Many finance evaluations make the mistake of including budgeting, planning and forecasting (BP&F) functionality as part of their evaluation of core financial management applications. IT professionals and finance users must understand why this is the wrong approach, and how to correctly conduct these evaluations.
Synergy is pleased to offer you this report from Gartner that will help ensure you adopt the right evaluation approach when considering a budgeting, planning and forecasting solution.
Key Findings
‘• General ledger (GL) applications can manage budgetary control procedures, but their data structure means they cannot support sophisticated BP&F functionality (like top-down spreading, scenario creation and forecasting). Also, they cannot support driver-based planning.
• Corporate performance management (CPM) applications have matured; they offer powerful BP&F functionality.
• BP&F applications are “loosely coupled” to underlying ERP applications, rather than “tightly integrated.” Download the complete report from Gartner in PDF (no registration required, single click download)
Please contact us for a free copy
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