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New solution delivers fully functioning reporting, budgeting, and forecasting in one day

LOS ANGELES — June 7, 2021 — Solver, a global leader in cloud- and web-based Corporate Performance Management (CPM) for mid-market ERP systems, today announced the official launch of Solver QuickStart. Solver QuickStart (patent pending) delivers the quickest time to value on the market for financial reporting, planning, and dashboards for Microsoft Dynamics 365 Business Central. solver logo final - main

Unique in the market, Solver QuickStart features a one day full deployment including fully functioning core financial forecasting, budgeting, and reporting templates that are instantly and seamlessly integrated with users’ ERP data. Solver QuickStart also provides unlimited access to the Solver Marketplace, powering on-demand downloads for a growing library of ready-to-use cloud-based advanced financial reports and budget input forms, and 50+ Microsoft Power BI financial dashboards.

“Using Solver QuickStart, the finance and accounting team will gain immediate, same-day, custom insight into detailed financial data that is fully accurate because it results from a seamless integration with the ERP. This is a game-changer that drives faster, more confident decision-making and greater agility on day one,” said Nils Rasmussen, CEO at Solver.

“The one day deployment with instant, two-way ERP integration is extraordinary to see,” continued Rasmussen. “There is literally nothing else like it on the market.”

Building on the January 2021 expanded partnership announcement with Microsoft, Solver QuickStart is currently available for Microsoft Dynamics 365 Business Central and will be available soon for Microsoft Dynamics 365 Finance. Solver QuickStart for other cloud ERPs, including Acumatica and Sage Intacct, will be announced shortly.

About Solver
Founded in 1996, Solver has won countless awards for its Corporate Performance Management solution, including the Experience leader and Trust Leader in Dresner Advisory Services’ 2020 Industry Excellence Awards, Microsoft BI Partner of Year Award, and recognition on the Gartner Group CPM Magic Quadrant. Solver integrates with most leading ERPs and is sold through 20+ global offices and a worldwide network of partners. Please visit www.solverglobal.com or contact info@solverglobal.com to learn more.

Blog header image showing a dashboard with financial report drill down for the Monthly Reporting Process Best Practices blog for Solver CPM



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Blog header image showing a woman with binoculars for the Solver blog on how to use monthly rolling forecasts to gain insight in unpredictable times

According to the 2020 Wisdom of Crowds Enterprise Performance Management Market Study, adoption of enterprise management software increased in 2020. Nearly half of all surveyed organizations now use enterprise performance management (EPM) / corporate performance management (CPM) software, and 78% of survey respondents rated this software as “critical,” “very important,” or “important” to their organization.

Of course, enterprise and corporate performance management software is always useful for Finance and Operations planning, especially during the annual budgeting process, but in a time of economic uncertainty, the budgets that your organization created 12-18 months ago can seem stale and out of date.

Flexible monthly rolling forecasts, which are almost exclusively found in market-leading EPM / CPM software, help keep your Finance and Operations planning fresh and on track throughout unpredictable times, so you can enhance your budgeting agility and maintain your competitive edge.

View templates for forecasting and other critical planning processes.

Why Use Monthly Rolling Forecasts?

“Enterprise performance management software can help organizations manage short-term uncertainty and plan their strategies for the ‘new normal’…” – 2020 Wisdom of Crowds EPM Market Study

Rolling forecasts empower business leaders to continuously plan for the future with insight into the next 12-18 months. Using up-to-date historical data, rolling forecasts can help cultivate more agile organizational planning that helps illuminate how short-term disruptions and adjustments may affect long-term objectives.

In essence, monthly rolling forecasts help companies plan their strategy to overcome economic uncertainty by providing a continuously updating glimpse into the potential future.

Compared to the typical annual budgeting process — which relies heavily on assumptions generated in the past and marches steadily into an unknown future somewhere past the “fiscal cliff” — it is clear why rolling forecasts are critical to success in uncertain times.

Rolling Forecast Usage Is Likely to Increase Due to the Events of 2020

The Wisdom of Crowds study reports that 64% of respondents use rolling forecasts today, and 16% say they have now replaced annual budgets with rolling forecasts (an increase of ~15% YoY). Considering the ongoing disruption caused by COVID and global economic uncertainty, the adoption of monthly rolling forecasts is likely to increase more in 2020.

Would rolling forecasts be right for your organization? Here are a few reasons to consider utilizing this critical tool as a budget manager or executive:

  • Monthly rolling forecasts deliver timely insight based on the recent past.

When you planned your 2020 budget, no one had heard of a coronavirus – and you certainly did not expect a coronavirus to shrink the GDP, disrupt global supply chains, or quarantine your workforce in home offices. It is time to recalibrate your numbers.

Now that all this has happened, a monthly rolling forecast can help you strategize what to do next, whereas that annual budget will offer little to no help.

  • Rolling forecasts can report on current usage of allocated budgets.

Considering the myriad changes listed above, there is a high probability that your company expenditures have strayed significantly from expectations. For example, your company has probably spent less on conferences and travel. Can you re-allocate those budgets?

Department managers may be hesitant to initiate a conversation with you about the amounts still available in their allocated budgets, but a monthly rolling forecast can shine light onto usage (or lack thereof), so you can plan properly.

Why Not Use Rolling Forecast Tools Built into Your ERP System?

If you are running cloud ERP systems like Microsoft Dynamics 365 Finance, your company has a great accounting system. So, why not use the rolling forecast tools built into your ERP system? Simply put, there aren’t many available. That is why more than 90% of the organizations create their forecast models outside their ERP in manual Excel spreadsheet models.

Now, if it fills your needs, there is cash-flow forecasting and sales forecasting included with some ERP systems, including Dynamics 365 Finance implementations, but no forecasting is available on Government Community Cloud (GCC). If you are a Government agency or you want to use rolling forecasts for a wide variety of Operations and Finance areas, it is a smart idea to invest in a purpose-built, flexible and robust market-leading corporate performance management solution that can provide you with the in-depth insight you need immediately.

Next year’s annual budgeting process is here now, yet leaders across the globe still have few answers or concrete plans to address our uncertain future. The best way for you to plan your organization’s budget is to develop your own glimpse into the future… and the best way to do that is with monthly rolling forecasts.

Make Smarter Decisions Now Using Monthly Rolling Forecasts from Solver

With the current situation, you cannot wait to “see what happens.” Forecasting templates from Solver help you get started with this helpful tool quickly, so you can take a proactive role in your Finance and Operations planning processes.

Rolling forecasts from Solver are fully integrated with a number of ERP systems, including Microsoft Dynamics 365 Business Central and Microsoft Dynamics 365 Finance (f/k/a Microsoft Dynamics 365 Finance & Operations), and they provide an easy way for you to look forward into what you can expect next year, so you can plan appropriately.

 

Discover the facts on forecasting during economic uncertainty with this handy how-to from Solver.  

solver suite live reporting

LOS ANGELES, CA. — April 15, 2019 — Solver, the global leader in cloud and web-based Corporate Performance Management (CPM) for mid-market ERP systems, today announced the launch of its BI360 Power BI Connector for the latest April release of Microsoft’s Power BI Desktop application.  As an Azure cloud-based data warehouse, budgeting and reporting solution, the Solver Power BI Connector seamlessly integrates with Power BI desktop, enabling managers and executives to easily gain insights from the organization’s data.  The Power BI Connector’s swift deployment combined with Solver’s advanced input and reporting functionality will enable Power BI users to deploy their dashboards faster and easier, and the combined Solver/Power BI solution offers a best-of-breed tool for planners and decision-makers.  Overall, the release of the connector marks an important milestone in Solver’s value proposition to Microsoft-centric organizations that have deployed or are planning to deploy Power BI.

In a matter of clicks, the connector combines the data from the BI360 cloud-based data warehouse and displays it in the Power BI dashboard.  As for entering data, Solver provides cloud-based input forms for budgets, forecasts, key performance indicators and any other data a user needs displayed in the Power BI dashboard.  In addition to its ease and flexibility, the Solver Power BI Connector gives customers a “single version of the truth” by enabling Solver reporting and budgeting and now Power BI dashboards to connect to the same Solver data warehouse, ultimately providing an environment that supports faster and better decisions.

“Power BI has become one of the world’s leading dashboard solutions and we are very excited about the release and Microsoft-approval of Solver’s Power BI connector,” says, Mike Applegate, CTO at Solver. “Our customers and partners have asked for this and now we have delivered.”

Solver’s release of the Solver Power BI Connector signals its commitment to developing the most accessible tools for Microsoft users to make important financial and operational decisions in their organizations.  Additionally, Solver believes the ease with which the Solver Power BI Connector delivers information to the Power BI dashboard will encourage more Microsoft customers to consider the benefits of the industry-growing use of cloud technology.

To learn more about the Solver Power BI connector and Power BI dashboards, click to see the brochure.

About Solver

With a quickly growing community of more than 2,700 global customers and hundreds of partners worldwide, Solver provides the Solver CPM solution, the leading cloud Corporate Performance Management suite for Microsoft Dynamics, 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 Crowd, 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 available 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.

This article discusses the release of Microsoft Dynamics 365 Business Central and how to enable world-class decision making for executives and managers.
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