Automate Financial Management Reporting for Business Central

Microsoft Dynamics 365 Business Central has many out-of-the-box reports that cover most of the standard reporting requirements of organisations. But as with many ERP built-in report writers, they don’t always offer the flexibility, functionality, and automation needed.

Why do organisations use advanced reporting tools to complement their Business Central ERP?

To combine data from other systems with Business Central data. A reporting data warehouse allows you to connect to multiple systems, so you have all the data you need for reporting in one place.
To improve how they share and distribute reports to non-Business Central users. Organisations want an alternative to sharing Excel files with non-Business Central users and to reduce data exports to Excel for reporting, analysis, budgeting and forecasting purposes.
They need specific formatting and presentation layouts for management reporting, Board presentations and other regulatory reports.
To extend reporting with budgeting and planning capabilities. They need an advanced reporting solution that offers a complete Corporate Management Performance (CPM) solution in one cloud-based platform.
To improve the overall performance of their reporting process.
They want a user-friendly, no-code reporting tool that business users can use to design reports without relying on IT.

In this blog, we talk about the Solver Corporate Performance Management (CPM) platform and how it integrates with Business Central to enable the next level of automation in financial management reporting.

What is Solver Reporting?

Solver Reporting is part of the Solver CPM platform that includes reporting, planning, data analytics, and a reporting data warehouse. It is a cloud-based platform (Microsoft Azure), and is part of Microsoft’s Gold independent software vendor (ISV) program and is a Microsoft-preferred solution.

What are the benefits of Solver Reporting for users of Business Central?

You can design your reports in an Excel environment using formatting and formulae functions that you already know. You do not need coding skills to use the Solver Excel report designer add-in.
Get up and running in record time with Solver QuickStart. You can choose from 70+ pre-built reports, planning templates and 50+ Power BI dashboards to start using Solver from day one.
With Solver Reporting, you can create presentation-ready, pixel-perfect reports such as financial statements and operational reports in the format that works for you. End users engage with the reports in a web portal and can drill down to transaction details or sub-ledger details.
Automate report distribution to users with scheduled, predefined reporting packages for various roles in a layout that meets your organisation’s requirements.
Empower users with self-service tools that answer their critical business questions. Whenever new questions arise or need more details, users can create an ad-hoc report without relying on other teams for help.
Create workflows with checklists for month-end close, financial consolidations and other frequent tasks so you can track progress and meet deadlines.
If you transact in different currencies, you can create daily or monthly rates for currency conversion to present your reports in any currency, including side-by-side currency comparisons.
Adjust your data with a complete audit trail throughout the consolidation process to meet standards such as GAAP and IFRS.

Combine Business Central data with other data sources for complete insight.

The benefits of Solver go beyond just Business Central data. Using Solver’s built-in data warehouse, you can combine data from different systems, on-premises, cloud, or other external data into the data warehouse. This way, all your key data is available in one place. You can use it for reporting, analysis, budgeting and forecasting and as a data source for Microsoft Power BI dashboards.

Is Microsoft Power BI a part of your data analytics strategy? The Solver data warehouse can help accelerate your deployment of Power BI. Solver’s Power BI connector and pre-built dashboards enable near real-time insights based on data you load into the Solver data warehouse.

As highlighted earlier, Solver Reporting is part of the fully integrated Solver Suite. Work efficiently across Solver Reporting, Budgeting, Dashboards, and Data Warehouse for a complete CPM and BI solution with Microsoft Dynamics 365 Business Central.

Solver offers an out-of-the-box integration and templates for Business Central known as Solver QuickStart. Quick-Start is not technical to set up, and business users can manage the process. It includes 70+ pre-defined reports, budget templates, and dashboards ready to use with your Business Central data within hours.