Professional Sports Team Financial Reporting with Dynamics GP
By Matt Felzke | Solver
In this article, we’ll explore today’s best financial reporting solutions for professional sports teams that depend on Microsoft Dynamics GP for data management and analytics.
In today’s business world, a dynamic financial reporting tool is necessary for transforming your company data into analytics that better prepare you to make sound decisions for your organization’s future – and it’s no different for professional sporting teams. As a professional sports organization, you might be overwhelmed staying competitive as a team, a corporation and a brand – AND figuring out your best option for financial reporting to help you to do just that. In this article, I’ll go about discussing the feature and functionality offerings in modern financial reporting tools you can use as a professional sports team with Microsoft Dynamics GP.
As a definition, financial reporting produces custom financial statements compiling your operational and transactional data, either directly from Dynamics GP or from a Business Intelligence (BI) data store, like an online analytical processing (OLAP) cube or data warehouse. Dynamics GP has a built-in legacy reporting function, called Report Writer, but a lot of users are relying on the retired FRx or its successor from Microsoft, Management Reporter (MR). There are other modules that GP comes equipped with: Analysis Cubes, Power BI, Smartlist, SSRS, and more, which makes for a lot of technology to learn. Furthermore, none of these are a unified, universal financial report writer that can report across all of the GP modules, are easy-to-use when designing reports, and additionally offer web and mobile end user solutions with today’s formatting. But independent software vendors (ISVs) have excelled at bringing more dynamic, more business user friendly report writers to the marketplace that empower finance teams to create customizable, reusable templates, with analytical capabilities that will particularly serve and meet your professional sporting BI needs. When seeking the best reporting tool, you should evaluate how you want to integrate your data, whether you want to go with an Excel, web, and/or proprietary platform, as well as other characteristics, like ease of use, security, and collaboration, amongst other things.