Intacct has introduced a reporting tool, Intacct Flex Reporting, which the company says offers multi-dimensional analysis of the company's general ledger data. "There are two pieces to Flex Reporting: there is the flexible general ledger and second the brand new reporting engine," says Dan Miller, Intacct's VP of product management. Miller said there are pre-built dimensions for general ledger tracking with the dimensions integrated into the user interface and the analysis is real time.
It sounded like online transaction analytic processing, but a less-expensive method and probably less tech-heavy, and Intacct said that is not a bad analogy. Intacct pictures having the capability included in the financial system as a big advantage. Custom fields can be added with the need to call IT, but Intacct says that the fields are not a substitute for dimensions. There are pre-built dimensions included in the system at no cost while users can add their own. User-defined dimensions, such as those needed for a particular industry, cost extra, but are not yet priced. Flex Reporting is in limited release until the Summer 2013 version of Intacct comes to market in August. And if you don't trust my version, Intacct has a YouTube video. https://www.youtube.com/watch?v=b8kdml2kUM8&feature=youtu.be
Last modified on Sunday, 16 June 2013