Sharpen Your Axe with the Perfect Budgeting & Forecasting Solution

There is a small number of people who actually enjoy taking part in the budgeting process eachaxe year, and we aren’t all lucky to have one of them at our company. I feel pretty comfortable assuming that budgeting is one of the most tedious, and potentially risky, tasks we do to keep our businesses competitive and running smoothly. Efficiency is the key to success for your organization.  It was Abraham Lincoln who said, “If I had six hours to chop down a tree, I’d spend the first four hours sharpening the axe.” Everyone knows Excel; Excel spreadsheets have been popular for decades, and still are, but they can be a nightmare with any healthy-sized company. It can get complicated to consolidate multiple spreadsheets, share documents with different people, and handle numbers manually.

Many companies even have to begin the budgeting process way before the year’s end, resulting in more risk when estimating the budget, possible error and more importantly, misappropriated time. Extra time spent on the budgeting process is time that can be invested in improving other aspects of your company. So, how do you find that extra time, eliminate errors, and give everyone something to love about budgeting? Budgeting and forecasting software that accelerates and enhances the way you use excel spreadsheets.

When you implement a budgeting and forecasting solution you empower your employees to provide more value to the business with insightful analysis. Eliminate personal fatigue and bring more control to what is often a chaotic process. 9Dots does all of these things, and delivers them within that Excel interface you are familiar with. Sharpen your axe with a set of tools built right into Excel, flexibility to match the process to your business, and high user adoption. Why exhaust yourself spending six hours chopping down a tree, when you really only have to spend two?

Unconventional Wisdom

“The box, with its implications of rigidity and square-ness, symbolizes constrained and unimaginative thinking.” (Gary Martin)

As you can see from the home page of our website, the 9Dots slogan is “Decidedly Different Business Intelligence Solutions.” We don’t define our business using “Decidedly Different” because we love phonetics and tongue twisters. We chose it because we are. My last post explained the difference between Business Intelligence and Business AnalytiEinstein: Out of Boxcs. I explained that 9Dots is different because we solve problems using both terms; we analyze the past and anticipate the future. But, deeper than that, is the reason for our name. We are decidedly different because we think outside of the box.

To think outside of the box is to think creatively, differently and from a new perspective in order to solve problems.  The Nine Dots Puzzle, originated and written into Sam Loyd’s 1914 Cyclopedia of Puzzles, poses the challenge to connect the nine dots using four or less straight lines, never lifting the pencil from the paper. The puzzle is best solved by thinking outside of the restrictions of the box shape.

The term “thinking outside of the box” was coined by psychologist and inventor, Edward De Bono, in 1967 and used by management consultants to kick-start creative thinking in the 1970s. Like the corporate culture of the 1970s who brought this term to life, 9Dots Management Corp, LLC.  encourages unconventional thinking to generate decidedly different business intelligence strategies for breakout results.

Yes, we use Business Intelligence and Business Analytics to solve problems, but it’s the way we think that makes us stand out from the rest. There is a box filled with Business Intelligence companies, but outside of that box is where you find creativity, dedication and 9Dots.

 

 

Business Intelligence vs. Business Analytics: Why is it important for you to understand the difference?

Business Intelligence and Business Analytics are two relevant terms used when you are trying to understand a problem within your business. Both involve data and both are valuable to a company’s success. There is a lot of diversity in defining these terms, but there is a reason that the number of Google searches for “business analytics” has skyrocketed in comparison to “business intelligence” in the last ten years.

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At 9Dots, we find both terms important because we are expert problem solvers and these functions allow us to do just that. Business Intelligence is very much focused on the data that is pulled from the past. Trends and historical data from past decisions and actions are cataloged, analyzed and used to set goals for the future.

Business Analytics has become increasingly more important as technology and software become rapidly more competitive and necessary. Data is pulled from every possible location, and also has predictive capabilities. Business Analytics uses multiple algorithms and statistical analysis to yield insight into the future allowing the possibility to make a change before a problem occurs.

We won’t choose one term over another in this instance, but I find the distinction worth mentioning. Both are different, and both are equal in importance. We just want to make it clear that we don’t only focus on the past to solve our client’s problems and make sure their businesses grow. We analyze the past, and anticipate the future.