BRACKNELL, England, August 6, 2013 /PRNewswire/ --
PrecisionPoint Software http://www.precision-point.com today launches the latest version of PrecisionPoint for Microsoft Dynamics NAV 2013, its business intelligence (BI) software specifically designed for Microsoft Dynamics NAV users. The latest version incorporates many functional advantages and is now fully compatible with NAV 2013.
PrecisionPoint Software is at the forefront of delivering comprehensive self-service Microsoft Dynamics Reporting software together with BI for NAV through an on-site managed service. Its rapid deployment and low-cost of entry subscription model makes PrecisionPoint particularly attractive to mid-market organisations that need an affordable solution to the BI dilemma.
Mike Evans, CEO of PrecisionPoint Software, comments, "We understand that no department within a business can operate independently. Each one is linked, requiring information and data from other divisions to operate effectively: sales can't hit their targets if the stock isn't there to fulfill orders, manufacturing can't produce goods if the raw materials aren't available and purchasing can't buy the raw materials if they have no visibility of stock numbers and demand. So it is imperative that all the information, for every division and department is easily available in one central location."
The latest version of PrecisionPoint BI for NAV contains a series of new features and functionalities specifically designed to enhance and improve the user experience of the financials, advanced inventory and projects modules.
With Order Fulfillment managers can track open orders by their fulfillment status, right down to the picking level. This is key for the operations department and warehouse managers as it provides complete visibility of what is scheduled to be picked, what has been picked and what still needs to be picked. This level of detail is not available in basic NAV sales order reports, and so is a critical function of the latest version of PrecisionPoint for Microsoft Dynamics NAV 2013.
Enhanced item budgeting allows users to budget at a customer, vendor and/or item level, providing closer tracking against expected performance targets. Customer budgets can also be used by the sales team to set targets and compare against achieved revenues, whilst spending limits/caps can be easily set using purchasing budgets to avoid over spending.
Supply and Demand Forecasting
Improved visibility into the company's 'free stock' enables the business to accurately trend supply and demand. With the ability to forecast weeks in advance, managers can easily see where potential issues or shortfalls may occur before they happen - providing time and space to make adjustments and ensure continued operations.
The new software offers new Assembly Management functionality as an alternative to manufacturing, for companies who have a simple process for making end items from components. This is an exciting new feature of the PrecisionPoint Microsoft Dynamics Reporting software, speeding up the reporting process for manufacturers and increasing visibility of operations for other departments.
The Financials module and Projects module have also been updated, with improvements to cash flow analysis, credit control, multiple currency, multi company and consolidation support.
Comments Evans, "Distributors, wholesalers and manufacturers will benefit immensely from the latest improvements we have made to PrecisionPoint BI for NAV. They will be able to monitor and manage inventory age more closely; and reporting becomes even easier to administer, providing one complete picture of how the business is performing."
The product is available immediately to new and existing clients.
Evans concludes, "We continue to develop and improve the business intelligence capability of PrecisionPoint for Microsoft Dynamics NAV 2013 to make it easier and more intuitive in its operation. We strive to make it the standard addition for all Microsoft Dynamics Reporting users who want to better understand and improve bottom line profitability and operational effectiveness."
PrecisionPoint simplifies access to sophisticated decision critical Business Intelligence (BI) and is available for both Microsoft Dynamics NAV and AX. Available as an online managed service, customers benefit from rapid speed of deployment and are able to produce meaningful cross-functional reports and analysis across the entire organization in a matter of days.
With dual bases in the UK and the US, PrecisionPoint is used by hundreds of successful companies worldwide including Americana International, Royal Horticultural Society, Broadsoft, Fitflop, Koppers, NTT Europe, AB Agri and Carter Jonas.
To find out more go to: precision-point.com
For further information, please contact:
Kirsty Cornell/Fiona Bean