FastClose is an out of the box accounting reporting solution with a built-in understanding of the structure of SAP Business One. Whatsmore, it installs and can be delivering reports against your own data in under 40 minutes.
It’s interface is geared towards accountants, who know what they need but may not know their way around the ERP database. FastClose allows them to design and build complex reports to their exacting needs, without any help from IT!
Your monthly management report can be specifically designed to meet the needs of your business. It’s crucial for your managers to understand how all areas are contributing to the bottom line, and where it can be changed in order to improve it.
The monthly management report is only useful when it contains the right data so you can take appropriate action. Managing the budgets and forecasts in SAP Business One and using FastClose to analyse financial metrics will give you a new dimension in both the medium and long term planning of your business.
The templates in FastClose will help you to structure the information you need in order to analyse, adjust, and produce your board packs. Therefore, you can make timely and relevant decisions about the financial performance of your business, all within just a few days of the month end.
Full control of your design
Add custom calculations which work across multiple measures (actuals, budgets, forecasts, etc) as soon as the calculation is defined, nesting multiple measures under a calculation. Use ranges and financial periods to automatically create columns with drill down to details that are defined by the user.
Define your own hierarchies
Report writers and Business Intelligence tools allow you to add columns and calculations for columns, but not design the report content down the page in terms of rows, account groupings, subtotals, etc. This is essential for financial reporting. With FastClose you can work with your existing chart of accounts, or re-map your COA into your management reporting structures.
So, how does FastClose actually solve problems and create value? FastClose uses easily-modified, predefined reporting templates which allow you to drill into the underlying detail, or related sub-ledgers. This means you can follow the money and the story of its flow in seconds.
Most accountants fall back on Excel because that’s what they know. However, FastClose is easy to use so Financial Reports can be built in minutes. Users don’t need to know anything about tables, or inner or outer joins as all the heavy lifting is done under the covers. Indeed, the key to FastClose is how it hides the complexity of tables and joins so that non-technical people can build the reports they need: General Ledger, Accounts Receivable, Sales Order Processing, Accounts Payable, Purchase Order Processing.
Dave Worsman Managing Director of Ochiba says “FastClose provides a host of fantastic features and has revolutionised the financial management of our company. It provides a huge number of additional benefits for financial directors, controllers and department managers.”
5 Hazel Court
Barlborough Links Office Park
Tel: +44 (0) 114 299 9430