Finance and counting departments are familiar with needed, standard fiscal reporting. It’s normal commercial governance. When acclimatized to a business’s processes, and (ACUMATICA) system takes care of the demand.
The elderly operation needs to see how the company is doing between ages, so customizable reports from an ACUMATICA database are critical. Getting information so that operators can make better opinions requires strong reporting capabilities from the business system.
Then are five ways having a strong ACUMATICA system simplifies reporting and streamlines operation
- Single Source of Truth
Fiscal figures don’t lie, but gathering the right figures is prone to error. Companies that calculate heavily on spreadsheets to keep fiscal information frequently do so for convenience. The convenience is generally on the part of the person gathering the data.
There’s also a control element to using spreadsheets the person or department that keeps the spreadsheet holds the keys to its use.
Having and using an ACUMATICA system precludes the need and use of distributed spreadsheets. Spreadsheets keep cropping up in associations, so constant alert is needed to move the spreadsheet data to the ACUMATICA system as snappily as possible.
- Standard Chart of Accounts
Multiple Locales and business units occasionally retain their spreadsheets for purposes of product and original operations. Having each position maintain its map of accounts can lead to a disaster.
A single ACUMATICA system centralizes and standardizes accounts, which is vital to accurate reporting. Else, directly comparing different business units is nearly unsolvable. It’s presumably egregious but still worth mentioning that a single ACUMATICA system dramatically reduces the time needed for period reporting at the consolidated position.
- Tone- Service Reporting
Having directors produce and run their reports from the fiscal data saves everyone time and trouble, and using a fiscal ACUMATICA system makes that possible. Sure, the company has to buy and apply a business intelligence system with easy-to-use tools, but the effectiveness earnings are numerous times lesser than the cost. Without an ACUMATICA system, tone-service reporting is insolvable.
- External Reporting
Controllers and other external associations don’t get access to the ACUMATICA system but need data from it nevertheless. Having a single source for all outbound data relieves a lot of stress. Data and reports transferred out are unremarkable. The data stored in an ACUMATICA system make up the system of record — not a bunch of spreadsheets scattered throughout the company.
- Combinations Made Easier
An ACUMATICA database is just one source of data for commercial reporting. The data must frequently be combined with other databases to produce a meaningful report. That’s just not doable or dependable for a company that doesn’t have an ACUMATICA system.
Vijay comes with a vast experience in ERP and enterprise solutions space with about 20 years of experience in various packaged application like Acumatica, SAP, Orion, Salesforce.com, SugarCRM and, SalesLogix.