SYSPRO intros 'Financial Health' software for SMB market

COSTA MESA, CALIFORNIA: SYSPRO, a provider of visionary ERP for the manufacturing pragmatist, has announced the release of Financial Ratio Analysis, an addition to SYSPRO’s General Ledger software aimed at gauging financial health for small- and medium-sized businesses (SMBs). Financial Ratio Analysis incorporates more than a dozen financial metrics, including efficiency ratios, profitability ratios, business activity ratios and liquidity ratios, among others.

In line with the SYSPRO philosophy of “Simplifying Your Success,” SYSPRO customers will gain the new functionality automatically as part of the company’s General Ledger solution at no additional cost. This proactive approach to adding enhancements removes the need of waiting months or even years to install a major release or expensive upgrade. The company’s policy of delivering new features, functions and technology improvements through an ongoing cycle of scheduled automatic upgrades has won SYSPRO dozens of industry awards over its 25+ year history. All ratios are also available via standard reporting, as well as through “executive dashboards” that provide operational management with “at-a-glance” reporting and querying capabilities.

The new financial capabilities include a comprehensive set of standard ratio/metrics, as well as specific financial health monitoring/analysis capabilities geared specifically to the growing SMB manufacturing and distribution organizations served by SYSPRO. For example, the working capital cycle ratio allows companies to easily monitor daily operating liquidity, while the Du Pont analysis enables public companies to measure the rate of return to stockholders. The library of ratios covers everything from inventory turnover analysis to payables turnover to debt ratios.

“The addition of financial ratio analysis as an out-of-the-box addition affirms SYSPRO's commitment to delivering value beyond accounting and transaction processing - it adds real business value and vision to ERP,” said Brian Sommer, president of market research and analyst firm, TechVentive. "This new financials solution is well suited for top executives as well as boardroom reporting, real-time performance monitoring, detailed analysis and what-if analysis."

According to Joey Benadretti, President, SYSPRO USA, “The added capabilities of providing business ratios to the general ledger without having to purchase an expensive business intelligence suite will be welcomed by CFOs across our user base to enhance better decision making.”

SYSPRO’s new capabilities enable companies to compare operating results with those of specific competitors or the industry as a whole. Managers can identify relative strengths and weaknesses and by comparing changes in a firm's ratios over time can identify opportunities for improvements and cost cutting.

SYSPRO’s more thoughtful approach to adopting new technology, such as web services and SOA platforms, also reflects the desires of its buyers who are driven by business needs and not by the latest headlines. This exemplifies SYSPRO’s ongoing strategy of helping to simplify the success of its customers. SYSPRO calls its buyer landscape “PragmaVision” ™ consisting of visionary ERP executives that are driven by a desire for smart, but aggressive market growth.