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NGS Introduces Customized Financial Performance Solution for VAI S2K

Enterprise Resource Planning / Financial
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New Generation Software, Inc. (NGS) today announced the release of NGS Financial Performance for S2K, a new financial reporting and analytics solution for companies running the Vormittag Associates, Inc. (VAI) S2K General Ledger system on the IBM i (AS/400).

The solution, developed with NGS' business intelligence and Web application development tools, integrates with and enhances the presentation of the critical financial data stored in the S2K financial system through the use of Adobe Flash, Microsoft Office, and NGS' own business intelligence software. It includes a Web portal, financial performance dashboards, multidimensional models, Excel spreadsheets and reports--all built over a DB2 data mart on the IBM i. NGS Financial Performance for S2K will run on IBM System i and Power Systems using V5R1, V5R2, V5R3, V5R4, and 6.1 of the operating system.

Decision Assist-Financial Performance dashboards include:

  • Income statement by revenue, gross profit, selling expenses, G & A expenses, operating income, and net income
  • Year-to-date trial balance by organization, account, and month
  • Actual-versus-budget by organization, account, and month; actual-versus-budget by month, by percentage of budget
  • Cash flow from operations, investments, and financing
  • Non-cash deductions from income
  • Changes in operating assets and liabilities
  • Balance sheet ratios including current, quick, debt-to-asset, cash, debt-by-month

Reports that output to Excel spreadsheets, NGS-IQ's OLAP module, PDF, HTML, and more include: Monthly balance sheet, cash flow, income, and trial balance; actual-versus-budget by month, by quarter; comparative income statement; and account analysis by period.

"The VAI S2K financial system provides a sound and high-performance foundation for customers to manage their financial performance. With the NGS Financial Performance for S2K solution, VAI customers can gain even greater visibility into their operation and reduce the time spent creating financial reports for their board, investors, employees, and auditors," said Bernard Gough, CEO and president of New Generation Software.

NGS offers VAI customers two other business intelligence solutions: Real-Time for S2K, a ready-to-use set of management reports, dashboards, spreadsheets, and multi-dimensional models, that works directly over the S2K database, and Decision Assist-Business Performance for S2K, a fully integrated analytics solution that helps companies manage customers, vendors, inventory, and sales performance.

NGS will present all of their solutions for VAI S2K customers at the 2008 VAI User Conference, Sept. 25-27, in Las Vegas at the Venetian Resort-Hotel-Casino. Customers may obtain more information about that conference by visiting www.vai.net.

NGS and VAI have enjoyed a strong working relationship since 1998. The NGS-IQ Business Intelligence and enterprise reporting solutions used to develop Financial Performance for S2K, Real-Time for S2K, and Decision Assist-Business Performance for S2K, are used by many VAI customers. NGS is an Advanced Member of IBM PartnerWorld. VAI is a Premier IBM Business Partner, Beacon Award Winner, and two-time IBM Business Partner of the Year.

New Generation Software, Inc. (NGS) delivers high performance IBM i (iSeries, System i, AS/400) business software solutions to companies of all sizes and representing virtually all industries. Hundreds of people worldwide rely on NGS’ solutions every day. NGS is an IBM Business Partner and active supporter of the COMMON User Group and numerous regional IBM i user groups. In addition to IBM, NGS has strong business relationships with numerous independent software vendors and IBM solution providers. For more information, visit www.ngsi.com.



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