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Finatical Software Enhances Excel Reporting Features

Finatical Software, renowned for its innovative Excel-based reporting solutions tailored for QuickBooks Online users, has announced an exciting product upgrade. This update introduces a wealth of new features designed to enrich financial reporting and decision-making processes for its users.

New Features and Enhancements

In a bid to help finance professionals, especially fractional CFOs, and accounting firms, Finatical has rolled out improvements that include:

Expanded Report Templates

Users now have access to a broader array of report templates that can be utilized out-of-the-box, saving time and making it straightforward to generate essential reports swiftly. The updated template options aim to cater specifically to various industries, enhancing user experience significantly.

Multi-Entity Reporting

The latest enhancements allow users to link and consolidate multiple QuickBooks Online entities directly within Excel. This feature brings built-in support for eliminations and combined reporting. It is essential for firms handling multiple business clients, ensuring that users can maintain accuracy while simplifying complex reporting tasks.

Refreshable Dashboards

One of the standout features of this release is the capability to generate attractive and customizable dashboards. These dashboards can be refreshed in real-time, displaying critical Key Performance Indicators (KPIs), charts, and graphs that are easy to interpret. This function is particularly beneficial for finance teams that prioritize ongoing monitoring of their financial health and business performance.

Template Builder for Industry-Specific Needs

The introduction of a Template Builder means users can quickly create and customize popular reports tailored to specific industries such as Construction or Nonprofit organizations. This flexibility allows finance professionals to present information that resonates with their audience and enhances decision-making.

New FPA Category

Finatical has also rolled out refreshable templates designed for financial planning and analysis (FPA). These templates assist in effortlessly comparing, analyzing trends, and identifying exceptions, streamlining the decision-making process further.

Customer Feedback and Market Trends

The adoption of Finatical's software indicates a broader shift in the market, where finance professionals are increasingly looking to modernize their reporting practices without moving away from Excel. Customers have expressed their satisfaction with the capabilities of Finatical, highlighting efficiency gains and time savings.

One user, a CFO for a nonprofit, remarked, “Using Finatical saves me at least ten hours for each client's reporting cycle. I can update multiple documents simply by changing one date in Excel!” Such testimonials reflect the significant impact Finatical Software has made in the financial reporting landscape.

Bridging QuickBooks and Excel

As finance leaders increasingly require real-time insights into company performance, Finatical Software provides a bridge, integrating live, flexible reporting within the Excel environment they already trust. Chris Meyer, the Founder and Chief Customer Success Officer, mentioned that “with every release, we're helping finance professionals turn Excel into a live decision-making platform.” This statement captures the essence of Finatical's mission—empowering CFOs with instant access to accurate data, enhancing their control over financial reporting processes.

About Finatical Software

Headquartered in Durham, North Carolina, Finatical Software specializes in offering real-time financial reporting and analysis tools for QuickBooks Online users, directly through Excel. Their solutions are crafted especially for fractional CFOs, finance consultants, and accounting firms, enabling seamless data refresh, entity consolidation, and eliminating the need for tedious manual exports.

For more information or to start a free trial, visit Finatical Software or follow them on LinkedIn.