This year is coming to a close, and for many of us, that means it’s budgeting season. If you dread this time of year and the pressures of budget changes and new demands, you are not alone. Most companies — about 90% of businesses with 50 to 200 employees — still use Excel for their budgeting and planning, although they continue to report major pitfalls with time-consuming processes and reporting delays.
Without a solid foundation to build your 2023 budget, you risk missing opportunities and losing revenue. The good news is there are better alternatives for your budgeting and planning that won’t have you working long nights and weekends.
Putting an end to wasted time and spreadsheet madness is key to the success of your growing business. If you’re struggling to use Excel for your budgeting, it’s time to move beyond spreadsheets and invest in something better.
Let’s take a closer look at the features of Sage Intacct Budgeting and Planning, a powerful yet easy-to-use financial solution.
Your budget is constantly in flux, needing updates and revisions as the year continues. With the growing need for changes and mid-year adjustments, it’s critical that you have access to a single, up-to-date system.
Version control is a common issue with Excel Spreadsheets and one riddled with manual errors and discrepancies that keep you from focusing on your business goals. With Sage Intacct, you don’t have to worry about users updating the wrong spreadsheet or sending out an outdated report.
By eliminating spreadsheet errors and having the convenience of real-time reports in a single financial source, you’ll regain confidence and ensure your numbers accurately reflect your budgets.
Your business needs the clarity and insight for multi-level planning and budgeting. Strategic planning becomes a complex and tedious process when there are numerous spreadsheets, multiple sets of numbers, and several documents to sift through.
Sage Intacct helps you easily collaborate and plan across departments in real time. Eliminate the need to consolidate multiple-entity data and get a simple view of your budgets to prepare for the big picture. Seamless collaboration ensures transparency, improves communication, and keeps your business on track.
Save time and say goodbye to all-nighters. With the powerful automation that Sage Intacct brings your business, you’ll simplify the budgeting process and save hours. In fact, it reduces the time you’ll spend on budgeting and forecasting by 50%.
With the time saved from the planning process, you can refocus on more valuable work. With additional what-if scenario modeling and forecasting capabilities, start preparing your business for growth in 2023.
This is the year to take control of your business accounting. Spreadsheets lead to too many errors, which reduce confidence and result in misguided decisions. By knowing exactly how and where you’re spending your money, you’ll make smarter, more informed decisions.
Contact Trusted CFO Solutions to learn more about budgeting with Sage Intacct and improve the financial health of your business.
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