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Management ReportingEffective management reporting can dictate the success or failure of any organisation. Without accurate and timely management reports, organisations run the risk of losing track of key performance indicators (KPIs), allowing critical errors to be made and profit making opportunities overlooked.IRIS Enterprise Software recognise what inadequate management information can do to a business, so powerful reporting capabilities have always been inherent in Exchequer.
In addition to the standard reports built into the system, Exchequer uses OLE technology to create up-to-the-minute reports, which have the flexibility to be used for budgeting, forecasting, cash-flow analysis, consolidations and financial modelling.
OLE technology is primarily used to link Microsoft Excel dynamically to the rich financial management data held within Exchequer.This is only possible because of the unique way financial data
is stored within the system. There is no importing, no macros and
no waiting! All you do is open up your spreadsheet, enter
your password and the real-time data will instantly appear.
By utilising this technology, vital decision support data,
such as general ledger actuals and budgets, stock sales and
margins, customer buying trends and much more, can be instantly
retrieved onto any Excel spreadsheet.
 There is no need to go through transition files to accumulate
data; live values from Exchequer are linked dynamically. Over
300 Add-In functions are supplied with the Exchequer financial
modules.
In order to deliver even greater levels of information to
decision makers, Exchequer's advanced Excel integration even offers
the facility to drill-down on totals within the spreadsheet in
order to present a list of relevant transactions.
These transactions may then be selected in order to view the
original transaction just as if you were working in the main
software system itself.
You may wish to offer departmental managers accurate and easy
to use management reports in a format they understand. By designing
these reports using this technology, managers can instantly view
and interrogate information at any time in this simple and familiar
format.
Existing users of Exchequer find queries to the finance
department have reduced dramatically due to the ability to view
individual transactions making up totals directly from the
reports.
You can also create journal transactions, ideal for
calculating and posting inter-company, cost-allocation or
depreciation journals.
Finally, most data fields within the customer, supplier and
stock databases can be updated from Excel, providing a powerful
tool for maintaining records or performing instant price
updates.
The scope of its use is truly staggering, as many thousands of
Exchequer users have discovered to their
advantage.
It is a fact that 80% of SMEs are having to spend hours or
more producing meaningful management reports - a process which
should be taking minutes, and 67% of SMEs would prefer the ability
to be able to produce these reports within Microsoft Excel, in
order to improve ease of use and simplify data analysis - ALL
features which are available within Exchequer.
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