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.
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.
Using the FastClose Excel Addin, plan budgets, leveraging historical data and then upload to benchmark performance.
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.
FastClose embraces Excel as an indispensable tool for management teams, serving as a powerful platform for data analysis, financial planning, and other reporting tasks.
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.
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
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…
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.
FastClose spans the full spectrum of Epicor, SAP Business One and Nextworld Reporting and Financial Reporting functionality.
for Report Power Users
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.
Reporting live in Excel
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.
Live numbers anytime
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.
KPIs and visualisations
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.
Product Features
Discover the range of different power and value add elements available to the report desginer.
Corporate Performance Management
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.
ERP vendors excel in crafting business processes, but the technology required for that is quite distinct to that required for robust financial reporting.
This is why ERP companies seldom develop effective reporting tools and instead collaborate with, or acquire, specialist suppliers
These, non-native tools usually require dedicated databases. Consequently, the ERP system along with the security and checks you’ve painstakingly set up, are sidestepped, meaning reporting data can be manipulated, potentially breaching double-entry rules.
Configuring and sustaining integration between an ERP system and a reporting database is intricate, requires automated checks, monitoring and the ability to trouble shoot which requires specialised staff. In addition:
With accounting integrity rules sidestepped, data is susceptible to error and inconsistency, impacting business decisions.
ERPs enforce access controls, encryption, and other security measures to shield sensitive information. A separate reporting database has to duplicate all of that, or your data is at risk.
Replicating data to a reporting database creates redundancy and escalates storage costs as well as introducing a risk of data disparity if a transfer should fail.
Separate reporting databases entail additional licensing and infrastructure costs. Is it cost effective?
Great idea!
In this case, ERP vendors may instead steer you towards writing your own SQL:
Now this is powerful, allowing you to extract, manipulate, and analyse data at a granular level, providing insights that might not be readily available through standard ERP interfaces. But sidestepping security is risky.
For this reason, ERP companies often devise a technical tool that protects the database