Business budgeting is one area of business that for many organizations have not received the focus and growth it deserves.

Many are so caught up with big ERP implementations or other “more important” project roll-outs that budgeting is still tackled the way it has prehistorically been – Excel with a bit of Microsoft Dynamics NAV help.

If you are a Microsoft NAV user and you are reading this article, chances are you don´t think Excel + Microsoft NAV solution just doesn´t cut it and you are here to find a capable, albeit reasonably priced, alternative.

A Business Budgeting Software Designed for Microsoft Dynamics NAV users

Performance Canvas Financials was built from the ground up to assist Microsoft Dynamics NAV, Microsoft Dynamics AX, and Microsoft Dynamics GP users improve the entire budget process. Performance Canvas Financials integrates seamlessly with Microsoft ERP systems (and many other ERP systems) for that matter.

What this means is that Performance Canvas Financials reads data directly from your ERP system and it allows you to configure the solution so that it makes more sense to your business. Now it is important for you to understand that being able to heavily customize your budgeting solution to fit your business needs does not necessarily mean this budgeting software is heavy on consulting.

There is of course consulting involved for its installation, organizational setup, business rules automation, and other business or account mapping needed but the reality is that consulting for this software is very straight forward due to the way the software is designed – prepackaged finance modules ready to be used once installed and because of the leading best practices this tool uses to help make implementation and usage as easy as possible.

One of the other advantage of Performance Canvas Financials for Microsoft NAV users is that it will allow you to improve enterprise-wide collaboration through simple yet useful team features like how its approval process is handled – you don´t need to send entire sheets for approval or comments because you can choose just certain cells you want checked and lock the rest of the figures to save time and prevent unwanted changes.

Performance Canvas Financials also allows you to do multi-dimensional budgeting that will allow you to analyze your data in various ways so that analysis is not only linear.

Common Questions on Budgeting from Microsoft Dynamics NAV users

Can we create budgets and plans below GL level?

Yes, Performance Canvas Financials will allow you to budget and forecast above and below GL level. You can calculate, set margins, do business driver budgeting, what if analysis, assumption testing, and more.

Read Also:  The Horror of Excel Spreadsheet Account Reconciliations

Does Performance Canvas Financials have role-based security?

Yes, Performance Canvas Financials boosts protection of confidentiality and privacy of data within the organization through its role-based setup. This means your access to the data depends on what you are allowed to see and edit.

The administrator even gets to see exactly how your view as a user looks like and it gives him an overview of who is currently working on what or what is currently being worked on and when deadlines are.

Is Performance Canvas Financials extendible?

Yes, Performance Canvas Financials have add-on modules like Sales module, HR module, AR/AP module, Profitability Analysis module, and project modules that you can later on add or extend to once you feel this is necessary.

This is one good thing about Performance Canvas Financials – you can do a gradual or phased approach when implementing this new business budgeting technology.


Can we still use formulas or tricks we learned while using Excel for budgeting?

Yes, Performance Canvas Financials has web, mobile, and Excel interface. In all of these, the Excel functionalities are not turned off which means you can still use all the tricks you learned when using Excel such as adding formula for example. Excel basically just works as a front end but all the data is stored in the server. What that means is that you can enjoy all the benefits of Excel without having to worry about the problems associated when using Excel spreadsheets for budgeting.

Free trial for 30 days for Microsoft Dynamics NAV, AX, GP users

If you are looking for a way to improve your business budgeting and you want a solution that’s seamlessly integrates with Microsoft NAV, AX or GP, try out Performance Canvas Financials.

All Microsoft ERP users get a limited free 30-day trial of the solution. Visit www.performancecanvas.com or email info@dspanel.com to see a demo and request a free trial.

 

 

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About DSPanel
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.

 

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