Raleigh CFO Forum 2017 Budgeting Software Review

Budget ManagementSolutions Comparison

Presented By

Philip D. Massey, CPASeptember 2017

2 www.masseyconsulting.netwww.masseyconsulting.net

Massey Consulting, Inc.

• Founded in 2002

• Comprised of CPAs and Accountants

• Numerous Technical Certifications

• Intacct PREMIER Partner

• Intacct Presidents Club 2014, 2015, 2017

• Microsoft Gold Partner – Dynamics GP

• Ranked in Top 300 Small Business in SE USA

• Contributors to NCACPA Blog and others


Philip D. Massey, CPA

• “Founded” in 1970

• B.S. - Accounting

• CPA License holder in NC since 1994

• Intacct Certified

• Microsoft Dynamics GP Certified

• Microsoft SQL Certified

• Guest Speaker at Intacct events

• Blogs for NCACPA


Massey Consulting, Inc.

For full disclosure, we are partners with some of the firms and resell some of the products that we will talk about today.


Agenda for today

• Won’t spreadsheets work?

• Third-Party vs Built-In?

• Position the available systems

• Focus on three leading systems

• Independent Reviews

• Wrap Up

Patrick Co


Why Won’t Spreadsheets Work?

Patrick Co


Excel Issues that are Immediately Replaced

• Manual replication of templates

• Manual Manipulation for alternative reporting

• Manual aggregation and real-time results

• Manual distribution and control

• Manual reconciliation and validation

• Security

• Confidence and “One version of the truth”


Benefits of a Performance Mgmt Solution

• Participation and Frequency

• Accountability and Auditability

• Flexibility

• Versions/Scenarios

• System Integration

• Web Deployment

• Time Savings (Opportunity Costs)

• Control


Third-Party vsBuilt-In?

Patrick Co


Built-In vs Third-Party


Built-In vs Third-Party

• How often will you revise or adjust your budget? Annually, Quarterly, More?

• Do you want to include others collaboratively in the budget process?

• Are you in need of greater reporting capabilities?

• Are you finding that you (or your team) make mistakes using Excel sheets for budgeting?

• Do you need budget approvals documented?


What solutions are in the market?

Patrick Co


There are lots of “CPM” vendors…

Patrick Co

Anaplan

Host Analytics

Prophix Adaptive Insights

Budget Maestro

Tagetik

Hyperion


Let’s focus on three common solutions…

Patrick Co


Budget Maestro (by Centage)

• Founded in 2001

• 2,500+ Customers

• Headquartered in Natick, MA

• Typically on-premise; Recent cloud product

• SME companies between $10 million and $500 million in revenue

• Integrated with GP, SysPro, Sage, QuickBooks and Intacct (Started with Dynamics GP)


Budget Maestro (by Centage)

Budget Maestro by Centage offers financial institutes a comprehensive accounting solution with budgeting, forecasting, consolidation and reporting capabilities. Budget Maestro is suitable for a host of industries, including manufacturing, healthcare, wholesale/distribution, retail, business services and nonprofits.

Budget Maestro provides a centralized database so that any changes or additions to a company's data are updated automatically. The calculation engine ensures that all calculations are not only mathematically correct but follow sound accounting principles.


Host Analytics

• Founded in 2001

• Headquartered in Redwood City, CA

• Fully cloud-based application

• Also referred to as Enterprise Performance Management


Host Analytics

Host Analytics supports budgeting, planning, forecasting, dashboards, modeling, analysis, and collaboration. The modeling module supports various use cases, such as revenue, sales, and long-range planning. Host Analytics' technology partners include Microsoft, Qlik, Dell Boomi (for data integrations) and Box (for data load functionality).

Host Analytics offers advanced modeling functionality which allows users to create what-if scenarios for complex requirements.


Host Analytics


Host Analytics


Adaptive Insights

• Founded in 2003

• 3,300+ Customers

• Headquartered in Palo Alto, CA

• Fully cloud-based application

• OfficeConnect is a difference maker!

• Integrated with GP, AX, NetSuite, Sage, Salesforce and Intacct


Adaptive Insights

Adaptive Insights provides solutions for budgeting, forecasting, dashboards, modeling, performance reporting, analysis, and collaboration. Offerings include integration (Adaptive Integration), Microsoft Office connection (Adaptive OfficeConnect) and revenue planning (Adaptive Revenue Solution). It had an OEM relationship with NetSuite.

Adaptive Insights is geared more toward medium-size organizations. Adaptive Insights focuses on using visualizations and graphics to help its users interpret and understand information.


Adaptive Insights


Adaptive Insights


Adaptive OfficeConnect – The difference maker!


Bonus Solution!

Patrick Co


IndependentReviews

Patrick Co


Websites for further review and comparison

G2Crowd

g2crowd.com


Websites for further review and comparison

TrustRadius

trustradius.com


Professional Comparisons

Gartner Report


Professional Comparisons Forrester


Question & Answer


Contact Info

[email protected]

www.masseyconsulting.net

(919) 508-6062


Date post:	28-Jan-2018
Category:	Business
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