How to Do a Budget Variance Analysis in 30 Minutes
Budgets can be difficult. While properly analyzing trends and patterns in your financial history and projections is an essential part of budgeting and forecasting, it requires long hours of tedious work if done manually. In fact, many businesses hire FP & A personnel specifically to perform tasks related to variance and analysis. Whether you’re a small business or an established corporation, you know that few things require more attention and analysis than your budget. So man
Streamline the Planning Process with Budgeting and Forecasting for Sage Intacct
f you have surveyed an audience of mid-market accounting and finance professionals, you almost always find that 90-95% primarily rely on manual budget models in Excel. How is this possible when most enterprise resource planning (ERP) systems, including Sage Intacct, have both basic native ERP budget functionalities? In some cases, they also have specialized add-on modules. For example, the Microsoft Dynamics on-premise ERPs had the now “retired” Forecaster product and for Sag
Financial Reporting in Power BI or in a CPM Solution?
If you have ever tried to build and maintain financial reports inside a visualization tool, the answer should be simple. Power BI works well for dashboards, but modern cloud-based corporate performance management (CPM) solutions are the best option for your financial reports. BI vs. CPM Let’s elaborate. Power BI belongs to a category typically referred to as Business Intelligence (BI) tools. While purpose-built, financial reporting and consolidation tools belong to a category
