Posted September 1, 2014

 

LYNDHURST, N.J. – RLM Apparel Software Systems Inc., solutions provider to the fashion industry’s biggest and brightest brands, announced the general availability of a new Financial Statement Report Designer for its industry-leading FashionManager™ enterprise software solution.

 

Integrated directly into the Financials module of the all-in-one business solution, the reporting tool empowers financial executives and teams to quickly and easily create a wide range of comprehensive financial statements without the traditional requirements for third-party reporting tools, database development or software programming, according to RLM.

 

“The FashionManager Financial Statement Designer does what third-party reporting tools can do in less time and at a much lower cost,” said RLM Vice President and Partner Rick Lynn. “It allows users to design and develop customized financial statements without costly programming or special technical skills. Customers who are already using the new tool are reporting that they are regaining time and control over reporting tasks while achieving better results and improving accuracy.”

 

"The new reporting tool from RLM is a fantastic addition to FashionManager ERP,” added Cyrille Baudet, COO, John Varvatos Enterprises. “It combines the accuracy that is necessary for producing statutory financial statements and the flexibility that is sought after when designing financial management reporting. The powerful filters built-in to the package help us to rapidly produce department and store reporting and dashboards. The comprehensive formula, calculation and formatting options are key to producing and distributing detailed reporting without the use of spreadsheets. With the ability to deliver faster, more relevant information to a larger number of stakeholders, the Financial Statement Report Designer is a game- changer for our team."

 

FashionManager clients can use the Financial Statement Report Designer to build Balance Sheets, Profit and Loss Statements, Cash Flow Projects (based on budgeting and forecasts), comparative and a host of other financial reports to fit their individual needs.

 

Examples of the simple to use and time-saving capabilities of the report designer include:

 

• Build quarterly, monthly, annual, bi-annual statements

• Add custom calculations, copy from one location to another

• Copy entire statements and easily add/remove calculations

• Define customer EBITA lines with value inclusions and exclusions

• Build in depreciation calculations

• Provide managers with departmental financial statements

• Compare any time period with prior year period results

• Add an unlimited number of columns and rows in a report

• Compare actual to budget; budget to re-forecasted values

• Use 50 font types and 100-plus colors

 

FashionManager clients are encouraged to contact their RLM customer service representative with any questions regarding the new reporting tool.

 

Source: RLM Apparel Software Systems