The GP Budget Wizard is an easy-to-use out-of-the-box budgeting tool that integrates seamlessly with Microsoft Excel, but is it really providing enough ROI for your team to keep using it?
Let's review the pros and cons:
Pro: Free. The wizard comes standard in any Dynamics GP software purchase
Con: Free is not always better. When budgets start to become cumbersome with multiple templates and numerous managers entering data, the budget wizard provides a nonexistent ROI (considering your time to be a valuable investment). There are a number of tools and solutions in the Dynamics community that will provide levels of automated functionality. You just need to find a balance between the price tag and the level of automation that your company needs.
Pro: It can help create budget templates
Con: Unfortunately for most, budget templates are often not standard across departments. Managers use different metrics for KPIs. As the variation in templates increase, so do time and effort put in by the accounting team.
Pro: Seamlessly integrates with excel
Con: *Only if the data is molded to fit the GP Wizard import template. This process becomes more cumbersome as your templates, data, and managers increase in size and complexity. This opens the door to copying and pasting from template to template, linking workbooks, and increased hours spent reconciling.
To summarize, the budget wizard is easy to use, but quite frankly most of the time it is just too simple.
If this type of simplicity fits your process, then keep on with the Wizard. However, if you need something more to streamline your process and start saving time, you may want to consider Full Circle Budget.
If any of the needs below resonate with your process and cannot be handled by the Wizard, please give us a call:
Save Budget comments and supporting line item details
Automate formatting of budget data templates
Full audit trail of budgets
About Full Circle Budget
Full Circle Budget is an Excel add-in that processes budgets directly from Excel into Microsoft Dynamics
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.