Excel-based expense reports are often still the norm for many organizations and are a major pain point for employees from finance to the sales teams. Without an automated system to control expenses, you have little or no ability to actively manage company spend. It’s difficult to ensure that spending decisions remain within budget and are in compliance with company policies. So why are so many companies still using manual, paper-based processes to deal with employee expenses? And how can organizations leverage technology to eliminate inefficient[...]
Carlson Thought Leadership in Finance & Technology
As an Intacct partner, we are often asked by our existing customers what the benefits are for moving away from Quickbooks or their legacy ERP system to Intacct. In most cases, these customers are feeling the limitations of their current systems; complexity for the end user, lack of multi-entity capability and cost of upgrades and customizations. In some cases, they have implemented cloud financial systems like Adaptive Insights or BlackLine and are considering going “all-in” on the cloud.
At the recent 2016 Adaptive Live user conference, I had the opportunity to present a session along with a panel of our customers about the benefits of making Adaptive Insights the central hub of decision-making. Many organizations fail to fully utilize the breadth of capability within Adaptive for making solid business decisions by limiting the scope of data from which they work. Part of the reason for this is the mindset among some finance professionals that they should be concerned only with financial data. Another reason is that importing data[...]
Adaptive Live 2016, a Journey to Insights, was held last week and by all accounts was a great success. Carlson, a Gold Sponsor, sent a large contingent to take in the workshops, meet with our clients, and network with Adaptive customers and staff. The team flew in on Tuesday and, after the Welcome Reception, enjoyed dinner at a great Italian restaurant with clients. The restaurant was particularly happy since we had 26 people in our party!
Has the year-end budget cycle exposed shortcomings in your Adaptive Insights model? Has your organization evolved since your initial implementation? Are there additional sheets, reports, or metrics you’d like to incorporate? Are you making the most of all of the new features Adaptive Insights has released?
“Thanks to Adaptive and Carlson, we no longer have the Annual Budget Model from Nightmare on Excel Street!” stated a euphoric Kelly Richmond, Budget Manager and Financial Analyst from Healthwise, Incorporated, a global non-profit organization dedicated to helping people make better health decisions.