How Are ERP Reporting Requirements Met By Modern ERP Systems

How are ERP Reporting Requirements met by Modern ERP Systems

During an ERP Software Implementation, it is always a challenge to completely fulfill the various ERP Reporting Requirements of diverse user groups. The Requirements of ERP reports of users keep changing and evolving with time and with a change of users. Different users have different ways of looking at reports depending on which way they want to examine the data. A report may be required in multiple formats even within an organization. Then there are needs for dynamic reports where users would like to drill down to the source/details of the transaction from a data point. To cater to such a wide range of requirements, modern ERP Systems like ebizframe come with a large number of ERP reports across various modules and provide the following:

1. Ready-to-Use Reports: These are the reports which are created after considering the various end-user ERP Reporting Requirements from thousands of users, representing different businesses and functional areas. All such reports come bundled with the ERP System Software.

1. User-Managed/Defined Reports: These are user-specific ERP reports that are generated by giving users the access to multiple parameters in a particular business area, thus creating various permutations/combinations and leading to a variety of end-user reports.

1. Data Cuts: This particular option gives ERP software users an opportunity to be creative. These are data points which can be used by users to create their own ERP Reporting Requirements in the desired format, having the columns, column names, and arithmetical operations (like summation) and filtering as per their choice.

To obtain valuable business insights, users from a particular organization keep creating new ERP reports, but such reports can be equally suitable for users from another organization as well. With time, the number of such reports keeps increasing. ERP Software companies have come up with novel ways to ensure maximum utilization of such reports.

For instance, Eastern Software Systems has come up with a web portal called RepStore© which is a repository of reports and can be accessed by all their customers. End users themselves can easily download reports from the RepStore© and can plug it into their ERP System all by themselves without any help from the IT team. To understand this by an example, in case a user does not find the format of the Trial Balance Report (which comes loaded with the ERP System) suitable, then he/she can check for alternate formats available in the RepStore©. Whichever format the user likes, he can download the report and plug it into the ERP System. Also, by looking at the same report in a different or newer format, users can get an idea about how others are analyzing the same data, so that best ERP reports can be adopted by them.