How True Sky Can Simplify the Budgeting Process for Businesses Using Sage X3
If your business is using Sage X3, then you already know how helpful it can be to simplify your business processes.
And just like Sage X3 takes the complexity out of your business operations, the True Sky budgeting and forecasting solution can simplify the budgeting process for companies using Excel.
As a certified Sage X3 solution, True Sky integrates seamlessly with Sage X3 to offer advanced budgeting capabilities. CFOs can easily use both systems without worrying about incomplete data transfer or incompatible file formats.
Here are some of the ways that True Sky can work with Sage X3 to help your business.
First and foremost, CFOs who implement True Sky will benefit from greater simplicity in their budgeting or forecasting process.
True Sky was designed specifically in order to simplify the budgeting process, while also helping CFOs align strategies and priorities, meet financial targets, adjust quickly to market changes, and avoid financial surprises.
Implementing True Sky can help businesses avoid common issues associated with budgeting: inaccurate numbers, outdated spreadsheets, and confusing or incomplete entries.
In addition, if your business is considering switching to rolling forecasting, True Sky can make this switch easier and more efficient.
Align strategies and priorities.
One of True Sky’s biggest advantages is that it ensures that everyone with access to your budget is working with a single version of the truth – no more circulating multiple spreadsheets, dealing with merge errors, or wondering when a certain entry was changed.
In fact, since True Sky allows users to attach comments or attachments to their entries, CFOs can see the reasoning behind budget entries, enhancing their ability to make better business decisions.
Meet financial targets
True Sky can help CFOs meet their financial targets by offering clarity into their business’s data. For example, users can implement validation rules that will improve their data quality. True Sky also offers the ability to configure approval flows so that those inputting data into the budget can be accountable for their contributions.
This accountability alone can greatly improve the quality of your budgeting process. When it’s combined with True Sky’s deep dive analysis capabilities and the ability to run “what if” scenarios, CFOs can be certain that they’re getting the best possible insight from their data.
Adjust rapidly to market changes
One of the biggest problems with doing budgets the traditional way is that the data is outdated almost before it’s even been finalized. This means that if a change of direction is needed, it can take a business weeks or months to make the necessary adjustments.
True Sky allows businesses to act with much greater agility and speed. For example, users can build new data models and templates on demand, without having to put in requests to IT and waiting for them to fulfill them.
There’s no need to recreate the same templates or entries over and over, as True Sky allows for the deployment of reusable content that can adjust dynamically over time. Rolling forecasts and long-term projections can be updated effortlessly.
Plus, since the entire budgeting process can be managed through the office of the CFO, steps that typically eat up additional time – coordinating with different department heads, for example – can be streamlined or eliminated.
Avoid surprises
Sage X3 users who implement True Sky can rest assured they won’t be hit with any surprises, which can derail a carefully planned budget.
The software’s security features ensure that only authorized users can make changes or input data into the budget, and the audit trail feature makes it easy to identify errors or edits to the numbers.
True Sky also works in real time, so CFOs always have access to current, live data – all of which is consolidated automatically. True Sky also automates the approval process, reporting, and data distribution functions, saving CFOs valuable time.
Sage X3 ERP users can benefit greatly from this budgeting and forecasting solution. And True Sky will work for any Sage X3 user – it’s a horizontal application, and can be configured for any industry that a Sage X3 business works in.
