Key Takeaways: Keel & Company presents: Budgeting, Reporting & Forecasting with Martus

Executive Summary

The webinar highlighted the benefits of Martus, a budgeting tool that is easy to adopt, affordable, and delivers immediate results. Jennifer Bonenfant from Keel and Company emphasized how Martus has helped their clients streamline budgeting processes, eliminate the need for Excel spreadsheets, and improve user experience across organizations. Martus offers predefined dashboards, seamless integration with various accounting solutions, and robust personnel budgeting features. The tool also provides special purpose worksheets for targeted budgeting and allows for detailed control over user roles and access. Martus is praised for its simplicity, ease of use, and competitive pricing, including nonprofit discounts. The presentation concluded with a live demo showcasing Martus's functionality and user-friendly interface.

Speakers

• Jennifer Bonenfant, MBA, CPA, Practice Manager, Keel & Company, LLC
• Chris Grady, Head of Partnerships, Martus Solutions

Key Takeaways

1. Seamless Budgeting Processes: Martus offers seamless and streamlined budgeting processes that eliminate the need for Excel spreadsheets, making it easy to adopt and delivering immediate results.

2. Predefined Dashboards Available: The platform includes predefined dashboards and reports, such as income statements, that are automatically available from day one, enhancing user experience and efficiency.

3. Integrates Multiple Solutions: Martus integrates with over 20 solutions, including Business Central, Sage Intact, and GP, ensuring compatibility with various accounting systems.

4. Detailed Personnel Budgeting: The personnel budgeting feature allows for detailed tracking of payroll and benefits, with options to manage sensitive data and control user access based on roles.

5. Nonprofit Pricing Benefits: Martus provides nonprofit pricing, helping organizations manage their programs effectively while being good stewards of their funding.

Key Quote

As a partner of Martus, we have really seen our customers thrive in using it and adopting it across their organizations. It's a really powerful tool that's easy to adopt, affordable and delivers immediate results once you implement it.

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FAQs: Keel & Company presents: Budgeting, Reporting & Forecasting with Martus

Blog: Optimizing Budgeting and Reporting with Martus

Effective budgeting and financial planning are critical for sustainable growth and operational efficiency. Martus streamlines these processes with a user-friendly interface and robust functionalities tailored to diverse organizational needs. It integrates seamlessly with various accounting solutions, eliminating cumbersome Excel spreadsheets and providing real-time insights through predefined dashboards and reports. Martus offers comprehensive functionalities for monthly allocations to personnel budgeting, making it an indispensable asset for optimizing financial resources and achieving strategic goals.

Efficient Budgeting and Reporting with Martus

Martus streamlines budgeting with intuitive worksheets that resemble Excel, enabling easy adoption across departments without extensive training. These collaborative worksheets support detailed planning by allowing users to add notes, attach documents, and perform calculations directly within the platform, centralizing all budget-related information for enhanced accuracy and accessibility.

Martus excels in handling sensitive data like payroll and benefits budgeting with precision and security. It supports budgeting based on roles or individual employees, capturing all associated costs and benefits, which is particularly beneficial for organizations with complex payroll structures. Workflow controls and approval routing ensure that sensitive information is secure and accessible only to authorized personnel.

Real-time reporting and analytics are crucial for informed decision-making, and Martus provides a variety of predefined dashboards and reports from day one. These reports can be customized based on user roles, enhancing transparency and enabling granular analysis. Managers can monitor their department's financial performance and make data-driven decisions effectively.

Martus supports integration with over 20 accounting solutions, including Business Central, Sage Intact, and GP, allowing seamless incorporation into existing financial systems. This integration streamlines data flow and ensures up-to-date and accurate financial information, enhancing the reliability of budgeting and reporting processes.

Martus also allows budget allocation across different periods, such as monthly, biannual, or quarterly, tailored to performance metrics and specific needs. Users can preview and adjust these allocations to align with organizational goals, providing visibility to all stakeholders and enhancing transparency and collaboration in the budgeting process.

Advanced Budgeting with Martus

Martus excels in handling special purpose worksheets that incorporate business intelligence and specific organizational needs into the budget. These worksheets include target-based budgeting, activity-based budgeting, and other specialized calculations beyond standard ledger entries. By leveraging these worksheets, organizations achieve more accurate and relevant budget values, reflecting real-world scenarios and strategic objectives. The ease of use and familiar interface of Martus ensures efficient management without extensive training or technical expertise.

Martus also demonstrates its value in personnel budgeting. The tool allows detailed tracking and allocation of employee-related costs, including salaries, benefits, and other compensations. Users can define various pay types, assign coverages, and update amounts while maintaining integration with the payroll system. This functionality benefits organizations with complex staffing structures by enabling precise budgeting for different departments and positions. The ability to import data and create scenarios enhances the flexibility and accuracy of personnel budgeting.

Martus offers a comprehensive solution for organizations looking to enhance their budgeting and financial planning processes. Its user-friendly interface, robust functionalities, and seamless integration capabilities make it an ideal tool for organizations of all sizes. The platform eliminates inefficiencies associated with traditional budgeting methods, provides real-time insights into financial performance, and supports informed decision-making. Additionally, Martus handles sensitive data securely and delivers detailed reporting, making it a valuable investment for achieving financial excellence. The advanced features, such as special purpose worksheets and personnel budgeting, cater to unique organizational needs while improving collaboration and transparency.