Financial scorecards: SYSPRO introduces solution for gauging fiscal health
By Manufacturing Business Technology Staff -- Manufacturing Business Technology, 3/5/2008 1:11:00 PM
SYSPRO, an ERP software supplier, released a solution aimed at gauging financial health for small and medium-size businesses (SMB). Financial Ratio Analysis is an addition to SYSPRO’s general ledger module.
Financial Ratio Analysis incorporates more than a dozen financial metrics, including efficiency ratios, profitability ratios, business activity ratios and liquidity ratios among others.
Existing SYSPRO customers will gain the new functionality automatically as part of the company’s General Ledger solution at no additional cost.
SYSPRO executives say this proactive approach to adding enhancements removes the need of waiting months or even years to install a major release or expensive upgrade.
All financial ratios are also available via standard reporting, as well as through “executive dashboards” that provide operational management with “at-a-glance” reporting and querying capabilities.
The new financial capabilities include a comprehensive set of standard ratio/metrics, as well as specific financial health monitoring/analysis capabilities geared specifically to the growing SMB manufacturing and distribution organizations served by SYSPRO. For example, the working capital cycle ratio allows companies to easily monitor daily operating liquidity, while the Du Pont analysis enables public companies to measure the rate of return to stockholders. The library of ratios covers everything from inventory turnover analysis to payables turnover to debt ratios.” The addition of financial ratio analysis as an out-of-the-box addition affirms SYSPRO's commitment to delivering value beyond accounting and transaction processing—it adds real business value and vision to ERP,” said Brian Sommer, president of market research and analyst firm, TechVentive. "This new financials solution is well suited for top executives as well as boardroom reporting, real-time performance monitoring, detailed analysis and what-if analysis."
According to Joey Benadretti, President, SYSPRO USA, “The added capabilities of providing business ratios to the general ledger without having to purchase an expensive business intelligence suite will be welcomed by CFO’s across our user base to enhance better decision making.”
