This article discusses the benefits of hybrid cloud deployments for your Business Intelligence and Corporate Performance Management systems.
In todayâs business culture, cloud computing is common for enterprises and organizations, no matter the size. It was not always like this, as the technology seemed lofty, new, and unsecure. However, over time, the technological advances, the accessibility of company data from anywhere with an internet connection, and the scalability of cloud computing has reduced costs and made this business culture technology evolution a relevant consideration for all companies. And Business Intelligence (BI) and Corporate Performance Management (CPM) solutions have followed the move to cloud deployments, so if youâre involved with data management, analysis, or decision-making at your company, you might be wondering how to proceed â if you havenât already made the leap. This article will zoom in on the benefit of implementing a hybrid cloud approach as a way to take your BI and CPM processes to the next level.
This article discusses next steps to take for your reporting and budgeting needs regarding Dynamics 365.
Microsoft unveiled their cloud-based enterprise resource planning (ERP) system, Dynamics 365, just a little over a month ago. As a potential business intelligence (BI) customer, youâre probably curious about your reporting and budgeting processes in the context of moving towards a cloud-based ERP system. As you know, a new United States president was elected on November 8th, and as always with a new president, people are curious or worried how things will work out. If you are one of the approximately 85% of the world still using an on-premise ERP system, this same analogy can be applied to those who are planning to go onto a cloud ERP. This article focuses on the next steps to take for your reporting and budgeting in regards to Microsoftâs Dynamics 365 unveiling.
Microsoft Dynamics, a line of ERPs and customer relationship management (CRM) systems, is a power player in the business applications world so, as you can imagine, once Microsoft released Dynamics 365, people also knew that things in the BI realm were going to change with no hesitation. There has been a lot of confusion around Dynamics 365, especially due to the changing naming conventions of this system and to make things clear, Solver CEO Nils Rasmussen explains that âDynamics 365 is really two ERP systems. One is the lower end version of Dynamics 365, based on the NAV product in its structure. The higher end version of Dynamics 365 is based on Dynamics AX and is for the higher end of the market.â Both systems are architected for and deployed in the Microsoft Azure cloud, and itâs all hosted and managed by Microsoft. If you want to learn more, you can read about Microsoft Dynamics 365 and what it all means.
If you are planning to implement or are already using Dynamics 365, NetSuite, Acumatica, or Intacct, you might find yourself shopping for a new budgeting and reporting tool to also benefit from a modern Corporate Performance Management (CPM) solution. You have several options: For instance, your company can rely on the native budgeting features and reporting options that comes natively embedded in the ERP system, but in most cases this means that you will end up exporting data to Excel to design your favorite budget model or to professionally format financial reports. Another option is that to implement a modern web-based CPM solution that integrates well to your cloud-based ERP system. The last option gets to the point: go out and shop for a new tool!
The cloud ERP market is skyrocketing. What are you going to do with your reporting and budgeting? One tip I would like to share is to make sure your budgeting and reporting tool is flexible, accessible, and is offering a cloud solution or at the minimum a web-based interface. With a cloud solution, there is no need to install or maintain upgrades. There are various reporting solutions with features and functionalities that are flexible and accessible. For example, some modern solutions offer Excel add-ins, as well as a web portal that is filled with reports and dashboards that are relevant to the user, so that the user can rapidly get to subscribed reports, commentary, discussions, and groups. A modern web-based CPM portal usually offers an intuitive, collaborative technology that also has workflow, alerts and commentary users can also execute reports on-demand, explain variances, and they can also share Â specific reports with their team members. These modern functionalities are collaborative, increase transparency, and most importantly, they are user-friendly.
As reporting and budgeting solutions continue to get smarter, a number of modern, cloud-based solutions are starting to appear in the BI marketplace and many will offer easy-to-use, pre-built integrations to ERP systems like Microsoft Dynamics 365. As you research and look into more CPMÂ tools, you will notice that some of them are on-premises, some of them are cloud-based, and others are hybrid tools. Top-notch CPM tools that are cloud or web-based platforms such as Adaptive Insights, Anaplan, Host Analytics and BI360 are great options. If you are skeptical about moving everything to the cloud, continue to choose to keep certain business applications on-premises if youâd like, but also plan for the future. You can also learn more on the pros and cons of cloud and on-premises options in the Business Intelligence: Cloud-based, One-premises, or Both? article. Studies do show that cloud helps solve problems such as lowering costs, increasing productivity, gaining flexibility, and all while providing the right information to the appropriate people at the most opportune time, so they can make wise decisions for their organization.
The BI realm for Microsoft customers is about to change as Dynamics 365 has been released and vendors are encouraged to integrate their CPM offerings. As you know, the cloud is constantly changing, and as it evolves, cloud reporting and budgeting solutions continue to get smarter as well. If your current software is limiting your organization from making smart business choices, that is all the reason to invest in a new reporting and budgeting solution. Modern BI solutions are providing business end users choices so they have access to specific data they need when they need it without having to wait for your assistance, but I still suggest you maintain a good relationship with your information technology team as they are the âtechnology geniusesâ of the company and will help make sure that your different systems can talk to each other to maximize productivity and data quality.
Solver enables world-class decisions with BI360, a leading web-based CPM suite made up of budgeting, reporting, dashboards, and data warehousing, delivered through a web portal. 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, our team is excited to hear about your organizational needs and goals.
This article will focus on the process of preparing for a successful software implementation.
Congratulations! Youâve 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.
This article is an introduction: I’ll tell you a little bit about myself and my entry into the Business Intelligence realm, as well as my plans to blog about management solutions.
My name is Hanna Kim, and Iâm an Angeleno. If you live in Los Angeles, you will notice that the city is not full of natives, but it is rather a melting pot of people with interesting stories, and I absolutely admire that about this city. As a story lover, I love traveling. I enjoy learning about different cultures and history, but the most fascinating part of traveling is finding layers about myself that I never knew about. It is always a humbling experience.
Budgeting can be challenging, regardless of your industry, but fortunately, it is getting more dynamic and user friendly with todayâs solutions to upgrade your Microsoft Dynamics AX tasks.Â For Professional Services organizations, planning is just as important, but is unique to the nature of the sector â and this is true for most industries, regarding particular budgeting demands.Â Plenty of companies are still utilizing Excel for homegrown budget processes, but todayâs budgeting demands are more sophisticated than what the spreadsheet application can deliver.Â If youâre seeking anÂ independent software vendor (ISV) budgeting toolÂ that enables you to pull historical data from Dynamics AX, as well as payroll and other company- or industry-specific data sources for an aggregated financial plan that is the result of collaboration, this article is a must-read.
Budgeting is not the easiest task in business management, but the good news is that it is getting easier with modern software options to upgrade your Acumatica planning processes.Â For Professional Services organizations, planning is equally important, but varies because of the nature of the industry â and this can be said about most sectors, in terms of their specific budgeting needs.Â A lot of companies are still using Excel for homegrown budgeting, but quite simply, it falls short for todayâs budgets that are more complex than the spreadsheet program can serve.Â If youâre looking for a third party budgeting toolÂ that allows you to bring historical information from Acumatica, in addition to payroll data and other company- or industry-specific info, all together to streamline your naturally collaborative planning process, this article is for you.
Budgeting can be a tedious task, usually because of the traditional process of manually linking spreadsheets together for a comprehensive budget.Â Fortunately, third party Business Intelligence (BI) software vendors are offering modern upgrades to your budgeting and forecasting tasks with consumer-driven technology.Â If your company is healthy and growing, your planning responsibilities are probably too complicated for manual Excel budgets, so you should be looking at third party solutionsÂ to simplify and improve your planning processes.Â The best modern budgeting tools enable you to securely facilitate collaborative budgeting by distributing ownership to your department heads without annoying logistics.
Itâs no secret that budgeting is not the most enjoyable undertaking for professionals at every level, perhaps due to the old school process of linking spreadsheets together manually.Â However, independent software vendors (ISVs) are dramatically upgrading your choices by modernizing budgeting and forecasting processes with consumer-driven tools. If your organization is healthy in size, your planning tasks are likely too complex for manual Excel budgets, so you should be considering third party solutions to streamline and upgrade your processes.Â Todayâs premier budgeting software empower you to oversee budgeting teamwork in secure ways and distribute ownership to managers without the traditionally messy logistics.