Excel spreadsheets are a thing of the past and can hold your organization back much more than you think. According to Forbes, “Nearly 9 out of 10 spreadsheets (88%) contain errors, a majority of those being human error”. Calculation errors, misplaced data, format issues, and multiple spreadsheet versions are all possibilities when working in Excel, and they can make sharing, analyzing, and collecting data complicated and confusing. When looking at your organizational needs and goals, it may be time to throw those excel spreadsheets away and look for different alternatives. The Sage Intacct Budgeting and Planning tool is a cloud-based budgeting and planning software that can work by itself, or easily integrate into your current Sage Intacct system. This is meant to be a complete solution for budgeting and planning, and easy for collaboration, while still creating a secure environment for financial data. Below we outline the three key features of the Sage Intacct Budgeting and Planning software so your organization can finally see why it is time to throw those excel spreadsheets away.
Collaborate Throughout the Entire Organization with Sage Intacct Budgeting and Planning Software
Sage Intacct Budgeting and Planning software makes it simple to collaborate throughout the whole organization. This cloud-based budgeting and planning tool allows you to easily share financial data throughout multiple departments with the click of a button. Easily invite department heads to build, edit or view their budgets quickly and seamlessly. Create and present budget plans and be able to save and view multiple scenarios to ensure you are making the best decision for your organization. Working together in one online space can eliminate mistakes and make sure that everyone involved is on the same page.
Easily Create and Analyze Financial Data
One of the biggest benefits when working in Sage Intacct Budgeting and Planning software is the ability to easily model calculations. This can include data such as projected cash flow, sales, revenue recognition options, or headcount expense. This software utilizes spreadsheet-based formulas without the difficulty of Vlookups or complex Excel formulas. Sage Intacct Budgeting and Planning has intuitive navigation and an easy-to-use interface so you can easily create reports, scenarios and multiple budget options.
Create Forecasts to Help Reach Organizational Goals
The ability to see future predictions based on the financial data your organization has now is something that could make or break your business plan. Sage Intacct cloud-based budgeting and planning software allows you to adjust budget scenarios based on certain financial drivers. In turn, this allows you to see how these could affect your budget in the future. Scenarios can be merged into the budget once the assumptions have been finalized. Sage Intacct also has a feature that can pull actual financials from Sage Intacct’s General Ledger module which will generate forecasts to allow business leaders to make informed decisions about their budget.
When using spreadsheets to plan your finances, you risk mistakes that could be harmful to your organization. Sage Intacct Budgeting and Planning can be a small change that largely impacts your organization with better reporting, collaboration projections and more in less time.
CompuData is a proud partner of Sage Intacct and has helped our clients implement Sage products for over 30 years. To learn more about our Sage Intacct expertise and how we can help your organization grow visit here.