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The Case for Budgeting Software

Did you know that 89% of organizations use spreadsheets as a primary part of their budgeting and financial planning process? That’s most likely why, according to recent research, 46% of CFOs admit that they rely on “gut feel” to make important decisions due to a lack of hard facts and fast access to important information.
Using manual processes and spreadsheets to track financial information is easy; everyone knows how to use it, it’s inexpensive, and requires little training. But how much time are you spending updating information and pulling budgets together instead of applying it to your business? What about the risk for error?
If you’re using spreadsheets as a financial planning tool, there is significant chance for incredibly costly mistakes and it’s putting a severe limit on the productivity of your team and the growth of the company.
In order to create effective budgets and forecasts, you must be able to pull up real-time data and run new reports and scenarios based on changes in business operations, market volatility, and emerging data. You simply cannot do that with a static, spreadsheet-based system.
Fortunately, advanced solutions are available to help business leaders automate the budgeting process, consolidate information, and take control of financial planning so you can build budgets and forecasts faster while still having confidence in your projections.

Benefits

Organizations who implement specialized budgeting software to see significant improvements in performance metrics that lead to greater budgeting accuracy and efficiencies. Additional benefits include:
Budgeting & Forecasting Resource Center
  • Fewer financial surprises.
  • Increase security of sensitive data.
  • Faster time to decision based on hard facts.
  • More accurate budgeting and forecasting.
  • Better align strategies and priorities.
  • Consistently hitting financial targets.
  • The ability to adjust to rapid changes.
  • Improved collaboration and communication.
  • Much more.

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ERP Compatibility Comparison

SOLUTION
SAGE 100 ERP
SAGE 500 ERP
SAGE ERP X3
EPICOR ERP
Sage Budgeting & Planning
Epicor Financial Planner by DSPanel
BI360 by Solver
True Sky
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