There’s a good chance you’re acquainted with Jet Reports if you are a partner or customer of Microsoft Dynamics ERP products. Jet Reports is the number one add-on product for Microsoft Dynamics NAV and Dynamics 365 Business Central.
The major attraction of the Jet Reports product is its ability to apply the flexibility and analytical power of Microsoft Excel to accounting or ERP systems in a platform that non-programmers can master. Jet Reports and its related products, such as Jet Budgets, are developed and distributed by Jet Global.
Open Door #1 in Canada and #13 in North America
In January, 2020 Jet Global (formerly known as Jet Reports and now owned by insightsoftware) reported Open Door Technology as the #1 reseller of Jet products in Canada for 2019 and #13 overall in North America. Previously in 2017 and 2018, Open Door had been the #2 reseller in Canada.
We think this is an impressive achievement considering Open Door’s decision to focus on one mid-market ERP platform, Microsoft Dynamics 365 Business Central, compared to national and international firms carrying multiple products. Open Door was one of the original Jet partners and continues to believe in the value of Jet Global products for our customers.
Jet Reports offers several key value propositions
The first and most important proposition is that Jet Reports moves reporting capability into the hands of the customer and takes it out of the hands of the ERP partner. This is critical because reporting needs will change over time and it is only the customer who truly understands their own business. Changes can be implemented within a very short timeframe and for no external cost. Whether you need a financial or operations report, or need to combine ERP information with information from other sources, Jet Reports is your tool.
The second is Jet Reports’ ability to take advantage of the flexibility of Microsoft Excel as an analytical tool. Both accountants and operations personnel understand the utility of Excel in tracking key information useful to them. In the past, keeping information in Excel meant the data had to be input more than once, was subject to error, and could quickly become out of date. Jet Reports pulls information in real-time, which cancels out the negatives.
Jet Report’s innovative, turn-key reporting and performance management solutions give you real-time access to data-driven insights in an efficient, cost-effective, and secure manner. It enables users to unlock the power of their data to drive better business outcomes.
Tired of wrestling with slow, inflexible ERP budgeting tools?
Users of Dynamics NAV and Business Central who require more advanced budgeting capability will appreciate many of the additional features Jet Budgets brings to the table. Instead of relying on brute force and a few formulas in Excel, Jet Budgets offers five different budget method options including:
- Top Down Budgeting
- Bottom Up Budgeting
- Zero Based Budgeting
- Hybrid Budgeting Method
- No Budgeting Method
Once the budgets have been completed, they can be imported directly to Dynamics NAV or Dynamics 365 Business Central. There are a number of pre-built report templates to use for budget analysis, which can be further customized. A couple of examples include: Actual vs. Budget Report, and Income Statement Projected by Month Report.
The budget structure in Jet Budgets can be configured to meet the needs of your organization. It also supports all reporting cost centers (dimensions), whereas the accounting budget option only supports a maximum of four different cost center levels.
Additionally, Jet Budgets manages the distribution of budget worksheets to budget managers. All data created by Jet Budgets will be available for reporting if you choose to use one of the Jet reporting tools.
Jet Reports offers intriguing capability if you need that additional oomph in your budgeting process
*Does your SaaS cloud partner give you access to your ERP database? We believe responsible SaaS partners should never hold their customer data hostage. It is your data after all. Read our previous blog here to learn why this occurs and what alternatives can give you maximum access to your ERP database.