Accountants love to budget in Excel due to its rich functionality and ease of use. However, there is also a problem with budgeting in Excel. The annual budget process can be a real chore. Most companies spend more than 90% of the weeks and months needed to create a budget copying, typing and crunching numbers, and less than 10% of the time analysing and understanding their company or departmental budget.
Turn those percentages around to make the budget process what it should be!
Many budget controllers will admit that despite Excel’s advantages it also has serious deficiencies:
– Failure to handle multidimensional organisations
– Formulas everywhere
– Difficult for multiple users to collaborate
– Slow turnaround
Excel is not the only problem - Budgeting in a Web-Browser has its own issues!
Many software providers have opted for a ‘web-browser only’ interface to their solutions.
In our opinion, although such systems set out to control unauthorised changes to budget templates and formulas, users end up preparing budgets outside such systems in Excel and then pasting the results into the corporate model.
Thanks to Prodinity you can manage your budget easily, quickly and efficiently!
Why choose a Prodinity budgeting tool?
Create an enterprise-wide budget that can be viewed, reported on, and analysed as quickly as numbers can be entered - virtually in a fraction of the time you’ve spent before!
Types of Budgets
Prodinity has delivered budget solutions that include but are not limited to:
Revenue budgets - budgeting at a client level
Staff expense budgets - budgeting at an employee level for all employee related expenses
Capital expenditure budgets - budgeting at an asset level for costs and depreciation
Profit & Loss budgets - combining the results of revenues and expenses
Cash flow budgets - translating and phasing budgets to reflect anticipated cash flows