Microsoft FRx Benefits 

Microsoft FRx Benefits

Microsoft FRx gives companies a highly responsive reporting system to help increase your confidence in the accuracy and timeliness of your data. You'll also help improve overall operational efficiency by accelerating insight, analysis, and decision-making.

Timesaver

• Access to the right information on a scheduled basis or on-the-fly
• Helps different levels of management prepare quick and accurate financial reports
• Close books faster and quickly distribute information tailored to the needs of your staff
• Distribute financial reports quickly and easily
• Use Microsoft Outlook to save time and money by eliminating the need to print, copy, and distribute hardcopy financial reports

Ease of use

• Provids easy-to-understand reports that make financial analysis and tracking simple and clear
• Define, generate, view, distribute, and manage financial reports from your desktop
• Capability to  "drilling down" on information, all the way to the transaction detail level

Low total cost of ownership

• Reporting and analytics software that works with systems you already use 
• Extends the life of older but functional accounting systems but also adapts to changes such as corporate restructuring, mergers, and acquisitions.

Ten top mandates for new reporting era

 Today's guidelines for financial reporting call for the highest possible level of accuracy, speed, and competency.

1. Guarantee corporate integrity by ensuring consistency with numbers and transparency across the organization. This includes finding ways to facilitate the gathering and reporting of accurate information.
2. Promote greater collaborationand communication among different departments, putting an end to the "silo" mentality that keeps data in separate places and prevents applications—and people—from sharing up-to-date information.
3. Increase business insight inside the company, so virtually any employee can identify a mistake or questionable activity before it becomes a major issue.
4. Provide better information management by ensuring that everyone involved in the company's governance processes is knowledgeable and informed. This includes enhancing the board’s understanding of how the company reports financials (that is, what the numbers mean and what metrics are supported by the numbers).
5. Empower your employees with a heightened responsibility for detecting and correcting financial reporting anomalies, inaccuracies, and omissions.
6. Improve relationships with investors by providing a better picture of non-financial performance in areas such as productivity levels, operational quality, overhead, customer satisfaction and loyalty, work-force loyalty, the level of innovation within the company, the value of its brand names, and more. 
7. Install a tighter system of checks and balances to reduce the chance of errors. Maintain accuracy and integrity in an environment where shared responsibility requires additional controls.
8. Empower budget-makers with technological tools that help increase their budgeting/forecasting accuracy.
9. Implement financial software to help strengthen controls within business units.
10. Improve collaboration with investors by communicating consistently and frequently.