Profit & Loss Variance Report for SaaS Companies using Dynamics 365 Business Central

    This article describes the Profit & Loss Variance Report that is included with Solver's SaaS model for users of the Microsoft Dynamics 365 Business Central ERP and Binary Stream's Subscription Billing Suite (SBS). It is part of a library of more than 150 ready-to-use reports, budget models and dashboard templates that Solver provides to SaaS companies as part of its cloud Corporate Performance Management (CPM) platform.

    Unlocking Financial Insight: The Power of Modern Profit & Loss Variance Reports in SaaS with Solver

    In the fast-paced realm of Software as a Service (SaaS), where decisions often hinge on the razor's edge, having real-time insights is paramount. Traditional methods, relying heavily on manual Excel spreadsheets, can impede growth and lead to delayed and erroneous decisions. This is where a robust Corporate Performance Management (CPM) solution, such as Solver, steps in, offering a suite of tools to streamline financial processes. In particular, the Profit & Loss (P&L) Variance Report emerges as a game-changer, providing CFOs and executives with an unparalleled advantage in steering their SaaS company towards success.

    Challenges Faced by SaaS Companies Without Modern P&L Variance Reports

    • Lack of Self-Service Analytics: The absence of intuitive, self-service Profit & Loss Variance Reports hampers the ability to promptly answer critical business questions related to revenue, gross margin, expenses, and profitability.
    • Over-Reliance on Manual Spreadsheets: Managing numerous manual Excel spreadsheets consumes valuable time and resources, creating room for errors and hindering agility in decision-making.
    • Too many reporting tools, none that provide top notch financial layouts and features: Finance and accounting staff struggle to satisfy their user's needs to analyze financials on their own, with drill-down and with professional and clear layouts. There are simply too many tools that are good in one or two areas (tabular layout, graphics, or advanced calculations and narratives) but few solutions do it all. That leaves the CFO and his/her team with a too much manual work between Excel, ERP report writers, PowerPoint and dashboard tools.

    Benefits of Implementing Modern Profit & Loss Variance Reports

    • On-Demand Insights: Solver's Profit & Loss Variance Report enables users to effortlessly access real-time insights, fostering quicker and more informed decision-making.
    • Detailed Variance Analysis: With both summary and General Ledger account-level analysis, the report empowers users to drill down into the numbers, eliminating the need to rely on accounting staff for explanations.
    • Automated Narrative Summary: The inclusion of an automatically generated narrative summary in plain English provides a comprehensive overview of key performance metrics, aiding in a quick grasp of financial health.
    • Graphical Variance Indicators: The inclusion of graphical variance indicators adds a visual layer to financial data, making it easier for managers to identify trends and outliers.

    About the Profit & Loss Variance Report

    This is a modern Profit & Loss report with expandable rows to drill into individual GL accounts. The report provides monthly actual, actual last year and budget figures and variances. It also shows Actual YTD + Budget for the rest of year with monthly detail and totals to see a calculated estimate of the full year. On the top of the report you find an automatically generated narrative that summarizes the key results.

    For this and many other ready-to-use templates from Solver, visit our web-site Marketplace page and download the free SaaS eBook.

    Profit & Loss Variance Report for SaaS Companies using Dynamics 365 Business CentralProfit & Loss Variance Report for Dynamics 365 Business Central - Pre-built SaaS Template from Solver

    Why Consider Solver's CPM Solution for Your Financial Reporting Needs

    Solver's CPM solution offers a holistic approach to financial reporting, analysis, and budgeting. The Profit & Loss Variance Report, alongside 150+ pre-built reports, dashboards, and budgeting templates, serves as a testament to the power and flexibility of this comprehensive solution. By addressing the pains of manual processes and providing a user-friendly, self-service platform, Solver empowers SaaS companies to enhance their financial acumen, reduce errors, and accelerate decision-making. In the ever-evolving landscape of SaaS, where agility and accuracy are the keys to success, Solver's CPM solution emerges as the strategic partner that can turn financial data into a competitive advantage.

    Resources for Additional SaaS Reports, Dashboards and Budget Models For more information about all the SaaS templates from Solver check out these resources:

    About Solver Solver is a global leader in Corporate Performance Management (CPM) and comes with out-of-the-box integrations to Microsoft Dynamics 365 Business Central and the Subscription Billing Suite from Binary Stream. Solver includes more than 150 reports, dashboards and budget templates for SaaS companies that provide in-depth analysis of subscription revenues, financials, human capital/payroll and CRM pipeline.