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Budgeting for Business Central When Spreadsheets are No Longer Enough
In the fast-paced business environment, efficient financial management is crucial for a company's success. Traditionally, many organizations have relied on spreadsheets for budgeting and financial planning. However, as businesses grow and financial operations become more complex, spreadsheets often fall short in meeting the demands of modern financial management. Finance teams spend too much time compiling massive spreadsheets, correcting formula errors, overcoming version control issues, and compensating for missed deadlines.
BudgetFYI, FYIsoft's cloud budgeting software for Dynamics 365 Business Central (or any other Dynamics-based ERP) eliminates these time-wasting activities. Together with ReportFYI, our financial reporting for Business Central software, this dynamic duo is an easy integration with Business Central and is ready to transform your budgeting process with many time-saving benefits.
BudgetFYI + ReportFYI: Time-Saving Features in Our Budgeting for Business Central
- Automated data exchange between actual and budgeting data eliminates the need to manually export/import financial data.
- Row, column, tree report components are mirrored so there is no need to recreate all your report definitions, accounts, organization structures, and consolidated rollups in budgeting.
- Pre-populated starting templates for all your budgets based on actual data, prior year budgets, or any combination you choose.
- Powerful workflow management tools that empower budget owners throughout your company to participate, while giving you centralized control and visibility over budgets and deadlines.
- Automated one-click publishing of approved budgets back to ReportFYI.
Is BudgetFYI a Good Fit for Your Company?
BudgetFYI complements our ReportFYI financial reporting software and is ideally suited for finance teams with:
- A decentralized budget process, where many budget owners throughout the company are outside of finance.
- A need to easily forecast throughout the year, and adapt budgets for changing business goals or market conditions.
- A desire to to eliminate spreadsheet chaos and the time that finance spends chasing down files and correcting errors.
- A goal to continually move toward greater automation and efficiency through the entire reporting and planning process, while avoiding complexity.
“It's obvious that a lot of thought went into the design of BudgetFYI. It's fresh and modern, easy to use, very capable, and the workflow management is solid. This is what midmarket companies are looking for in a budgeting product.”
Craig Schiff, President, BPM Partners, a leading independent and vendor-neutral performance management advisory services firm.
Request a Demo
Download the infographic below and learn more about the time-saving benefits that Dynamics customers can gain from the dynamic duo of ReportFYI and BudgetFYI. When you're ready to take a personalized tour of our software, schedule a demo.
Article by FYIsoft, Inc.
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