Start of 2013 Budgeting Season Drives JD Edwards Users to InsightSoftware.com
Insight Budgeting software accelerates and streamlines budgeting processes with immediate uploads into JD Edwards and Excel integration
DENVER, June 7, 2012 – With June just a few weeks away, thousands of finance teams are gearing up to begin the tedious process of creating their 2013 budgets. InsightSoftware.com (Insight) is encouraging finance executives leveraging JD Edwards’ solutions to reduce their budgeting time by weeks – or even months – by integrating Insight Budgeting™ into their process. Among its many benefits, Insight Budgeting enables users to make online submissions, speed up workflow and upload budgets directly into JD Edwards.
According to an Accenture report, “…companies worth $1 billion or more will spend on average 25,000 working days defining budgets, and many companies will take up to six months to finalize theirs.” Most CFOs will say that the single biggest time drain during the budget cycle is orchestrating the process. The key to a faster budgeting process is workflow automation, coupled with a tool that complements Excel rather than competes with it.
With Insight Budgeting, controllers or other budget managers can leverage the complex functionality of models created in Excel while still managing a controlled process. In addition, Insight Budgeting integrates directly with companies’ ERP systems, so edits and updates are seamless and take only minutes.
“We like to say that Insight Budgeting helps stop the spreadsheet madness,” said Jon Louvar, planning solutions manager for InsightSoftware.com. “It’s really an integrated tool that gives JD Edwards users collaboration without complication. With the workflow automation completely built in and the user management capabilities, Insight Budgeting is a secret weapon for anyone managing the budgeting process.”
For some companies, Insight Budgeting has shaved weeks off the process, and for others Insight has enabled them to move to a monthly budgeting process that is better aligned with how they operate and becomes a standard task, rather than an annual headache.
One example of an enterprise that has successfully saved time from Insight Budgeting is URS Flint. “We used to have each division in our company create their budgets within separate Excel spreadsheets and the information would be manually entered into the JD Edwards, a very labor intensive process,” said Debbie Karain, Director of Corporate Accounting for URS Flint. “Being able to have the data immediately uploaded into JD Edwards has saved us immeasurable time and reporting is much easier. I couldn’t imagine working with JD Edwards without Insight Budgeting.”
To hear more about URS Flint experience with Insight Budgeting, please visit: http://info.insightsoftware.com/Budgeting.AnInterviewwithFlintEnergy.html
Finance teams interested in learning more about Insight Budgeting can visit http://www.insightsoftware.com/products/budgeting to learn much more about resources for the budgeting process. This includes an ROI calculator that helps executives determine the reclaimed productivity of their finance teams when the budgeting process is shortened. Also on the site are a variety of customer video testimonials and in-depth product specification sheets.
InsightSoftware.com makes getting information out of Oracle E-Business Suite and JD Edwards easy, empowering end users with access to live information. The Insight Software Suite improves productivity for ad hoc requests, reporting, budgeting and reconciliation needs. Installed and live in an hour, Insight Reporting is a fraction of the cost of business intelligence systems. Insight’s enterprise-wide solution for Oracle Financials includes modules for: Financials including General Ledgers, Accounts Receivable, Accounts Payable, Fixed Assets, Projects and Purchasing.
Oracle, Oracle E-Business Suite, and JD Edwards are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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