Solver BI360 - Detailed Review
Data Tools
Solver BI360 - Product Overview
Introduction to Solver BI360
Solver BI360 is a comprehensive Business Intelligence (BI) and Corporate Performance Management (CPM) suite designed to help organizations make better and faster decisions. Here’s a breakdown of its primary function, target audience, and key features:Primary Function
Solver BI360 is intended to consolidate data from various sources, including ERP systems, to provide a unified view for reporting, budgeting, forecasting, and data analysis. This suite enables organizations to streamline their financial and operational planning processes, enhancing overall decision-making capabilities.Target Audience
The target audience for Solver BI360 includes mid-market enterprises, particularly those using popular ERP systems such as Microsoft Dynamics, Sage, SAP, Intacct, Acumatica, and NetSuite. It is ideal for financial and non-financial professionals who need advanced analytics and reporting tools to manage their business operations effectively.Key Features
Reporting Module
- Offers both live reporting on ERP systems and reporting through the BI360 Data Warehouse or cloud platform.
- Available interfaces include Excel, web, and mobile, allowing for flexible reporting and consolidations.
Planning Module
- Provides flexible and powerful budgeting and forecasting capabilities.
- Input forms can be designed in Excel, and data can be entered through Excel or the web.
- Data is typically stored in the BI360 Data Warehouse or cloud but can also be transferred back to the ERP’s budget tables.
Dashboards Module
- Web-based dashboards for both designers and end-users.
- Helps visualize trends, identify issues, and manage business performance.
Data Warehouse Module
- Integrates data from various sources, including ERP systems, payroll, statistical data sources, and other operational systems.
- Supports pre-built connectors to cloud data sources like Salesforce, Intacct, Acumatica, and NetSuite.
- Compatible with third-party tools such as Power BI and Tableau.
Deployment Options
- Available for both cloud and on-premise deployment, offering flexibility based on the organization’s preferences.
Integrations
- Pre-built integrations with major ERP systems, ensuring seamless data transfer and synchronization.
- Integrations include Sage 100, Sage 500, Sage X3, Acumatica, and other leading business applications.
User Experience
- Offers a modern, user-friendly interface that is Excel-powered and completely integrated.
- Self-service analytics enable all business users to make smarter decisions faster, with automated email updates and comments for seamless collaboration.
Solver BI360 - User Interface and Experience
User Interface Overview
The user interface of Solver BI360 is crafted to be intuitive and familiar, particularly for users accustomed to Microsoft Office products.Interface Design
The interface of BI360 maintains a similar look and feel to Microsoft Office, incorporating an Outlook-style menu bar and a ribbon interface, which makes it easy for users to adapt quickly. This design ensures that the navigation is straightforward and user-friendly, reducing the learning curve for new users.Excel Integration
BI360 is heavily integrated with Microsoft Excel, which is a significant advantage for users who are already comfortable with Excel. The Reporting and Planning modules are available as Excel add-ins, allowing users to leverage all the functionality of Excel for reporting and budgeting. This integration enables users to design reports and budget forms in an environment they are familiar with.Reporting Components
The BI360 Reporting module includes several key components that enhance the user experience. The BI360 Designer allows power users to design and edit reports, while the BI360 Player, accessible via the web portal or as a stand-alone, enables end-users to run reports. The report parameters are created by the report designer and appear as prompts on the left side of the screen, allowing users to select dimensions such as periods or departments. This feature makes reports dynamic and efficient, as the data is filtered before being pulled from the source database.Web Portal
BI360 also features a modern, self-service web portal built with HTML 5, allowing users to run and view reports from any browser-based device. This web portal integrates with the Solver Data Warehouse and provides easy access to advanced financial and operational reporting capabilities, as well as budgeting and forecasting tools.Ease of Use
Users have consistently praised BI360 for its ease of use. The software is quick to implement, and its familiarity with Excel makes it accessible even for those without extensive technical backgrounds. Many reviewers have noted that while there may be a learning curve, once mastered, the software becomes incredibly versatile and user-friendly.Overall User Experience
The overall user experience of BI360 is positive, with many users appreciating the flexibility and functionality it offers. The ability to create reports in Excel, drop them into other formats, and share them easily has been highlighted as a significant advantage. Additionally, the customer support provided by Solver has been praised for its excellence, which further enhances the user experience.Areas for Improvement
However, some users have noted a few areas for improvement, such as occasional technical issues, rendering problems with large datasets, and the need for clearer error messaging. Despite these minor drawbacks, the general consensus is that BI360 offers a highly intuitive and effective user interface that streamlines reporting, budgeting, and financial analysis processes. Solver BI360 - Key Features and Functionality
Solver BI360 Overview
Solver BI360 is a comprehensive Corporate Performance Management (CPM) solution that offers a range of features and functionalities to enhance financial reporting, budgeting, and analysis. Here are the main features and how they work:Solver Reporting Module
This module serves as a report writer, report viewer, and report analysis solution. It allows users to create financial reports with real-time data from various ERP systems. Key features include:Real-Time Reporting
Provides live reporting on popular ERP systems, ensuring that data is up-to-date and accurate.Multi-Source Reporting
Enables reporting across multiple source systems, such as multiple ERP systems or ERP and CRM data.Advanced Functions
Supports advanced currency conversion, consolidations, eliminations, and allocations.User-Friendly Interface
Uses a meta data layer to translate complex technical field and table names into plain English business terms, making it easier for users to interact with the system.Solver Planning Module
This module is focused on budgeting, forecasting, and other data entry needs.Budgeting and Forecasting
Offers a complete tool for divisional or enterprise-wide budgeting and forecasting. Users can input and manage budget data, financial adjustments, and allocations.Workflow Management
Facilitates workflow for budgeting processes, ensuring that all stakeholders are involved and informed.Solver Dashboard Module
This module is designed for visualizing data and performance metrics.Visualizations
Allows users to create dashboards using Excel charts, graphs, and conditional formatting. It also integrates with Microsoft Power BI for advanced visualizations.KPIs and Scorecards
Users can visualize trends and analyze their organization’s data using Key Performance Indicators (KPIs), charts, and scorecards.Solver Data Warehouse Module
This module handles the configuration and management of data sources.Data Integration
Integrates data from different systems across the organization into a single database for reporting, planning, and dashboards. This includes data from various ERP systems, CRM systems, and other sources.Pre-Configured Data Warehouse
Based on the Microsoft SQL Server platform, it provides a quick-to-deploy data warehouse solution.Solver ERP Integrations
Solver BI360 integrates with several ERP systems to provide seamless data access.Sage 100
Streamlines product, order, customer, financial, and operational management for small and mid-size distributors and manufacturers.Acumatica
A “Fulfilled by Acumatica” CPM solution available through Acumatica’s Value Added Resellers (VARs).Sage Intacct
Created in collaboration with Sage Intacct, following their recommended best practices.Microsoft Dynamics GP
Integration with Altec’s doc-link solution allows users to access digital documents directly from BI360 reports.AI Integration
While the provided sources do not explicitly mention AI integration within Solver BI360, the system’s advanced reporting, budgeting, and data analysis capabilities are driven by sophisticated data processing and automation. However, there is no specific information available on AI-driven features in the current documentation.Conclusion
In summary, Solver BI360 enhances financial reporting, budgeting, and analysis by providing a unified platform for data integration, real-time reporting, and advanced visualizations, making it a valuable tool for decision-makers across various organizations. Solver BI360 - Performance and Accuracy
Evaluating the Performance and Accuracy of Solver BI360
Evaluating the performance and accuracy of Solver BI360 involves examining various aspects of the software, including its user experience, functionality, and any noted limitations.
Performance
Speed and Efficiency
Many users praise BI360 for its speed and efficiency. It is described as “fast to execute” and a “great time saver” for organizations, particularly in generating and scheduling reports.
Data Refresh
The software is commended for its quick daily data refresh, which is crucial for keeping reports up-to-date.
Report Generation
Users appreciate the ease of creating reports using the Composer interface and the ability to drop reports into Excel for further customization and sharing.
Accuracy
Data Integration
BI360 is highly regarded for its ability to integrate with various ERP systems, such as Microsoft Dynamics GP, Sage 100, Acumatica, and Sage Intacct. This integration ensures accurate data transfer and consolidation.
Data Warehouse
The data warehouse module is praised for its ease of setup and the immediate availability of new fields, which helps in maintaining accurate and up-to-date data.
Limitations and Areas for Improvement
Technical Issues
Some users have reported technical difficulties, such as daily run errors, report availability issues, and problems with cloud services. These issues can be frustrating, especially when support is not readily available due to time zone differences.
Error Messaging
There have been complaints about unclear and non-concise error messaging, which can make troubleshooting challenging.
Performance Over Time
Some users have noted that reports can run slower over time until a Solver update or release, which may be related to database indexing.
Intercompany Transactions
For organizations with intercompany transactions, the live database’s limitation in reporting more than one company at a time can be cumbersome, requiring the use of a static database updated less frequently.
User Interface
While many find the software user-friendly, some advanced users, particularly those familiar with Excel, have reported difficulties in learning and using certain features, such as the Excel version of the tool.
Parameter Naming and Report Archive
There are issues with parameter naming flexibility and managing report archives, which can lead to confusion and extra work in maintaining reports.
Customer Support
Support Quality
The quality of customer support is generally positive, with many users praising Solver’s responsive and committed support team. However, some users have experienced delays or difficulties in resolving technical issues, particularly across different time zones.
Conclusion
Solver BI360 is a powerful tool for financial reporting, budgeting, and analysis, offering significant benefits in terms of speed, ease of use, and data integration. However, it is not without its limitations. Users may encounter technical issues, performance slowdowns over time, and some challenges with the user interface and support. Addressing these areas could further enhance the overall performance and user satisfaction with the software.
Solver BI360 - Pricing and Plans
Licensing Tiers
Solver BI360 offers several user licenses, each with distinct features:Standard User
- Ideal for users who need full functionality, including running and building reports, entering data, and managing security.
- Includes access to Solver Academy, a comprehensive training and e-learning platform.
Contributor User
- Suitable for financial professionals who need to enter budgets and forecasts or view published reports.
Viewer User
- Perfect for team members who only need to view published reports and use the ad-hoc report writer.
Features Included in All Subscriptions
Regardless of the user tier, all subscriptions include:- Access to a collection of ready-to-use templates, reports, and dashboards in the Solver Marketplace.
- On-demand training via Solver Academy.
- Dozens of out-of-the-box connectors to work with data across your enterprise.
- A flexible report writer.
- Unlimited support.
- Automatic updates and upgrades.
Deployment Options
Solver BI360 is available in both cloud and on-premise deployments:- BI360 Cloud: Built on Microsoft Azure, offering dynamic accessibility and integration with major accounting systems like Microsoft Dynamics 365. This option includes a modern, browser-based user interface and various integrations.
- On-Premise: For companies not ready for the cloud, this option requires significant changes to infrastructure and server requirements.
Pricing Model
While the exact pricing details are not publicly available, here are some key points:- Solver uses an all-inclusive licensing model to simplify costs.
- For existing clients upgrading to the new 5.X version, Solver offers a 40% discount on the first year.
- There is no mention of a free version or free trial in the provided sources, but it is recommended to contact Solver directly for specific pricing information.
Upgrading Options
For current Solver BI360 clients, there are three main options:- Upgrade to BI360 V5.X Cloud version: Includes a new subscription-based pricing model with a 40% discount for the first year.
- Upgrade to BI360 V5.X On-Premise version: Requires significant infrastructure changes.
- Stay on BI360 V4.X: Solver will continue to support this version with bug fixes, but it is the last version in the 4.x series.
Solver BI360 - Integration and Compatibility
Solver BI360 Overview
Solver BI360 is a comprehensive Business Intelligence (BI) and Corporate Performance Management (CPM) suite that integrates seamlessly with a wide range of tools and systems, ensuring broad compatibility across various platforms and devices.ERP Integrations
Solver BI360 offers pre-built integrations with several popular Enterprise Resource Planning (ERP) systems. These include:Acumatica
Solver is a “Fulfilled by Acumatica” CPM solution, available for purchase through Acumatica’s Value Added Resellers (VARs).Sage 100, 500, and X3
These integrations streamline financial, operational, and product management for small and mid-size distributors and manufacturers.Sage Intacct
Solver is part of Sage’s independent software vendor (ISV) program, with a connector created in collaboration with Sage Intacct.Microsoft Dynamics
Integrations are available for all Microsoft Dynamics ERPs, including Dynamics 365 Business Central.Data Warehouse and Data Sources
The Solver Data Warehouse module is built on Microsoft SQL Server or SQL Azure (for cloud deployments), allowing it to integrate data from virtually any data source. This includes:Operational Systems
Payroll, statistical data sources, and other operational systems.Cloud Data Sources
Salesforce, Intacct, Acumatica, and NetSuite.Third-Party Tools
It integrates directly with tools like Power BI, Tableau, and others that support the SQL Server platform.Power BI Integration
Solver BI360 complements Power BI by providing budgeting, reporting, and data warehouse functionality. The integration is facilitated through:Microsoft-approved Solver connector
Available in the Power BI Desktop application.Solver API
Allows easy exposure of desired data from Solver to Power BI.Data Warehouse
Combines data from different sources and delivers it to Power BI in a single stream.Deployment Options
Solver BI360 can be deployed both on-premise and in the cloud, offering flexibility based on the organization’s infrastructure and preferences. The cloud version features a browser-based user interface, allowing easy access from anywhere with an internet connection.Device Compatibility
The solution offers interfaces through Excel, Web, and Mobile, ensuring that users can access and interact with the data from various devices. The web-based dashboards and reporting modules are accessible via the same portal, making it convenient for both designers and end-users.Conclusion
In summary, Solver BI360’s extensive integration capabilities and flexible deployment options make it a versatile tool that can be seamlessly integrated into a variety of business environments, enhancing decision-making processes across different industries and platforms. Solver BI360 - Customer Support and Resources
Comprehensive Customer Support for Solver BI360
When using Solver BI360, you have access to a comprehensive array of customer support options and additional resources to ensure you get the most out of the software.
Dedicated Support Team
Solver provides a dedicated team of trained specialists who are available to assist you through various channels. You can contact the support team via email at support@solver.com or by phone at (310) 691-5300 x3 or 888-831-0333.
Support Site
The Solver Support Site is a valuable resource where you can find a wealth of information. Once logged in, you can access a growing knowledge base that includes user guides, technical white papers, step-by-step troubleshooting solutions, and your support ticket history. This site is included with your Solver subscription.
Knowledge Base and Resources
The knowledge base on the Support Site offers extensive documentation, including user guides, technical white papers, and troubleshooting solutions. Additionally, you can access free product add-ons such as business rules and product downloads when applicable.
Training and Consulting
Solver Academy provides training programs to help you become a power user of the software. You can choose from online classes or receive training from a certified instructor. Consulting services are also available, where professional services experts can assist in managing and improving your company’s performance through a proven solutions delivery approach.
Live Chat
For immediate assistance, you can use the Live Chat feature available on the Solver website. This allows you to quickly connect with a support professional.
Data Integration and ERP Support
Solver BI360 integrates with leading ERP software and other business applications such as Microsoft Dynamics, Sage Intacct, SAP Business One, Acumatica, NetSuite, Salesforce, and QuickBooks Online. This ensures seamless data integration and support across various systems.
Video Testimonials and Additional Resources
Solver also provides video testimonials from companies across various industries, which can offer insights into how other businesses are using the software. These resources are available on their website and can be helpful in seeing the practical applications of Solver BI360.
Maximizing Solver BI360 Benefits
By leveraging these support options and resources, you can ensure a smooth and effective implementation of Solver BI360, maximizing its benefits for your business.
Solver BI360 - Pros and Cons
Advantages of Solver BI360
Solver BI360 is highly regarded for several key advantages that make it a valuable tool in the data tools and business intelligence category.User-Friendly Interface
Solver BI360 is praised for its ease of use, particularly for users familiar with Microsoft Excel. The drag-and-drop functionality and Excel-like interface make it easy to create and manage reports without needing to exit the system.Comprehensive Features
The software offers a wide range of features including reporting, budgeting, forecasting, dashboards, and data warehousing. These modules are highly adaptable and allow users to gather and analyze data from multiple sources, creating a comprehensive view of the organization.Integration Capabilities
Solver BI360 integrates seamlessly with various third-party systems such as Microsoft Dynamics, Intacct, NetSuite, and Salesforce. This integration enables users to combine data from different sources, enhancing financial reporting and decision-making.Financial Consolidation
The data warehouse module comes with out-of-the-box intelligence around financial reporting, making it an effective financial consolidation tool. This helps in combining all data and basing actions on reliable and actionable insights.Customer Support
Many users highlight the excellent customer support provided by Solver. The support team is responsive, respectful, and committed to resolving user challenges quickly.Flexibility and Customization
The software allows for great flexibility in configuring reports and budget models. Users can create accurate forecasts and reliable models, which help in reducing operational costs and speeding up the implementation of plans.Collaboration Tools
Solver BI360 enhances collaboration between departments by allowing users to share information and work together using the same data, leading to better-informed decisions.Disadvantages of Solver BI360
While Solver BI360 has many advantages, there are also some notable disadvantages that users have reported.Initial Setup and Configuration
Some users find the initial setup and configuration of Solver BI360 to be complex and challenging. This can lead to a longer implementation time and may require more technical support.Performance Issues
There are reports of performance issues, such as slow load times for data-intensive reports and occasional rendering issues when using multi-tab reports or dashboards. These issues can be frustrating, especially for larger or more distributed organizations.Troubleshooting Difficulties
Users have experienced difficulties in troubleshooting issues, particularly when integrations with other systems are involved. These compatibility challenges can sometimes lead to slowdowns or errors.Security and Parameter Limitations
Some users have noted limitations in the security settings and parameter naming. For example, the inability to control the report archive for users and inflexible parameter naming can create confusion and extra work.Time Zone and Support Issues
For users in different time zones, there have been issues with support availability, leading to frustration when immediate assistance is needed.Cost Considerations
Advanced features in certain versions or packages can come with higher costs, which may limit accessibility for smaller teams or organizations with tighter budgets. In summary, Solver BI360 is a powerful and user-friendly business intelligence tool with strong integration capabilities and excellent customer support. However, it may present some challenges in initial setup, performance, and troubleshooting, along with some limitations in security and parameter management. Solver BI360 - Comparison with Competitors
Solver BI360 Key Features
- Data Consolidation: Solver BI360 is adept at consolidating large amounts of data from various sources, including CRM, ERP, accounting software, and unstructured data stores.
- Intuitive Dashboards: It offers pre-configured solutions with intuitive dashboards and analytics interfaces, making it easier for users to explore and analyze data.
- Automated Data Loading: The tool includes built-in automated data loading tools, which simplify database querying and searching.
- Scalability: BI360 has a scalable infrastructure that supports handling large amounts of data.
- Security: It provides access controls, data encryption, and integration with security measures to ensure data safety.
Unique Features
- Pre-configured Solution: Solver BI360 stands out with its pre-configured setup, which simplifies database deployment and business intelligence workflows. This makes it particularly user-friendly for those who are not highly technical.
- Integration with MS SQL Server: It runs on MS SQL Server, which can be an advantage for organizations already using Microsoft products.
Potential Alternatives
Microsoft Power BI
- User-Friendly Interface: Power BI is known for its user-friendly interface, especially for those familiar with Microsoft products. It integrates well with the Microsoft Office suite and can handle large data sets.
- Advanced Features: While it has a learning curve for advanced functionalities, it offers powerful data visualization and business intelligence capabilities. However, it can become costly with premium features.
- Difference: Unlike BI360, Power BI is more integrated with the broader Microsoft ecosystem and has more advanced AI and machine learning capabilities, but it may require additional tools for non-Microsoft data integration.
Tableau
- Advanced Visualizations: Tableau is renowned for its advanced visualizations and an intuitive drag-and-drop interface. It uses AI to enhance data analysis, preparation, and governance, making it more accessible even for beginners.
- Integration with Salesforce: Tableau seamlessly integrates with Salesforce data, which can be a significant advantage for users within the Salesforce ecosystem.
- Difference: Tableau has more advanced AI tools and better integration with Salesforce, but it can be challenging for new users due to its feature richness.
Domo
- End-to-End Data Platform: Domo is an end-to-end data platform that supports data cleaning, modification, and loading. It has an AI service layer that streamlines data delivery and guides users to insights through AI-enhanced data exploration.
- Customizable Data Apps: Domo allows users to build customizable data apps, which is different from BI360’s more structured approach.
- Difference: Domo offers more comprehensive AI capabilities, including pre-built AI models for forecasting and sentiment analysis, but it may require more setup and customization compared to BI360’s pre-configured solution.
IBM Cognos Analytics
- AI-Powered Automation: IBM Cognos Analytics uses AI-powered automation and insights to help users create dashboards and reports. It includes features like automated pattern detection and natural language query support.
- Complex Interface: While powerful, it has a complex interface with a steep learning curve, which might not be ideal for all users.
- Difference: IBM Cognos Analytics offers advanced analytics capabilities and integration with IBM tools, but its complexity and cost can be prohibitive for smaller companies.
Conclusion
Solver BI360 is a solid choice for organizations looking for a pre-configured, user-friendly data consolidation and analytics solution. However, depending on the specific needs of the organization, such as deeper AI capabilities, integration with other ecosystems, or more advanced visualizations, alternatives like Microsoft Power BI, Tableau, Domo, or IBM Cognos Analytics might be more suitable. Each of these tools has unique features that can cater to different business requirements and user preferences.
Solver BI360 - Frequently Asked Questions
Frequently Asked Questions about Solver BI360
Q: What are the key modules of Solver BI360?
Solver BI360 is composed of several key modules:
- Solver Reporting Module: Provides world-class financial reporting with push-button access to all data sources.
- Solver Planning Module: Focuses on budgeting and planning, offering improved budgeting features and visual tracking of workflows.
- Solver Dashboard Module: Allows users to create customized dashboards for real-time data visualization.
- Solver Data Warehouse Module: Simplifies data integration with a drag and drop style integration to various data sources.
- Solver ERP Integrations: Supports integrations with various ERP systems such as Sage 100, Acumatica, and Sage Intacct.
Q: What are the deployment options for Solver BI360?
Solver BI360 can be deployed in two main ways:
- Cloud Version: Offers a subscription-based pricing model with benefits like browser-based user interface, faster reporting, and improved budgeting features. Current clients can get a 40% discount on the first year.
- On-Premise Version: Requires significant changes to infrastructure and server requirements, but provides an alternative for those who prefer local deployment.
Q: What are the benefits of upgrading to Solver BI360 Version 5.X?
Upgrading to Version 5.X offers several benefits:
- Browser-Based User Interface: Easy access from anywhere with an internet connection.
- Faster Reporting: Enhanced reporting speed.
- Improved Budgeting: Visual tracking of workflows and easier write-back settings.
- API Integration with Power BI: Built-in API for data visualization.
- Simple Data Integration: Drag and drop style integration to data sources.
- Report Playlists: Built-in report playlists for board presentations.
- New View Only Users: Easier sharing of reports.
Q: How do users log into Solver BI360?
Users log into Solver BI360 through an invitation from an administrator via their business email address. By default, new users have no access to data until permissions are set.
Q: What kind of support does Solver BI360 offer?
Solver BI360 comes with support that can be accessed directly through Solver or their partners. Users can call for help, and support includes assistance with setup, licenses, and troubleshooting.
Q: Can Solver BI360 integrate with various ERP systems?
Yes, Solver BI360 supports integrations with several ERP systems, including:
- Sage 100
- Acumatica
- Sage Intacct
- Microsoft Dynamics 365 Business Central
These integrations help streamline financial reporting, budgeting, and analysis.
Q: How does the pricing model for Solver BI360 work?
The pricing for Solver BI360 is quote-based, meaning you need to contact the vendor to get a specific quote for your organization. There is also a free trial available to test the software before committing to a purchase.
Q: What kind of data analysis and reporting capabilities does Solver BI360 offer?
Solver BI360 allows users to gather and analyze information from multiple data sources, visualize trends, and generate reports in a customizable format. It also supports drag and drop functionality in Excel for running reports without exiting the system.
Q: Is Solver BI360 user-friendly?
Yes, Solver BI360 is known for being extremely user-friendly. It automates the collection and analysis of data, simplifying critical business processes such as reporting, planning, budgeting, and scheduling. The software is highly adaptable and versatile, making it accessible to a wide range of users.
Q: What if I decide to stay on Solver BI360 Version 4.X?
If you choose to stay on Version 4.X, Solver will continue to support it with bug fixes and other necessary updates. However, Version 4.7 is the last version available in the 4.X series, and eventually, support may be phased out in favor of newer versions.
Solver BI360 - Conclusion and Recommendation
Final Assessment of Solver BI360
Solver BI360 is a comprehensive business intelligence and Corporate Performance Management (CPM) suite that offers a wide range of features to enhance business performance, efficiency, and productivity. Here’s a detailed assessment of who would benefit most from using it and an overall recommendation.
Key Features and Benefits
- Integration and Compatibility: Solver BI360 seamlessly integrates with various ERP systems, including Microsoft Dynamics, Intacct, NetSuite, Salesforce, Sage 100, and Acumatica. This makes it highly versatile for businesses using different software ecosystems.
- Automated Reporting and Planning: The software automates financial processes, reduces month-end reporting lead times, and enables real-time reporting. This automation helps in eliminating human errors and streamlining reporting processes.
- Data Warehousing: Solver BI360 includes a powerful data warehouse module that allows users to collate, load, and store data from multiple sources. This module is designed to be managed by non-technical users, making it accessible to a broader range of personnel.
- Budgeting and Forecasting: The software offers a highly adaptable budgeting model, allowing users to create accurate forecasts and reliable models. This helps in reducing operational costs and speeding up the implementation of plans.
- User-Friendly Interface: Solver BI360 is Excel-powered, which means users familiar with Excel can easily design reports and budget forms in a familiar environment. This facilitates rapid user adoption and minimizes the learning curve.
- Collaboration Tools: The system includes collaboration tools that enhance teamwork and information sharing across different departments, leading to better-informed decisions.
Who Would Benefit Most
Solver BI360 is particularly beneficial for:
- Medium to Large-Sized Businesses: Companies with 50-200 employees and revenues between $10M-$50M can significantly benefit from the software’s scalability and feature set. However, it is also used by larger enterprises with over 1,000 employees and revenues exceeding $1 billion.
- Finance and Accounting Departments: Given its strong focus on financial reporting, budgeting, and consolidation, Solver BI360 is a valuable tool for finance and accounting teams looking to streamline their processes and make data-driven decisions.
- Organizations Needing Integrated Reporting: Businesses that require consolidated financial reporting and the ability to share key business metrics quickly will find Solver BI360 very useful.
Overall Recommendation
Solver BI360 is highly recommended for organizations seeking a comprehensive CPM solution that integrates well with their existing systems. Here are some key points to consider:
- Ease of Use: The software is user-friendly, especially for those familiar with Excel, which makes it easier for teams to adopt and use effectively.
- Scalability: Solver BI360 can scale with the business, offering flexible deployment options (on-premise or cloud) and the ability to add modules as needed.
- Customer Support: The software is backed by strong customer support, with many users praising the quick, respectful, and straightforward service provided by the support team.
In summary, Solver BI360 is an excellent choice for businesses looking to automate financial processes, enhance reporting and budgeting, and drive data-driven decision-making. Its versatility, ease of use, and strong integration capabilities make it a valuable asset for any organization aiming to improve its financial management and performance.