Introducing JourneyTEAM’s Business Central Reporting Package

Revolutionize your financial data tracking and reporting with Microsoft Business Central and Power BI.

By Ryan Humphrey

Associate Functional Consultant at JourneyTEAM

Financial data is part of the bedrock that makes up your business. It’s what provides valuable insight into your company’s financial health, overall business performance, customer trends, compliance—the list goes on and on.

But, how long does it take you to access this valuable information? Even with a powerful ERP system like Microsoft Business Central, analyzing and tracking data can often be a lengthy process. By the time you have the information, data may have already changed, resulting in a missed opportunity or reporting error.

Now more than ever is the time to elevate your financial data analysis and reporting. Only with real-time data tracking can you maintain your competitive advantage. JourneyTEAM’s Business Central Reporting Package delivers invaluable tools that expedite growth, streamline income initiatives, and quicken decision-making.

Data Limitations within Business Central

Business Central is a cloud-based ERP that provides users with an accessible and inexpensive solution that’s ideal for small- to mid-sized businesses. Additionally, because Power BI supports Business Central, users have access to detailed reports that offer valuable insight into financial data.

However, despite the many features included within Microsoft Business Central, the solution is limited. One of the biggest drawbacks of the tool is that locating high-level data is difficult. Additionally, once this information is found, drilling deeper or expanding data is strenuous. Even with the quick and easy visual reports included with Business Central, executives or managers are only provided with a high-level view; its minimal reporting features make it difficult to drill deeper. Finally, the solution only allows users to refresh data a few times per day, meaning you won’t have continuous access to data.

Overcome Limitations with Business Central Reporting Package from JourneyTEAM

Your financial data is a key indicator of your company’s overall health, performance, and long-term growth potential. However, the data limitations within Microsoft’s ERP solution may be preventing you from fully tapping into its potential. With the Business Central Reporting Package from JourneyTEAM, you’ll have a complete, comprehensive, and in-depth view and understanding of your entire organization.

Our reporting package features the App and Complex DataSet - Data Model which provides you with in-depth financial insights via generated reports. While you’re able to use the existing reports within the solution, you’re able to customize each one to fit your company’s unique accounting period. Additionally, you can tailor the report to fit specific company dimensions and locations. If none of the included reports fit your needs, you have the option to create your own.

Unlike Business Central and Power BI, our reporting package is designed to look at all your data—not just what you have posted to your general ledger or purchase orders. You’ll have access to previously unexplored data that may unlock your biggest opportunity yet.

Our reporting package features three main reports:

• Executive Page: Using this report, executives and business leaders have a high-level overview of the company’s financial state. However, they’re able to drill deeper into data simply by hovering over various points on the line graph to see differences between the planned revenue and the actual revenue.

• Inventory Manager: Diving further into data, the Inventory Manager page generates reports based on the information within the inventory ledger entry table. This report enables you to see:
  1. Outstanding inventory
  2. Inventory turnover
  3. Outstanding sales
  4. Total units sold
• Sales Manager: If you’re looking to get a high-level overview of the company’s sales at a specific point in time, utilize the Sales Manager page. Here, KPIs across the top of the report detail sales revenue, number of new customers, GPMs, and number of units sold for the current year. You then have the option of viewing sales by company, location, product, and salesperson. You’ll also have the ability to compare sales revenue over time

For example, using the cross-filtering and highlighting features, you can select one of your top-selling items. Once selected, you’ll know which of your customers are frequent purchasers of those items or which US region those sales were located.

Armed with empowered insights from these reports, you’re truly able to see how your company is performing. Potential sales opportunities or roadblocks are quickly identified, helping you to save time and make decisions quickly. Moreover, you’ll have a continuous, real-time check on your financial data, something that few solutions provide.

How One Company Enjoyed Immediate Insights with Our Reporting Package

Vectors Inc. is a company based in New Mexico and Colorado. They’re one of fewer than 20 distributors within the US to supply Trimble Geospatial products, a precision instrument that’s crucial for surveying, construction, and civil engineering. The nature of the wholesale and distribution industry is the need for continuous tracking and monitoring of inventory levels, sales, and purchases to ensure a healthy supply chain.

The company turned to JourneyTEAM to improve their ERP system. This migration resulted in a new granular view of contributing data as well as a high-level view of company finances. Using our Business Central Reporting Package, Vectors obtained a better, more in-depth view of company well-being. Each of our reports provided executives with actionable business insights that significantly improved their ability to make decisions.

One of Vectors’ top requirements for a financial reporting solution was customization. They wanted to analyze data based on fiscal year rather than calendar year. Additionally, they wanted to configure report settings to reflect transaction context by service type such as sale, support, or rental. Finally, they wanted the ability to design filter options for dimensions, jobs, and location codes that were customized to their specific values.

The Business Central Reporting Package provided the exact level of customization Vectors required. Our customizable reports allowed company executives to modify reports for sales context as well as create new reports using the included fields and measures. The reports they received showed data changes over time, allowing them to see historical trends and anomalies. Using these potent insights, Vectors streamlined decision-making and maintained its competitive advantage.

Business Central | Power BI | Finance & Operations | Supply Chain

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Why JourneyTEAM

JourneyTEAM is an award-winning consulting firm with proven technology and measurable results. As a Microsoft Gold Partner, we have extensive knowledge of each of Microsoft’s products including Dynamics 365, SharePoint intranet, Office 365, Azure, CRM, GP, NAV, SL, AX, and can help you tailor the software to fit the exact needs of your organization. We have solutions for solutions for sales, marketing, productivity, collaboration, analytics, accounting, security and more. JourneyTEAM specializes in the industries of Finance, Media & Communications, Capital Equipment, Manufacturing, Installation, and Service. Whether you’re looking for total project support or someone to help you along the way, JourneyTEAM will provide the exact level of support you need. Contact us today to get started. www.journeyteam.com

Some of Our Awards:

• 2019 and 2020 Microsoft US Partner of the Year for Business Central and Media & Communications
• Microsoft awarded us the 2020 Crystal Eagle Award (Top 5 in the world) for Business Central
• Okta Certified Professionals
• VARS Stars 2019 and 2020 Winner
• 2020 Inc Magazine Best Places to Work