Solomon Frx Advanced Fact Sheet

Solomon Frx Advanced Fact Sheet


FRx Advanced

FRx Advanced

FRx Advanced is a powerful and easy-to-use financial reporting application that interfaces with the accounting system to provide comprehensive, meaningful, and highly adaptable financial and management reports. You can design and change income statements, balance sheets, regulatory reports, and side-by-side comparisons — to whatever your business demands, regardless of the complexity. FRx is an application that gives you the information you need, when you need it, to make challenging management decisions.

Flexible to Fit Your Business

FRx is a powerful yet flexible financial reporting system that adapts to Solomon and your business automatically, allowing you to view and select reports based on your operating structure. Information is entered and maintained with familiar spreadsheet commands and functions, so you won’t have to use difficult and complicated programming scripts or macro languages. Instead, FRx lets you establish the structure and contents of your financial reports using row formats, column layouts, and reporting trees. This gives you control of every aspect of how a report is presented. In addition, flexible font and style selection helps you produce presentation-quality reports.

Reporting Trees Allow Easy Organizational Changes

In addition to flexible row and column specification, FRx uses reporting trees to establish relationships among your various reporting units — apart from your chart of accounts. You can reflect new reporting relationships without modifying your chart of accounts or changing data entry procedures. Each unit in the reporting tree can draw data from a different database, including those residing on different networks or file servers. Reporting trees can be easily modified using simple drag-and-drop techniques. In addition, you can create multiple reporting trees to design different reports for specific purposes.

Drill Down for Financial Detail

FRx allows you to quickly check the data underlying a financial report. You can run a Òtransaction detail” report to view summarized balances and drill down to General Ledger transaction detail, or even down to the originating document. The built-in FRx DrillDown Viewer lets you drill down the displayed report to the desired level of detail. You get the information you need, when you need it — without the hassles of jumping from system to system or learning scripting languages or report writing syntax, which is so common in today’s applications.

Process Reports on Another Workstation

Free up your workstation from processing report after report by using the optional FRx Report Server module. This module generates reports on a different workstation while you move on to other tasks. FRx Report Server includes a Report Scheduler that allows you to schedule reports

on an hourly, daily, weekly, monthly, or annual basis. Users can design reports during the day, schedule them to process throughout the night, and review the results in the morning.

Business Issues / How This Flexible Product Can Help
Your business requires the ability to consolidate financial data from multiple systems and databases. / FRx can access financial data from a wide range of accounting systems and databases and then consolidate that information into a single financial report. Each column or row on a report can contain data from a different database.
Report security is critical. Access control should be comprehensive and easy to maintain. / FRx enables you to password-protect rows, columns, and trees to prevent unwanted changes. You can also secure FRx building blocks based on the user ID.
You spend too much time updating reports each time a new account is added. / Account sets (groups of accounts) and multiple tree structures within FRx Advanced make report maintenance fast and efficient. By maintaining account sets, you can add new accounts that flow through to every report without having to maintain them individually. The same is true of the tree structure used for maintaining information about cost centers.
You’d like to give employees access to run the reports they need — without the ability to change them. / Users who need printed reports but do not need to design them can simply use the Report Launcher to print financial reports from within FRx. With Report Launcher, for example, administrative personnel or managers can help themselves to the reports they need — whenever they need them. No more waiting for distribution from the accounting or systems departments. Report Launcher can be purchased separately for individual users.
Manual report distribution wastes time and paper, and isn’t always reliable. / FRx Advanced lets you set up e-mail distribution lists and e-mail reports directly from the FRx DrillDown Viewer menu, Catalog of Reports, or Report Launcher. You can instantly distribute reports to anyone in your organization regardless of time or location.

FRx Advanced delivers these additional features:

  • Option to report on unposted transactions
  • Flexible row specifications to pull data from different sources, including other reports, and perform complex calculations
  • Modular column layouts so you can create side-by-side departmental or multi-company comparison reports and perform complex calculations
  • Catalog of Reports for easy recall and printing
  • Dynamic linking to Excel and Lotus spreadsheets
  • Tab format for easy navigation
  • Export/import of report specifications
  • YTD/PTD/MTD reporting
  • Department data across columns
  • Enhanced printed output: print to screen, print footers, and underline/double underline

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Microsoft Business Solutions–Solomon1