Sage reporting and analytics

Sage allows you to create financial reports seperate from your general ledger using Sage Intelligence Reporting and Sage Report Designer. Using these tools, users can create common Report Types:

• Essential reports: profit & loss, balance sheet, trial balance
• Detailed reports like audit trail and day book
• Cash flow
• Financial reports

Depending on the Sage ERP you are using, designing and exporting a financial report might take quite a bit of time each time you adjust a parameter and edit a report. Also, you may be spending too much of your time converting exports into excel-based dashboards or be running into problems with controlling access to sensitive financial data.

That’s where Phocas can step in to improve you Sage reporting processes. Phocas seamlessly integrates with Sage accounting software to make report generation nearly instantaneous, and allow more members of your team, from sales to operations to get access to the data they need to improve business management.

Phocas offers a unique blend of BI and FP&A planning and reporting, speeding up processes that Sage business users find when planning, budgeting and forecasting. And we’ve been supporting companies using Sage for a long time, so we’ve likely solved the problems you’re experiencing before.

When integrated with Sage, Phocas enables companies to manage their operations more effectively in a various ways, such as:

• Powerful business intelligence - Phocas collects and consolidates huge amounts of data from multiple business sources, empowering Sage ERP users with fast, easy access to real-time data within one platform source.
• Custom reporting - Reports and dashboards are customizable to meet specific business needs and can be created by all users. Insights and metrics that may not be readily available in standard Sage ERP reporting tools can be extracted with ease. Design your own reports that offer a deeper understanding of business performance.
• In-depth analytics - a unique ad hoc analysis layer, The Grid, enables all users to perform in-depth analysis. Drill down to transactional level and pivot the data in multiple ways such as by customer, branch, product or region.
• High performance - By integrating your Sage ERP with Phocas, you'll achieve lightening fast loading times, regardless of the volume of transactional data stored.
• Companywide adoption - a user-friendly interface enables users across all departments to access and analyze their own data, not just IT experts or data analysts. Enhancing collaboration and better decisions-making.
• All-in-one platform - Along with a BI Analytics foundation, Phocas offers comprehensive financial planning products that work together smoothly, including Financial Statements, Budgets and Forecasts, and Rebates.

Data analytics, or business intelligence (BI), is the process of interpreting key business data to understand how an organization is performing, both financially and operationally.

Data analytics software is designed to retrieve, analyze, transform, and report on business data and metrics. This software provides organizations with an integrated view of their overall business by combining multiple data sets, such as enterprise resource planning (ERP) systems, CRM, HR, Payroll and e-commerce. BI can also be used to identify trends, uncover insights, and make informed business decisions.

There are several benefits of using financial data analysis platform over Microsoft Excel or other manual reporting methods:

1. Save time: Free up the finance team from time-consuming reporting tasks by automating entire processes, allowing for faster reporting, consolidation, and customization.

2. Accuracy: Data is pulled directly into the platform which ensures accuracy and reduces the risk of errors that can occur when maintaining and reworking static spreadsheets.

3. Standardization: Enforces standardization across financial statements, budgets and reports to ensure consistency and enables comparisons across different periods.

4. Collaboration: Enable teams to collaborate and work simultaneously in a secure and auditable environment. This can improve communication and reduce the risk of data discrepancies.

5. Reporting: Provide advanced reporting capabilities, such as customizable templates and interactive dashboards. This makes it easier to visualize data using graphs, charts and drag-and-drop scorecards.

6. Security: It provides better security features than Excel, including data encryption, user access controls, and audit trails. This can help protect sensitive financial data from unauthorized access or modification.

7. Customizable: You can add calculations to the statements such as EBIT, margins and ratios

While Excel can be a useful financial reporting tool (and Phocas has easy exporting functionality to Excel), a complete platform of analysis, financial statement budgeting and forecasting, and rebates tools can help businesses streamline their financial reporting processes, improve accuracy, and make better, faster decisions based on real-time data.