Businesses, large or small, needs proper planning and budgeting for it to become successful in the long run. Thanks to Microsoft Dynamics AX version 3.0 and 4.0 released in August 1, 2006, it is already integrated with Microsoft FRx and Microsoft Forecaster. The software will be a big help in the budgeting, planning and financial reporting of many businesses worldwide.
The Microsoft Frx is able to create valuable and relevant financial reports that will surely benefit the company in terms of its financial status and documentation. The inclusion of Microsoft FRx in the Microsoft Dynamics AX will result to the assurance of integrity of the financial data. Boardroom quality reports are now done easily and quickly with this application. Access to financial data, distribution and publication will be hassle free.
When the time for reporting is minimized, the company can then focus on more essential matters such as the analysis of the information gathered. This will help businesses stay informed on the latest business trends.
From the financial report of
Microsoft FRx, we now move on to the budgeting and planning application brought by Microsoft Forecaster. Microsoft Dynamics AX has Microsoft Forecaster version 6.7 integrated in the system. You can use this for accurate usage of your business’ historical data that is essential for budgeting. The budgeting process is shortened so the decision making process is given more time and attention. Insights to variances are clearly seen for potential business expansions and opportunities.
Since
Microsoft Forecaster and Microsoft FRx are integrated into one system, this results in better reporting of budgeting data and actual results. The numbers used in budgeting are automatically rolled up and consolidated, again giving the business less time to worry about it. The Microsoft Forecaster also allows tracking of a budgeting status process through the workflow capabilities of the system.
If you are new to the Microsoft Dynamics AX and you would like to find out more about Microsoft FRx and Microsoft Forecaster, you can check out various websites discussing the topic. There are also product demonstration videos, packaging information and a lot of marketing collateral available online.
