EXCEL SPREADSHEETS ARE CUMBERSOME AND RISKY; OPT INSTEAD FOR DECIMAL’S SLEEK, INTEGRATED, MULTI-USER SOLUTION!
- Excel use involves a high risk of error from manual entry, formatting changes, accidental cell deletion, etc.;
- Excel has no automation or self-checking functions; excessive copy / pasting from one spreadsheet to another increases the risk of errors;
- Many financiers misuse the (often incomplete) spreadsheet programs they are given, to their cost;
- Programming, formatting, rearranging formulas and functions, testing the programing are all time-consuming tasks;
- Spreadsheets are not adapted to the company's specific requirements, procedural changes and complex, programmable transactions;
- Spreadsheets quickly become untrustworthy, difficult to operate and maintain (issue of long-term spreadsheets storage);
- Collaboration among different users tends to be clumsy;
- It is impossible to track changes; hypothesis and calculation mistakes are common;
- Systems and procedures must be put in place to prevent errors;
- Generating new, dynamic reports is very difficult in Excel.
A SINGLE FINANCIAL SOLUTION
FOR THE PUBLIC SECTOR
Rapid access to accurate information is the cornerstone of many public organizations. By enabling them to rapidly generate dynamic reports, this data gives managers the crucial ability to create scenarios for improved forecasting and impact analysis.
Read on to see how DECIMAL’s budgeting, forecasting and projection solution makes it possible for the public sector to improve its budgeting process, truly understand its cost structure and generate robust management reports and dashboards.
BUDGETING
Operating Budgeting (income and expenses) – Payroll Planning and Management – Budgeting for Assets and Budgeting for Projects, in annual Planning and over several years Forecasting and Monitoring
COSTING
Program Cost Assessment – Activity-based Costing – Rendered Services Costing – Pricing – Benchmarking – Forecast and Scenarios – Accountability – Activity-based Budgeting
FINANCIAL DASHBOARDS
Analysis – Performance Indicators – Management Reports – Static Reports – Quick Information Deployment in Web or mobile Device.
THE MANY ADVANTAGES OF THE DECIMAL SUITE:
- The Decimal Suite’s single, centralized database encourages collaboration by providing simultaneous access to many users;
- Getting all managers on board promotes buy-in and accountability;
- Integrated payroll calculation and planning features provide a comprehensive view of organizational budgets;
- Creates scenarios based on the user’s own calculation rules at different levels: account, type of account or specific parameter;
- Establishes budget expenses based on volumetrics;
- Organizes data according to needs: chart of account, administrative units, etc.;
- Produces instant forecasts and automatic variance analyses;
- Enables authorized users to enter budget data directly while keeping track of changes made;
- Contains integrated fields for entering notes or attaching files;
- Provides features that enable users to quickly and automatically produce dynamic reports and spreadsheets, make multidimensional tables and drill down as far as detailed account forecast calculations;
- Connected to Office, it can synchronize data updates with a single click;
- You can print reports, view them on screen or export them to other systems, such as Excel;
- Able to integrate seamlessly with existing systems;
- The Cloud-based model means there is no need to make a large up-front investment or use significant IT resources.
