When it comes to advanced financial reporting, businesses have a variety of options to choose from. Two popular choices are the Solver report writer (available at www.solverglobal.com) and the Interactive Custom Report Writer (ICRW) in Sage Intacct. Both tools offer powerful reporting capabilities, but they have some key differences that may make one more suitable for your organization’s needs.
Solver is a third-party solution that integrates with various ERP systems, including Sage Intacct. It offers advanced reporting and analytics capabilities, as well as budgeting and forecasting functionality. On the other hand, ICRW is a built-in reporting tool in Sage Intacct. It allows users to create custom reports and financial statements with proprietary formulas, but it does not have the same level of advanced analytics and budgeting capabilities as Solver.
Here are the top 5 reasons when it may be beneficial for a customer to add Solver for advanced reporting:
- Solver offers a wider range of advanced analytics and reporting capabilities than ICRW, such as data visualization, budgeting, and business intelligence. More than 100 ready-to-use reporting templates are available in Solver.
- Solver has built-in budgeting and forecasting functionality, which can be useful for businesses that need to plan and track their financial performance.
- Solver’s reporting capabilities are not limited to financial data, it can also be used to analyze and report on data from other areas and data sources in the business, such as sales, marketing, and operations.
- Solver’s reports are highly customizable because they are designed with an advanced cloud-connected Excel add-in, while end users can run reports within the Solver web portal.
- Solver’s reporting capabilities are not limited to just Sage Intacct, it can integrate with other ERP systems, making it a great option for businesses that use multiple systems.
On the other hand, ICRW may be more beneficial for customers who have less complex reporting needs or are looking for a built-in reporting solution within Sage Intacct. It is also a great option for businesses that are new to Sage Intacct and may not be familiar with other reporting tools.
In conclusion, while both Solver and ICRW in Sage Intacct offer advanced reporting capabilities, Solver offers more advanced analytics and budgeting functionality, and can be used with other internal data sources and ERP systems. ICRW is a built-in Sage Intacct reporting tool that is easy to use but has less advanced capabilities. Therefore, it is important to consider your organization’s specific reporting needs and budget before making a decision.
Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now.