Solver to provide free access to $100,000+ of reports, dashboards, and budget forms
CALABASAS, Calif. â August 3, 2022 â Solver, an award-winning global leader in cloud-based Corporate Performance Management (CPM) software for mid-market ERPs, today announced the official launch of Solver QuickStart. Solver QuickStart features a unique implementation methodology that delivers the industryâs quickest time to value for financial reporting, planning, and dashboards integrated with Microsoft Dynamics 365 Business Central, Microsoft Dynamics 365 Finance, Sage Intacct, and Acumatica.
Traditionally, CPM solution users have had to wait through months of configuration time before gaining insight from their new software, but Solver QuickStart gets customers up and running on the same day they start their implementation. This is due to its patent-pending, automated implementation wizard, which is so intuitive that deployment can be done by a financial professional. In addition, QuickStart implementations include instant access to the Solver Marketplace with 100+ pre-built, ready-to-use reports, dashboards, and budget forms that are free to download and use immediately.
âEverything you get access to with Solver QuickStart and the ready-to-use reports and planning templates from the Marketplace on the first day â at no extra charge â could cost over $100,000 with another CPM solution,â said Nils Rasmussen, CEO at Solver.
âUsing Solver QuickStart, the finance and accounting team can start analyzing their financial data the first day the software is installed, knowing that the data they are slicing and dicing is fully accurate because it results from a seamless integration with their ERP,” continued Rasmussen.
By dramatically reducing the initial implementation phase of traditional CPM solutions, Solver QuickStart delivers an immediate ROI while also building continuous value through its infinitely customizable report-design capabilities. Featuring Excel- and Power BI-based design options, Solver comes equipped with drag-and-drop tools that make it easy to design, customize, and tailor reports, dashboards, and forms on your own or with the help of a Solver expert.
âThe 2020s have shown that business leaders do not have time to wait for insight anymore,â said Rasmussen. âSolver QuickStart is a game changer because it meets the needs of modern business leaders by driving faster, more confident decision-making and greater agility on day one.â
Founded in 1996, Solver has won countless awards for its Corporate Performance Management solution that delivers FP&A solutions to meet midsize business needs. The CPM solution provider has been repeatedly named a CPM Leader by G2, was Microsoftâs BI Partner of the Year, and is recognized on the Gartner Group CPM Magic Quadrant. Solver integrates with leading ERPs and is sold through 20+ global offices and a worldwide network of partners. Please visitÂ www.solverglobal.comÂ or contactÂ firstname.lastname@example.orgÂ to learn more.
User-review site G2 names Solver as one of the best in SaaS
LOS ANGELES â May 23, 2022 â Solver, a global leader in cloud-based Corporate Performance Management (CPM) software for mid-market ERPs such as Microsoft Dynamics 365, Sage Intacct, and Acumatica, today announced that they were named one of the top 10 tech companies in Los Angeles. This recognition comes from G2, a trusted global tech marketing and review platform that bases ratings on verified user reviews.
Solverâs Top 10 Tech Company rating was calculated based on G2 internal data, including reviews from the G2 user community and data aggregated from online sources and social networks. Solver has consistently been named a Leader in Corporate Performance Management software by G2 since 2020.
âIt is truly an honor to be named one of the Top 10 Tech Companies in Los Angeles by G2,â said Nils Rasmussen, CEO at Solver. âThe entire Solver team shares the recognition for this accomplishment because it is their continuous enthusiasm for innovation and customer service that helps our customers leverage CPM technology to overcome challenges inherent in todayâs unpredictable business landscape.â
âThe past two years proved to businesses that everything can change in a day, which is why Solver broke new ground by delivering reporting and planning software that can be deployed and used within the space of a single day,â explained Rasmussen. âSince the pandemic began, Solver Cloud has experienced record-breaking sales while consistently receiving top ratings for customer satisfaction through G2. This indicates that a quick deployment of Solverâs accurate, up-to-date data is precisely what modern corporate leaders need to make faster, better decisions at a momentâs notice.â
Companies interested in Solver are encouraged to learn more about the award-winning Corporate Performance Management solution by touring the software at https://www.solverglobal.com/solver-suite-tour/.
Founded in 1996, Solver has won countless awards for its Corporate Performance Management solution that delivers FP&A solutions to meet midsize business needs. The CPM company was named CPM Leader by G2 throughout 2020 and 2021, Microsoft BI Partner of the Year, and is recognized on the Gartner Group CPM Magic Quadrant. Solver integrates with leading ERPs and is sold through 20+ global offices and a worldwide network of partners. Please visitÂ www.solverglobal.comÂ or contactÂ email@example.comÂ to learn more.
There are more than 200,000 companies running on-premise ERP systems from Microsoft, Sage, SAP and Acumatica world-wide and many are not planning to move to the cloud yet. However, if you are one of them, this does not mean that your company canât start taking advantage of modern cloud-based reporting solutions today to drive better and faster decisions for yourself and your management team!
Hasnât Cloud-based reporting for on-premise ERPs been available for a long time?
Yes, vendors like Prophix, Solver, Vena, Adaptive Insights, and Planful (formerly Host Analytics) have offered both cloud-based financial reporting and budgeting for years. However, all of these vendors have typical corporate performance management (CPM) architectures that require data to be loaded from the on-premise ERP and into the cloud CPM tool before the user can run reports.Â
The process requires a ârefreshâ of data from the ERP database into the CPM database which means that the data users see in reports is not real-time. This also mean that the drill-down on any number is only as detailed as the lowest level data that was loaded into the cloud CPM database.Â
Your executives are often ok with this because they want to wait on their report analysis until the accounting team has closed the books. However, the accounting team that is posting transactions in the ERP system almost always prefers live ERP reporting because they want to immediately see the impact of journal entries in their reports. They donât want to refresh data into a CPM reporting database first, and then wait one minute, ten minutes or significantly longer to run reports after the data has been transferred to the CPM tool.
How do I get true live reporting for my on-premise ERP GP data?Â Â
The obvious answer is that you use the report writer that natively comes with your ERP system such asÂ Management Reporter, GP Report Writer, Smartlist or SQL Reporting Services (SSRS). However, at best, it would be safe to say that these tools have aged âgracefully,â and they are just not comparable to many modern cloud reporting tools.
Key weaknesses of on-premise report tools include:
- Not particularly user-friendly for accounting staff to design reports.
- Lack of easy and professional formatting.
- Typically requires VPN or Terminal Server to connect to the ERP in order to run reports from outside the office network.
- Maintaining multiple report writers for different data (e.g. for formatted financial statements versus sub-ledger transaction reports).
In order to overcome these weaknesses and help on-premise ERP customers maximize the value of their data a modern, cloud-based reporting platform, Solver has now launched what they refer to as âHybrid Cloud Reporting.â You can see it live in this video. This is a unique integration technology that enables you to:
- Use your web-browser to run beautifully formatted reports (looks like Excel formatting).
- Benefit from true real-time reports on your ERP data without any data transfer to a separate reporting database.
- Drill-down from any number in the report directly into your underlying GP transactional data.Â
- Easy internet and browser-based access with no need for VPN, or software like Terminal Server.
- Enter budgets from user-friendly forms (looks like Excel) in the cloud and have the transactions stored directly into the GL budget table in the ERP database.
- Be better prepared to move to a cloud ERP later because the reporting and budgeting solution is already in the cloud.Â
In other words, now your accountants and reporting end-users get the best of two worlds by only needing a web browser to run live ERP reports and drill-down.
Below is a simple architecture diagram to explain how it works:
What about budgeting and forecasting?
Like many other cloud-based CPM solutions, Solver also offers budgeting and forecasting. With the new Hybrid Cloud technology and Solverâs cloud-based Planning Module, users can store budget data directly back from Solverâs budget forms in the cloud, into the General Ledger budget table in the ERP database.Â
So, if you struggle with manual Excel-based spreadsheets for your budgets, you can save a lot of time by eliminating emailing files between users, linking between spreadsheets, and put better controls in place for the entire budget process with workflow and approvals.Â
As an example, users can access budget forms like the example below with their browser and instantly, until you close the budget process, update their departmentâs budget in the ERP system. Since Solverâs Hybrid Cloud updates are real-time, reports can immediately be run to see the impact of these changes on the budget.
Enjoy Faster and Better Decisions in the 2020s
Companies like Solver, Prophix, Vena, Adaptive Insights, and Planful are driving the next generation cloud-based reporting and planning technology. However, with the lack of live reporting and live budget write-back to on-premise ERP systems, accountants and very active ERP users have been left with their legacy tools for their real-time reporting needs.Â Â
With the release of Solver Hybrid Cloud, these users now get the best of both worlds and can start ushering in the 2020âs by enabling themselves and other users with faster and better decisions.Â Learn more about the benefits of choosing Solver CPM solutions by contacting us today or requesting a demo.Â
Supported ERP systems are: Microsoft Dynamics GP, SL, and NAV, Sage 100 (SQL)*, 300* and 500*, SAP Business One (SQL)*, and Acumatica*.
*) Direct budget writeback not offered for these ERPs.
If you are reading this article, you may either be researching a vendor for a budgeting tool or have inherited a corporate performance management (CPM) software from your accounting department. No matter what situation you are in, I have encouraging words for you: The right CPM solution will save time and money. A key benefit of a CPM software is the ability to automate your processes. First, you will need to figure out how to improve your organizationâs budget planning process.
Clean the Data
You may have had a similar process before adopting a CPM tool, but having a budgeting and business planning processes is critical. A CPM solution gives your company the exact data to make informed decisions. The data must be communicated in a timely manner. This allows companies to make decisions in response to actual accounting data compared with anticipated results during the budgeting period. This data must be clear for the decision makers. This can be ensured with the use of dashboards and a data warehouse.
One of our prior articles,Â Corporate Performance Management in the Future: How to Upgrade Reporting, Budgeting, Dashboards, and Data Warehouse Processes, discusses how executives put CPM platform projects as a high priority because they know that a well-planned and executed CPM implementation functions like an âexoskeleton for the business, surrounding every decision-maker with supportive technology to help them make smart and speedy decisions.âÂ However, a well-versed CPM user knows that reports and forecasts are only as good as the data that drives them.
Companies will be leaders in their industries because they have successfully implemented a powerful CPM platform that enables their employees to make smart decisions. These companies have already started cleaning up their data. It can take years, which defines how successful their CPM solution will be because many companies have âdirty dataâ everywhere. This is mainly caused by the errors that inevitably come with manual data entry and gathering data from multiple sources.
Donât Judge a Book by the Cover
Save time and money by automating manual processes. In this digital world, itâs surprising that companies still enter in their data manually.Â Did you know that CPM software companies offer more than simple planning and reporting? The nature of CPM is constant evolving. For instance, planning has always been linked to annual budgeting. Instead of preparing only an annual budget, organizations are beginning to plan more frequently by developing monthly rolling forecasts. In other words, many organizations want to plan at a more detailed level than just the general ledger.
Therefore, when planning becomes more detailed, CPM functions as an operational analytical application. Companies use this as a foundation for planning at a higher and detailed level for budgeting and forecasting. In conclusion, a CPM tool facilitates a smooth, more efficient budgeting process across your entire organization. Learn how a cloud CPM solution like BI360 can help your business improve your organizationâs internal processesÂ here.
Do the Research
Feel free to look at software reviews and even compare corporate performance management tools onÂ G2 CrowdÂ to see which product is the best corporate performance management software for you and your company. CPM helps your business align financial and operational data to drive performance and better foster the health of your company. CPM helps with executing your organizational strategies.Â Keep in mind that strategies, goals, analysis and planning are a part of the CPM process. Selecting the best CPM software solution is a process that requires a great deal of research. If you are struggling to find a CPM tool that fills in all of the blanks, Solver has a team of professionals that can get your company started.
Solver enables world-class decisions withÂ BI360,Â aÂ leading web-based CPM suiteÂ made up of budgeting, reporting, dashboards, and data warehousing, delivered through a web portal.Â Solver is reinventing CPM with its next generation solution. BI360 empowers business users with modern features including innovative use of Excel in the model design process. If youâre interested in learning more,Â our team is excited to hear about your organizational needs and goals.
Congratulations! Youâve already made the hard decision. Youâve done your research on software vendors, youâve notified your IT and finance departments, and the decision makers have signed the contract. Letâs talk about the many stages you and your team will experience as your company prepares for a software implementation project. Weâve talked about the technical […]