This article will zoom in on the impact of a data warehouse solution for manufacturing companies using Sage 100.
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Corporations use data to set and meet goals in order to stay on budget. A data warehouse is a powerful tool to organize and strengthen Business Intelligence (BI) analyses. A data warehouse (DW) is a multi-dimensional database that can store a large amount of data, collected from an array of sources within a company and utilized to guide management decisions. The information in data warehouses can be used for things such as scheduled budgeting, reporting, and dashboards or higher level performance data questions. They structure around the subject, so they focus the interaction through organizing by topic such as customer, product, or sales. As a manufacturing company using Sage 100, you may want to know the impact a data warehouse solution has for your company.
This article will discuss budgeting solutions that can expand your Manufacturing planning processes with Sage 100.
It is becoming clear today that Business Intelligence (BI) analytics tools are becoming more important as it is the way to turn important data into dynamic decision-making for the future of the organization. There are various software choices that can assist manufacturing companies using the Sage 100 enterprise resource planning (ERP) system in taking their budgeting to the next level, whether you choose to design your own model in Excel, rely on native Sage functionality, or select an independent software vendor (ISV) tool. This article will focus on the top features and functions in modern budgeting software that will impact the way you manage and analyze data for your manufacturing company.
This article focuses on the difference between Excel-based and Web-based budgeting tools.
Choosing the right budgeting tool is extremely important for a growing company. Many financial companies use homegrown Microsoft Excel models extensively in their budgeting, but there are some limitations that are inherent in the application. I admit Excel is a great tool for modeling and analysis, but it is not the best tool to use for budgeting. Software companies are developing commercial budgeting tools that are Excel-based and Web-based to stay familiar with the features and functionalities that most professionals are accustomed to. In this article, we will explore the advantages and the drawbacks of both Excel-based and Web-based budgeting tools that organizations experience. This article is the third installment of our series on budgeting: Excel-based Budgeting Tools Versus Web-based Budgeting Tools.
This article will touch on the basics of budgeting with your ERP system.
The process of investing in a new Enterprise Resource Planning (ERP) software can be a daunting task. Where do you start? Do you find reviews online and hope they are in line with your company’s needs and goals? Let me break it down for you. We’ll explore the basics of ERP from software pricing to ERP utilization with third party budgeting solutions.
This article focuses on consolidating finances from multi-entity companies.
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Nobody likes growing pains, but every company wants to grow. Growing pains are symptoms that an organization needs to make a transition. It is the nature of business. There is a way to alleviate these pains through automated consolidation of your company’s budget. Budget consolidation, just like financial consolidations, is growing in significance because of reasons such as globalization and the popularity of acquisitions and mergers. Nowadays, it is not uncommon for a mid-sized organization to own many legal entities in different locations. Although a business’ budget consolidation requirements may not be that complicated, creating a set of consolidated accounts can be time consuming and prone to many errors if done in Microsoft Excel spreadsheets. There are many financial consolidation tools and solutions that can also automate the consolidation of your budgets and they can replace or improve existing processes and systems. This article is the second installment of our series on budgeting: Budget Consolidation in Multi-Entity Organizations.
This article will discuss the benefits and drawbacks of Sage Business Intelligence and Third Party Solutions.
Choosing the right Business Intelligence (BI) solution for your company is a lot like choosing what you need to eat for a healthier lifestyle. Is your company lacking nutrition? What does it need to help that problem and make better decisions? BI is an exciting realm to delve into because it does a number of things. It gives insight into consumer behavior, it improves efficiency, it increases productivity, and it turns data into actionable information. According to Gartner, the world’s leading Information Technology (IT) research company, BI is defined as “an umbrella term that include the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance.” The objective is to provide organizations the right knowledge in the hands of the right people at the right time to make informed decisions. BI increases the ability to identify trends and challenges, as well as fine-tune operations to meet business goals.
This article focuses on modern features and functionalities for financial reporting, so you have a better understanding of what to look for when seeking a tool to improve your experience with Sage 100.
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In today’s data-driven world, your organization needs a powerful financial reporting tool to help you stay competitive in your industry. In this article, I will explore the Business Intelligence (BI) options you have for software, specifically looking at feature and functions, so you can select the best reporting tool to navigate your organization-specific issues in managing and analyzing your data as a Sage 100 user.
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 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 focuses on Power BI and the influence it has on your organization’s data.
Do you ever feel like you’re inundated with information that doesn’t matter to you? If you’re nodding your head, then Microsoft Power BI might be an option for you. Power BI is a data visualization tool that helps users stay up to date with information that matters to them and complements their current third party and ERP reporting tools by bringing their data to life through visualization. Microsoft defines Power BI as “a collection of software services, apps, and connectors that work together to turn your unrelated sources of data into coherent, visually immersive, and interactive insights.” The services and features enable you to find and visualize data in a compelling way, share discoveries, and collaborate in intuitive new ways.