Business Intelligence for H2 2015

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.

Continue reading

Matthew Felzke
Budgeting for Not-for-Profits with 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.

Continue reading

Matthew Felzke
Not-for-Profit Budgeting with Intacct

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.

Continue reading