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LOS ANGELES, CA. – July 21, 2020 – Solver, a global leader in cloud and web-based Corporate Performance Management (CPM) for mid-market ERP systems, today announced their recognition as an Overall Leader in the Customer Experience Model and a Trust Leader within the Vendor Credibility Model in Dresner Advisory Services 2020 Dresner Wisdom of Crowds® Enterprise Performance Management Market Study.  Dresner Advisory Service, an independent industry resource for Performance Management, Business Intelligence and related markets, annually conducts an in-depth analysis of the enterprise performance management (EPM) market, including trends, deployment options as well as current and planned industry capabilities.

Enterprise performance management remains an important technology, helping organizations to understand multiple metrics and optimize their business,” said Howard Dresner, founder and chief research officer at Dresner Advisory Services. “We congratulate Solver on their performance in their first year of inclusion in our annual assessment of the EPM market.”

In this year’s study, Solver received a perfect recommend score and is considered best in class for consulting continuity.  Specifically, Solver scored higher than the overall sample in categories such as responsiveness, , value, integrity, flexibility/accommodation, business practices and support.

“We are excited about the results of the Dresner Wisdom of Crowds research and the high scores provided by our customers,” says Nils Rasmussen, CEO at Solver. He continues, “With the rising domination of cloud as the platform of choice for corporate planning and financial reporting processes, we will continue to deliver what customers are asking for in order to help them move towards digitalization of the Office of Finance.”

The study noted that the use of enterprise performance management software increased in 2020 with fifty-five percent of survey respondents currently using or considering using EPM software.  Notably, the study also found that annual financial budgets are the highest priority planning capability requirement for EPM software.

Solver’s corporate performance management solution for automated budgeting and forecasting gives organizations a comprehensive planning tool for future investments, cost control, reporting and analysis.  Companies able to accurately estimate financial outcomes and managing financial expectations for the future gain critical insights and competitive advantages.  With budgeting ranked as the most important planning capability for enterprise performance management software, Solver’s advanced, cloud-based functionality delivers clear financial insights, enabling world-class decisions company-wide.

 

About Solver

With a quickly growing community of thousands of global customers and hundreds of partners worldwide, Solver provides a leading cloud Corporate Performance Management suite for Microsoft Dynamics 365 Finance and Business Central, Acumatica, SAP Business One, SAP ByDesign, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, NetSuite and other ERPs. Solver is ranked in the leader quadrant in the Corporate Performance Management (CPM) Software Grid on G2, and as a Microsoft Gold ISV Partner, Solver has won countless awards, including the Microsoft BI Partner of Year Award, recognition on the Gartner Group CPM Magic Quadrant, and Best Places to Work for a workplace culture that celebrates customer service, integrity, and innovation. Solver was named best in class for consulting continuity in Dresner’s Wisdom of Crowds EPM market report.  Solver is sold through its 12 global offices and a worldwide network of partners. For any questions, visit www.solverglobal.com or contact Solver at info@solverglobal.com.

Cash Flow Budget Report Example

What is a Cash Flow Budget Report?

Cash Flow Budget Reports are considered essential planning tools and are used by executives and managers to ensure that its sources and uses of funds provides the necessary liquidity for next year’s operations. Some key functionality in this type of budget report will pull data from Profit & Loss and Balance Sheet accounts then display twelve months of budgets across the columns. Part of the logic from underlying asset and liability accounts is a prediction of the timing for Receivables and Payables. The monthly detail provides managers with insight such as upward and downward trends in the cash flow. You will find an example of this type of budget report below.

Purpose of Cash Flow Budget Reports

Companies and organizations use Cash Flow Budget Reports to ensure that the business has the liquidity required to fund its planned activities for the coming year. When used as part of good business practices in a Financial Planning & Analysis (FP&A) Department, a company can improve its cash flow planning as well as reduce the risk that it incurs extra expenses or disruptions in coming year due to liquidity issues.

Cash Flow Budget Report Example

Here is an example of a Cash Flow Budgeting Report with 12 months of trended planning data.

Cash Flow Budget Report Example

Cash Flow Budget Report Example

You can find hundreds of additional examples here.

Who Uses This Type of Budget Report?

The typical users of this type of budget report are: CFOs and Executives.

Other Budget Reports Often Used in Conjunction with Cash Flow Budget Reports

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Cash Flow Budget Reports, along with profit & loss, balance sheet budgets and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Liquidity Risk Analysis Forecast Report Example

What is a Liquidity Risk Analysis Forecast Report?

Liquidity Risk Analysis reports are considered financial management tools that are used by financial managers to monitor and project the company’s liquidity. A key functionality in this type of report allows the user to score the risk based on a weighted average of various drivers that comprise the overall liquidity risk number as seen in the image below. The user can find more details by expanding the section below the risk rating. In this section, components, such as cash, receivables, EBITDA, payables, debt, and etc. can be viewed. The report pulls these figures from the underlying Cash Flow forecast, which ties to the Profit & Loss and Balance Sheet forecast. You will find an example of this type of report below.

Purpose of Liquidity Analysis Reports

Companies and organizations use Liquidity Analysis Reports to analyze historical and forecasted periods to better manage liquidity. It can also identify unforeseen, as well as, planned business activities that require cash or financing. When used as part of good business practices in a Finance & Accounting Department, a company can improve its liquidity-related decisions as well as reduce the risk that it runs out of money.

Liquidity Analysis Report Example

Here is an example of an easy-to-read Liquidity Risk Analysis report. Because of all the graphical elements, it could also be referred to as a Dashboard.

Liquidity Risk Analysis Forecast Report Example

Liquidity Risk Analysis Forecast Report Example

 

You can find hundreds of additional examples here.

Who Uses This Type of Report?

The typical users of this type of report are: The Board of Directors, CEOs, CFOs, Treasurers and Analysts.

Other Reports Often Used in Conjunction with Liquidity Analysis Reports

Progressive Finance & Accounting Departments sometimes use several different Liquidity Analysis Reports, along with forecasts and reports for profit & loss, balance sheet, cash flow, receivables aging analysis and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others.

In analyses where budgets or forecasts are used, the data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Technology Solutions and More Examples

Accounts Receivable Report with Dynamic Aging Buckets Example

What is an Accounts Receivable Report with Dynamic Aging Buckets?

Accounts Receivable (AR) Aging reports are considered operational reports and are used by accountants to determine past due customer balances. Some of the key functionality in this type of report is that it dynamically calculates and displays outstanding amounts by querying transactions within date ranges like 0-30 days, 31-60 days and so on. Because it is dynamic, the user does not need to first run any aging process in their ERP system. You find an example of this type of report below.

Purpose of AR Aging Reports

Companies and organizations use AR Aging Reports to easily detect customers who are behind on their payments. When used as part of good business practices in a Financial Planning & Analysis (FP&A) and Accounting Department, a company can improve its liquidity as well as reduce the risk that a customer never pays.

AR Aging Report Example

Here is an example of a modern AR Aging report with automatically calculated aging buckets.

Accounts Receivable Report with Dynamic Aging Buckets

Accounts Receivable Report with Dynamic Aging Buckets

You can find 100’s of additional examples here

Who Uses This Type of Report?

The typical users of this type of report are: CFOs, controllers and accountants.

Other Reports Often Used in Conjunction with AR Aging Reports

Most Financial Planning & Analysis (FP&A) and Accounting Departments use several different AR Aging Reports, along with sales transaction reports, accounts payable (AP) reports and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others.

In analysis where budgets or forecasts are used, the data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Technology Solutions and More Examples

 

This article discusses tools that will impact forecasting and analyses for Microsoft Dynamics CRM and Salesforce users.

Photo taken from Shutterstock.

Photo taken from Shutterstock.


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