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Example of an Asset & Liability Analysis Template to Streamline the Monthly Reporting Process

How can Balance Sheet KPI Analysis Drive Faster and Better Decisions?

As CFOs increasingly become key advisors in the Monthly Reporting Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Balance Sheet reports like the Asset & Liability Analysis template shown below enables them and other executives to review near real time asset and liability metrics that help drive faster and better decisions.

Who uses Asset & Liability Analysis with Variances and Trends and What are Some Key Analytical Features?

In today’s fast-paced business environment, CFOs are under high pressure to supply end users like managers and board members with timely and concise Balance Sheet Analysis. Companies use key features like the ones below to support their leaders with effective analysis that helps drive quicker and smarter decisions:

  • Monitor variances between the current month and last year
  • Detect key asset and liability trends
  • Easy report configuration to focus on the exact balance sheet categories that management wants to monitor

The Asset & Liability Analysis template can be used as a key element of the Monthly Reporting process:

Example of an Asset & Liability Analysis Template to Streamline the Monthly Reporting Process

Example of an Asset & Liability Analysis Template to Streamline the Monthly Reporting Process

The Asset & Liability Analysis with Variances and Trends report is a ready-to-use Balance Sheet Analysis template from the Solver Marketplace.

A Brief Description of the Asset & Liability Analysis with Variances and Trends Template

Balance Sheet Analysis reports like the one seen in the image above are interactive and parameter driven and typically contain sections with variance metrics, trend charts and a report component with detailed figures. One of the important features that aid the user in the analysis process is the ability to quickly see top three balance sheet account categories for short term assets, long term assets, short term liabilities and long term liabilities. Asset & Liability Analysis with Variances and Trends templates are often used in conjunction with profit & loss reports, trended balance sheets and dashboards, cash flow statements, as well as balance sheet and cash flow budget and forecast input forms.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Example of a Profitability Analysis Report to Streamline the Monthly Reporting and Analysis Process

How can Gross Profit and Net Profit Analysis Reports Drive Faster and Better Decisions?

As CFOs increasingly become key innovators in the Monthly Reporting and Analysis Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Gross Profit and Net Profit reports like the Profitability Analysis template shown below enables them and users from the FP&A teams and the board to experience near real time monthly actual and budget profitability and P&L reviews that help drive faster and better decisions.

Who uses Profitability Analysis Reports and What are Some Key Analytical Features?

In today’s fast-paced business environment, CFOs are under high pressure to supply end users like executives and board members with timely and concise Gross Profit and Net Profit Analysis. Companies use key features like the ones below to support their users with effective tools that help drive better profitability and margin insights:

  • Gross profit, Operating Income and Net Profit metrics with actual and budget comparisons for monthly and year-to-date data
  • Monthly trend charts comparing current year with last year and budget
  • Formatted P&L report (below the metrics and charts shown in the screenshot below)

The Profitability Analysis template can be used as a key element of the Monthly Reporting process:

Example of a Profitability Analysis Report to Streamline the Monthly Reporting and Analysis Process

Example of a Profitability Analysis Report to Streamline the Monthly Reporting and Analysis Process

The Profitability Analysis report is a ready-to-use Gross Profit and Net Profit Analysis template from the Solver Marketplace.

A Brief Description of the Profitability Analysis Template

Gross Profit and Net Profit Analysis reports like the one seen in the image above are interactive and parameter driven and often contain sections with charts, variances with indicators, profit & loss summary and account-level detail. One of the important features that aid the user in the analysis process is the ability for the user to detect a variance in the KPIs in the left section of the report and then click on the number to automatically navigate to the P&L located below. From there you can drill from an account balance and down to the underlying GL journal entries. Profitability Analysis reports are often used in conjunction with trended balance sheets, gross margin analysis reports, KPI dashboards.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Example of a Multi-year Revenue Trend Analysis Report to Streamline the Annual Reporting and Budgeting Process

How can Revenue Trend Analysis Drive Faster and Better Decisions?

As CFOs increasingly become key innovators in the Annual Reporting and Budgeting Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive revenue reports like the Multi-year Revenue Trend Analysis template shown below enables them and users from the FP&A teams and the board to experience near real time annual trend analysis across seven years that help drive faster and better decisions.

Who uses Multi-year Revenue Trend Reports and What are Some Key Analytical Features?

In today’s fast-paced business environment, CFOs are under high pressure to supply end users like executives and board members with timely and concise Revenue Analysis. Companies use key features like the ones below to support their users with effective reports that helps drive better strategic decisions by understanding multi-year trends:

  • User can choose company and year and see the related trended data
  • Combines graphical trend analysis with detailed view of each GL revenue account and its balances
  • Drill down on any GL account to see the underlying transactions

The Multi-year Revenue Trend Analysis template can be used as a key element of the Annual Reporting and Budgeting process:

Example of a Multi-year Revenue Trend Analysis Report to Streamline the Annual Reporting and Budgeting Process

Example of a Multi-year Revenue Trend Analysis Report to Streamline the Annual Reporting and Budgeting Process

The Multi-year Revenue Trend Analysis is a ready-to-use Revenue Analysis from the Solver Marketplace.

A Brief Description of the Multi-year Revenue Trend Analysis Template

Revenue Analysis reports like the one seen in the image above are interactive and parameter driven and typically contain sections with visualizations and report detail. One of the important features that aid the user in the analysis process is the ability to see the dynamic trend chart that displays year-to-date revenues for the current year as well as complete annual revenues for the past six years. The formatted report below the chart enables account-by-account analysis. Multi-year Revenue Trend Analysis reports are often used in conjunction with profit & loss reports, trended balance sheets and dashboards, as well as revenue budget and forecast input forms.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Example of a Rolling 10 Quarter Revenue Analysis Template to Streamline the Quarterly Reporting Process

How can Quarterly Rolling Revenue Analysis Drive Faster and Better Decisions?

As CFOs increasingly become key innovators in the Monthly and Quarterly Reporting Processes, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Revenue Analysis like the Rolling 10 Quarter Revenue Analysis template shown below enables them and users from the FP&A teams and the board to experience near real time quarterly revenue trend analysis that help drive faster and better decisions.

Who uses Rolling 10 Quarter Revenue Analysis and What are Some Key Analytical Features?

In today’s fast-paced business environment, CFOs are under high pressure to supply end users like executives and board members with timely and concise Revenue Analysis. Companies use key features like the ones below to support their users with effective analysis that helps drive better revenue trend insights:

  • The user can select the Revenue Type (typically a Revenue Account Category) at run time and then the report will exclusively focus on the related GL accounts for in-depth analysis and clarity
  • The report automatically displays charts and data for the last rolling 10 quarters
  • The user can drill into months by expanding each quarterly column or drill into individual GL revenue accounts in the report below the chart

The Rolling 10 Quarter Revenue Analysis template can be used as a key element of the Quarterly Reporting process:

Example of a Rolling 10 Quarter Revenue Analysis Template to Streamline the Quarterly Reporting Process

Example of a Rolling 10 Quarter Revenue Analysis Template to Streamline the Quarterly Reporting Process

The Rolling 10 Quarter Revenue Analysis report is a ready-to-use  template from the Solver Marketplace.

A Brief Description of the Rolling 10 Quarter Revenue Analysis Template

Revenue Analysis reports like the one seen in the image above are interactive and typically contain sections with parameter-driven analysis with up to two and a half years of historical data by quarter and month. One of the important features that aid the user in the analysis process is the ability to see a powerful combination of summary metrics (chart) and detail (report below the chart) to easily discover quarterly and multi-year trends. Rolling 10 Quarter Revenue Analysis reports are often used in conjunction with profit & loss reports, monthly revenue and sales dashboards, sales reports, and revenue budget and forecast input forms.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Example of an Operating Expense Analysis Report to Streamline the Monthly Reporting and Analysis Process

How can Operating Expense Analysis Reports Drive Faster and Better Decisions?

As Controllers increasingly become key innovators in the Monthly Reporting and Analysis Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Operating Expense Analysis Reports like the Operating Expense Analysis template shown below enables them and users from the FP&A teams to experience near real time operating expense (OPEX) analysis that help drive faster and better decisions.

Who uses Operating Expense Analysis Reports and What are Some Key Analytical Features?

In today’s fast-paced business environment, Controllers are under high pressure to supply end users like CFOs, controllers and department heads with timely and concise Operating Expense Analysis Reports. Companies use key features like the ones below to support their users with effective analysis that helps drive better expense control and improved profitability:

  • Monthly and YTD expense totals with variances to budget and last year actuals with drill-down to account level detail in report at the bottom
  • Automatically calculated full year expense estimate as well as Top Ten Expense Variances
  • Monthly trend chart comparing actual current year with budget and last year figures

The Operating Expense Analysis template can be used as a key element of the Monthly Reporting and Analysis process:

Example of an Operating Expense Analysis Report to Streamline the Monthly Reporting and Analysis Process

Example of an Operating Expense Analysis Report to Streamline the Monthly Reporting and Analysis Process

The Operating Expense Analysis is a ready-to-use Operating Expense Analysis Report from the Solver Marketplace.

A Brief Description of the Operating Expense Analysis Template

Operating Expense Analysis Reports like the one seen in the image above are interactive and parameter driven and typically contain sections with charts, expense summary and detail, and top variances. One of the important features that aid the user in the analysis process is the ability to view a powerful combination of summary metrics, traffic lights to highlight variances and charts to display trends. Operating Expense Analysis reports are often used in conjunction with revenue analysis reports, profit & loss reports, expense dashboards, and AP reports.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Does your accounting and finance department waste valuable time with manual monthly reporting tools? Do you have too many Excel spreadsheets to keep track of? Is your budget process slow and painful? With Corporate Performance Management (CPM) software you can lead a transformation of the office of finance in your business ‚Äď and as a result help enable your management teams with faster and better decisions.

In this blog, we will look at the benefits of CPM software and how it can transform your business.

What Is CPM Software?

Modern Corporate Performance Management software uses cloud platforms that enable a single version of the truth with automated and self-service financial and operational reporting. It also manages the entire budget process as well as forecasting tasks that drive more accurate year-end estimates. Using CPM software enables process improvements, reduces mistakes, minimizes dependency on manual spreadsheets, and speeds up analysis. 

CPM software also enhances and extends the reporting and planning capabilities of ERP systems. While popular ERP solutions from vendors like Microsoft, Sage, SAP, and Acumatica always offer basic financial reporting and budgeting functionality, customers typically grow out of these tools. They then either end up with manual Excel spreadsheet models or they bolt a CPM solution on top of their ERP system to make sure their teams have best-of-breed solutions both for accounting needs as well as planning and reporting.

From Excel challenges to reporting hero

Spreadsheets Are Flexible, but….

Most companies, nonprofits, and government organizations are still relying on manual Excel spreadsheets in various areas of their reporting and planning processes. Chances are that you are too!

Below are some of the typical issues with spreadsheets. The resulting pain can go from overworked staff that quits to finance managers that get fired because of inaccuracies or direct negative impact on a company’s ability to drive efficiencies and to grow: 

  • Inaccurate output due to formula mistakes
  • Broken or outdated links to data sources or other files
  • Lack of efficient collaboration, multiple users cannot access and update files simultaneously
  • Insufficient controls with no approval process or workflow due to the nature of Excel files
  • No real-time reporting during budgeting and forecasting process to assess progress or catch errors
  • Inability to dynamically refresh models with the latest actuals¬†
  • No audit trail to track when individual changes were made
  • Lack of documentation and support due to proprietary models
  • Dependency on Excel gurus to fix issues or make changes
  • Slow monthly reporting process
  • Slow budget and forecast processes
  • And more‚Ķ

Challenges with Excel reporting and budgeting

However, despite the potential issues of relying too much on spreadsheets for your financial reporting and planning, they also have many advantages, such as: 

  • Almost all financial staff are familiar with Excel
  • Spreadsheets are incredibly flexible and have great graphics and layout capabilities
  • Models can be designed quickly to solve various information needs

As a result, many organizations rely on CPM tools as their core reporting and budgeting solution and supplement with Excel models for various ad-hoc tasks that are not worthwhile to design into the CPM solution.

Where does CPM Software fit in?

So, which tasks are most suitable for Corporate Performance Management software? CPM solutions take you beyond Excel models and enable a business to build a reporting and planning platform that drives efficiency, enables faster and more reliable information, and provides a tool that can scale with the growth of an organization. With CPM software, financial professionals can:

  • Gain the organization-wide visibility needed to effectively monitor and measure performance
  • Easily combine data from the ERP system as well as other key information sources
  • Enable a collaborative, secure cloud platform for reporting and planning
  • Automate repetitive tasks in the budgeting and reporting processes
  • Quickly generate forecasts and create what-if scenarios during times of uncertainty
  • Manage cash flows to predict future needs and ensure solvency
  • Give users a self-service, on-demand platform, with tools tailored to their specific role
  • Improve data accuracy with strong controls and reconciliation tools
  • Shorten the cost and time for tasks such as annual budgeting and monthly reporting¬†
  • Gain better prediction through efficient driver-based models that can be quickly updated
  • Simplify multi-company consolidations, including eliminations and currency conversion
  • Enable the use of artificial intelligence (AI) and machine learning
  • Drive faster and better decisions with a single version of the truth
  • And so much more

As companies grow out of Excel spreadsheets for essential financial and planning processes, they can deploy CPM platforms to streamline budgeting, forecasting, financial reporting, and consolidations processes. It should be noted that some of the leading CPM solutions are popular among finance users exactly because they tightly integrate with Excel. This can be thought of as an architecture that takes the best of Excel and the best of a cloud platform and marries the two.

With automation also comes the opportunity to reduce the cost of manual labor and increase accuracy and the time it takes to deliver essential information to decision-makers. What used to take weeks or months with spreadsheets can be reduced to days or hours with modern cloud-based CPM solutions. 

Benefits of CPM Software

A popular notion in recent years is that data is the new gold. While homegrown spreadsheet models can burst at the seams if you try to store too much data, it also quickly turns into a security risk. 

Corporate Performance Management software significantly eliminates these problems by using scalable cloud databases to store data, including from many different data sources. Detailed, menu-driven user administration with single sign-on and multi-factor authentication ensures that reports and budgets are only accessible to the right team members and for the assigned business areas.

As the number of data sources and the actual transaction volume grow, the complexity in spreadsheet models grows exponentially. Similarly, as the number of end users entering data and sharing Excel files grows, formula errors and data entry mistakes become rampant. 

CPM platforms eliminate or significantly reduce such issues by connecting directly to the APIs of your data sources to load historical data on a scheduled basis, enabling power users to deploy (and update!) dashboards, financial reports, and budget models directly to end users in their web browsers.

As a result of the process and quality improvements to planning and reporting activities, the migration from spreadsheet models to a CPM platform will, in a clear and visible way, drive faster and more informed financial and operational decisions.

With modern, cloud-based CPM software you and your staff can focus more on managing the business and stop spending time maintaining complex spreadsheet models. A popular statement related to benefits of CPM platforms is that you will go from spending 80% of your time managing spreadsheets and data and leaving only 20% of your time for analysis, to spending 20% of your time on managing your CPM solution and 80% of your time will be available for analysis.

CPM as an Integrated Cloud Platform

Corporate Performance Management software started becoming popular in the 1990s. The software category matured and a number of CPM offerings for smaller, midsize, and enterprise organizations arrived between 2000 and 2020. Many of these solutions were originally built for on-premises deployment, and they could also be hosted as individual instances in third-party server farms, often referred to as hosting providers.

From 2020 and onward, all modern CPM vendors have built or re-written their solutions to be public cloud, multi-tenant solutions hosted and updated by the vendors themselves. 

Somewhat tedious annual upgrades or patches done by consultants or your IT department have been replaced by automated monthly cloud updates that arrive in your browser with new features and improvements next time you log in. 

In a similar fashion, what used to be a significant upfront purchase followed by annual maintenance fees now have become cloud subscriptions with a once-a-year renewal. Beyond pricing and automated, frequent updates there are other benefits with modern, cloud-based CPM software, such as pre-built connectors to your data sources and marketplaces with pre-built reports, dashboards, and budget templates. 

Combined with the complete elimination of the need to buy and maintain local hardware servers with related electricity costs and database licenses, ROI calculations (free tool here) show that cloud CPM solutions provide significantly better return on investments than the classic on-premises offerings, and they are easier for vendors to support than thousands of local installations at customers’ offices. 

Typical CPM architecture

Rapid CPM Deployment Drives Quick Time to Value

Top CPM vendors have taken the CPM experience to the next level by innovating the initial deployment experience to offer almost immediate use of their product. Two such innovation examples are Solver’s QuickStart and Template Marketplace.  

The underlying technology uses pre-built data source connectors, setup wizards and ready-to-use reports, dashboards, and budget forms to enable as quick as single-day mini-implementations that later can be expanded with custom report writing and other tailoring. That is a vastly quicker time-to-value than classic implementations where you start with an empty CPM box and it often takes 2-3 months of implementation before you get practical use of your new system. 

Here are some important functionality trends and best practices delivered by modern CPM providers:

PRE-BUILT INTEGRATIONS TO ERPS AND OTHER DATA SOURCES

Integrating your transaction data sources to a CPM solution can be a tedious task, often with technical integration consultants involved for days if not weeks. However, with many CPM vendors partnering up with ERP firms, it is increasingly normal that CPM vendors create specific integrations to each popular ERP system, sometimes even with the fields in each system coming pre-mapped. 

 MARKETPLACES WITH OUT-OF-THE BOX TEMPLATES

In the old days, CPM solutions were sold as empty boxes and implementations started from scratch with no budget forms, reports, or dashboards. Nowadays, CPM vendors have realized that customers want quick time to value, and as a result the trend is toward in-app marketplaces where users with a few clicks can select and download templates for immediate use. These templates are typically modifiable so users can change colors, add columns, etc. to tailor them to corporate standards.

SELF-PACED ONLINE TRAINING ACADEMIES

Pre-COVID it was still relatively normal to have physical in-class training to learn a new enterprise software. However, with modern training portals, most vendors now offer self-paced academies where users can learn the CPM software through videos and tutorials and earn certifications from the comfort of their own home.

CRAWL-WALK-RUN

Lengthy big-bang implementations were the standard of CPM projects in the past. It led to higher-risk projects as numerous architectural decisions had to be made, often with required input from users who still did not fully understand how the system would work with their own data. 

With modern rapid deployment options, users can almost immediately start using standard reports, dashboards, and budget forms, which significantly enhances their ability to make smart and informed decisions for later tailoring and expansion of the system. This approach is often described with popular terms such as crawl-walk-run, quick win, MVP (minimum viable product), or rapid deployment.

MAKE BETTER DECISIONS

While a primary goal for CPM software is to automate financial reporting and planning processes, even more important is how it will support faster and better decisions. Timely information available in the right format and to the right manager can have a direct impact on the company’s top and bottom line, whether it drives revenue maximization or cost control. 

Furthermore, and especially during uncertain times, the planning capabilities often become the core value of a corporate performance platform, allowing users to quickly modify drivers and create new budget and forecast scenarios that managers can use for their human capital planning and other essential strategies and tactics. 

The key is to use the CPM solution to free up time for analysis and decisions by automating otherwise tedious data collection, consolidation, reconciliation, and presentation preparation. 

Is Now the Time for Integrated Financial Planning and Reporting With CPM?

One of the key benefits of modern Corporate Performance Management solutions is to streamline planning and reporting processes and at the same time enable your business with a secure cloud platform that consistently produces one version of the truth compared to what you can do with homegrown spreadsheet models, multiple report writers, etc. So, if you have arrived at this conclusion, what are the typical next steps?

  1. Document What Constitutes Success

Meet with executive sponsors and key users to document the desired business outcomes of the CPM project from their point of view. These should be presented to the CPM vendors you are going to evaluate to ensure that they feel comfortable that their solution can deliver these outcomes. The outcomes should also be brought up during and at the end of the project to ensure alignment. 

  • Create a list of open-ended questions
  • Interview executives and key users
  • Reconcile answers and document them in a clear bullet point format¬†¬†
  1. Define Your Needs

By creating a clearly defined list of your planning and reporting needs and pains, you will be able to communicate relevant requirements to the CPM vendor when the evaluation process starts.

  • Document current as well as desired planning and reporting processes
  • Document the data sources that will be feeding the CPM system¬†¬†
  • Quantify time currently spent on such processes
  • Describe critical and required functionality¬†
  • Estimate cost of inefficiencies and inaccurate data
  1. Select the CPM Solution With the Best Fit

The good news is that a number of good Corporate Performance Management solutions are on the market. Usually these are optimized for smaller, medium, and large organizations, and pricing and complexity are closely related to your company size and user count. Here are suggested steps to help find the best CPM solution for your needs:

  • Make final selection with input from users and any third-party experts

You can use this CPM software vendor comparison and ROI tool to assist you in finding the best CPM solution for your needs.

  1. Implementation and Go Live

Even the best software can be implemented poorly, resulting in a subpar outcome. For this reason, you want to carefully verify that consultants and your own team that will be helping with the implementations have the right experience and track record. 

  • Define the joint consultant/employee implementation team.
  • Create a good project plan with clearly defined phases, timelines, and responsible person(s).
  • Be willing to think new based on functionality in the chosen CPM platform (i.e., ‚Äúsquare peg in a square hole‚ÄĚ) as well as suggestions to make improvements over your old planning and reporting models.
  • Identify areas that can deliver quick wins that enable part of the solution to be used right away. This can often be achieved with pre-built connectors and out-of-the-box or sample templates from the vendor.
  • Communicate well and often and encourage the team to drive innovation and improvements.

With proper planning and execution, you have a high likelihood that your new CPM solution will help take your organization to the next level. Your finance and accounting team will spend less time maintaining old models and have more time for analysis and decision-making.

 

If this is the right time for you to look at a CPM solution, take a look at the Solver tour and contact our team at any time to tell us about your needs. With Solver’s QuickStart integrations and pre-built templates, you could be on your way in as little as one day!

 

Example of a Revenue Analysis Report with Quarterly Actual and Budget Comparison to Streamline the Quarterly Reporting Process

How can Quarterly Revenue Analysis Drive Faster and Better Decisions?

As CFOs increasingly become key innovators in the Quarterly Reporting Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Revenue Analysis like the Revenue Analysis with Quarterly Actual and Budget Comparison template shown below enables them and users from the FP&A teams and the board to experience near real time quarterly actual and budget variance- and trend analysis that help drive faster and better decisions.

Who uses Revenue Analysis with Quarterly Actual and Budget Comparisons and What are Some Key Analytical Features?

In today’s fast-paced business environment, CFOs are under high pressure to supply end users like executives and board members with timely and concise Revenue Analysis. Companies use key features like the ones below to support their users with effective reports and dashboards that helps drive better revenue insights and faster decisions:

  • Quarterly revenue figures with variances to budget and last year actuals
  • Detailed account level report with drill-down to underlying GL transactions
  • Quarterly trend and variance charts comparing actual current year with budget and last year figures

The Revenue Analysis with Quarterly Actual and Budget Comparison template can be used as a key element of the Quarterly Reporting process:

Example of a Revenue Analysis Report with Quarterly Actual and Budget Comparison to Streamline the Quarterly Reporting Process

Example of a Revenue Analysis Report with Quarterly Actual and Budget Comparison to Streamline the Quarterly Reporting Process

(screenshot picture name for Google) ->  The Revenue Analysis with Quarterly Actual and Budget Comparison Report is a ready-to-use Revenue Analysis template from the Solver Marketplace.

A Brief Description of the Revenue Analysis with Quarterly Actual and Budget Comparison Template

Revenue Analysis reports like the one seen in the image above are interactive and parameter driven and typically contain sections with charts, variances with indicators, revenue summary and account-level detail. One of the important features that aid the user in the analysis process is the powerful combination of summary metrics with traffic lights to highlight variances and charts to easily discover trends. Revenue Analysis with Quarterly Actual and Budget Comparisons are often used in conjunction with profit & loss reports, monthly revenue and sales dashboards, sales reports, and revenue budget input forms.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Example of a Revenue Report with Monthly Actual and Budget Comparison to Streamline the Monthly Reporting and Analysis Process

How can Graphical Revenue Analysis Drive Faster and Better Decisions?

As CFOs increasingly become key innovators in the Monthly Reporting and Analysis Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using graphical reports like the Revenue Analysis with Monthly Actual and Budget Comparison template shown below enables them and users from the FP&A teams and the board to experience near real time monthly variance- and trend analysis that help drive faster and better decisions.

Who uses Revenue Analysis Reports with Monthly Actual and Budget Comparisons and What are Some Key Analytical Features?

In today’s fast-paced business environment, CFOs are under high pressure to supply end users like executives and board members with timely and concise Revenue Analysis. Companies use key features like the ones below to support their users with effective reports that help drive better revenue analysis and faster decisions:

  • Monthly and YTD revenue totals with variances to budget and last year actuals with drill-down to account level detail in the report section at the bottom
  • Automatically calculated full year revenue estimate
  • Monthly trend and variance charts comparing actual current year with budget and last year figures

The Revenue Analysis with Monthly Actual and Budget Comparison template can be used as a key element of the Monthly Reporting process:

Example of a Revenue Report with Monthly Actual and Budget Comparison to Streamline the Monthly Reporting and Analysis Process

Example of a Revenue Report with Monthly Actual and Budget Comparison to Streamline the Monthly Reporting and Analysis Process

(screenshot picture name for Google) ->  The Revenue Analysis with Monthly Actual and Budget Comparison report is a ready-to-use template from the Solver Marketplace.

A Brief Description of the Revenue Analysis with Monthly Actual and Budget Comparison Template

Revenue Analysis Reports like the one seen in the image above are interactive and parameter driven and typically contain sections with charts, variances with traffic light, revenue summary and account-level detail. One of the important features that aid the user in the analysis process is the ability to get a powerful combination of summary metrics with traffic lights to highlight variances and charts to easily discover trends. Revenue reports with Monthly Actual and Budget Comparisons are often used in conjunction with profit & loss reports, revenue and sales dashboards, sales reports, and revenue budget input forms.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Example of an Opening Balance Roll Forward Profit & Loss Report to Streamline the Year-end Close Process

How can Reconciliation Reports Drive Faster and Better Decisions?

As Controllers increasingly become key innovators in the Year-end Close Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Reconciliation Reports like the Opening Balance Roll Forward Profit & Loss Report template shown below enables them and users from the accounting teams to experience near real time balance checks and reconciliation controls that help drive faster and more accurate decisions.

Who uses Opening Balance Roll Forward Profit & Loss Reports and What are Some Key Analytical Features?

In today’s fast-paced business environment, Controllers are under high pressure to supply end users like accountants and reporting managers with timely and concise Reconciliation Reports. Companies use key features like the ones below to support their users with accurate and efficient year end closes that helps drive more better planning and analysis:

  • Columns for Prior Year Actual, Prior Year Opening Balance (OBA), Prior Year OBA + Current Period Actual, and Current Year OBA
  • Verifies the ending balance of activity for prior year
  • Confirms opening that the balance for the current year is zero

The Opening Balance Roll Forward Profit & Loss Report template can be used as a key element of the Year-end Close process:

Example of an Opening Balance Roll Forward Profit & Loss Report to Streamline the Year-end Close Process

The Opening Balance Roll Forward Profit & Loss Report is a ready-to-use Reconciliation Report from the Solver Marketplace.

A Brief Description of the Opening Balance Roll Forward Profit & Loss Report Template

Reconciliation Reports like the one seen in the image above are interactive and parameter driven and typically contain sections with automated reconciliation with comparative columns. One of the important features that aid the user in the analysis process is the ability to use this report along with an Opening Balance Roll Forward Balance Sheet report to verify the retained earnings. Opening Balance Roll Forward Profit & Loss Reports are often used in conjunction with inter-company reconciliation reports, trial balances, profit & loss variance reports, and balance sheets including roll-forward reports.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools

Example of an Opening Balance Roll Forward Balance Sheet Report to Streamline the Year-end Close Process

How can Reconciliation Reports Drive Faster and Better Decisions?

As Controllers increasingly become key innovators in the Month-end and Year-end Close Processes, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Reconciliation Reports like the Opening Balance Roll Forward Balance Sheet Report template shown below enables them and users from the accounting and FP&A teams to experience near real time balance checks and controls that help drive faster and better closes.

Who uses Opening Balance Roll Forward Balance Sheet Reports and What are Some Key Analytical Features?

In today’s fast-paced business environment, Controllers are under high pressure to supply end users like accountants and reporting managers with timely and concise Reconciliation Reports. Companies use key features like the ones below to support their users with effective analysis that helps drive more accurate data and a quicker close:

  • Columns for Prior Year Actual, Prior Year Opening Balance (OBA), Prior Year OBA + Current Period Actual, and Current Year OBA
  • Calculated column that automatically shows if there is any Difference in Prior Year OBA + Actual balances versus Current Year OBA
  • Grand total that summarizes all potential differences

The Opening Balance Roll Forward Balance Sheet Report template can be used as a key element of the Year-end Close process:

Example of an Opening Balance Roll Forward Balance Sheet Report to Streamline the Year-end Close Process

The Opening Balance Roll Forward Balance Sheet Report is a ready-to-use Reconciliation Report from the Solver Marketplace.

A Brief Description of the Opening Balance Roll Forward Balance Sheet Report Template

Reconciliation Reports like the one seen in the image above are interactive and parameter driven and typically contain sections with. One of the important features that aid the user in the analysis process is to use this template along with an Opening Balance Roll Forward P&L report to verify the retained earnings on the balance sheet. Opening Balance Roll Forward Balance Sheet Reports are often used in conjunction with inter-company reconciliation reports, GL to AR/AP matching reports, trial balances, profit & loss variance reports, balance sheets, and cash flow statements.

Data Integration to Transaction Systems

Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc.

Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand.

Additional Resources to Aid with Research of Templates, CPM and BI Tools