We all know basic P&L and Balance Sheets in SAP Business One are a far cry from the comprehensive financial management reports you need. The transactional finance system is solid, one of the best, but where are the tools to get the professional management and financial reports with the company specific metrics you need?
It's been been the same story for over 15 year, but now there's a solution……
Ochiba have been working with 'FastClose', a leader in financial management reporting, to bring to you the ultimate Accounting Intelligence tool for SAP Business One. Where SAP Business One stops, FastClose closes the financial management reporting loop.
A monthly management pack is prepared by the business for its own internal use and should be specifically designed to meet the needs of those running the 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 pack is only useful when produced at the right time to analyse the details and to take appropriate action. On this Worsman commented “Managing the budgets and forecasts in SAP Business One and using FastClose to analyse our financial metrics has given us a new dimension in both the medium and long term planning of our business.”
The templates in FastClose will help you to structure the information you need in order to analyse, adjust, and produce your board packs, in order to make timely and relevant decisions about the financial performance of your business, all within just a few days of the monthend.
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.
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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