If you’re frustrated with the limitations of spreadsheets - data silos, manual entry errors, time-consuming reconciliations, and a lack of collaboration - you’re not alone. Many organizations struggle with these challenges. But what if you could streamline the process, eliminate inefficiencies, and gain real-time insights to drive smarter financial decisions?
Martus Solutions partner, AAFCPAs, recently hosted a webinar with a demo called "Streamline Budgeting, Forecasting, and Reporting with Martus" where they explored the powerful benefits of a modern budgeting, forecasting, and reporting solution.
Key Takeaways from the Webinar:
- Real-Time Insights: Martus offers workflow automation and real-time data synchronization with GL systems, reducing manual processes and providing up-to-date information. Because you're getting real-time data and insights, you can truly be strategic as an organization.
- Reporting and Dashboards: Many companies struggle with the reporting tools that they have. Martus is simple to use and is intuitive so that non-Finance staff can use it with ease. With Martus, you can slice and dice data in many different ways based on different segmentations or dimensions like grants, projects, programs, or location. Martus provides intuitive reporting tools and dashboards, allowing users to create custom reports and easily compare actuals against budgeted numbers.
- Collaborative Budgeting: The lack of collaboration throughout an organization when it comes to budgeting has always been an issue. Martus enhances collaboration by involving department heads in the budgeting process, promoting accountability and ownership at different levels of the organization. Martus provides a lot more accountability by having stakeholders participating in the budget process. Everyone then knows what to expect and feels a sense of ownership.
- Scenario Planning: Scenario Planning has become more and more important these days. Whether you get a new contract or you lose a contract or staffing changes or you pick up a different product, Martus allows you to create scenarios so that you can see best- and worst-case scenarios, do risk mitigation, and prepare yourself for how to handle some of the situations that you're going to encounter based upon these scenarios. Martus helps organizations prepare for various situations and make informed decisions.
- Personnel Planning: With most organizations, 70% of budgeted expenses come from compensation and benefits. Companies are really looking for a better way to plan for personnel and Martus gives you the tools for that granularity, allowing you to budget at the employee level for salaries, benefits, and other related costs. Martus allows for detailed personnel planning, including budgeting for salaries, benefits, and allocations, with options for adjustments.
- Implementation Process: Looking to get your Martus implementation done quickly? The average customer sees the implementation completed in six to eight weeks. This is quite different from many other solutions that take months to implement. But, if you need to do a phased implementation in stages, that is available too. We set the schedule based on what works for you. Additionally, with Martus, many of the out-of-the-box reports are available early in your implementation process.
Say hello to a more efficient, strategic way to manage your budgets, forecasting, and reporting!
Want to see Martus in action? Watch the webinar replay here or reach out to AAFCPAs to learn more!