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In this blog post, we’ll look at the definition of OLAP as well as an overview of the technology. We explain what lies behind OLAP, what cubes have to do with it and what makes the technology so powerful for modern planning, budgeting, and forecasting. Most modern EPM solutions rely on multidimensional OLAP, also called MOLAP.
Here’s an overview of the key differences between the two, as well as some tips on how the finance team at your company can use information to help your business achieve strategic and tactical advantage. As a matter of necessity, finance teams also produce financial statements for internal use by a company’s management team.
The former is more professional in report making, presentation, and printing, while the latter can make OLAP and predict analysis thanks to the BI capabilities. As reporting software, it does not support OLAP. Pros: The capability of “slice and dice” data, analyze different datasets is powerful. . FineReport.
Interactivity can include dropdowns and filters for users to slice and dice data. OLAP cubes Used for multi-dimensional analysis Strategic Objective When a vendor-specific connector is not available, generic connectors provide flexibility with data. Mobile Capabilities are made available to users through their mobile devices.
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