Our News

April 2016

Top 5 features for budgeting and planning platforms


Paraphrasing Shakespeare, when it comes to budgeting and planning, the question that finance persons most often ask is “to Excel or not to Excel?” Still, our recent experience on the field has brought to surface another heated debate - on-premise or cloud solution?

Shifting the conversation from whether or not it is time to implement a budgeting platform to the appropriate delivery route proves the strong willingness of the finance department to streamlines business processes.

To get the discussion further, someone would ask - what are the top 5 most useful feature for budgeting and planning suite?

  1. Predefined Workflow – the ideal platform should allow you to configure budget process and set up areas for responsibility, and also be organization-based so you can configure validation rules. Moreover, you should be able to monitor the progress of your budget cycle.
  2. Easy Role-based menu – chose a software that has no excel sheet folder navigation, contains full role based menu so that you see only what is relevant to the person´s line of work, and a tool that can allow you to trace tasks and assignments for easy monitoring.
  3. Create custom spreadsheet – being able to apply the percentage across all the items in the sheet is a very time-saving and convenient feature to have.
  4. Support for multiple books – you may not need it right now, but for any ambitiously growing company, it’s always better to be safe than sorry.
  5. Budget level security and user management – you should be able to enable security for accessing and entering budgetary information, based on different type of users or transactions.

So, if you are looking for a robust budgeting and planning software, contact us today for your demo on Performance Canvas, the Planning, Budgeting, Reporting and consolidating software every finance team needs!