Financial information is crucial for your business survival and the significance of it is much more than you can imagine. Various tools are introduced in the market day by day to facilitate right decisions as a means for data analytics.
Sage X3 has realized the importance of it and is embedded with an inbuilt tool known as Finance data extractor, a powerful feature to analyze financial information for effective decision making. The reason to speak on this tool is that, unfortunately many organizations heavily under-utilize this tool and opt to go for third party tools for financial reporting, some organizations have never even heard about.
Being a Sage X3 consultant, we feel that showcasing a glance of this tool would undeniably assist your organization to watch out on their financial performance and predicting with accurate forecasts.
The basic question is, Why do you need to invest in different financial analysis tools?, If you have a tool which,
- Is highly flexible and configurable just like snap below with a user-friendly interface for designing. You could go simply have unlimited number of financial statement formats based on the needs of your stakeholders
- You do not need to pay the additional cost of license to enjoy these benefits
Businesses are unique to one another and people perceive to have their own norms and values to analyze the financial performances. X3 allows the management to visualize the information from their own perspective, rather than adapting to rigid traditional finance report. Bringing the consolidated views under one screen with a click of a button by eliminating the limitations of traditional ERP Reporting is another specialty of this feature.
Imagine if you could generate your balance sheets / profit and loss with a click of button within the X3 itself, even design yourself without reaching to any technical resources?
Have the ability to monitor and evaluate Budgets against actual from 360 degree view?
The uniqueness lies with its ability to facilitate comparisons in a flexible manner, not only when it comes to defining report formats but also during the execution of the report. The conditions such as date range, departments, parameters for each column of comparison could be provided while generating the report making it simpler that you would imagine.
Nevertheless, the system also permits the management to measure the business performance using financial Key Performance Indexes (KPIs). It is inevitable, that the finances have to be effectively managed for business to sustain, thereby, KPIs could be created and managed using Sage X3 Financial Data Extractor based on the business requirements.
The below is a snap of a sample KPI report which shows how adaptable and user-friendly the tool natively is.
The drill down analysis to Sage X3 inquiries are embedded within the tool allowing users to access X3 inquiries directly from the report.
Usually the external reporting tools or reports developed in standard crystal reports provide limited options to drill down details and that makes this feature comparatively exceptional.
Let us help you to get the maximum out of Sage X3, For more information or even for free training on Sage X3 Financial Reporter, please reach us at info@rfrgroup-me.com and We will be more than happy to help you!