Running SAP Business One and still using excel for Financial and Management Reporting? It’s time to take a look at FastClose!
FastClose is out-of-the-box accounting reporting with a built-in understanding of SAP Business One. Which means it installs and can be delivering reports against your own data in under 40 minutes.
It’s been created for accountants who know what they need but not how to get the information out of the system. FastClose will helps you design and build complex reports to get the data you want, without any help from IT!
With FastClose accounting software, your monthly management report can be specifically designed to meet the needs of your business. So, everyone can understand how each area is contributing to the bottom line and where changes can be made for improvement.
By using FastClose, managing your budgets and forecasts in SAP Business One becomes simple. In fact, it will give a whole 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 reports. So, you can make timely and relevant decisions about the financial performance of your business. And, all this is possible within just a few days!
Any data Anywhere – Unleash the connections in your database, placing dimensions into rows and columns as needed to bring the numbers to life, consolidating or slicing to find the right level of detail.
Formatting – Format your reports to find the right look and feel. Apply conditional formats to highlight issues in your business as they breach thresholds.
Totalling – Apply subtotalling to as many dimensions as necessary, as well as grand totals in both rows and columns.
Variables – Create variables to build reports that are easy to maintain, for example reports that update their view as each month and year passes, automatically. Use variables to inject other data such as exchange rates or balances held outside the database.
Multi-Database – Query and combine data from multiple epicor instances in a single report.
Captions – Change the caption for any dimension, item or column in the system to get your report looking exactly as you want it. Hide unused dimensions and items altogether to declutter the design and usage experience.
Hierarchies – Create hierarchies in any dimension such as a Chart of Accounts complete with calculated KPI’s or an organisational structure. Import existing hierarchies from your database.
Ranges and Wildcards – Ranges and Wildcards make report building fast and make them easier to maintain as your database changes over time.
Multi-Threaded – A multi-threaded user interface means that not only can you be working with many reports at once, you can even continue working with a report whilst another really large one, is executing.
Drill Sideways – Surf the data, drilling from one report to related reports following the number trail, gaining insight into how your business works like never before.
Calculations – With the powerful calculation engine complex cross dimensional and conditional calculations are possible to make almost any KPI possible.
Notes – Keep usage notes with your reports to help consumers as they use them or implementation notes to make maintenance when you revisit them, simpler.
Bucketing – Value add features such as “Bucketing” allow data to be dropped into buckets defined by data ranges, making Aged Debt reports a breeze.
Export – Export reports to Excel, Json or XML
So, how does FastClose accounting software actually solve problems and create value?
FastClose uses easily-modified, predefined reporting templates that 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, because FastClose is so easy to use Financial Reports can be built in minutes. Plus, you don’t need to know anything about tables, or inner or outer joins as all this is taken care of for you. In fact, the key to FastClose is how it hides the complexity of tables and joins so that anyone can build the reports they need.
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.”
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