Not all budgeting solutions are created equal – some are substantially better than others. This statement is as bold as it is true.
Now you might ask – how do you define the best budgeting software?
At the risk of oversimplifying, the best budgeting software is a software that resolves your pains and allows you to be more effective at what you do. What that entails can differ from one business to another. However, certain items make some budgeting solutions superior to their competitors.
Top of that list of what makes software superior is a budgeting solution´s ability to integrate with your current ERP system. What this means is that the budgeting software of your choice must be able to read data directly from your ERP system as it makes things simpler.
There is absolutely no point in adopting new technology that will serve as just another addition to the long list of systems you have running that does not talk to each other.
As hinted in the title of this article, Performance Canvas Financials is a cloud-based budgeting and planning solution that has native integration to dynamics 365 for finance and operations and Microsoft AX, Dynamics 365 Business Central and Dynamics NAV, and Dynamics GP. It can read data directly from your dynamics system whether deployed in the cloud or on premises making the flow of information across systems flawless.
To be very clear- this is add-on software to your current dynamics system to help you streamline and automate financial reporting and analysis, financial budgeting and planning, and financial consolidation.
It is worth mentioning that many solutions claim to have native integration with dynamics, but when it comes down to it, some businesses realize the flow of information is not as seamless as they had hoped.
With Performance Canvas Financials, this platform uses Microsoft technology from the get-go. It uses both web and Microsoft Excel on its front end, but all formula and business logic are stored in Microsoft SQL server to give it its unparalleled performance.
Naturally, this technology was built from the ground up to service Dynamics ERP users which explains why its integration is frictionless. The company behind this FP&A product is also a trusted long-term partner of Microsoft highlighting its commitment to service Microsoft users.
If you want to know more about the differences between what is included in terms of budgeting and reporting in Performance Canvas Financials versus that which are already included in your ERP system, see an actual online demo of Performance Canvas Financials for free or try out its free 30-day trial with your OWN financial data so you can witness for yourself the huge differences.
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