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Excel Report Designer set to revolutionise end-user financial reporting


Johannesburg, 14 Oct 2010

Leading BI software vendor, Alchemex, today announced the launch of its new Report Designer, an innovative enhancement in version 7 of its reporting software for Sage 50, Sage ERP X3, SAP Business One and SYSPRO.

Alchemex reporting software has simplified financial reporting for thousands of customers worldwide in the SME space in the past 10 years. Now, claims MD of Alchemex South Africa, Charles Teversham: “We are moving up a gear by launching our new Report Designer that will change the way you view your reports.” He cites the company's focus on innovation as the key reason for the release of the Report Designer, which now ships standard with version 7 of Alchemex for Sage 50, Sage ERP X3, SAP Business One and SYSPRO.

Says Teversham: “It has always been our philosophy to making report writing easy for the end-user and this is our best product yet to do just that. We are committed to continually innovating to simplify financial reporting and demystify BI for SMEs so that companies can get better visibility into their data for informed decision-making. The Alchemex Report Designer was designed specifically to take the frustration out of advanced financial reporting.”

Michael Brennan, Alchemex Product Manager, says: “We are very encouraged by the positive response from the market thus far. People are immediately seeing the value in being able to create advanced financial reports so easily and intuitively. Many of our business partners have been scheduling their ERP implementation projects specifically around the release of Alchemex 7 to harness the powerful Report Designer functionality.”

He explains: “Alchemex software delivers real-time data directly from your accounting package into the familiar environment of Excel (and in predefined financial report layouts for select install bases). The Report Designer then provides a graphical interface, which allows you to drag and drop columns you want to see on your report. You can choose from a list of predefined calculations or create your own. Financial reports can quickly and easily be set up to include meaningful aggregated prior, actual and budget figures, providing invaluable detail for better decision-making.”

Over and above the predefined financial layouts and calculations that are real time-savers, the Report Designer caters for segmented general ledgers, consolidations and column-based reporting. Newly added accounts and updated data can be refreshed in existing financial report layouts at the click of a button. Reports can be saved, then distributed, viewed and printed as pure Excel documents, which make for easy collaboration within a business. And the Report Designer What-If Analyser can quickly simulate how future scenarios may impact the bottom line.

Teversham expounds: “The Alchemex Report Designer puts flexible financial reporting in the hands of the end-user, removing the bottleneck of requests to a company's IT department. Users can save time and view reports in different ways, quickly and easily, without having to call on a technical resource and without needing to understand the technical nature of databases and database queries. We firmly believe that this can revolutionise financial reporting.”

Free 30-day trial software for Alchemex Version 7 for Sage 50, SAP Business One, Syspro and Sage ERP X3 can be downloaded at http://www.alchemex.com\DownloadDetails.aspx. View the Alchemex Report Designer

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Alchemex

Alchemex is a leading developer, enabler and support provider of affordable Excel-based business intelligence software for small to mid-market enterprises.

For nearly 20 000 registered users in Africa, Asia, Australasia, Europe and North America, Alchemex's reporting software delivers automated financial, payroll and other decision-support reports and analyses in Microsoft Excel 'at the click of a button', directly from a company's accounting or payroll system.

Alchemex integrates with leading accounting and payroll packages, pulling real-time data directly from the database, thereby eliminating manual report preparation and repetitive data extracts. Alchemex provides complete automation of ready-to-use Excel reports for MYOB Exonet, Pastel Accounting Evolution (BIC), Pastel Accounting Partner (BIC), Pastel Accounting Xpress (BIC), Pastel Payroll (BIC), Sage ERP Accpac (SAI), Sage ERP MAS 90/200 (SMI), Sage ERP MAS 500 (SMI), Sage50, SAP Business One, Simply Accounting by Sage (SAI), Sybiz Vision (BIC), SYSPRO and VIP Payroll (BIM).

Alchemex is a Microsoft Gold Certified Partner.

Visit: www.alchemex.com| BI Community: www.alchemex.ning.com | BI blog: www.alchemex.com/blog| Online Training: www.alchemexacademy.com