There are many challenges that face Budget or Forecast system implementers, but one of the biggest challenges is acceptance by the end-user (those that actually enter the budgeting numbers). The budgeting process itself is often viewed as an onerous part of the role of managers or administrators. No matter what…
Read MoreIn our first post in the Detail Budgeting series, we noted that a common issue among budgeters was an inability, in traditional budgeting systems, to enter enough explanatory detail. True Sky, Planning, Budgeting and Forecasting, provides a number of solutions to this issue, including how Line Item Detail can be used…
Read MoreRemembering the basic philosophy of True Sky as Budget in Excel; Manage in SharePoint; Store in SQL Server, let’s walk through the basic process of Budgeting and Forecasting in this tool. Input numbers in Excel First, a budgeting template is designed in Excel. A template is a multi-use document…
Read MoreThis is our first post to this blog – a blog dedicated to the True Sky Planning, Budgeting and Forecasting solution. We hope to use this forum to promote learning, sharing and discussions about True Sky. We will offer tips and tricks, how-to’s and provide a place for friendly discourse…
Read MoreBudgeting Best Practices Webinar Most companies spend four to five months on planning and budgeting with managers spending up to 20% of their time on this process. Where does your company stand? Those involved in the budgeting, planning and forecasting process are burdened with the administration tasks, when they…
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