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Management Reporter Jet Reports

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Management Reporter vs. Jet Reports

Dec 21, 2023

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Management Reporter Jet Reports

Importance of Reporting Tools in Business Management

In today’s dynamic business environment, the significance of robust reporting tools cannot be overstated. Efficient financial reporting software and business intelligence reporting play a pivotal role in business management; aiding organizations to make informed decisions, monitor performance, and strategize for the future. Two prominent players in the reporting tools arena are Management Reporter and Jet Reports.

What Is Management Reporter?

Management reports are essential components of business intelligence, providing a comprehensive overview of an organization’s financial performance. Management Reporter, a powerful financial reporting tool, stands out with its versatile report designer, enabling the creation of dynamic reports tailored to specific needs.

What are Jet Reports?

Jet Reports, on the other hand, is a dynamic business intelligence tool that goes beyond conventional financial reporting. With its user-friendly interface and Jet Dashboard Designer, organizations can leverage its capabilities for comprehensive financial reporting and analysis. Jet Reports is known for its adaptability and ease of use, making it an asset for businesses aiming to enhance their reporting processes.

Management Reporter vs. Jet Reports: Key differences

Management Reporter (MR) is a standalone application from Microsoft that pulls data from Dynamics GP, while Jet Reports is an Excel add-in that pulls data into Excel from Dynamics GP. Jet Reports works with Microsoft Dynamics GP 9 (November 2005 release) and later. Both tools were designed specifically for working with Microsoft Dynamics data and integrate seamlessly with Dynamics GP, but there are several key differences.

  • Building reports – MR reports are built in components one-by-one, starting with defining rows, then defining columns and trees, while Jet Reports are built in whole, not in components, cutting in half or more the time it takes to create a report.
  • Previewing reports – You cannot preview reports in MR, unless you assign a row to an actual report. In Jet Reports, you can easily toggle between design mode and report mode to check and see if the formatting and formulas you used are working as desired.
  • Adding new accounts – When a new account is added in Dynamics GP, it must be manually added to Management Reporter. Due to the way MR is structured, not all data changes in Dynamics GP will be tracked on the change tracker and do not update the data mart, which is the tool that syncs MR with Dynamics GP. At times there might be hard coding involved to change how the data mart pulls data from Dynamics GP. On the other hand, Jet Reports has the ability to refresh data from Dynamics GP at any time and new accounts will show up, without any hard coding or manually checking for new accounts.
  • Data extractions – MR connects directly to your instance of Dynamics GP, however you can only create reports in MR using that data – you cannot pull from any other source. In contrast, Jet Reports allows you to pull data from numerous sources and consolidate it together, rather than just pulling data from Dynamics GP for building reports. Jet Reports can extract any data from Dynamics GP into Excel, and when the data refreshes, so does your pivot table.
  • Working in Excel – When building reports in MR, you can link to an Excel spreadsheet as a reference and pull in data from a spreadsheet. MR users often find themselves switching between MR and Excel when building reports to pull in data from different sources that might have been exported into Excel. With Jet Reports, you’re working directly inside Excel and can pull data from a variety of locations in addition to from Dynamics GP. This creates a smoother workflow and reduces the need to switch between applications to find the necessary data for a report or dashboard. Additionally, with designing Jet Reports inside Excel, you can take advantage of formatting options, copying and pasting, and other functionalities you are used to in Excel.
  • Compatibility – The most recent version of MR reporter is Management Reporter 2012, last updated in 2014, and is compatible with Dynamics AX 2009 and 2012, Dynamics GP 2013 to 2018, and Dynamics SL 2011 and 2015. Jet Reports is regularly updated by insightsoftware, and is compatible with all Microsoft ERPs including Dynamics 365 products, Dynamics NAV, Dynamics GP, Dynamics AX, Dynamics CRM, and Dynamics SL.
  • Migrating to a newer ERP system – Dynamics GP is no longer supported by Microsoft and many companies realize they will eventually need to migrate to a newer ERP such as Dynamics 365 or choose a new ERP altogether. MR is not supported by newer Microsoft products, and as such, none of your reports built inside MR will migrate with you to a new system. On the other hand, all worked completed in Jet Reports carries over into any ERP you choose since it is an independent platform and can pull data from any source; all you would have to do is update the data connectors.

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Conclusion

In conclusion, while both Management Reporter and Jet Reports serve essential roles in the realm of reporting tools, the latter stands out as a superior choice for businesses aiming to elevate their business management with efficient financial reporting and business intelligence capabilities. The decision ultimately hinges on the specific needs and priorities of each organization, but Jet Reports’ user-friendly features and comprehensive functionality position it as a strong contender in the reporting tools landscape.

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Customer Success Stories

See What Our Satisfied Customers Have to Say about our Jet Training Program. 

Ahmad Hammad, MBA
Ahmad Hammad, MBA
BI & ERP Specialist at SYH Retail - IKEA
Read More
Implemented Jet Report for IKEA with Global Data 365 who were professional, adhered to timelines, and provided advanced reporting tools. I highly recommend them.
Rukku Shantha
Rukku Shantha
IT Manager & Reporting Specialist, MPH Global
Read More
Collaborated with Global Data 365 on Jet Reports license and training. Very resourceful and quick to respond to support requests. Highly recommend their services.
YADİGAR KÖKSAL
YADİGAR KÖKSAL
Finance and Accounting Manager, ATC
Read More
Jet Reports exceeded our expectations with its many features. The training allowed us to create useful reports, and we highly recommend it for monitoring companies in the future.
LAWRENCE KILINGA
LAWRENCE KILINGA
Business systems analyst, Amref
Read More
Partnered with Global Data 365 for Jet Reports implementation. Their expertise and insights have been invaluable in automating management reporting. Highly recommend their services.
Tonderai Mazingaizo
Tonderai Mazingaizo
Director of Finance & Operations, Afghanaid
Read More
Incisive insights on Jet Reports and their capabilities in resolving financial reporting requirements
Antonio Vasconcelos
Antonio Vasconcelos
Microsoft Dynamics Functional Consultant, Port Logistics
Read More
Global Data 365 implemented Jet Reports at my workplace. With their assistance, we were able to automate most of our reporting. Their support was excellent.
Joseph Pires
Joseph Pires
Assistant Financial Controller - Al Ghalia
Read More
We worked with Global Data 365 in implementing Jet Reports at Al Ghalia. It was done in a timely manner as well as support and training provided by them was outstanding.
Sanket Shah
Sanket Shah
Financial Accountant - City Of Palmerston
Read More
It was great training session with Global Data 365. We really liked their professional delivery method. We also got extra resource to help us get better at Jet Reports. I highly recommend them.
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Customer Success Stories

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Ahmad Hammad, MBA
Ahmad Hammad, MBA
BI & ERP Specialist at SYH Retail - IKEA
Read More
Implemented Jet Report for IKEA with Global Data 365 who were professional, adhered to timelines, and provided advanced reporting tools. I highly recommend them.
Rukku Shantha
Rukku Shantha
IT Manager & Reporting Specialist, MPH Global
Read More
Collaborated with Global Data 365 on Jet Reports license and training. Very resourceful and quick to respond to support requests. Highly recommend their services.
YADİGAR KÖKSAL
YADİGAR KÖKSAL
Finance and Accounting Manager, ATC
Read More
Jet Reports exceeded our expectations with its many features. The training allowed us to create useful reports, and we highly recommend it for monitoring companies in the future.
LAWRENCE KILINGA
LAWRENCE KILINGA
Business systems analyst, Amref
Read More
Partnered with Global Data 365 for Jet Reports implementation. Their expertise and insights have been invaluable in automating management reporting. Highly recommend their services.
Tonderai Mazingaizo
Tonderai Mazingaizo
Director of Finance & Operations, Afghanaid
Read More
Incisive insights on Jet Reports and their capabilities in resolving financial reporting requirements
Antonio Vasconcelos
Antonio Vasconcelos
Microsoft Dynamics Functional Consultant, Port Logistics
Read More
Global Data 365 implemented Jet Reports at my workplace. With their assistance, we were able to automate most of our reporting. Their support was excellent.
Joseph Pires
Joseph Pires
Assistant Financial Controller - Al Ghalia
Read More
We worked with Global Data 365 in implementing Jet Reports at Al Ghalia. It was done in a timely manner as well as support and training provided by them was outstanding.
Sanket Shah
Sanket Shah
Financial Accountant - City Of Palmerston
Read More
It was great training session with Global Data 365. We really liked their professional delivery method. We also got extra resource to help us get better at Jet Reports. I highly recommend them.
Jet Analytics Training Agenda

JET REPORT Training

  • Introduction to Jet Reports
  • Jet Reports Ribbon Guide
  • Types of Users
  • Data Source Settings
  • Jet Functions Overview (NL, NF, NP)
  • Summary Lists
  • Detail Lists
  • Report Options
  • Grouping Reports
  • Adding Subtotals and Grand Total
  • NL(Column) & NL(Sheet)
  • Browser
  • Report Wizard
  • Table Builder
  • Fast Financials
  • Financial Statements (With NL & GL)
  • Date Intelligence (Comparing Actual vs LY)
  • Multiple Company Consolidation
  • Multiple Databases Consolidation
  • Advanced Filtering
  • Array Calculation
  • Graphs
  • Conditional Hiding
  • +Lock, +Hidesheet
  • Jet Scheduler
  • Jet Hub
  • Word Based Reports

JET DATA MANAGER Training

  • Understanding the concept of Business Intelligence and ETL
  • Understanding Data Warehouse and Cubes
  • Creating Jet Repository database
  • How to create Staging, Data Warehouse and Cubes databases
  • Connecting the JDM project with NAV database
  • Bringing tables and fields to the JDM project
  • Applying Transformations and Data Selection Rules
  • Creating Lookup Fields and making table joins
  • Creating a Data Warehouse from Staging database
  • Combining multiple tables into one table
  • Renaming the tables and fields in Data Warehouse
  • Finishing up the Data Warehouse
  • Creating the Sales Cube
  • Adding Dimensions
  • Adding Calculated Measures and Business Functions
  • Adding Shortcut NAV dimensions
  • Execution Packages and Scheduling
  • Full Load vs Incremental Load
  • OLAP Security
  • Overview of Power BI Desktop
  • Defining Measures and Dimensions
  • Connecting Power BI with Jet Analytics Cube
  • Designing a Sample Sales Dashboard
  • Adding Custom Theme and Logo to Dashboard
  • Publishing the Dashboard on Power BI Web
  • Sharing Dashboard with Other Users

RESOURCES

  • Jet Analytics Training Videos
  • Jet Reports Training Videos 
  • Jet Data Manager User Guide
  • Jet Reports User Guide

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Jet Reports Training
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Training Details

Our Jet Reports public training sessions offer a comprehensive professional learning experience tailored to enhance your Jet skills. Each training spans 4-days sessions, with each session lasting
3-hours, ensuring an immersive and interactive group learning environment. Join us to master Jet Reports training, engage with peers, and benefit from a structured and supportive setting.

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Professional Training
Private Training Programs

Elevate Your Reporting Skills with Our Jet Reports Training Programs Tailored For You

Beginner Training
9 Hours

This training program is designed for beginners with limited or no knowledge of Jet Reports. It is divided into three sessions, spanning over 3 days led by a live instructor. You will gain hands-on experience and guidance to develop essential skills for creating custom reports using Jet Reports training manual pdf. 

Professional Training
12 Hours

This training program offers a deep understanding of Jet Reports, covering basic and advanced topics. Spanning 4 days and totaling 12 hours, it provides an immersive learning experience. With a live instructor, you’ll engage in hands-on exercises to optimize your skills with Jet Reports training manual.

Comprehensive Training
16 Hours

This training program spans four days and covers fundamental and advanced concepts. A live instructor will help you gain valuable insight and understanding of all tools and techniques. Hands-on exercises and practical application will equip you with the expertise to maximize the potential of Jet Reports.

Customer Success Stories

See What Our Satisfied Customers Have to Say About Jet Reports Training.

Ahmad Hammad, MBA
Ahmad Hammad, MBA
BI & ERP Specialist at SYH Retail - IKEA
Read More
Implemented Jet Report for IKEA with Global Data 365 who were professional, adhered to timelines, and provided advanced reporting tools. I highly recommend them.
Rukku Shantha
Rukku Shantha
IT Manager & Reporting Specialist, MPH Global
Read More
Collaborated with Global Data 365 on Jet Reports license and training. Very resourceful and quick to respond to support requests. Highly recommend their services.
YADİGAR KÖKSAL
YADİGAR KÖKSAL
Finance and Accounting Manager, ATC
Read More
Jet Reports exceeded our expectations with its many features. The training allowed us to create useful reports, and we highly recommend it for monitoring companies in the future.
LAWRENCE KILINGA
LAWRENCE KILINGA
Business systems analyst, Amref
Read More
Partnered with Global Data 365 for Jet Reports implementation. Their expertise and insights have been invaluable in automating management reporting. Highly recommend their services.
Tonderai Mazingaizo
Tonderai Mazingaizo
Director of Finance & Operations, Afghanaid
Read More
Incisive insights on Jet Reports and their capabilities in resolving financial reporting requirements
Antonio Vasconcelos
Antonio Vasconcelos
Microsoft Dynamics Functional Consultant, Port Logistics
Read More
Global Data 365 implemented Jet Reports at my workplace. With their assistance, we were able to automate most of our reporting. Their support was excellent.
Joseph Pires
Joseph Pires
Assistant Financial Controller - Al Ghalia
Read More
We worked with Global Data 365 in implementing Jet Reports at Al Ghalia. It was done in a timely manner as well as support and training provided by them was outstanding.
Sanket Shah
Sanket Shah
Financial Accountant - City Of Palmerston
Read More
It was great training session with Global Data 365. We really liked their professional delivery method. We also got extra resource to help us get better at Jet Reports. I highly recommend them.
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Automated Forecasting with Jet Reports

Home > Blogs > Automated Forecasting with Jet Reports

Automated Forecasting with Jet Reports

April 3, 2021

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Automated Forecasting with Jet Reports

The purpose of this article is to introduce the Break-back concept and how you can do automated forecasting in Jet Reports. Organizations, in their budgeting and forecasting process, may use top-down, bottom-up, or a combination of both methodologies. They may also put together different versions of the budget using what-if planning. Break-back can be used throughout the organization to assist in these processes.

Break-back is an effective tool for the management of any organization. One of the capabilities of break-back is the ability to use it as a what-if tool and in assisting management with key decision-making that improves the company’s ability to quickly react to changing market conditions.

This document will detail one specific example and describe how Jet Reports can assist in making the Break-back concept a useful tool in your organization.

Break-back Definition

Break-back is a process that allows the automatic calculation of transaction detail (i.e. budget or forecast figures) based on summary value(s). For instance, forecast all natural accounts based on the user entering a single net income target value.

It is calculated based on assumptions that can be determined on historical averages, trends, or an infinite number of other factors. The example below will allow a user to enter a Net Income value and then automatically calculates values for all GL accounts. It also enables the user to increase or decrease values from a macro or micro level, which allows for deeper what-if analysis.

As an example, project a 25% increase in Net Income while knowing that revenues will only increase by 3%, then the Break-back will calculate the amount that all expenses need to decrease to match the 25% increase in Net Income.

Example

This example will detail the building of a Break-back template that has year-to-date actual figures and will calculate the general ledger-level forecast based on a few assumptions.

The main driver and the only mandatory input is the desired Net Income. This alone will enable the calculation of the general ledger (GL) forecast for the remaining months.

The first step is to create a profit and loss report with a column for year-to-date actual data. Then we will use the concept of annualized actual that is based on the prior year actual revenue. There is a hidden section that brings in the prior year’s revenue, calculates the percentage of revenue for year-to-date, and then assumes that the annualized total will follow the same trend as last year. As an example, if the period parameter is entered April 2019, then the annualized actual will be year-to-date actual figures divided by the percentage of the sum of the revenue for Jan 2018 to April 2018 against all of 2018.

– Revenue Year-to-Date April 2019: $8,675,315
– Total Revenue Year-to-Date 2018 (January – April): $5,889,672
– Total Revenue 2018: $20,400,768
– Percentage of Total Revenue 2018 Year-to-Date: 28.87%
– Annualized Product Revenue 2019 (8,675,315/28.87%): $30,049,584

The next column is of What-If Scenario that is based on two drivers:

– Net Income Projected Amount
– Account Increase/Decrease %

This column projects what GL Accounts should be like in order to achieve the Net Income projected amount. If only Net Income driver is set up, Excel will calculate all GL Accounts based on the historical trend and multiplying it by the new set goal for Net Income. However, if account Increase/Decrease % is also setup like 3% increase in Revenue, it will predict other GL accounts like COGS and Expenses to achieve target goal of Net Income.

Once What-if scenario is completed, it is then divided across months to predict forecasting of each month. This uses historical trend of how each month contributes to the total year’s figures.

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Want to try Jet Reports?

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for 30 Days

Benefits

This template could help businesses in many ways such as:

  1. Helps create top-down budgets and forecasts based on organizational targets.
  2. Quickly create multiple budget or forecast versions (i.e. optimistic, pessimistic, and most likely).
  3. Starting point of forecast or budget.
  4. Can use as guidelines for budget users.
  5. Save labor hours by eliminating time consuming end user data entry.
  6. Helps business to stay on track each month.
  7. Helps in decision making.
  8. Helps in future cash projection.

Resources

Using Jet suite of products, you are now able to pull your actual data right into Excel and can do automated forecasting using break-back. In case you need to design What-If scenario templates for your organization, please reach out to one of our Jet Reports expert.

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