Matthew Felzke
How to Get Budgeting Right for SAP or Microsoft Dynamics

For any enterprise, making the move to a cloud-based ERP platform (take SAP or Microsoft Dynamics ERP as examples) offers a number of benefits.

These include simplified account management, effective team collaboration, and ultimately greater sales. Research by Microsoft found that 61% of businesses said that moving to the cloud allowed deeper collaboration with business partners and 57% said that moving to the cloud early gave them a competitive advantage.

Despite the benefits, however, cloud-based software adoption is not without risks, including the challenge of budgeting with the cloud migration and software adoption will cost.

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Matthew Felzke
Financial Reporting, Budgeting and Dashboard Tools for Acumatica

It is important to understand the BI offerings on the market today to boost your reporting, budgeting, and dashboard functionality with Acumatica.  This article will explore your options, so you can pick the tool that is best for your company.

In a recent report by Gartner, the marketplace for Business Intelligence (BI) and Analytics solutions grew 8% in 2013 to a total of $14.4 billion from 2012.  Arguably, this is a gradual growth, but steady nonetheless, which makes good sense.  If you look at the amount of data you and your team manages and analyzes to make better decisions faster in an effort to stay competitive, you would have to agree that real-time or near-real-time, monthly, quarterly, annual, and sub ledger analytics are necessary.  Moreover, the business world is moving away from IT-managed BI solutions to easy-to-use, modern, and powerful reporting, budgeting, dashboards solutions that enhance your Acumatica experience.  This article will discuss the features and functionalities of third party products for Acumatica users in the current BI software marketplace.

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Matthew Felzke
Convert FRx Reports to Management Reporter or Look for Alternative Options?

Now that Microsoft has retired FRx, report conversions have become a checklist item for replacing the retired financial report writer.  This article will discuss FRx report conversions and the third party reporting tools offering FRx upgrades.

The era of FRx is over – and has officially been over for a little while.  On this blog, I have written about how to replace the Microsoft financial report writer – and the costs associated with that task.  But now, as companies are moving away from FRx, replacing it with Microsoft’s successor, Management Reporter (MR), or even already replacing MR, there is a demand for converting the financial reports created in FRx to the selected new solution.  Logically, some software manufacturers anticipated this and produced a conversion tool, ensuring that the transition in reporting is more automated.  However, as some companies may still be procrastinating with replacing FRx, there is probably a general confusion about options to make this upgrade.  In this article, I’m going to discuss the routes for FRx conversion, so that if you haven’t participated in this important task or have moved on, but still holding on to FRx because you don’t know how to convert your old reports, you will be aware of your options.

http://youtu.be/ZB9UcDYXwC0

Let’s first tackle MR since I know a lot of people went to Microsoft’s replacement, probably by default.  If you are in this boat, you might already know that MR comes with automatic conversions of FRx reports.  MR is the follow up to FRx, and the two products are very similar, with perhaps the main exception being an updated main user menu and some minor feature enhancements (and loss of certain features), so this conversion is not necessarily rocket science.  However, the real frustration with MR is the all too familiar limited features and functionalities.  It is still a proprietary interface, so the familiarity of Excel is not there.  The conversions assist this update, but MR is arguably not much of an upgrade with only providing basic GL reporting, but you can feel pretty confident that your FRx reports will come with you using this financial report writer.

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