Insight Budgeting has drastically improved our budgeting process. Accuracy and turnaround time are significantly improved, and the automated workflow features reduce follow-up time.
Yenny Gunadi | Controller Monrovia (California)
Budget Automation
The single biggest drain on time and resources during a budget cycle is the logistics and coordination in orchestrating the process. The key to a faster budgeting process is workflow automation. Spreadsheets offer immense flexibility but also create a lack of control. Spreadsheet proliferation increases inconsistencies, from entry to upload (and everywhere in between).
Insight Budgeting™ helps reduce this "spreadsheet madness" by providing a definable, auditable framework for the budget process in a collaborative environment.
Robust Intelligence
Budgeting and forecasting is a combination of historical performance with key drivers to achieve and document business goals. From simple scenarios to complex modeling, Insight Budgeting™ adds intelligence and control to the entire process. Whether annual budgets with pre-populated forms for users to easily update or multiple "what if" scenarios and modeling Insight Budgeting™ meets the challenge.
User Managed
Technology should streamline and improve the budget process, not get in the way. Insight Budgeting™ lets budget stakeholders define, manage and maintain the solution. This includes:
- Budget form layout and content
- Identification and rules for participants
- Management of the budget cycles
- Determine how results are loaded into JD Edwards
Little or no training required so budget contributors can focus on the business, not on the technology.
Live and Direct
Insight Budgeting's™ direct connection to JDE means budgeting contributors and management have a complete and accurate picture of the business. This enables incorporation of real-time actual amounts (with drill down to transactions) side-by-side with budgets in a traditional business reporting style.
Visibility - From Start to Finish
Insight Budgeting™ understands that inputted amounts are "real data" and allows users to report and analyze it just as they would the actual information. Users can slice, dice, compare and consolidate. Comments on budgets mean that users are able to explain and document assumptions and decisions throughout the entire process. And it only takes a couple clicks to upload the budgets and forecasts to JD Edwards. Even after the budgets are finished, it continues to support the business with options like top-level adjustments.
Workflow that Works
The budget process moves along smoothly with features like opening/closing cycles, monitoring the status of budget inputs and users, and automating the generation of budgeting related messages.
Collaboration without Complication
Insight Budgeting™ creates a collaborative environment where administrators can adjust budget input requirements and contributors can see changes instantly. Shared forms honor JD Edwards security and have additional control options help eliminate versions and protect read-only data. This means that all budgets are captured and maintained in a single location that can be reported on instantly and uploaded to the ERP in a single click.
Clutter-Free Budgeting
Budgeting administrators know exactly what their contributors need to see (and not see) in order to successfully define their budgets. Insight Budgeting™ simplifies the budgeting experience with a robust set of formatting features, calculations and even charts and graphs.
