If you use Dynamics accounting solutions from Microsoft or many non-Microsoft accounting programs, you may have created your financial statements using a program called FRx. This product was over 15 years old and was due for a refresher. It used Microsoft Access for a database to store the financial details. Access is not one of the fastest storage programs and new features were needed. In addition, FRx is a 32 bit application and shares the limits of this older technology.
The good news is that Management Reporter is now available for all the Microsoft accounting solutions (Dynamics GP, Dynamics SL, Dynamics NAV and Dynamics AX). The first two programs are the number one and number two accounting products in the United States and the last two are top products used in Europe (and to some extent, the US).
Management Reporter has been available since 2010 and is a nice refresh of the FRx tool. It is based on the Microsoft SQL database, a fast and reliable database used extensively for business data. The interface looks much like Outlook and so is familiar to almost everyone. The program is 64-bit and runs in modern IT environments without a hitch.
Management Reporter offers the traditional row formatting, column formatting and structural trees, allowing an organization to slice and dice the data by department and to show variances, percentages, comparisons with prior periods and years and much more. The variations of data that can be presented are virtually unlimited.
If you have ever used FRx, you are going to be comfortable with Management Reporter. So go ahead and install it, get your reports migrated (we recommend recreating them instead of converting – it’s a great way to learn the new tool) and start rolling out your data for your company.
And spend some time on the graphic ability which can be added to your text reports. It will make your reports stand out and help your visual consumers see results!