Financial Reporting and FRx Plans – Update

Sage has announced that they are committed to ensuring compatibility with FRx Desktop, but Microsoft has announced an end of support date of December 31, 2012. As a result, going forward, Sage will be providing an alternative solution for Financial Reporting within the Sage MAS products.

There is a two-pronged approach to provide financial reporting for Sage MAS customers in the future.

Sage is building an Excel-based financial reporting tool based on the existing Sage Financial Reporter module within Sage Accpac. Sage Financial Reporter will be made compatible with Sage MAS and will provide basic financial reporting capabilities free of charge to all Sage MAS customers.

Sage is also establishing an OEM relationship with a business intelligence (BI) vendor that offers advanced financial reporting, operational reporting, and advanced OLAP analysis capabilities. Sage MAS customers will be provided with one free user license for this product with the option of purchasing additional licenses.

These two solutions will provide robust financial reporting out of the box and will complement the already very strong tools in Sage MAS, including Business Insights Explorer and Dashboard. The release timing of these two financial reporting solutions will be aligned to a future release of Sage MAS, which has not been determined.