In 2016, Dynamics GP and AX saw huge changes as it continued to improve its offerings. This, in turn, led to Microsoft pulling out support on Forecaster – a budgeting and planning solution.
In May of 2016, Microsoft also officially announced plans to discontinue further developments on Management reporter for GP and SL.
Discontinuance of support and further developments for these two solutions mean no bug fixes, no updates, no new features, and limited protection against the threats of cybersecurity attacks.
With Microsoft’s introduction of these changes, many customers continue to struggle to find an alternative solution.
For starters, Performance Canvas reporting, budgeting, planning, and consolidation solution integrates with Dynamics GP, NAV, and AX. Performance Canvas can be deployed as an on-premise or cloud solution.
Second, the modeling capability of Performance Canvas is far more superior to that of Forecaster. Forecaster was a good tool but it was more for a prescriptive model – meaning less adaptable which translates to struggles in implementation.
Third, forecaster was not unified with reporting. It offered only forecast/budget which means pre-populating sheets and doing unified reports requires manual work. Performance Canvas on the other hand offers a complete report automation piece along with its budgeting, planning, forecasting, and consolidation capabilities.
Here are a few of the included features of Performance Canvas:
- Reporting, budgeting, planning, forecasting
- Full featured Consolidations modules with multi GAAP, IFRS, intercompany automation, intercompany matching, currency automation, minority interest, support of complex ownership and currency simulation
- CAPEX planning, Cash flow planning
- FX Analysis, Profit Analysis, AR/AP Analysis
- Dashboards, analytics, metrics, and KPIs
DSPanel offers cutting edge technology platform for business analytics, planning, and visualization. DSPanel designs, builds, and operates with the end users in mind. Performance Canvas was created by DSPanel to answer the unarticulated needs of the market not addressed by previous available solutions. With Performance Canvas, information is transformed into valuable business insights for the business executives to utilize in their decision-making process. DSPanel currently has over 2500 organizations deploying their solutions.