Spreadsheets and BudgetLogic

Time to Budget

Spreadsheets are perceived as low-cost financial tools but are very time consuming to build, operate and manage.

BudgetLogic is both easy to use and easy to learn. BudgetLogic’s built-in flexibility allows complex plans to be developed much faster.

Ease of Reporting

In spreadsheets you have to build each report. If you add new items you have to incorporate these changes into your report structure. Users will need to be proficient users in order to view and print reports.

BudgetLogic has a comprehensive series of professionally designed reports that are easy to print and distribute. Any changes made to line items are automatically incorporated into the reporting structure and into the reports themselves.

Comprehensive Financial Statements

Spreadsheets lend themselves to Income Statement Reporting. The Balance Sheet and Cash Flow are too often ignored.

BudgetLogic has a fully integrated Profit and Loss, Balance Sheet and Cash Flow

What-If’s

In spreadsheets it is difficult to track changes when doing what-if analysis.

BudgetLogic’s what-if module automatically tracks and reports changes.

Poor Data Integrity

Spreadsheets are often error prone. Coopers & Lybrand found that 90% of spreadsheets with > 150 rows had errors.

BudgetLogic has simple to use intuitive data entry screens. Only authorised personnel can access restricted items. It also has comprehensive reporting and scheduling of all accounts that provides a full audit trail.

Difficulty with Consolidations

In Spreadsheet Budgeting, Consolidation is achieved by using links or macros. This process is both slow and error prone.

The process of consolidation in BudgetLogic is fully automated and allows for the elimination of inter-company items. A full set of consolidated accounts is produced.

Security

Using a large spreadsheet model, it isn’t easy to protect sensitive data from being viewed.

BudgetLogic allows the full protection of selected data from users.