{"id":8100,"date":"2015-12-28T11:43:06","date_gmt":"2015-12-28T11:43:06","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sagex3\/?p=8100"},"modified":"2019-11-21T08:35:28","modified_gmt":"2019-11-21T08:35:28","slug":"financial-data-extraction-in-sage-x3","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sagex3\/2015\/12\/28\/financial-data-extraction-in-sage-x3\/","title":{"rendered":"Financial Data Extraction in Sage X3"},"content":{"rendered":"

Financial reporting<\/strong>\u00a0involves the revelation of financial data to company stakeholders, this also helps people to understand the company\u2019s performance over a specific period of time.
Normally the Financial reports are extracted Quarterly or Annually basis.<\/p>\n

The primary purpose of Financial Reports can be segregated in 2 points:<\/strong><\/p>\n

    \n
  1. Since the FR\u2019s provide a picture of the financial data of a company, it helps in taking up the strategic decisions effectively.<\/li>\n
  2. It also serves the purpose to judge the company\u2019s strength and weaknesses and give the management and graph of company\u2019s health.<\/li>\n<\/ol>\n

    The primary Financial reports which a company looks up to is:<\/strong><\/p>\n

      \n
    1. Balance Sheet: A\u00a0balance sheet<\/strong>\u00a0gives the entire detail of Assets and any finances made by it or also owned by it. It also gives the idea of the investment made by the company.<\/li>\n
    2. Income Statement: Discloses the company’s earnings (same as profit loss) over the reporting period.<\/li>\n<\/ol>\n

      \"Financial<\/a><\/p>\n

      All these FR\u2019s are very complex to design using the usual reporting tools and hence it requires some specialized tools which can offer the data to be pulled dynamically as per period, accounts, and dimensions from the entire company.<\/p>\n

      Such tool is offered by Sage X3 termed as Financial Data Extraction tool. This tool offers inquiries, extractions and reports of those data coming from the accounting.<\/p>\n

      This tool acts as a report-building tool, which offers the designing of matrix i.e. formatting and editing the row and column content, as well as restricting the content using specific conditions.<\/p>\n

      Financial Data Extraction (FDE) in Sage X3 works in 3 stages<\/strong>:<\/p>\n

        \n
      1. FDE Setup Creation<\/li>\n
      2. Calculation<\/li>\n
      3. Inquiry<\/li>\n<\/ol>\n

        FDE Setup<\/strong>: This function is used configure the FDE elements which are related to dimensional and budgetary accounting.<\/p>\n

        Calculation:<\/strong> As the name suggests this functionality will be used to calculate or update the calculation of a group of tables.<\/p>\n

        Inquiry:<\/strong> This option makes it possible to display the data as configured and calculated during the first 2 steps of the financial data extractions.<\/p>\n

        If you are looking for tailor made features to enhance your Sage X3 functionality and experience for your industry,\u00a0<\/strong>Greytrix<\/strong><\/a>\u00a0would be your right choice.<\/strong><\/p>\n\n\n

        About Us<\/strong><\/h2>\n\n\n\n

        Greytrix \u2013 a globally recognized and one of the oldest Sage Development Partners is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development, and implementation competence.<\/p>\n\n\n\n

        Greytrix has some unique integration solutions developed for Sage CRM<\/a> with Sage ERPs namely Sage X3<\/a>, Sage Intacct<\/a>, Sage 100<\/a>, Sage 500<\/a>, and Sage 300<\/a>. We also offer best-in-class Sage ERP and Sage CRM customization and development services to Business Partners, End Users, and Sage PSG worldwide. Greytrix helps in the migration of Sage CRM from Salesforce | ACT! | SalesLogix | Goldmine | Sugar CRM | Maximizer. Our Sage CRM Product Suite includes addons like  Greytrix Business Manager, Sage CRM Project Manager, Sage CRM Resource Planner, Sage CRM Contract Manager, Sage CRM Event Manager, Sage CRM Budget Planner, Gmail Integration, Sage CRM Mobile Service Signature, Sage CRM CTI Framework.<\/p>\n\n\n\n

        Greytrix is a recognized Sage Champion Partner for GUMU™ Sage X3 \u2013 Sage CRM integration listed on Sage Marketplace<\/a> and Sage CRM \u2013 Sage Intacct integration listed on Sage Intacct Marketplace<\/a>. The GUMU™ Cloud framework<\/a> by Greytrix forms the backbone of cloud integrations that are managed in real-time for the processing and execution of application programs at the click of a button.<\/p>\n\n\n\n

        For more information on our integration solutions, please contact us at sage@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Financial reporting\u00a0involves the revelation of financial data to company stakeholders, this also helps people to understand the company\u2019s performance over a specific period of time.Normally the Financial reports are extracted Quarterly or Annually basis. The primary purpose of Financial Reports can be segregated in 2 points: Since the FR\u2019s provide a picture of the financial\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[818,819,1822,1865],"class_list":["post-8100","post","type-post","status-publish","format-standard","hentry","category-sage-erp-x3","tag-financial","tag-financial-data-extraction","tag-sage-x3","tag-sage-x3-erp"],"_links":{"self":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/8100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/comments?post=8100"}],"version-history":[{"count":1,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/8100\/revisions"}],"predecessor-version":[{"id":19175,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/8100\/revisions\/19175"}],"wp:attachment":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/media?parent=8100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/categories?post=8100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/tags?post=8100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}