| ign="center"> | | | | create financial reports, distribute them, and facilitate |
| In recent years, it has become easier for business to | | | | the analysis processes. The reports that are created |
| set up, establish, and expand. One of the reasons for | | | | are then relevant and timely because they are |
| this phenomenon is that there is a wealth of financial | | | | generated at a faster rate compared to traditional |
| resources even to small and medium sized businesses. | | | | methods. |
| It is no longer a requirement to invest large sums of | | | | The Microsoft Forecaster offers the advantage of |
| money or excessive manpower in order to achieve | | | | giving people access to data anytime they need it. In |
| certain business goals. | | | | addition to this, it also eliminates the need to be |
| One example of this is in the area of financial planning | | | | physically present in the office in order to get the work |
| and budgeting. This is of a particular advantage | | | | done. These capabilities are invaluable particularly in the |
| because there is too much information lost within the | | | | season of budget preparation when people have to |
| business system using normal practices and methods. | | | | work fast and be on the go. Even with the |
| As a result, there are opportunities missed out by the | | | | easy-access feature, there is very little danger of |
| business simply because they went undetected. | | | | security breaches. The program is equipped with |
| It is also very difficult to sort through the data to come | | | | security devices such as passwords and usernames |
| up with specific strategies. What is needed is a | | | | in order to keep unauthorized people out. |
| program that has the ability to automatically gather the | | | | Microsoft Dynamics Great Plains is a program that |
| information and process it in a streamlined fashion. | | | | brings together the different factors needed to run a |
| When data is presented in a simple manner, the | | | | business to create a better environment. The product |
| chances of it being utilized are increased. | | | | helps the different departments create strategic plans, |
| Microsoft introduced a computer program that does | | | | budgets, and forecasts. Another advantage of this is |
| exactly that. Called the Microsoft Forecaster, it is a | | | | that it can be expanded so that the program is able to |
| product that is part of the Business Intelligence Suite. | | | | adapt with the growth of the business. |
| What it does is seamlessly process the budgets and | | | | The use of technology such as Microsoft Business |
| other financial planning information needed by the | | | | Solutions Great Plains is an advantage that business |
| company. | | | | owners should take. The market has become so |
| Another product called the Microsoft FRX can be | | | | diverse and fast-paced that traditional business models |
| used alongside with the Forecaster to create a | | | | are unable to keep up. Through these programs, the |
| powerful tool that improved the financial reporting | | | | company is better equipped to be in a position of |
| capability of the company. What the FRX does is | | | | growth and stability. |