FP&A Software

  • FP&A Software

    Posted by Colan Witt on December 29, 2023 at 6:47 am

    Looking for FP&A software recommendations primarily for reporting, budgeting and analysis. We’re a non-profit on GP 2018 and currently use a combination of Management Reporter and Excel.

    Jo deRuiter replied 4 months, 1 week ago 2 Members · 3 Replies
  • 3 Replies
  • Jo deRuiter

    Member
    January 4, 2024 at 10:01 am
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    Hi Colan:

    There are a number of these, so it depends on what you need the application to do.

    Do you require a multi-user budgeting system, etc. to be used. Do you want it to deploy and build in Excel, etc.

    Let us know your requirements and we can recommend.

    Also, have you reached out to your partner for recommendations? Many of the software vendors will only work with your partner directly.

  • Colan Witt

    Member
    January 5, 2024 at 9:30 am
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    Yes, we’d be looking to utilize a multi-user budgeting system. We’re currently exporting a budget report from Management Report to Excel so we’re looking for a more structured and secure process where multiple users can view and edit the data, ideally with the ability to track changes. I know many platforms have an Excel feel to them, however we just need to be able to export the data from the FP&A software to Excel so we can then import the budget to GP when complete.

    I recently reached out to our partner and am awaiting their response. We have adequate internal staff to make the necessary API connections between the platforms.

  • Jo deRuiter

    Member
    January 5, 2024 at 9:36 am
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    Those can be different – so a good budgeting system can be included in an FP&A product – such as those from Jet Reports by Insight Software or BI 360 by Solver.

    However, some of those systems get pricey.

    If you are looking more at budgeting for GP and just a generic reporting tool you can get Jet, Solver, ActivReporter, etc. at a lower version to save money and buy a budgeting solution, like Dynamic Budgets.

    There are other reporting software’s as well – I recommend you talk to your partner and setup some demos – your partner may work with these companies already.

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