insightsoftware lately bought Energy ON, a software that sits on prime of Energy BI and means that you can do your planning through write-back all in the identical platform. On August 30, insightsoftware’s Dylan Chapman sat down with the FP&A Man Paul Barnhurst on LinkedIn Reside to debate how Energy ON will help you employ Energy BI as an built-in planning software.

Fast Speaker Background

After greater than 12 years in monetary planning and evaluation, Paul Barnhurst created The FP&A Man web site to be a useful resource for monetary planning and evaluation professionals. From consulting companies to skill-building programs to the FP&A At present podcast, monetary planning and evaluation professionals can flip to Barnhurst for quite a lot of studying instruments and sources to boost your profession success.

As a worldwide chief in monetary software program options, insightsoftware acquired Energy ON to boost Energy BI and supply customers with a greater monetary planning possibility. Dylan Chapman got here to insightsoftware from Energy ON and has been working in and round Energy BI options for over six years. Energy ON supercharges Energy BI with planning and write-back capabilities, giving customers the ability of real-time collaborative information assortment, forecasting, commenting, and what-if situation modeling proper in Energy BI.

How Energy ON Turns Energy BI right into a Planning Software

Paul kicked off the dialog by asking Dylan among the predominant causes that you could be need to incorporate planning right into a reporting software like Energy BI versus having a BI stack and a separate planning software, as most organizations do. What’s the advantage of integrating the 2?

As Dylan famous in his response, integrating planning into Energy BI simply makes your life simpler. Should you’re reporting in your actuals, you’ll need to see the comparability to what you’re presently engaged on – which implies you’ll be working with a number of totally different instruments to perform that objective.

Continuously transferring backwards and forwards between totally different instruments is not only aggravating and tedious, however it additionally leaves you liable to information errors. Energy ON means that you can do all the things in a single central location, simplifying and streamlining your planning processes.

Because the dialogue continued, Dylan famous that planning software implementations can carry quite a lot of threat, reminiscent of how nicely customizations and configurations work, and whether or not your customers can turn into self-sufficient with the brand new software. Even when the implementation goes nicely, individuals will naturally resist change. It’s not simple to select up what you’re doing right this moment and transfer to a brand new system.

However including Energy ON to your Energy BI means that you can add capabilities with out the ache of adjusting ecosystems. Its Excel-like interface means that you can construct in your present skillset to ship excellent ends in an already-familiar setting. With Energy ON, you get the affect of change with out the complications.

Transferring alongside, Paul requested Dylan the way it felt to come back to insightsoftware by way of the acquisition of Energy ON. What affect did the merger have on Energy ON and its customers? Dylan famous that the acquisition has been extraordinarily affirming to Energy ON; it was a testomony to the worth and potential that including write-back to Energy BI brings.

Transferring forwards, present and future clients can count on elevated enablement help and product improvement, in addition to entry to quite a lot of different insightsoftware instruments that wouldn’t have in any other case been accessible to them.

Rework Energy BI right into a Full Planning, Forecasting, and Collaboration Answer

As Paul and Dylan continued, write-back capabilities took middle stage. Paul predicted in January 2023 that monetary planning professionals might look ahead to seeing a rise in BI write-back instruments that will let you see your information in a single single supply of reality, and Energy ON actually delivers.

With Energy ON’s write-back capabilities, you not should drudge by way of a number of steps of study in Energy BI, then export to Excel to do what-if evaluation, commentary, and so on. You possibly can analyze information, and instantly enter, edit, copy/paste, filter, slice, and even format instantly in Energy BI. Energy ON boasts best-in-class options that will let you work in Energy BI such as you do in Excel. You get the flexibleness of an Excel spreadsheet and the total may of Energy BI.

Flip Energy BI right into a planning and evaluation powerhouse with Energy ON.

• Analyze and Mannequin – Take evaluation to the subsequent stage. No extra export to spreadsheet required! Evaluation and what-if situation planning are unified in a single place inside Energy BI.
• Construct and Plan – Assemble your information for planning, generate eventualities, and allow write-back. Add Drivers, KPIs, and approval workflow to additional streamline your most crucial information assortment processes.
• Share and Collaborate – Join resolution makers throughout the enterprise to research and plan in Energy BI utilizing the Excel options they know. Leverage present safety and multi-user fashions to leap proper in with confidence.
• Determine and Act – Take motion inside Energy BI, proper the place you analyze, mannequin, plan, and collaborate. You’ll deliver choices and actions to life sooner that maximize affect and drive actual outcomes.

Because the dialog turned to sensible questions on Energy ON’s performance, Dylan demonstrated how you should utilize the software program for write-back, situation planning, rolling forecasts, sensitivity evaluation, and extra inside Energy BI. Paul and Dylan wrapped their dialogue by highlighting how Energy ON permits Energy BI customers to keep away from the pitfalls of planning with disconnected instruments and information sources, reminiscent of siloed and inaccurate information, an absence of transparency and accountability, and lengthy planning cycles.

Obtain our informative brochure to be taught extra about how Energy ON means that you can join your information sources, create dynamic fashions, and collaborate in real-time inside Energy BI.

Supercharge Energy BI with Planning and Writeback

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