Budgeting season is around the corner and for most financial professionals it is a time consuming process filled with headaches. Controllers, CFOs and accountants prepare for time constraints, inaccuracy of data, high internal costs and cumbersome tools. If you are facing headaches and fear the budgeting season, you are not alone. Here are a few statistics on the budgeting process from Ventana Research:
• Finance departments spend 26% of their time on budgeting and planning processes
• CFOs spend 22% of their time on budgeting, planning, periodic review and related processes
• 33% of CFOs rated their budgets as somewhat accurate
• 64% of companies use spreadsheets as a budgeting tool
With hundreds of budgeting tools in the marketplace, what is the right option for your company? If you are a Microsoft Dynamics GP, SL or AX user the ease of use in Microsoft Forecaster or BI360, by Solver, provide budgeting functionality with integration benefits and an out-of-the-box report writer. Forecaster is a budgeting and financial planning tool that provides benefits including:
• Quickly established base line templates to get relevant data to the appropriate user
• Reduced audit time to allow more time for analyzing data
• More relevance with accurate data driving decisions and monitoring effectiveness
Solver's BI360 tool is a Microsoft Excel-based suite or module solution for reporting, budgeting, dashboards and data warehouse. BI360 provides customers with:
• Financial (GL) and Operational Reporting (AR, AP, Sales...)
• Presentation Quality Formatting including logos, charts, conditional formatting and more
• Drill-down to transaction detail with Lists and Pivot tables
• Automated report scheduling and distribution
• Integrated Budgeting, Planning, Forecasting and Modeling
• Pre-configured Data Warehouse to integrate data from multiple locations
• Web-based graphical Dashboards for instant insight
Interested in learning more? Watch a 1-hour Budgeting Solutions Webinar here, check out a video of Solver's BI360 solution here, or contact SBS Group at info@sbsgroupusa.com or 732.476.5909![]( "Call: 732.476.5909") .
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