I can’t help smiling when I see legacy BI/Planning application vendors -that were not so long ago laughing away Power BI- coming out with their own “Power BI Integration” after Microsoft has turned around the industry. These are more often than not nothing but “a marketing spiel” to build on Power BI’s awareness and of very limited use in real life application scenarios.
The default visuals in Power BI are not perfectly suited for financial reporting. There are ways to realize more advanced financial reporting requirements using DAX as Managility describes in Income Statement using DAX These, though typically require intermediate knowledge of DAX that many financial professional don’t necessarily have.
Alongside the biggest growth on our platform in Q1 of this year with a record number of new customers -including Fortune 500, DAX and ASX listed-, we are very happy to introduce the amazing additions to Acterys with version 21.1 that will be released in April 2021.
In many ways a game changer: not just in regards to improved existing features, but also completely new product components. Here is an overview of the most important improvements and new additions:
In this blog, I am covering the latest trends in the business performance management (BPM) market. BPM solutions in this context include software applications for business management-related reporting including consolidated results, all aspects of planning (strategic, operational, driver based, zero based budgeting, etc.) and forecasting.
Power BI is the leading analytics platform – with the right approach it can be turned into an extremely versatile and powerful platform for Planning, Forecasting and Write back. Currently there are 2 main types of planning solutions in Power BI:
Visuals connected to a central model via web service
Data entry, planning and Wrte-back are key aspects of the performance management process not covered out of the box in Power BI. Acterys as developed to address that by offering a comprehensive ecosystem for enterprise grade business modelling, planning and consolidation that seamlessly integrates with the market leading data discovery solution Power BI and Excel/Excel Online.
In this blog we cover how you can realize a rolling forecast with Power BI (this approach works equally with Excel Pivot Tables). A rolling forecasts is a widely used concept for financial analysts that shows actual data until a cut off date and after that future assumptions like budget or forecast values. It looks something like this:
Following the tremendous success of these solutions with now more than 1000+ companies under management we have made significant improvements to all Apps (Xero, QuickBooks, HubSpot, MYOB, Dear Inventory) in particular the Power BI related Xero Reporting and Budgeting aspects. These include nearly all of the most asked for features on our Customer Success Platform and then some more.
Acterys 20.1 Is Here!
Acterys 20.1 introduces revolutionary, new features for analytics and planning processes setting new standards for: Versatility
Ease of Data Integration and Value For Money
The Xero accounting system is getting widely accepted in larger organisations with requirements to create consolidated financial statements for multiple Xero companies. In this article I would like to explain how you can completely automate the consolidation process and add analytics options with Power BI or create dynamically updating reports in Excel.
