You might think you have read everything you might ever need to know about budgeting and forecasting. We have blogged about how important it is to shop around and do your research to find the easiest to use, most intuitive and collaborative planning software. We have discussed
Firstly, it is important to note that there are several independent software vendor (ISV) solutions that can streamline and smarten your planning processes. Microsoft Dynamics NAV is a powerful tool, and Microsoft Excel is nearly ubiquitous around the globe, but neither can serve as solutions for every company’s specific business needs. Excel can be tedious as a method to budget and forecast for any organization of a healthy size without acceleration via an ISV tool. In regard to Dynamics NAV, the ERP has a budgeting input built in, but it is also not that easy to use for business end users to utilize, without the familiarity of Excel formatting, and lengthy process of creating a less than dynamic or accessible organization-wide budget or forecast. Third party products are generally direct responses to customer requests to help them overcome common business problems in the planning process.
Dynamic and easy-to-use have been signature characteristics for ISV solutions, but today’s premier tools also focus on powerful budgeting, forecasting, and modelling capabilities. Templates you can reuse,
To continue learning more about web budgeting for your Microsoft Dynamics NAV experience, read the rest of this article
by Solver, Inc.