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This article will explore your options for budgeting and forecasting solutions to accelerate your Microsoft Dynamics AX, NAV, SL and GP experience with heightened planning capabilities.

Budgeting and/or forecasting within any company involves multiple players contributing research and actual financials to put together an informed plan for how the company expects to manage their money in the next (or the rest of the) fiscal year.  For Microsoft Dynamics users, there are plenty of solutions to boost your organizational budgeting, whether you go with a process you build yourself, a native functionality within Dynamics, or a third party product.  This article will discuss modern budgeting and forecasting functionalities in the context of your options for Microsoft Dynamics.
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Third party budgeting options for Dynamics SL are empowering CFOs and budget managers to effectively and dynamically plan for organizational and departmental growth, through secure and simple collaboration.  This article will discuss elements to consider when shopping for the best budgeting tool for your team.

I think it is safe to say that budgeting for a business is a task most would prefer to avoid.  Maybe this has something to do with the tedious nature of the tools available to budget managers.  Excel spreadsheets that are formatted into a budget might be okay for household planning, perhaps for a smaller company’s budget, due to the relatively small set of data, but growing corporations using Microsoft Dynamics SL are taking notice of the benefits of a third party budgeting solution to enhance their accounting and finance objectives.  Some of today’s more modern solutions streamline the process of budgeting by empowering contributors through secure collaboration.  Planning and managing profit and loss, employee budgets, project budgets, and other areas of a business is a necessary task so that corporation leaders can operate within their financial means, ensuring progress.
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Automation is the functionality that makes all modern BI features that much more valuable.  This article will discuss automated budgeting and reporting for Dynamics NAV as a way to more efficiently analyze company data, so you can get to the other tasks on your plate.

Articles about reporting and budgeting for Microsoft Dynamics NAV are all over the place – in print, on LinkedIn, in search results.  In fact, I have written about reporting and budgeting, specifically for Dynamics NAV, on this blog before.  I would imagine that someone who reads these articles might have a subconscious response to the authors: “Maybe you think that generating reports and putting together budgets – and reading about them – is all I do for a living.”  If this is the case, I understand the sentiment.
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In looking for a budgeting solution to enhance what Dynamics NAV has to offer, there are several features to consider.  This article will lay out leading functionalities to consider, including easy and secure collaboration, with built-in business and accounting logic.

Budgeting within an Excel spreadsheet is perhaps sufficient when planning for a household or small business budget, especially because of the small amount of data, but growing organizations that are using Microsoft Dynamics NAV are starting to notice that a budgeting solution is a relevant option, especially as today’s software is able to invite collaboration into a much more streamlined process, moving way beyond built-in capabilities.  Company-wide budgeting and forecasting is an undeniable and unavoidable responsibility because management of money within the means of a corporation empowers growth and expansion.

When it comes to budgeting for any company, there are multiple entities, departments and/or groups with data to report to analyze and plan for the future.  Excel is the arguable standard bearer of spreadsheet software, but when it comes to simple and secure collaboration for multiple players, it can be a logistical nightmare.  However, most Dynamics NAV users already own Excel licenses, so the return on the investment for a budgeting solution might not be clear.  This blog will go about discussing the benefits of budgeting software options for Dynamics NAV – and tips to picking the right product for company needs.
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