Financial Reporting & Analysis are of utmost importance to businesses, specifically the growing ones. As you’re growing, so does the complexity of managing various integral processes, including finance. To maximize efficiency and output, you need the different arms of your business working in tandem.
A solution like SAP Business One helps with that. It is a proven and comprehensive solution that lets you centralize & automate every aspect of your business and streamline financial and accounting processes.
And that’s not all. It offers a plethora of integrated tools that let you get real-time analytics of your business. Plus, you can generate accurate and engaging standard and customized financial reports for business planning, audits, decisions, and more.
That’s right; all your financial reporting and analytics requirements are possible in SAP Business One. SAPs own SAP Analytics Cloud provides the best way to analyze all data through a transparent bird’s eye view. It allows you to create multiple intuitive & informative dashboards, default, and custom, to go through all the information in real time across the organization.
As for the financial reports, SAP B1 provides the option to generate Standard and Customized Reports.
Standard Reports
Standard Reports are based on industry standards and are easy to generate and deploy in a short time. Some standard financial reports you can generate on SAP Business One include a Balance Sheet, Trial Balance, Profit & Loss Statement, Cash Flow, Statement of Cash Flows, Cash Flow Reference Report, etc. These are customizable as per your criteria and requirements.
Custom Reports
SAP Crystal Reports software lets you create Custom Reports on SAP Business One. It turns data sources into interactive, actionable information that is accessible offline & online. The financial reports & dashboards made in the software give you a deeper insight into business information that provides an edge over the competition. These reports are exportable to formats such as PDF, XML, and MS Excel making them easier to access on commonly available applications, devices, and portals.
Intelligent analytics of business data and up-to-date financial reports are indispensable in the quest for sustainability and growth. SAP Business One is famous for its data analytics and reporting capabilities. Alongside providing you with actionable intelligence, it also assists in outsmarting the competition by a mile.
The best part is that SAP analytics and reporting tools are easy to use and learned quickly. With a great SAP partner, you can be the master of both in no time.
Want more helpful information about processes in SAP Business One? Or would you like a more in-depth understanding of SAP Business One? Then get in touch with Accelon - a Certified SAP Business One Gold Partner & the most reliable ERP software provider in India.