Analyst Financials says that it has awarded prime distribution of its solutions for southern Africa to Comparex Africa Pty. Ltd., in recognition of the company's extensive product skills and knowledge.
The ICT integrator and solutions provider was previously a sub-distributor of the product.
Client feedback has indicated that companies are often hard put to extract transaction data from their core financial systems into Excel, for reporting purposes, in a way that all users can easily access, the company says.
In response to these real business needs, Analyst Financials was developed as a simple yet powerful out-of-the-box Excel-based financial reporting solution suitable for most companies.
It claims to offer an intelligent ERP interface, GL reporting, reporting from other modules, budgeting, statutory consolidation and automated generation distribution, all rolled into one.
"This is of high importance to companies in the current economic climate, where 55 percent of new ledger purchases are made because of inadequate financial reporting," says Kevin Scholl, managing executive at Comparex Africa's Mainstream division.
"Best-of-breed financial applications available locally through Comparex Africa will enable customers to drive profitability by interpreting financial data, streamlining the financial supply chain and improving long- and short-term business performance."
Comparex Africa's Mainstream/Tetra division boasts 20 years experience in providing business solutions and has implemented Analyst Financials at many top SA companies, including Old Mutual Zimbabwe, Metropolitan Life, Cadiz, Naspers and most recently Foschini. Version 2.9 was scheduled for release in January. In this version, Oracle, DB2 and Micro Soft SQL Server Databases are said to be supported.
It is also said to include reporting enhancements, database calculations, alerts and an enhanced install wizard.
The company says that its vision for clients is to assist them to move beyond the posting and reporting of financial transactions, towards proactively managing the processes around expenses, revenue and overall financial performance.