Enhance Acumatica Reporting Abilities With Velixo Report-Building Solution

Historically, obtaining meaningful information from enterprise resource planning (ERP) systems has been challenging. The lack of native reporting capabilities — plus having to put a third-party reporting application on top of your ERP — makes it inefficient and ineffective.

Acumatica and Velixo provide a powerful solution for businesses looking to streamline financial reporting processes. By addressing common pain points and offering advanced features, these tools enable companies to make more informed decisions, improve efficiency, and maintain a competitive edge in the market.

5 types of Acumatica reporting capabilities

Many companies struggle with outdated reporting tools that lead to missed opportunities, poor control, low productivity, and slow response to market trends. Acumatica ERP has out-of-the-box reporting capability, offering reporting and analytic resources far beyond balance sheet and cash flow statements.

Acumatica has five types of reporting, enabling you to quickly review your organization’s health and spot good or bad trends:

1. Role-based dashboards — Visualize information and drill down to transactional data.
2. Analytical report manager — Create financial reports with amounts posted to specific general ledger accounts and sub-accounts.
3. Generic inquiry — Real-time information on a formattable form screen, including pivot tables as part of the inquiry.
4. Business report designer — Create visually compelling reports including sales reports, check forms, invoices, and more; easily design new reports or customize predefined reports.
5. Power BI — Use integrated business intelligence tools, such as Microsoft Power BI, to aggregate data from multiple sources, extract actionable information for strategic and tactical decision making, and present it visually to stakeholders.

Why Acumatica and Velixo?

Acumatica is a modern ERP system that provides a single source of truth for financial and operational data. It offers end-to-end financial and operational coverage, including project management and full financial packages. Acumatica’s task-and role-specific graphical dashboards allow users to access information quickly and efficiently. The system’s flexibility enables businesses to mold Acumatica to their processes rather than adapting their processes to fit the ERP.

Velixo, an Excel add-in, enhances Acumatica’s capabilities by providing real-time, two-way integration between Acumatica and Excel. This integration allows users to pull data directly from Acumatica, manipulate it in Excel, and write it back to the ERP without double entry. Velixo also offers features such as live drill-down, report distribution, and automatic write-back to Acumatica.

Benefits of better reporting and analysis

Improved financial reporting and analysis offer several benefits, including more accurate decision-making, better planning and forecasting, and increased speed to market.

Accurate data is essential for strategic decision-making, as it provides an overview of the business’s past performance, current status, and future direction. Quality reporting also allows departments to be more responsive and proactive, leading to improved productivity and better communication.