In accordance with embodiments, there are provided mechanisms and methods for facilitating dynamic customization of reporting tools in an on-demand services environment in a multi-tenant environment according to one embodiment. In one embodiment and by way of example, a method includes importing, by a database system, a first application from a computing system associated with a third-party entity, where the first application is associated with the third-party entity and first one or more reporting forms of a plurality of reporting forms. The method may further include integrating, by the database system, the first application with a second application to generate an integrated application, where the second application includes a local application and is independent of the first application. The second application may be associated with second one or more reporting forms of the plurality of reporting forms. The method may further include associating, by the database system, a set of integrated properties of the integrated application with a reporting tool, and displaying, by a display device, the reporting tool to be used to facilitate building of one or more reports based on the set of integrated properties, where the one or more reports include at least one of the first and second one or more reporting forms.