Financial scorecards: SYSPRO introduces solution for gauging fiscal health
ERP solutions supplier SYSPRO released a solution aimed at gauging financial health for small and medium-size businesses (SMB). Financial Ratio Analysis is an addition to SYSPRO’s general ledger module.
SYSPRO , an ERP software supplier,
Financial Ratio Analysis incorporates more than a dozen financial metrics, including efficiency ratios, profitability ratios, business activity ratios and liquidity ratios among others.
Existing SYSPRO customers will gain the new functionality automatically as part of the company’s General Ledger solution at no additional cost.
SYSPRO executives say this proactive approach to adding enhancements removes the need of waiting months or even years to install a major release or expensive upgrade.
All financial ratios are also available via standard reporting, as well as through “executive dashboards” that provide operational management with “at-a-glance” reporting and querying capabilities.
The new financial capabilities include a comprehensive set of standard ratio/metrics, as well as specific financial health monitoring/analysis capabilities geared specifically to the growing SMB manufacturing and distribution organizations served by SYSPRO.er to debt ratios.” The addition of financial ratio analysis as an out-of-the-box addition affirms SYSPRO's commitment to delivering value beyond accounting and transaction processing—it adds real business value and vision to ERP,” said Brian Sommer, president of market research and analyst firm, TechVentive. "This new financials solution is well suited for top executives as well as boardroom reporting, real-time performance monitoring, detailed analysis and what-if analysis."
According to Joey Benadretti, President, SYSPRO USA, “The added capabilities of providing business ratios to the general ledger without having to purchase an expensive business intelligence suite will be welcomed by CFO’s across our user base to enhance better decision making.”
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.