July 29, 2019
Gone are those days when people would design reports manually. With the introduction of advanced technologies, BI being one of them, plenty of reports making tools are there to help you with designing accurate reports without any chances of human error.
A Business Intelligence (BI) tool helps in generating accurate reports by extracting data directly from your data source. Today, these Business Intelligence software eliminate the task of consolidating data manually by human resources that might be prone to errors.
Business intelligence help corporate executives, business managers, and other operational workers to make better and more informed business decisions. In this way, companies can also cut costs, identify new business opportunities, and spot inefficient business processes.
Since you’re already aware of the purpose of Business Intelligence in a business it’s worth tackling the question of what are its main benefits. The potential benefits of business intelligence programs include:
- Accelerating and improving decision making
- Optimizing internal business processes
- Increasing operational efficiency
- Increased employee satisfaction
- Driving new revenues
- Gaining competitive advantages over business rivals.
- Identifying market trends
- Spotting business problems that need to be addressed
BI accumulates a company’s most essential data so employees can focus on answering crucial questions. Data accessibility allows for fast and effective decision making and an edge over the competition. The dashboards and reports created with BI tools can have a far-reaching effect from the organization point of view.
Some of the benefits of BI that can bring an end to all your reporting troubles:
No manual interference, so no chances of Data Manipulation
As BI tool helps in calculations there is no chance for the manual interference and hence error free results are usually generated, often using Tally Integration as in EasyReports.
BI tools like EasyReports provides freedom for customization of reports
In order to analyze easily, always use a BI tool to define the parameters and customize the reports like Product and Customer Ranking report, Target vs Actual report, Pending Order report, etc. Even, the reports can also be presented in a pictorial (read charts and graphs) form for the ease of understanding and analyzing.
BI Tool makes KPI (Key Performance Indicators) generation an easy task
A Business Intelligence tool like EasyReports helps in providing accurate reports that assists in tracking and generating Key Performance Indicators on a weekly, monthly or bi-monthly basis of different roles effectively. Moreover, auto-scheduling can also help the accountant provide timely reports whenever required as per the mentioned schedules. Tally Integration comes handy when used in combination with a functional BI tool that makes it easy to track KPIs real time.
Helps in generating more sales revenue
BI tool assists in analyzing revenue and keep a check on the inventory. Hence, it has a direct effect on maintaining the targeted top line of the company. It immensely helps the top management to check where the organization is lacking and take correspondingly corrective actions.
Therefore, for organizations, irrespective of whether big or small, investing in Business Intelligence (BI) is a significant step.
A report-making job is quite difficult, but with a tool like EasyReports, it is easier than you thought. To know more about how to solve your report-making problems, log in to www.easyreports.in.