Unless you are a part of the special interest population of people that enjoys budgeting, it’s safe to say that budgeting and forecasting are probably some of the most dreaded business tasks today. It might be related to the flimsier tools budget managers are relying on to perform the task. Companies of any healthy size are realizing that manual Excel spreadsheets just are not robust enough for their business needs and are starting to seek an Independent Software Vendor (ISV) budgeting solution to streamline their planning processes. Today’s modern offerings accelerate budgeting and forecasting by inviting secure collaboration into the process. Managing financials is so important to living within your company’s means, so that you can remain competitive.
If you are one of the many SAP Business One (SAP B1) users managing the transactional and operational information for more than one subsidiary as part of a parent company, then you know the financial consolidation process can be tedious, depending on the tool you are using. Logistically, it can be a nightmare without an ultra-modern, powerful financial reporting and consolidations solution. This article will focus on your options for an easy-to-use, robust financial consolidation tool to streamline your SAP B1 experience.