Posts

LOS ANGELES, CA. — March 3, 2020 — Solver, the global leader in cloud and web-based Corporate Performance Management (CPM) for mid-market ERP systems, has been recognized by Analytics Insight Magazine as one of the Top 10 Most Influential Analytics Leaders of the Year.  Analytics Insight Magazine selects its annual list of Influential Analytics Leaders based on who drives digital transformation, opens new ways to create business value and facilitate data-driven decision making across organizations globally.  After another year of growth in cloud subscriptions, Solver sees this award as further acknowledgement of the Solver Cloud deployment’s success.

As Solver continues to grow, developing its CPM solution into the most efficient, dynamic option in the mid-market space remains its primary focus.  Solver has focused on releasing pre-built integrations directly addressing its most widely used ERP systems, including those from Microsoft Dynamics, SAP and Sage.  With the recent release of its Hybrid Cloud Connector for Microsoft Dynamics GP with additional ERPs to follow shortly, Solver is able to offer live cloud-to-on-premise ERP reporting capability  that makes its CPM solution even more compatible with the majority of its users.  While the growth of Solver’s cloud platform signals its direction as a leader in CPM solutions, Solver also continues to nurture its on-premise users.  In addition to product development, Solver has also consistently added new content to the Solver Academy eLearning portal covering the latest training content updates.  Not only does Solver strive to provide the most innovative CPM solution to its partners and customers, but it puts equal importance on efficient support and service resources as well.

Says Solver CEO Nils Rasmussen, “To me, the 2020s represents the most exciting decade so far for the analytics industry.  We have incredible technology enablers like cloud and AI that the industry can take advantage of to drive innovation and process improvement for customers.”  He adds, “I also think leaders need to challenge the status quo in their industry and ask themselves how their organization can innovate not only to drive revenue and profit growth but to improve the lives and businesses of their customers, partners and team members.”

Solver views the Top 10 Most Influential Analytics Leaders recognition as strong continuation of its start to the new decade, where it expects even more growth for its cloud platform.

To read Solver’s feature article, click here.

 

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 Operations 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 is sold through its 12 global offices and a

LOS ANGELES, CA. – February 11, 2020 – Solver, ranked among the highest rated companies in cloud-based Corporate Performance Management (CPM) for customer satisfaction by G2, announced its partnership with Sana, the maker of the Sana Commerce app for Microsoft’s Dynamics 365 Business Central and other ERP systems.  Solver and Sana have partnered to integrate Solver’s reporting and budgeting solution with Sana’s e-commerce solution to offer customers advanced cloud-based reporting. With this integration, Dynamics 365 customers using Sana Commerce can now create advanced reports for their e-commerce data as well as their Dynamics Business Central financial data using a single cloud-based CPM solution. The integration comes with a number of pre-defined reports including: Web order customer detail, e-commerce KPI report, outstanding quotes, sales by customer, returns analysis and multi-month sales trend.

By partnering together for this integration, Solver and Sana are focusing on delivering rapid time-to-value for Dynamics 365 customers looking for professional reports with drill-down that will provide their managers with better and faster decisions related to their e-commerce sales data. It will also allow them to view the related impact on their financial statements.

“With this integration as well as the pre-built and user-definable reports, managers can view their e-commerce business data in virtually any imaginable format to get important insights,” said Nils Rasmussen, CEO at Solver. He continued, “Our joint customers can also use the Sana Commerce data as part of Solver budget input forms for sales forecasting.”

“For Sana giving our customers insights into their KPIs is important. Tools like Solver allow businesses to get the most out of their Sana web store by using data. We are very happy to be working with Solver to help give our customers an overview of their online performance,” said Arno Ham, Chief Product Officer at Sana Commerce.

 

 

About Solver

With a quickly growing community of thousands of global customers and hundreds of partners worldwide, Solver provides the leading cloud Corporate Performance Management suite for Microsoft Dynamics 365, 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 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.

 

About Sana Commerce

Sana helps businesses all over the world reach their full potential. We offer the shortcut to e-commerce. How? Through 100% seamless integration with SAP and Microsoft Dynamics.  Our e-commerce solution leverages existing business logic and data in powerful and user-friendly web stores. This lets our clients focus on improving customer experience, streamlining sales processes, and increasing sales volume and frequency.
Sana Commerce is a certified partner of Microsoft Dynamics and SAP. Our innovative approach and strong partner network make Sana the driving force behind over 1,500 web stores worldwide. Because of our experience and expertise, we can go all the way, offering not only a product but also supporting services such as online marketing, Search Engine Optimization (SEO) advice, hosting, design and online payment providers.

LOS ANGELES, CA. – January 28, 2020 – Solver, ranked by G2 as one of the highest rated companies in cloud-based Corporate Performance Management (CPM) for customer satisfaction, today announced a more than 100%  year-over-year increase in cloud subscriptions.  Solver attributes this growth to cloud platform maturity, continually enhanced functionality and ease of use.  In 2020, Solver expects continued rapid cloud subscription growth with the launch of its new simplified branding, unifying its product and company name, in addition to advancements in its cloud platform and expansion into new markets with growth  of its global teams.  With a rapidly increasing number of cloud-based users, Solver is now able to provide the latest cloud updates and features to all of its cloud customers automatically on a monthly basis.

As Solver matured its cloud platform over the past few years, it is now rich in functionality and well received among its reselling Partners.  Solver is now focused on delivering even more innovative solutions to its users. From rapid deployment of robust data source connectors and process optimization for reporting and planning, to an expanded local presence in new international markets.

“We are thrilled with Solver’s rapid cloud growth and the adoption in our partner channel” says Nils Rasmussen, CEO at Solver. He continues; “We are deeply focused on the next level of innovation to help our customers grow by enabling them with faster and better decisions.”

Overall, Solver’s growth in cloud subscriptions marks its success in meeting users’ needs and offers its Partners a bright outlook for the decade ahead.

 

About Solver

With a quickly growing community of thousands of global customers and hundreds of partners worldwide, Solver provides the leading cloud Corporate Performance Management suite for Microsoft Dynamics 365 Finance and Operations 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 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.

LOS ANGELES, CA. – January 7, 2020 – Solver, ranked among the highest rated companies in cloud-based Corporate Performance Management (CPM) for customer satisfaction by G2, today announced the rebranding of its product from BI360 to Solver.  As a key part of the overall strategic objective of making implementation, education, selling and marketing its product even easier, Solver’s rebranding is a response to its customers and partners, as well as to the larger shifts in the industry.  The simplification and unification of its brand is one of many steps Solver is taking to align itself with the market’s demand for ease of use.

“Our BI360 suite had its humble beginnings in 2009. Since then the names of our company, Solver, and our product, BI360, have lived side by side.”, says Nils Rasmussen, CEO of Solver. He continues, “Now that we have stepped into 2020 and we have an exciting decade ahead with cloud as the platform, we have decided to unify and simplify our brand by renaming BI360 to Solver and replacing the product logo with our company logo.”

“The new, unified Solver brand is one of many initiatives we have underway to make it as easy as possible for our global partner channel and thousands of customers across all industries to do business with us,” says Tad Remington, Chief Commercial Officer at Solver.

As Solver enters a new decade where cloud technology is already the dominating platform in the ISV industry, prioritizing its ease of use will continue to drive its overall strategy.  By combining its company and product name, Solver expects to make a direct positive impact on its current customers and partners while setting itself up for future success in the era of cloud technology.

 

About Solver

With a quickly growing community of thousands of global customers and hundreds of partners worldwide, Solver provides the leading cloud Corporate Performance Management suite for Microsoft Dynamics 365, 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 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.

Intacct-budgeting-01

This article will describe how organizations leverage planning software to increase efficiency.

This article describes the value in organizing and visualizing data.


Read more

This article will describe how reporting can save operational costs.

 

Photo taken from Shutterstock.


Read more

This article focuses on the benefits of using cloud-based software.

Image taken Shutterstock.


Read more

This article will describe the importance of forecasting with the best corporate performance management software and how it differs from budgeting.
Why is forecasting a good practice for all organizations? Here are five reasons:

  1. A forecast is usually a much quicker process and involves fewer employees.
  2. A forecast is entered at the general ledger account level while detailed templates, such as personnel templates, are not used.
  3. A budget is a company’s intention for the coming year, while a forecast is the most up-to-date expectation of what will happen over the remaining months of the year.
  4. The budget is finalized prior to the start of the year while a forecast can be created monthly or quarterly once the year has started and actual data can be reviewed.
  5. Many organizations create multi-year forecasts while budgets are only for the coming year.

While the budget is created one to two months before the year starts, the bulk of it is created up to fourteen months prior to the start of the month. For example, the budget is finalized in November for a company based on a calendar fiscal year, which is a year prior until the next November happens. Meanwhile, a lot can change in the various aspects of an organization regarding economy, industry, products, competitors, employees, and leadership. A forecast can more accurately influence decision-making.
 

Companies can impact their bottom line by forecasting on a regular basis.

An organization will be much more agile by forecasting monthly, as it can affect the following decisions:

  • Expense reduction and tightening up the authority to spend money.
  • Employee raises, new hires, and terminations.
  • Capital expenditures reductions or increases.
  • Strategic planning and modifying initiatives.

A forecast should include the current year actual data for the closed months. It should also allow the departmental managers to modify the amounts for the remaining months. Additionally, copying the budget data to the forecast will allow managers to concentrate solely on changes in the forecast. You can show the prior year actual data as well.
 

Templates

Another example is a rolling forecast. This template exists for organizations that do not create a budget but they forecast monthly. In a five-year forecast template, it is recommended to plan the first two years quarterly and the last three years annually.
One other option for a monthly forecast is to enter an expected annual amount by each account. Create a calculation that subtracts the annual amount entered from the actual year-to-date data. Then allocate the remaining amount based on historical actual data.
Finally, we recommend using the Breakback template. This template allows a manager to enter a few amounts to create the forecast in October, November, and December:

  • The desired net Income of $600,000. This is the main driver of the Breakback template, and the only input that is mandatory.
  • Increase all administration expenses by 3%. All of the departments are available for a global increase or decrease across all accounts.
  • Increase administration full-time salaries by 6%. All of the accounts are available for a global increase or decrease across all accounts.

Variance Analysis

The calculation of a variance is the difference between the actual expenses and the budget, the actual expenses and the prior-year expenses, or the actual expenses and the forecast. To calculate revenue data, subtract the budget from actual expenses. To calculate expenses, simply do the opposite. The reason for this is that a positive variance is typically good while a negative variance is typically bad.
The first step is to calculate and analyze variances. Then allow departmental managers to enter comments to document the reasons for the variances.
Variance reports can have comparison reports against the budget for both month-to-date and year-to-date data. Envision a middle section that allows for comments or a conditional format for a quick highlighting variances for review. Variance reports can also be an exception report that allows the manager to filter out variances over or under a specific percentage.
There are several ways of showing variances, but how management will create actionable items to prevent or correct the issues remains essential. Variance analyses  help highlight trends, opportunities and challenges. Variances should be a precursor to a re-forecast. This can significantly affect hiring decisions, marketing spending, and strategy changes.

Best-practice Recommendations on Variance Reporting and Analysis Processes 

 

  • Provide variance reports to each department manager.
  • The finance department should meet with each department manager to review the variances and discuss any concerns and successes.
  • Build an input form that stores comments for all departmental material variances.
  • Concentrate on the larger variances and discuss with the executive management of the company.
  • Make changes to the strategy and initiatives of the organization if needed.
  • Continually re-forecast and make decisions regarding the forecast.
  • Create a forecast then the variance reports should be off of the forecast first and the budget second.
  • Document the action items and review them at the start of the next meeting.

Companies utilize forecasting to resolve budget allocation or to plan for anticipated expenses for the upcoming year. Take the time to forecast. Use the tips mentioned above to help achieve those organizational goals without wasting any time. Learn more from Enabling World-Class Decisionsthe executive’s guide to understanding and deploying modern corporate performance management tools.
If you need assistance in finding a corporate performance management solution or a forecasting tool, Solver has a team of experienced professional that can get your organization starting in building the right template for you.
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 you’re interested in learning more, our team is excited to hear about your organizational needs and goals.