And why should it be top of your list of possible new ERP solutions?
The main reason Sage X3 stands out from the crowd is its ability to be so flexible. It is a fully scalable business management solution where you can cater for multi-company, multi-legislations and multi-currency requirements all within a single system - but what do each of these actually mean? And how could they benefit your business?
With Sage X3 you can manage several companies all within the same instance, meaning that a number of common elements can be shared, such as the chart of accounts, customers and suppliers, whilst still retaining independence in terms of things like reporting and security. There is also the ability to group companies together and to trade between them automatically and seamlessly. If you want even more granularity then companies can also be sub-divided into sites, each of which can have their own fully balancing trial balances. Having everything under one roof means all of your entities can be linked and coordinated, with the added benefit that you can spend less time duplicating input and more time on the important business of monitoring and tracking.
You can manage companies in different countries, each with their own local settings in relation to areas like tax and reporting, so that your fiscal responsibilities outside of your home market are correctly handled. There are 16 different legislations available in X3, and 11 languages for good measure!
Even within a single company you can work with multiple transaction currencies and also translate those into reporting currencies based on daily, monthly or average exchange rates. So if you’re in the UK and need to report monthly figures to New York or Paris, then Sage X3 can handle the currency conversions automatically for you.
And it doesn't stop there…
In terms of scalability, you can take your reporting to another level using multi-level pyramid structures and analytical dimensions, which can help transform a complex chart of accounts into a far simpler model with numerous ways of filtering and sorting your data. As your business grows extra dimensions can be added and workflows implemented to analyse your information in greater detail, and also improve how it is shared with the decision makers who need it most. We’ll look at this in more detail in our next blog.
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