Limelight is a web-based budgeting, forecasting and reporting platform that enables users to upload important financial information to the cloud. Having this data stored online makes it easier to share data and files across teams. The solution works in real-time to provide accurate and timely insights, making it easier to adjust your budgets accordingly without delay.
This solution is primarily catered to businesses and industries under the manufacturing, higher education, telecommunication, healthcare and insurance sectors. As such, it can be a good fit for users who require an advanced system to deal with tremendous amounts of paperwork and spreadsheets. With Limelight, people can now manage orders, monitor transactions, track billing and payments and generate reports.
Overall, Limelight lets business owners deploy and manage their online books more efficiently. Having an online-based solution makes it easier to disseminate files and update information regularly. Additionally, it makes your finances accessible anywhere and anytime. It improves productivity and collaboration within the workforce, which is an asset to have for any type of business.
Limelight Features
Budgeting
Limelight offers integrated planning, budgeting and forecasting capabilities. These tools are joined in a single, centralized location, which makes it easier for your whole team to work on your financial and operational data. As such, collaboration and productivity can steadily increase. With Limelight, you can also expect additional sub-features such as expense and revenue planning, rolling forecasts and cash flow overviews.
The system also enables users to create unlimited versions of expense and revenue plans. The different versions assist in identifying what changes have been made during a specific period. You can also apply drivers and instantly compare results with these versions.
You can also have rolling forecasts as additional tools in your arsenal. They help in letting you know about your expected results and the actual outcome of critical business decisions. You can dynamically re-forecast your financial planning based on several periods.
Lastly, you can monitor your cash flow closely. This is done through automated calculations made via direct links to your Balance Sheet and P&L. Overall, you can track the amount of cash coming in and out of the business. This drastically improves your ability to manage budgets, sales and operating plans.
Workforce planning
Another feature you can expect from Limelight is workforce planning. This helps in integrating your Payroll and HR systems, reducing the time usually needed in automatically calculating taxes, bonuses and benefits. With this feature, you can understand why workforce gaps exist and what you can do to close the said gaps. You can also capture personnel costs based on drivers.
Under this feature, you’ll find tools designed to help in headcount management, resource capacity planning and workforce optimization. Limelight understands the importance of ensuring there isn’t a gap between an employee’s salary and the hours they’ve worked for. Because of this, it provides businesses a reliable platform where managers and HR workers can track the workforce to ensure your resource pool is balanced and optimized.
Sales commissions
With automated sales commissions, you can manage several aspects all at once. This includes multi-tier plans, evenly distributed reports and bonus calculations. Limelight provides an interactive dashboard where users can easily see details such as quota attainment, period payout, profiles and team rankings.
This assists managers in keeping their sales teams motivated, paying your commissions on time and maximizing sales performance at the end of the day.
Reporting and analysis
Limelight lets you generate your own reports, ensuring your documents have details you want to be included. This lets you incorporate details such as balance sheets, cash flow statements, customer analysis, variance analysis and KPI reports. Users aren’t limited to reports as they can personalize dashboards and ad-hoc queries.
You can also expect interactive data visualizations, accessible reports and presentation-ready data. This is made available by Limelight Docs, which is said to combine data and narrative through a seamless connection. It works like Google Docs, allowing team members to collaborate and contribute with creating annual reports, budget books and more.
Limelight Benefits
All-in-one financial platform
Limelight’s entire solution is centered around the need to provide an accessible platform where you can do all the basics of financial management. It offers a multitude of tools for you to collaborate with your team, such as commenting features and data lineage where people can plan together in Limelight Docs. Users don’t have to switch between several applications and platforms as everything you need in financial management can be found within Limelight.
Easy-to-navigate interface
Several reviews have stated that Limelight’s entire interface is easy-to-navigate and familiar, which can make it simple to generate proper visualizations for their data. You can create, administer and maintain all aspects and functions from a single, centralized location. You can also view your data through several graphical representations, such as pie charts, bar graphs and line graphs.
Limelight offers an intuitive workflow and a smart design where you can navigate through your data and use powerful tools for creating reports and collaborating with your team members. Its dashboard lets you personalize your homepage according to the data you want to see. Graphs, charts, corporate logos and reports are a few key examples of information you need to digest at a quick glance.
Faster reporting method
Not only are you given a platform where you can generate your own files and documents, but you can also decide what to generate in the first place. Since it works in real-time, you can expect accurate results that keep your sales team updated. Limelight also gives you several exporting options, such as Excel sheets or PDF files.
Limelight Pricing
Limelight does not publicly provide their pricing packages. Their quotations are specifically personalized to the requirements of your business. This means the price varies according to the features you want to be implemented in your system. Limelight does not have a free trial, however, users can apply for a demo plan where they can navigate through the solution and test out the features. To try its demo version or to get a quotation, all you must do is contact Limelight through its email or phone number, as found on its official site.
Conclusion
If you’re looking for a reliable and accurate web-based solution to assist in forecasting, reporting and budgeting, then Limelight can be a powerful tool to have as part of your daily operations. It’s a modern platform, which means you’ll get to experience a suite of powerful features and practical tools designed around achieving a helpful financial management solution.
Being subscribed to Limelight ensures you’ll get to deliver one accurate version of your information, create forecasts 25% faster and provide real-time reporting and analytics. Overall, financial and operational data is consolidated, making it easier for managers to identify profitable employee groups, update employee headcount and provide access to automated sales commissions.
