Improve Your Budgeting Process while Avoiding Excel Pitfalls

Transcription

1 Improve Your Budgeting Process while Avoiding Excel Pitfalls

2 Vocabulary Lesson Common Myths of Budgeting Defining the Problem Budgeting Agenda Current Challenges Available Solutions Client Spotlight Alex from UniRush Best Practices Mobile and Alerts

3 Columbus, OH May 5 th Introduction of Presenters Terry Ginley, CPA Director of Analytics and Cloud Services

4 Socius View of Analytics and CPM Analytics & CPM more than reporting Forward looking vs. looking in the rear view mirror Learning Organization mindset Actionable data proactive not reactive thinking Rich and rapid self-service Mobile right time, right place

5 The Car Wash

6 Vocabulary Term Planning Budgeting Forecasting CPM BPM FP&A ERP ETL BP&F Definition The process of setting goals Laying out a plan of where the entity wants to go Indicates where the entity is actually heading Corporate Performance Management Business Performance Management Financial Planning and Analysis Enterprise Resource Planning Extract, Transform, Load Budgeting, Planning and Forecasting

7 Common Myths of Budgeting People love the budgeting process Excel will support a workbook with 155 Tabs Users Never Insert Rows / Columns Lengthy threads are an effective workflow process Legacy Budgeting applications are simple to use

8 Define the Problem Consolidating Multiple Excel workbooks Who / What / Why was a change made? Stand Alone Excel wont get you to the details Separation of Church and State Ownership of Business Units Real time analysis while building the budget The Numbers don t speak for themselves

9 Moving From Tactical to Strategic Accountant Transaction Management Data Driven Performance Management & Analysis Change Agent Strategic, Data-Driven Decision Making Tactical Strategic Process Inefficient Efficient People Not Aligned Aligned Data Silos of Data Holistic Data

10 Available Solutions for Dynamics GP Budgeting in Dynamics GP Microsoft Forecaster for Dynamics GP Adaptive Insights BI360 defacto Global

11 Solution GP Cost None included with Dynamics GP Location Inside GP Users Creators: Financial team Consumers: Financial and Executive teams Multiple budgets can be stored Easy to import and export Accessible with standard reporting tools Management Reporter Analysis Cubes for Excel Small learning curve

12 Solution GP

13 Solution GP Budget exists in GP Now What? Easily import and export to Excel Quick access with GP Inquiry Windows Management Reporter Budget name needs to be selected on columns Analysis Cubes 1 budget and 1 forecast allowed at a time, per year

14 Solution Microsoft Forecaster for Dynamics GP Cost Included with GP Extended Pack, can be purchased as well Location Stand Alone application prebuilt interface to GP Users Creators: Financial team Consumers: Financial and Executive teams An Application specifically designed for budgeting Collaboration Version Control Audit trail of changes Revenue and Expense Modeling Human Resource Planning Multi-Currency Capability Reporting with conditional reporting and drill back Short Implementation Cycle

15 Microsoft Forecaster for Dynamics GP

16 Late Breaking News.. Forecaster Current users can continue to utilize Forecaster With versions of Dynamics GP less than GP 2016 Forecaster can be purchased through Forecaster will be supported with Current GP versions lifecycles If you own Forecaster today your enhancement will be reduced after 5/1/2017 if purchased via Business Ready Licensing (BRL)

17 Solution Adaptive Insights 100% Cloud Purpose Built for Budgeting and Planning Streamlined end to end Corporate Performance Management Financial reporting, Budgets, Forecasting, Consolidations, Multi Currency One Version of the Truth Integration with multiple source systems Alignment of finance, executive teams, sales, operations, marketing, etc. Data driven decision making culture organization wide Make scenario modeling and what-if analysis really easy Increase collaboration with Integrated Dashboards

18 Solution Adaptive Insights

19 Client Highlight UniRush, LLC Alex Holtel, Financial Analyst

20 Solution BI360 from Solver Complete Suite Reporting, Budgeting, and Dashboard modules along with a pre-configured Data Warehouse. BI360 s modern technology allows for dynamic rows, columns and cell control. Live Reporting directly from your ERP database Live from General Ledger and Sub-Ledger. This enables drilling into transactional level detail (AP, AR, etc.) right in the report. Ad-hoc reporting; On-Demand and Auto-Scheduled report distribution Excel and Web-Based Reporting, Budgeting and Forecasting Secure, streamlined, collaboration, workflow, audit trail; modeling and what-if analysis Fully integrated Dashboards Web-based for anytime, anywhere access built with drag and drop design for business users and run real-time on the ERP or on the BI360 data warehouse with drill-down Pre-configured Data Warehouse Combine multiple data sources into one place, for complete Enterprise level reporting. Multi-company, multi-currency consolidations, eliminations Set up in days to dramatically reduce time/cost/risk to implement

21 Solution defacto Budgeting, Forecasting, Consolidation, Analysis, Reporting and Predictive Analytics in a Single, Unified Product Data entry, reporting and analysis all in Excel Partnership with Microsoft to Co-develop Advanced Cortana Analyticsbased Predictive Forecasting Applications for EPG Customers Pre-Built Connectors for Popular ERP and CRM Systems Including All Dynamics Offerings Built-in Data Warehouse Uses SQLS s Relational and Cube Technology for Maximum Performance

22 John DeHaven, CPA

23 CPM > Stand Alone Excel Demo! Hierarchies Work Flows Reforecasting Spread Methods Comments / Annotations Capital Expenditures Drill down to detail HR/ Revenue Modeling Audit Trails Security

24 2016 Resolutions Don t forget the Budget You can Change the Budget Work Smarter, Not Harder. FORECAST all year! Re-evaluate the numbers during the year Budget factors change during the year Better AGILITY to plan for the what-ifs SELF-SERVICE Reporting Give the people what they want

25 Forecasting All Year Unlimited versions Easily import actuals for variance and rolling forecasts Roll forwards KPIs Headcount 64% Of annual targets are obsolete in 4-6 months

26 Mobile Access and Alerts

27 Questions?

28 Decision Making Business Intelligence ERP CPM Solution Real Time Future