In today’s fast-paced business environment, guesswork will not keep you ahead of your competition. Making informed decisions, based on trustworthy and accurate financial reports, is crucial for success. However, many companies, when experiencing production inefficiencies, cost increases, or a lack of growth, have trouble isolating problems and creating actionable solutions.
Enter Acumatica, a game-changer that combines an innovative and flexible ERP system with a reporting engine and business intelligence that can deliver any information you need, in any form you need it. With intuitive no-code/low-code reporting, mere mortals, like us, can create dashboards and reports that instantly deliver critical business information. You’ll never be constrained to out-of-the-box reports again!
In this article, we’ll delve into how Acumatica empowers organizations to make data-driven decisions, enhance financial transparency, and streamline compliance through personalized dashboards and robust reporting tools.
Make Data-Driven Decisions with Business Intelligence
Automating business processes has become a crucial step to remaining competitive in today’s market. However, many organizations are only leveraging the most basic functionality of their business applications, or they’re using several different solutions that keep data isolated in silos.
Gathering and analyzing data from multiple systems is key to obtaining a holistic picture of your business operations and forming actionable plans. Acumatica excels in this domain, leveraging business intelligence tools like Microsoft Power BI and Tableau to:
- Pull in the business data you have in your other applications.
- Perform detailed analysis of that data to reveal insights that drive solid decisions.
- Visually display business intelligence that helps everyone be on the same page.
This real-time visibility empowers organizations with end-to-end transparency of their operations, including features for deferred and recurring revenue, budgeting, project accounting, contract management, billing, asset depreciation, and payroll.
What is more, Acumatica aggregating the data collected across all your business systems has a powerful side-effect: Your ERP becomes the single source of financial truth for your entire business, guaranteeing accurate data every time.
Dashboards Put Key Financial Data at Your Fingertips
One of Acumatica’s standout features is its personalized dashboards. Employees no longer need to waste hours searching for relevant insights; Acumatica enables them to access the information they need wherever and whenever it suits them, thanks to a mobile-friendly framework that delivers a consistent experience across browsers and devices. These dashboards are not just static displays of data. Users can interact with them to:
- Approve or reject purchases.
- Manage credit holds.
- Identify buying trends.
- Make spending decisions based on cash flow, outstanding invoices, and inventory.
Each user’s homepage allows them to consolidate business insights in one place, not only with interactive widgets but also with complete reports available with a single click. These personalized reports enable users to:
- View historical information.
- Identify performance and labor trends.
- Calculate risks.
- Seize opportunities.
Drill-down capability allows the user to dig deeper, helping them identify trends and seize opportunities. Data visualizations are also customizable, letting users choose the chart or graph most suitable for their needs.
Powerful Reporting Tools Make Anything Possible
If needed reports are hard to create or generate, users will simply give up and get information another way – often with inaccuracies. Acumatica responds with an easy-to-use reporting engine that can report on your data in any way you can imagine – all without writing code. These tools include:
- Standard reports and templates.
- Generic Inquiries for data gathering.
- Customizable Wikis for documenting business processes.
- Multi-dimensional Reporting to analyze data from different perspectives.
- Report Designer for creating forms like invoices and pick lists.
- Multiple report formats: HTML, PDF, Excel, or Word.
The ability to share reports within Acumatica, or with others via email and third-party tools, ensures that the right information reaches the right people in the right format. This flexibility enhances employee engagement and enables more informed decision-making.
Accurate Reporting Improves Compliance
In an era where compliance with federal and state regulations is a top priority, organizations must be equipped to prove compliance at any time. Poor compliance ratings can damage an organization’s reputation and jeopardize future business. Acumatica offers the reporting tools necessary to demonstrate compliance with specific regulations, such as GDPR, SOC 1/SSAE 16/ISAE 3402, SOC 2, and more.
These compliance reports can be tailored to specific regulations with minimal programming effort. Acumatica’s ERP platform connects with external data sources to build reports, dashboards, and business processes that demonstrate your company’s efforts to stay in step with industry initiatives.
Auditors can access real-time reports on the user’s dashboard, generate them on demand, or follow a predefined schedule. This ensures immediate proof of compliance and a complete audit history. Moreover, Acumatica enhances data security by providing role-based reporting and restricting unauthorized access to customer and organizational data, a critical aspect of compliance.
In today’s highly competitive business landscape, Acumatica stands out as a powerful ally in driving success. By combining award-winning ERP capabilities with a customizable reporting engine and sophisticated business intelligence, Acumatica empowers organizations to make data-driven decisions, enhance financial transparency, and streamline compliance. Its personalized dashboards and robust reporting tools make it a game-changer for businesses looking to thrive in a data-centric world. In the end, Acumatica unlocks the potential for businesses to achieve their goals, overcome challenges, and stay ahead of the competition.
Would you like to learn more about the powerful financial reporting features of Acumatica, and how they can improve your visibility and drive better business decisions?