The Benefits of Integrated Financials with Budgeting and Planning
Similar to how a refrigerator of healthy food provides an environment for weight loss success, integrated budgeting and planning provides an environment for finance to be successful by providing the following:
- Saves time and eliminates the drudgery of compiling and validating data
Compiling and validating data is done by the system—no consolidating data from multiple sources, no copying and pasting, and no fixing broken formulas. The elimination of manual spreadsheet work can save days of effort.
- Provides more time for scenario planning
The time saved from manually manipulating data enables you to shift from operational work to strategic analysis. You have more time to do more important work such as understanding what caused variances or performing scenario and “what-if” analysis to guide decision-making.
- Enables dynamic planning with real-time data
When budgeting and planning are integrated with your financials, you no longer need to wait for the data. With a couple of clicks, data can be refreshed. Business leaders get immediate visibility. Forecasts and scenarios can be updated and analyzed on the fly in meetings. So, your important decisions are made as needed based on current information.
Sage Intacct Budgeting and Planning is integrated with Sage Intacct core financials, allowing users to create budgets using Sage Intacct account and dimension structures as well as actuals data. Budget data can be exported back to Sage Intacct core financials for additional forecasting and variance analysis. This bi-directional data flow eliminates the need to manually compile and validate data. This means your data is both current and accurate, creating the environment you need for success. With Sage Intacct, you spend more time on analysis, modeling, and scenario planning to give you more confidence in decision-making.
If you’d like to learn more, check out the Sage Intacct Budgeting and Planning Product Tour. If you’re already a Sage Intacct customer, you can connect with Express and we would be happy to assist you with pricing!