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Budgeting in Power BI.
Simplified.

Perform top-down budgeting with allocations and distributions

Create a budget using a blank template

Start with a blank template and input your budget (Zero-based budgeting)

Create a budget based on prior period performance

Use prior period data to create a budget, and make further enhancements

Enable top-down budgeting and allocations

Enter budgets at the top / intermediate levels and allocate to descendants

Add additional fields to your budget template

Add comment, drop-down, date & user fields to your budget template

Capture budget data from multiple users

Allow multiple users to enter budget data for items they own

Enter budget data in Power BI reading view

You can capture budgets in reading view from multiple users

Comment & Converse

Add cell, row & column-level comments; Initiate cell-level conversations with notifications

Lock values

Lock / unlock specific cells and data ranges from editing; lock entire hierarchy branches

Write back & save budgets

Write to Fabric , DataVerse, Azure, Snowflake, OneDrive, SharePoint and many other destinations

Budgeting in Power BI.
Simplified.

Perform top-down budgeting with allocations and distributions

Create a budget using a blank template

Start with a blank template and input your budget (Zero-based budgeting)

Create a budget based on prior period performance

Use prior period data to create a budget, and make further enhancements

Enable top-down budgeting and allocations

Enter budgets at the top / intermediate levels and allocate to descendants

Add additional fields to your budget template

Add comment, drop-down, date & user fields to your budget template

Capture budget data from multiple users

Allow multiple users to enter budget data for items they own

Enter budget data in Power BI reading view

You can capture budgets in reading view from multiple users

Comment & Converse

Add cell, row & column-level comments; Initiate cell-level conversations with notifications

Lock values

Lock / unlock specific cells and data ranges from editing; lock entire hierarchy branches

Write back & save budgets

Write to Fabric , DataVerse, Azure, Snowflake, OneDrive, SharePoint and many other destinations

Options for Budgeting in Power BI

Power BI (and many other reporting tools such as Tableau, Qlik, Spotfire, Cognos, etc) do not provide any out-of-the-box functionality for budgeting. Only SAP Analytics Cloud and Oracle EPM offer built-in reporting + budgeting capabilities on the same platform, but such implementations come with huge consulting and maintenance efforts (and dollars). For this reason, almost all small & medium businesses, and a considerable number of large enterprises, rely only on Excel for budgeting.

Organizations looking to implement a budgeting solution in Power BI have two major options:

If they need a simple, user-friendly, IT-independent solution that does not require a backend infrastructure for running a database, server or service, they can use Inforiver Matrix (standalone) on Power BI. The budgets created in this case are stored as part of the .pbix file itself. The solution is 100% Power BI Certified.

Companies looking to implement a budgeting solution with writeback capability need backend infrastructure (mainly, a database, along writeback & other services). They have three options:

  1. Use Inforiver Enterprise on Power BI
  2. Implement a native PowerApps solution and integrate that inside the Power BI report.
  3. Leverage a third party visual based solution (other than Inforiver)

Note that the last two options (PowerApps or other third-party visuals) are IT-centric implementations in nature. They require you to work with IT to create database schema and tables. These solutions are rigid given that changes to the budget templates (e.g., adding a new column) are effort intensive – mandating changes at all layers. Any changes will also require the reports to be republished.

The first option - Inforiver Enterprise on Power BI – does not come with these constraints. You can deploy a business-friendly, robust, and yet flexible writeback solution that has minimal dependencies on IT. Changes to budget templates such as adding a new measure or column can be done at run time (reading view), and Inforiver will automatically detect the change and update the backend schema. You can create new budget templates from Power BI without even having to create a corresponding backend table – Inforiver will create a database table for you automatically.

Read More
Budgeting Options in Power BI

Featured blogs

budget-forecast-comparison-blog-thumbnailhow-to-allocate-budgets-powerbiBuild-a-monthly-focast-budget

How Inforiver unlocks powerful Budgeting capabilities in Power BI

1. Create a budget using a blank template

Start with a blank template and input your budget (Zero-based budgeting)

Create a budget using a blank template

2. Create a budget based on prior period performance

Use prior period data to create a budget, and make further enhancements

Create a budget based on prior period performance

3. Perform top-down budgeting with allocations and distributions

Enter budgets at the top level and distribute them across descendants (departments, teams, geographies, months etc.)

Perform top-down budgeting with allocations and distributions

4. Add additional fields to your budget template

Add comment, dropdown, date & user fields to your budget template

Add additional fields to your budget template

5. Allocate based on prior performance or drivers

Allocate budgets and projections based on past performance or value drivers

Allocate based on prior performance or drivers

6. Enter budgets in Power BI reading view

Capture budgets from multiple users in reading view

Enter budgets in Power BI reading view

7. Add notes & comments; Initiate threaded conversations with replies and notifications

Add cell, row & column-level comments; Initiate cell-level threaded conversations with notifications

Add notes and comments Initiate threaded conversations with replies and notifications

8. Lock/Unlock cells, cell ranges, and hierarchies from editing

Lock forecasts or budgets for specific categories (years, geographies, months) and disable editing; supports locking specific cells and entire hierarchy branches

Lock:Unlock cells, cell ranges, and hierarchies from editing

9. Write back and save budgets to a destination of your choice

Write data back to a destination of your choice; supports Fabric Lakehouse/ Datawarehouse, DataVerse, Azure, Snowflake, OneDrive, SharePoint and more

Write back and save budgets to a destination of your choice

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Inforiver
About Inforiver!
Inforiver is the fastest way to do everything in Power BI. It enables citizen developer productivity and unleashes true self-service with our intuitive and interactive no-code data app suite for Microsoft Power BI. The product is developed by Lumel Technologies Inc, who are #1 Power BI Visuals AppSource Partner serving over 3,000+ customers worldwide with their xViz, Inforiver, and ValQ offerings.
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Power BI certified

About Inforiver!

Inforiver is the fastest way to do everything in Power BI. It enables citizen developer productivity and unleashes true self-service with our intuitive and interactive no-code data app suite for Microsoft Power BI. The product is developed by Lumel Technologies Inc, who are #1 Power BI Visuals AppSource Partner serving over 3,000+ customers worldwide with their xViz, Inforiver, and ValQ offerings.

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