Jet Global 1

How accurate budgeting is the key to bottom line performance.

Practical and strategic decision-making hinge on having access to reliable and timely information. You need to trust that the figures reported are realistic and based on performance. Think about it. If you make an operational decision based on a budget with a line item miscalculation or underestimated cost assumption, you are gambling on performance. As fun as it is to roll the dice, that’s not something you want to do with net profit.

Accurate budgets allow management to make informed business investments that grow the business. With deep insight into your spending and cash flow, they play an even more critical role when economies contract and the businesses performance suffers.

As the baseline for your company’s performance, budgeting is a complex process with layers of contributors, iterations, and approvals. It involves every department within an organization, gathering revenue estimations, anticipated production material, and projected expenses to formulate a blueprint for your performance in the coming year. This workflow, where different components are managed by multiple stakeholders but controlled by the budget owner, can be challenging to maintain.

Most problems with budgeting accuracy arise because of the lack of controls in place throughout the budgeting workflow. From how a budget gets created to what tools are used, there are many steps in the process where discrepancies and errors can quickly occur. Here are three areas where budget accuracy is typically questioned:

  • Manual Processes: Human error is the number one reason behind data mistakes and miscalculations. On top of the fact you have between 5 to 15 individual budget contributors to organize and make sure they are inputting the right information.
  • Uncontrolled, Disparate Spreadsheets: It’s not the spreadsheet; it’s the lack of control over how many versions are created and where they are located that results in discrepancies and a lack of confidence in the reported figures.
  • Misleading Assumptions: The test of a budget’s accuracy occurs when actual financial results become available and can be compared to your projections. Large variances can mean severe cash flow shortfalls.

The bottom line is that you need to be able to trust your data and make decisions based on facts – not fiction. The best way to do this is by adopting a budgeting tool built to manage the budgeting workflow while providing the flexibility and accountability your team needs to deliver an accurate budget for the year.

And that’s where Jet Budgets was born.

If you’re a TES customer and would like your own personal demo please speak to your Account Manager. Otherwise you can give us a call on 0345 2571173 or send an email to enquiries@totalenterprisesolutions.co.uk

We’ve always been dedicated to data accuracy, and when our Microsoft Dynamics customers and partners told us there was no suitable budgeting solution for the small-to-medium business without excessive costs and complexity, we set out to change that. Before Jet Budgets, Excel was the only option.

Be Confident in your Numbers with Accurate Budgeting from Jet Budgets

Budgeting is pointless without confidence in your data – your Dynamics data specifically. We can help you produce highly accurate and realistic budgets with Jet Budgets, an easy-to-use fiscal planning solution that streamlines the budgeting process from Microsoft Dynamics Business Central, NAV, and GP data. As Excel-fanatics ourselves, we understand the importance of using a tool that is familiar to both controllers and department managers, so we built Jet Budgets with native Excel integration and an intuitive web portal.

With more control and communication, you can cut your budget exercise in half, improve financial performance, and make informed decisions based on accurate numbers. There are 3 ways where Jet Budgets does this:

  • Scheduled, automated workflows
  • Managed spreadsheets integrated with Dynamics ERP
  • Flexibility to reassess and adjust budgets to meet changing fiscal needs

It’s time to change the way you feel about fiscal planning. Jet Budgets offers you a simple way to manage spreadsheets, assign budgets, see the status, import into Dynamics, and report on actual-to-plan.

Contact us on enquiries@totalenterprisesolutions.co.uk to organise a free personalised webinar or you can call us on 0345 2571173

jet global

Meet the new Jet Global!

Jet Reports, developers of the most widely used reporting and analytics solutions for Microsoft Dynamics ERP, announces that effective today, their new corporate brand name will be Jet Global Data Technologies.

The upgrade in branding comes during a time of rapid change for both Jet Reports and the ERP market as a whole.

“The speed of development in technology isn’t slowing down,” says Joe Little, CEO of the new Jet Global. “as Microsoft pushes technology advancements, we push along with them. With the launch of Dynamics 365 and our continued jump into the cloud, it was clear that our product lineup went far beyond reporting. For years, we’ve helped people with their analytics, data management, and report portability, but that message was increasingly lost as we grew beyond our core reporting focus. Moreover, with the introduction of our new Jet Budgets product, we thought the time for re-invention was now.”

The Jet Reports name isn’t going away entirely, however.
The 219,150 users of Jet Reports will experience the same level of service and even more features and functionality now than ever before, and there will be no significant changes to the way Jet Global conducts business with its global partners and customers. Products are being enhanced and reimagined, and while there is no main product sunsetting on the horizon, a new product lineup is being rolled out to coincide with the rebranding.

Previous: Jet Reports Products                                                Now Jet Global Products 

Jet Professional                                                                                        Jet Reports

Jet Enterprise                                                                                           Jet Analytics

Jet Express for Excel                                                                               Jet Basics

The Jet Web Portal                                                                                   Jet Hub

(New)                                                                                                           Jet Budgets

 

“The market may have been stagnant around us for a few years because our products work so well, they almost forget we’re here,” says George Brown, VP of Sales and Marketing for Jet Global. “We started to look at who we are and what we want to do for our customers and realized that the Jet Reports name was selling our mission short. Our mission has always been to help customers access their data to make decisions that drive better business outcomes, and we do that with more than reporting. The rebrand was a huge undertaking for the entire team here, and we really considered what we wanted it to say about us. We realized that we love the Jet moniker, but felt limited by the reports component from a core delivery perspective. With the new Jet Global branding, we’re best able to help people understand how we can help them with total data access.”
Jet Global hopes the new company name and product branding will help more customers realize their data potential sooner and have a clearer understanding of how to make their Microsoft Dynamics ERP data work for them.
After 16 years of delivering unparalleled access to data through fast and flexible reporting and business analytics solutions that are cost-effective, provide rapid time-to-value, and are built specifically for the needs of Microsoft Dynamics ERP users, Jet Reports officially becomes Jet Global. With a renewed focus on the end-user, Jet Global promises to usher in the era of total data access on a global scale.

Jet Global will be at the TES Customer Day 2018! Confirm your place now if you haven’t already as we are nearly full.

If you would like to know more drop us an e-mail on enquiries@totalenterprisesolutions.co.uk or call us on 0345 257 1173

Hand with credit card, hand with receipt. Pay bills, payment

Expenses? There’s an App for that.

Submitting your expenses every month shouldn’t be time-consuming. Receipts are often lost, and accurately tracking mileage is time-consuming when you’re busy. With the Expense Management Add-On, you can easily manage all travel expenses. Log the expense from a receipt or your credit card, save it, and assign it to a job number, all from your mobile device.

From smartphone to Microsoft Dynamics NAV

Do it all from your phone. You and your employees download the App directly onto your iPhone, Windows Phone or Android Phone. Through the App, expenses, receipts and attachments are directly imported into Microsoft Dynamics NAV. One can follow the status of registered expenses: sent, approved or rejected. Receipts coming in through email are directly forwarded to Microsoft Dynamics NAV. This ensures that the accounting department is always on track with every expense.

 

 

 

 

 

Easy approval of payments

In Expense Management, you can import the bank account statements of all credit cards. These statements are automatically assigned to the registered receipts. The expenses can be approved by authorised staff through Microsoft Dynamics NAV. Reminders and reports to employees (e.g. ‘We are missing an attachment with that expense’) are pushed to them through the App.

 

 

 

 

 

Here’s why Expense Management saves you more than it costs:

· Easy-to-use App for iPhone, Windows Phone and Android Phone

· Expenses automatically exported to your Microsoft Dynamics NAV

· Complete control of approved and rejected expenses

· Mileage Registration

If you would like any further information about the Expense Management App, please do not hesitate to contact us.