Managing financial data is a core part of running any business, but the tools we rely on often don’t go beyond simple number-crunching. Many organizations spend countless resources maintaining their accounting systems and building budgets, yet these efforts rarely improve collaboration or strategic planning, instead, they’re just checking the box. CommonThread’s Financial Tools change that by integrating seamlessly with platforms like QuickBooks, Great Plains, and Sage. We make your financial data work harder for you, enhancing processes like budgeting, variance reporting, forecasting, and tracking key performance indicators (KPIs).
CommonThread’s Financial Tools are designed to bridge the gap between raw data and action. By connecting your existing accounting platform to a dynamic system, CommonThread allows you to use your financial data in new ways, building stronger team collaboration and making strategic planning easier.
If you’re already maintaining a General Ledger (GL), it’s time to get more out of it. CommonThread’s integration engine pulls data directly from your Chart of Accounts and GL, making it securely accessible to your team, with variable security settings so each employee can see the data they need and nothing they don’t.. Whether you use QuickBooks, Great Plains, Sage, or another platform, we have the experience and flexibility to integrate seamlessly. You can connect via API for a fully automated process or use our CSV option for a quick, easy setup. Either way, you’ll have the data you need at your fingertips—ready to drive smarter decisions.
Most accounting systems offer only basic reporting, leaving you to dig through spreadsheets for insights. CommonThread’s Financial Tools let you visualize your financial data with dynamic charts, summary reports, and interactive dashboards. Whether you need a profit and loss statement, cash flow analysis, or a detailed balance sheet, our tools make financial reporting clearer and more engaging. You can even export reports for partners or other platforms, ensuring your data stays connected wherever it’s needed.
Budgeting is often a time-consuming and frustrating process. CommonThread’s Financial Tools simplify this with an intuitive, collaborative platform that makes it easy to build, review, and approve budgets. You can assign specific GL accounts and KPIs to different departments, ensuring teams only see the data relevant to them. Our workflow tools and rapid data entry grids speed up the annual budgeting process, while links to past performance provide valuable insights that lead to better decision-making.
Understanding how actual performance compares to your budget is crucial for staying on track. With CommonThread, you can set variance thresholds for GL accounts and KPIs, allowing you to track and respond to variances as they occur. Our data entry grids make it easy to provide feedback, and you can apply unique variance rules to all your financial reports so that you are able to quickly and accurately visualize the state of your organization. By catching issues early, you can take proactive steps to keep your business moving forward.
Business conditions change, and it’s important to adjust forecasts to reflect those shifts. CommonThread’s forecasting tools let you quickly adjust projections based on current and expected performance, helping you allocate resources more effectively. Whether it’s monitoring revenue or expenses as they unfold, our tools give you the visibility needed to make proactive, informed decisions and guide your team with confidence.
Ready to Get Started?
CommonThread makes it easy to connect your financial systems and start using your data in ways that go beyond basic accounting. Whether you’re looking to streamline budgeting, visualize your financial health, or improve your strategic planning, our tools are designed to work with you—wherever you are in your journey.
