Cloud Migration to Business Central with Jet Reports

As the need for greater interactivity and data access increases, more and more companies are making the move to adopt cloud computing. Microsoft is investing in and pushing customers towards its cloud ERP offering, Dynamics 365 Business Central, which is experiencing a staggering 200% annual growth rate.

But the significant hurdles posed by cloud migration can make it a daunting task to consider. Installing a new system, migrating legacy data, and training employees are challenges that take valuable time away from revenue generating activity. The good news is this needn’t be the case. There are simple strategies and intuitive technology that can turn your cloud migration into more of a leisurely stroll in the park. 

A Simple ERP Upgrade 

As an existing Microsoft Dynamics customer, migrating to Business Central doesn’t require you to reinvent the wheel. By using software from the same ERP vendor, you can streamline data and easily upgrade from your on-premises Microsoft Dynamics ERP to Business Central to take full advantage of the cloud. Benefits include: 

  • Streamlined tasks 
  • Improved sales processes 
  • Easier management of suppliers and inventory 
  • Access to data from a single source of truth 

Simplify Your Migration with Jet 

Jet Reports provides advanced operational and financial reporting within Excel, allowing you to generate timely, accurate financial reports in a familiar format. Jet makes it easier to move to BC by: 

  • Providing report portability. Any number of legacy NAV reports created in Jet Reports can be immediately ported over and plugged in to BC. For new users, there’s a learning curve that requires user training, especially when entering and reporting on data. If you integrate Jet before migration, reporting users will be able to interact with your new BC ERP from within a familiar platform, greatly reducing your total cost of ownership. 
  • Eliminating roadblocks of switching to the cloud. We hear about the monetary costs of upgrading to the cloud, but the time investment is an equally important detail to consider. You don’t want your BAU reporting tasks to slip while employees adjust to their changed working environment. Jet streamlines your reporting and keeps the wheels spinning during migration, so you don’t have to miss a beat when it comes time for month-end close. 

It can be challenging for organizations to adopt new processes and cloud migration is no exception. But by leveraging new technology and creating greater interoperability between locations and systems, you can greatly reduce the time and effort involved. Jet Reports smooth out the process by streamlining reporting and saving time. 

For further information on Jet Reports please contact allonline365 on +27 (21) 205 3650, or email us on info@allonline365.com, or visit our website www.allonline365.com   

 

Jet Reports Promotional offers now available

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Out-of-the-box reporting and analytics at your fingertips

As with previous economic downturns businesses now demand more data from their Dynamics solution and focus on enhancing their current ERP to work effectively for them instead of purchasing new or undergoing large upgrade projects.  The need for reporting and analytics has never been greater for all customers than it is right now.

While we all navigate through this global health and economic crisis, it is not the time to be uncertain about your financial readiness or operational performance.  Instant access to your data, flexible financial reporting, and insightful analytics from your Microsoft Dynamics system directly impacts your ability to react quickly to changes in the market and make critical decisions that affect the future of your business.

To help you get to the data you need without waiting or relying on technical resources, you should leverage a proven third-party solution built for self-service reporting, data management, and analytics. That’s where allonline365 can help.

Take advantage of a significant discount on two of the best turnkey Microsoft Dynamics reporting products out there today: Jet Reports and Jet Analytics. Both solutions provide the flexible reporting and visual analytics you need to gain insight and get visibility into your operations when the market conditions are demanding it the most.

Our partner, insightsoftware, is extending 20% off all Jet Reports and Jet Analytics Foundation packages, along with 50% off all Designers and Viewers in a one-time order from now until June 25th, 2020. This offer also applies to existing Jet customers for upgrades and license additions. Jet Basics customers who are still not sure about upgrading, can try the latest version of Jet Reports for 60 days at no charge by downloading the most current version of Basics and activating from there. Please note these offers are only for perpetual licenses.

Time is of the essence. If you are struggling to consolidate data, customize reports and dashboards, or make actionable decisions at a moment’s notice, now is the time to make a change. For questions or more information, contact us on info@allonline365.com or fill in the below contact form.

How BI can help to better manage your cash flow

BI

Blog Written by | Jet Global

Cash Flow Analysis with BI

Success is not ‘all about the money’ – but good financial decisions are the foundation for every business’s growth and prosperity. In a world where a number of businesses fail due to cash flow, it’s more important than ever to have a solid understanding of how cash flow contributes to your business and how technology, like business intelligence (BI), can help keep your cash under control.

What is a Cash Flow Analysis?

Cash flow analysis is used for financial reporting purposes. By examining your company’s cash inflows and outflows during a specific period, you can see where cash is being generated and spent so you can plan accordingly. Control over your cash not only protects your business during uncertain times but opens doors to new opportunities.

Are you making or losing money? Whether you are a new business starting out, or an established company, cash flow is crucial at every stage of a business’s lifecycle. Money is needed for purchasing inventory, to hiring a new employee. Stability and forecasting are essential in any business, that being said you need to have the right technology and intelligence in place to help you succeed.

Common approaches to Cash Flow Analysis

Most accounting and finance teams are accountable for performing cash flow analysis at the end of every quarter to ensure everything is in order and accounted for. Your business could be earning a profit, but if receivables become past due or uncollected it could leave you in a bit of a financial predicament.

One of the most useful measures in financial performance is Free Cash Flow (FCF). Analysts look at FCF, which is your operating cash flow minus your capital expenditures, to find out what money is left over to expand the business or return to shareholders. If your expenses exceed your cash, you have a problem.

A cash flow statement is an essential tool to manage your cash flow that includes information from operations, investing and financing. Traditionally, a cash flow statement is compiled using Excel-based manual data processing. When you are trying to aggregate data from your cash flow history, planned and actual operating expenses, capital expenditures, accounts receivables/payables balances, and general ledger data – it can get complicated.

We love Excel, but this approach is resource-heavy and time-consuming, to say the least. it can also lead to issues with data accuracy and report standardization, which is not something you want to worry about when managing your money.

Recognizing these implications, many companies have automated these manual accounting processes and embraced business management and intelligence technology for analyzing and forecasting cash flow more efficiently.

How BI can help to better manage your Cash Flow

Now that the software is more accessible and affordable, organizations are adopting business intelligence technology to improve the way they manage their cash flow. BI and analytics software is used to help companies automate cash flow analysis and provide the tools they need to consolidate their data, simplify cash flow planning and forecasting, and accelerate decision making.

The key selling point of BI software is that it’s designed to provide more accurate financial figures and ultimately, take the guesswork out of the cash flow analysis process. BI solutions equip managers with timely, accurate, and easy to use reports.

Below are some specific examples of how BI is helping businesses around the world better manage their cash inflows and outflows.

1.  Intelligent Forecasting

Financial forecasts create a clear path to achieving your business goals and help you plan for resource allocation and budgeting. With BI software, cash forecasts can be generated automatically. With this capability, financial managers can stay informed at all times, with advanced warning of cash shortage or surplus. This allows an organization to react quickly to growth opportunities or to scale back when needed.

2.  Data Management

The most time-consuming part about cash flow analysis by spreadsheet is compiling data from multiple sources. Using BI software that integrates with your ERP and CRM solution, you can get the numbers you need in real-time. Your cash flow analysis will provide more meaningful insights and up to date reports for quick, informed decision making based on data.

3.  Project Management

Big projects can have a huge influence on cash flow. Financial managers need to have more control over what comes in and what goes out, so the ability to analyze a project’s duration, costs, resources required, and terms of payment are important for cash flow planning and strategic growth.

4.  Inventory Planning

Inventory has some hidden costs associated with it. It not only ties up cash in goods, but there comes a certain point when too much inventory works against your cash flow. With BI software, you can find a good balance between demand and supply and be more deliberate with inventory spending. With sales forecasting and smarter reporting, BI can save you a ton of time and money in the long-term.

5.  Risk Management

Should you invest in a new opportunity? Should you scale back your expenses temporarily? BI software is a reliable tool to manage risks. If your cash flow forecast is showing that you don’t have enough cash, a BI solution will allow you to make a quick projection and liquidity analysis to help make the right decision.

What to look out for in a BI solution

BI solutions are built to support data-driven analysis and decision making, which is exactly what you need to get a strict handle on your cash flow. As a leader in reporting and analytics solutions for over fifteen years, Jet Global has seen the impact that data and business intelligence can have on an organization’s staff, processes, relationships, and bottom line.

While there are a lot of BI solutions out there on the market today, especially Microsoft Dynamics users, there are no ‘one size fits all’ solution. Do your diligence and find a solution that will bring all of your data sources into one platform that provides the reports and dashboards in a format your users need.

If you are ready to improve your financial reporting and cash flow analysis, Jet Global and allonline365 are here to help. Contact us on  info@allonline365.com or  +27 (21) 205 3650 to speak to a consultant about digitally transforming your business.

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