Alchemex for MYOB releases in Australasia

ALCHEMEX, one of the business intelligence industry's fastest growing mid-size software vendors, has released its latest offering, which is set to have a major impact on the accounting market in the Australian territory. The “Alchemex for MYOB Small Business” reporting solution promises to revolutionise the way MYOB users generate their reporting into Microsoft Excel.

Alchemex offers a disruptive, unique and refreshing approach in a BI environment that has become bogged down with high ticket prices, delayed deployments, failed integrations and slow response to BI requests. The launch of “Alchemex for MYOB Small Business” as the latest offering from Alchemex reflects the Alchemex commitment to innovation.

Alchemex provides reporting solutions that interact with a company's accounting system and deliver automated financial and business management reports off a company's own data and in a familiar Excel format. This functionality fills the gap that most accounting applications cannot - the extraction of data from the accounting package into a preformatted Excel report automatically and on demand - thus eliminating manual report preparation and repetitive data extracts. Users can then view, manipulate and analyse trusted information in the familiar environment of Excel. Gary Boddington, MD of Alchemex, puts it simply: “Alchemex delivers two key elements for SMEs: (1) a low-cost integration into existing IT infrastructure and (2) business intelligence technology that is easy and accessible.”

Commenting on the pedigree that Alchemex now brings to MYOB small business users, Chris Millar, Director of Alchemex Australia, says: "Alchemex has demonstrated the quality of their software and solutions in the mid tier over nearly a decade now. With thousands of companies now running Alchemex solutions across Australasia, Europe and Africa, we believe we have a solution, which adds immeasurable value to our business partners and clients and which will undoubtedly drive BI growth into the MYOB customer base.”

Alchemex's flagship Management Pack report now provides a solution for MYOB users that eliminates all the monthly grind and inconsistencies of manual reporting in Excel. The data resides in a secure source and feeds into pre-formatted Excel Income Statement and Balance Sheet reports on request, leaving the user with little or no work to do to get the required results. High-level summaries, account groupings and even detailed transactions can be accessed immediately, for both the current and prior year, in different views as determined by the user, in the Excel report. Alchemex also provides the ability to consolidate data from multiple disparate sources, eg, across multiple companies or divisions, in a dashboard style view. This graphical representation of data in Excel is particularly useful for providing management and executives with an overview of the business to identify trends. Drilldown capabilities allow for transaction details to be viewed at the click of a mouse. Go to: http://www.alchemex.com/_video/_mp_demo.html to run video demonstration.

“Our financial reporting is easily the biggest time-saver for our customers and more than offsets the initial investment in Alchemex,” says Millar, “but we ship with sales, purchases and inventory standard reports as well, so are leading the way in democratising the distribution of information in companies to ultimately drive better decision-making”.

With an attractive Australasian launch offer, Alchemex has presented a very compelling argument for MYOB small business users, who are wanting to take the grind out of their management reporting, save time and increase efficiencies, to invest in 'Alchemex for MYOB Small Business'. Two affordable options are available.

"We believe we provide the simple and affordable answer that MYOB users are looking for in a BI solution," says Craig Boddington - Sales Director at Alchemex Australia. “We offer a product that is easy to deploy with free ready-to-use reports, making it simple to use for most average end-users as well as advanced users, because we present the reporting front end in the familiar environment of Excel. It also offers enormous flexibility to report on multiple individual companies, by simply pointing at different MYOB businesses (.MYO files). Our solutions also allow for effortless consolidations or linking multiple similar and disparate data sources. To us it's all about making good on our promise of delivering business intelligence, simply.”

For more information: visit http://www.alchemex.com.
Australia: e-mail craig@alchemex.com.au or telephone +61 (2) 9890 2339.
South Africa: email sales@alchemex.com or telephone +27 (31) 2669112.