According to Gartner, the analyst, business users are often frustrated by the deployment cycles, costs, complicated upgrade processes, and IT infrastructure demanded by on-premise business intelligence solutions. 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.
By offering the software as a cloud-based solution, Financial Driver says it has already addressed the key issues of cost, deployment and upgrades as identified by Gartner for the adoption of a cloud/SaaS offering. 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.
Financial Driver says that as its model is cloud-based it has several key advantages to any organisation considering investing in a new solution. Firstly, no up-front charges and second is the time to value. Financial Driver, which was launched in the UK last year, says its solution 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,” said the company.