Financial Driver takes spreadsheets to the next level
According to Gartner, the world’s leading information technology research and advisory company, business users are often frustrated by the deployment cycles, costs, complicated upgrade processes, and IT infrastructure demanded by on-premise business intelligence solutions.
To specialist UK financial software developers, Financial Driver (www.financialdriver.com), the announcement is not news. Developers at Financial Driver identified many moons ago, that companies in the throes of challenging economic times are reluctant to jump ship and invest in costly, disruptive and time/personnel consuming new technologies.
To help organisations that use spreadsheets for their planning and reporting needs, Financial Driver has developed an on-line solution designed to maximise the potential of the traditional spreadsheet. Through a modern planning and reporting interface that automates the collection of budgets and forecasts, the process simply taps into business information already up and running in different spreadsheets. It was designed and developed by accountants for accountants.
By offering the software as a cloud-based solution, Financial Driver has already addressed the key issues of cost, deployment and upgrades as identified by Gartner for the adoption of a cloud/SaaS offering.
First, the Financial Driver model is cloud-based. This has several key advantages to any organisation considering investing in a new solution:
- No up-front charges. The purchase can be expensed rather than capitalised on the balance sheet
- No maintenance, hardware or up-grade costs
- Intuitive system keeps down training costs
- Single monthly fee covers all. Far more competitive than comparative solutions.
Second time to value; Financial Driver can be installed and fully operational within a day. Financial Driver is a solution that requires minimal configuration. No macros to write, no language to learn, no menu systems to create. No disruption to the existing enterprise. End users require very little training and can enter data within minutes of going live.
Third, security; at the heart of the Financial Driver model is a modern, centralised multi-dimensional database that stores actual, budget and forecast data in a secure environment. The Financial Driver solution provides the idea platform for organisations looking to move away from using spreadsheets to collect and consolidate data, and work towards more collaborative financial information. It is the lower-cost easier to deploy alternative to other business intelligence systems.
Financial Driver is a low-cost, low-risk hosted application that automates the collection of budgets and forecasts in small and medium sized organisations and eradicates the time consuming task of distributing, collecting and consolidating individual spreadsheets.
Developed by UK accountants, Financial Driver handles the consolidation of financial statements involving multi-currencies to International Accounting Standards and provides secure access to a single version of data and results that span multiple years for analysis and reporting. It represents a viable and cost effective option for companies looking to develop advanced budgeting, forecasting and reporting functionality.