True Sky: An Excel-lent Business Solution

Posted on: March 20, 2015


Topics: Corporate Performance Management (CPM)

Excel offers companies a powerful tool to gather, organize, and present data from many sources. And while it is the most common application used by businesses, it has limitations that can result in:

  • Decreased efficiency
  • Missed timelines
  • Breakdown in analysis

The Budgeting Barrier

For any company, the budgeting cycle is a major annual process. And hand in hand with that process is the need to secure an accurate financial picture of all departments. And Excel is often the tool through which this picture is obtained.

But relying on Excel alone to create templates for end users to input data can in some instances be setting up the merging of documents and the finalizing of the budget for failure.

A large number of end users, especially spread across departments, increases the chance that the structures created in the Excel workbook by budget managers are modified by those end users. Altering a formula, deleting a column, or applying text in an inappropriate location can make for major headaches when those documents are merged.

Tip: What Is Your Budgeting Cycle Costing You?

A Solution That Solves Your Budgeting Needs

True Sky is a powerful budgeting, planning, and forecasting solution that was designed to meet the needs of companies with unique or complex business needs.

Tip: Excel vs. CPM: True Sky Lets You Have Both

Use What You Already Have

Because it is Excel-interface True Sky allows you to leverage the knowledge your team already possesses, making training easier and faster. Consequently, it can be deployed without extensive IT involvement, and once deployed, it can be maintained by your own business groups.

Tip: 5 Essential Questions Successful Companies Should Ask When Choosing A Budgeting And Forecasting Solution

Revolutionize The Planning Process

True Sky can move your business forward by powering a reassessment of the planning process, moving it from a focus on data capture to performance management and information analysis. Providing at the same time centralized control and reusable content, True Sky reduces the effort needed to manage your process.

Tip: Why Annual Budgeting Has Become A Thing Of The Past

Make Budgeting More Accurate

Facilitating driver-based budgeting, True Sky gives your business the tools to capture critical data often overlooked in budgeting cycles. The business budgeting software can pave the way toward the elimination of budgeting as a yearly process in favor of rolling forecasts, giving you insight into more accurate and up-to-date information about your business that can be used to drive better decision making processes.

Tip: Where Did That Number Come From? A Guide To Driver Based Budgeting

Budgeting and forecasting softwares are proliferating, and it can be tough to find the one that really suits your unique needs. TGO can help – with over 26 years of experience, our industry expertise can help you make a critical decision that will have a major impact on the daily performance of your company for years to come. Contact us today and learn about the options that can make your enterprise leaner, more agile, more profitable.