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
12 Best Practices for Budgeting Better

This article focuses on best practices to improve your budget process.

budget better

Think about all of the time and energy your company allocates to budgeting. Managers often scramble to collect financial data from multiple sources in consistent formats. Rather than aiding the process as they should, differing technology tools only add to the manual process. I feel incredibly overwhelmed just thinking about it, but these 12 best practices have helped immensely. This article will explore 12 best practices anyone can implement to improve the quality of his/her budget to stay on track now and into the future.

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
The Importance of Easy User Security in Budgeting (Budgeting Series)

This article will discuss the topic of easy user security in budgeting software.

shutterstock_computersecurity

Photo taken from Shutterstock.

We live in a society where security should never be overlooked. We hear and witness hacking stories and security issues all the time. Legendary Limp Bizkit frontman Fred Durst not so famously once said “if you want to know how not secure you are, just take a look around. Nothing’s secure. Nothing’s safe. I don’t hate technology, I don’t hate hackers, because that’s just what comes with it, without those hackers we wouldn’t solve the problems we need to solve, especially security.” In the same way, companies too have to assume that their data is not in a safe place. Over all, as technology moves to the cloud and/or web-based budgeting solutions, data is making the move, too. This article will approach the topic of security, the fifth installment of our series on budgeting.

Continue reading

Hanna Kim
The Benefits of Automated Payroll Budgeting (Budgeting Series)

This article discusses the significance of automated payroll budgeting.

automatedpayrollbudgeting

Ever wonder how your company handles payroll planning? I do. It is important to know how your organization budgets payroll because it is typically large part of your company’s master budget. Payroll can be a complicated process for employers. To get a better understanding, let’s define what payroll is. According to Investopedia, Payroll is the “sum total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually operated by the accounting department of a business. Payroll can also refer to the list of employees of a business and the amount of compensation due to each of them.” Payroll automation refers to the use of computers to produce paychecks and manage payments for an organization. Payroll automation is often integrated into the company’s enterprise resource planning (ERP) system that gives a thorough view of the finances of the company. This article is the fourth installment of our series on budgeting: Automated Payroll Budgeting.

Continue reading

Hanna Kim
Budgeting for Manufacturing Companies with Sage 100

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.

Continue reading

Hanna Kim
Excel-based Budgeting Tools versus Web-based Budgeting Tools (Budgeting Series)

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.

Continue reading

Matthew Felzke
Reporting and Dashboards for Sage X3

This article will discuss two of the primary Business Intelligence (BI) analytical processes for Sage X3 customers, financial reporting and dashboards, with a focus on modern functionality.

While financial reporting is arguably the cornerstone of Business Intelligence (BI) analytical processes, dashboards are the top priority in terms of solutions executive teams are seeking.  Both are important to understanding the overall health of your organization, and you have choices for both on-premises and web-based, Cloud-hosted financial reporting and data visualizations.  Sage X3 users should be in the know regarding today’s best software options for achieving accessible, easy-to-use, robust analytics, specifically in terms of financial statements and dashboards.  In this article, I will discuss both financial reporting and data visualizations for Sage X3 customers – and the modern business problems you can solve with today’s powerful BI software.

Continue reading

Matthew Felzke
Finding the Right BI Tool at Dynamics GPUG Summit

This article will discuss the key features, functionalities, and competencies that you should consider when searching for the right BI tool at the Microsoft Dynamics GPUG Summit.

The Microsoft Dynamics Summit is right around the corner, in session during October every fall, and attendees are looking to improve their data management and analysis processes.  Several user groups, including CRMUG, GPUG, NAVUG, and AXUG, will convene to seek out best practices, third party tools, and building best-of-breed solutions for increased productivity, better streamlining, and an impact on the bottom line.  This article will zoom in on the search for the right Business Intelligence (BI) tool for your team’s Microsoft Dynamics GP experience, with a focus on the key features and functionalities of today’s best third party BI solutions.

Continue reading