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These reports present information in summary format with relatively little detail or at a more granular level in which you itemize information into smaller expense and revenue categories. Operationalreporting, likewise, helps to streamline business processes and ensure accuracy and efficiency.
in “business intelligence vs. reporting” is a bit misleading. Both are paramount to business operations and both are required for an enterprise to function, thrive and compete. Reporting is about the past and current status. It’s important to clarify upfront that the “vs.”
Reports A tabular display of data, often with numerical figures grouped in categories. Interactivity can include dropdowns and filters for users to slice and dice data. Traditional BI Platforms Traditional BI platforms are centrally managed, enterprise-class platforms.
The CFO or finance team needs to be able to slice and dice project financials, which is traditionally done in Microsoft Excel. Technical strength needs to be combined with financial acumen – and that’s one area where Deltek and ISW complement each other.
Limited Visibility: Traditional, pre-built reports may not offer the granular detail you need for a comprehensive financial picture. With limited technical capabilities your team might struggle to slice and dice data, uncover hidden patterns, or perform deep dives into specific areas.
A Corporate Performance Management solution, can help save time and provide insights so that you’re getting the maximum value from your CFO: Automated Financial and OperationalReporting and Analysis. Create rich and user-friendly reports that save time on manual processes, like manually inputting data into multiple systems.
Analytics is vital now because providing end-users with the ability to analyze, slice, and dice data within the context of their application is essential to staying competitive in today’s fast-paced digital world.
Virtually every business on the planet has some kind of reporting mechanism in place–even if it’s just a simple set of off-the-shelf printouts that come from basic accounting software. Reporting is important, but BI has the potential to generate the kind of meaningful insights that lead to competitive advantage.
Go beyond basic reporting and uncover hidden gems. Slice and dice data, identify trends, and reveal hidden patterns invisible in standard reports. No more hidden formulas or guesswork – just clear, documented data journeys that build trust. Spreadsheet Server unlocks powerful analytics capabilities.
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