CPM - Cloud - Fastclose

CPM
Reporting

Planning

Secure

Excel

Cloud

Audit

Consolidation

Analytics

Real-time CPM

With Version 3, FastClose transitions from being a pure reporting solution to the broader realm of real-time Corporate Performance Management (CPM), continuing to innovate and adapt to meet the evolving needs of its growing customer base.

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Reporting

Weak reporting tools often lead businesses to consider duplicating data to other platforms or writing their own SQL queries.
However, these approaches come with integration complexities, data integrity and security risks, additional costs, and require technical expertise.

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Planning & Budgeting

Using the FastClose Excel Addin, plan budgets, leveraging historical data and then upload to benchmark performance.

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Secure

Providing access to key organizational information is not risk free.
FastClose utilizes an integrated security framework that not only protects sensitive information but also empowers businesses to maintain control over key reports, graphics, and KPIs.

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Excel Integration

FastClose embraces Excel as an indispensable tool for management teams, serving as a powerful platform for data analysis, financial planning, and other reporting tasks.

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Cloud or ”On Prem”

Overcome the limitations of cloud-based ERP interfaces and complex querying syntax whilst eliminating the need for additional data platforms.
FastClose delivered “On-Prem” or SaaS.

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Audit & Reconciliation

Crucial for financial accuracy, yet ERP systems often fall short in this area. Many businesses face challenges with reconciling control accounts and stock balances.
With dedicated dashboarding reports, such as Goods Received Not Invoiced (GRNI) and stock reconciliation, swiftly identify reconciliation discrepancies

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Group Consolidation

Producing consolidated group accounts that include foreign currency subsidiaries with translation of assets and liabilities and P&L accounts at different exchange rates – can be quite complex…

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Analytics

FastClose integrates beautifully with Power BI, serving as a streamlined data source, leveraging our expertise in hiding the complexity of ERP data structures.
It simplifies the data access and shaping process in Power BI, saving up to 70% of development effort.

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Platforms & Partners
Platforms & Partners

FastClose spans the full spectrum of Epicor, SAP Business One and Nextworld Reporting and Financial Reporting functionality.

Epicor

SAP Business One

Nextworld
News
Product

Designer

for Report Power Users

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Build reports with drill to detail or other related reports. Control and publish to end users. Lock down data in any dimension of your ERP, securing data by such facets as company, cost centre, account code and warehouse.
You’ve got the Power!

Excel add-in

Reporting live in Excel

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Consume FastClose reports directly in Excel. Change dimension filters and run reports live. Combine multiple reports in workbooks.
FastClose gives you the best of both worlds: controlled reports that deliver accurate numbers live in Excel for further analysis.

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Live numbers anytime

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On the desktop, or on the Web, live published reports allow managers and executives to see in real time how the numbers are changing.
Drill down to transaction detail to spot problems early in the month or navigate to related reports that provide a different perspective.

Analytics

KPIs and visualisations

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Dramatically accelerate the delivery of Power BI dashboards and analytics
with FastClose then automate the flow of data.

Let FastClose make finding that KPI or creating that dataset easy, then push
it to Power BI and your users.

Features

Product Features

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Discover the range of different power and value add elements available to the report desginer.
Training & Support
ROI
Contact

Corporate Performance Management

Bridging the Gap Between Cloud and On-Premise

Overcome the limitations of cloud-based ERP interfaces and complex querying syntax whilst eliminating the need for additional data platforms.

FastClose delivered “On-Prem” or SaaS.

On-Premise to Cloud

Whilst the march toward a world entirely based on cloud-based solutions continues ever onward, in the realm of Corporate Performance Management (CPM), the migration to cloud computing is not without its challenges.

We recognize the growing popularity of cloud solutions among both suppliers and customers.

Suppliers love them for the repeat revenues whilst customers love them because of the elimination of capital expenditure on hardware and licencing, spread of cost and the reduction in need for IT skills in house.

However, this trend does pose certain challenges for CPM tools:

How do organizations usually resolve this?

Organizations facing the restrictions imposed by cloud computing, tend to go one of two routes to get the flexibility of SQL access:

01

Replicate the Data

Replicate the data to one or more external databases either in the cloud or on-prem. The issue here is the time lag, with data potentially refreshing overnight. More frequent updates coming at a cost. Additionally there are the associated hardware or cloud VM costs as well as the IT staff to manage it.

02

Use a Data Lake

Push the data to a cloud “data-lake” either in Azure or AWS integrating that onwards to analytic tools such as Power BI. Here, data is usually replicated more rapidly and the storage itself is inexpensive, but the data processing costs can spiral often unexpectedly due to usage to quite eye-watering levels and as for the consulting costs to build the analytics…

How is FastClose different?

We understands these challenges and have carved a niche by offering a unique solution leveraging both cloud and on-premise capabilities.

FastClose is pioneering a balanced approach to CPM, making it easier for businesses to adapt to technological shifts without compromising functionality.

Where many CPM solutions struggle to surmount the limitations of cloud-based APIs, FastClose goes the extra mile to get the most from them, finding ways around their limitations, eliminating the need to invest in additional replica or extraction databases solely to support SQL style queries.

Our unique approach streamlines data management, slashing implementation and operational costs.

Versatility in Reporting and Data Analysis

FastClose offers unparalleled flexibility when it comes to data analytics and reporting.

In Summary

As organizations oscillate between cloud and on-premise solutions in search of the perfect balance, FastClose emerges as a trailblazer offering the best of both worlds.

Its ability to directly connect to cloud databases and perform complex analytic queries via APIs sets it apart from competitors, reducing the need for additional databases and costly hardware.

Moreover, its versatile reporting features offer unparalleled flexibility, making it a comprehensive solution for Corporate Performance Management.

With FastClose, businesses no longer have to compromise between cloud agility and on-premise robustness, but can enjoy the benefits of both.

FastClose Hosting Options

Where customers have “On-prem” ERP solutions, FastClose is also hosted “On-prem” for access to the data.

However, for customers using cloud ERP providers it does make sense to host FastClose in the cloud as a SaaS slution. In this instance, FastClose can do this for you, taking care of server maintenance, security and deployment of regular product updates.

And of course a further benefit is that hosting makes FastClose easily accessible whilst on the move anywhere in the world.

FastClose clients

FastClose significantly streamlines our statutory and management consolidation processes across 10 companies and four currencies. Its real-time integration with the Epicor database assures the accuracy and dependability of our results.

John Rothery

Finance Director, Sportech Plc