Budgeting and planning is either a necessary evil or an exciting asset depending on who you ask. If you fall into the first category, your accounting software is the likely culprit. Outdated and under-powered software makes budgeting and planning a lot harder than it needs to be. Even worse, it strips away the strategic potential of both.
Sage Intacct is a next-generation financial management solution that handles all aspects of accounting, but it really excels at budgeting and planning. By combining smart technologies, intuitive interfaces, and tools designed by accountants, Sage Intacct transforms budgeting and planning from a requirement into a resource. If you’re ready to drive growth through smart finance, these are some of the ways Sage Intacct can help:
By Eliminating Excel
Excel is a worthwhile tool, but only if you’re willing to make endless manual inputs. Managing the information inside spreadsheets takes a huge investment of labor, time, and focus just to deliver an uncertain and underwhelming product. Sage Intacct automates much of this effort to give you budgets and plans in less time and with less uncertainty.
By Extending Understanding
Budgeting and planning models can be so esoteric they are incomprehensible. They encompass so much data and incorporate so much theoretical forecasting that only a few accountants really understand what is going on. Sage Intacct allows users to define models and consistently model data so that the insights/implications contained within are accessible to all.
By Reducing Errors
A single error can invalidate an entire budget or plan, yet these errors are almost inevitable when information is manually entered into spreadsheets. Sage Intacct automatically compiles data and runs complex calculations to eliminate errors. That way, decision-makers can trust that they are acting on good information.
By Improving Access
Having access to budgets and plans improves financial decision making at all levels. The only problems is that sending spreadsheets through email is inefficient and insecure. Sage Intacct integrates all this information onto a single, cloud-based platform. It also allows for careful governance so that companies can extend access without compromising security.
By Aligning Efforts
Budgets and plans are dynamic documents that evolve frequently. Unless those changes are shared with everyone, one group could be working off outdated documents that contain incorrect information. Sage Intacct creates a single-source-of-truth that users can reference at any time to find the most accurate and current information available. Essentially, it keeps everyone on the same page.
Sage Intacct is not a budget and planning solution. Rather, it’s a 360-degree accounting solution that empowers accountants and non-accountants alike to leverage finance to the fullest. It offers an expansive toolkit, including specific ones for budgeting and planning. Plus, it integrates your data, employees, departments, and projects so that everyone is working towards a common agenda. Growth can’t help but flourish under conditions like that. Contact InCloud360 before your next budget cycle.