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The terms “reporting” and “analytics” are often used interchangeably. In fact there are some very important differences between the two, and understanding those distinctions can go a long way toward helping your organization make best use of both financial reporting and analytics. Financial Reporting.
Yardi offers a variety of different tools for reporting; unfortunately, each has its own unique shortcomings. Reporting in Yardi: the Default Options. There are no options for modifying the format of these reports, and in many cases, they may only provide a subset of results.
In the world of finance and accounting, CFOs are discovering the merits of finance-owned reporting tools. These real-time reporting tools are ideally suited for remote work. Here are some tips for making optimal use of real-time reporting tools in a remote work environment. Nowhere is this more critical than with reporting.
If you’re stumbling across this post through the sea of results researching “business intelligence vs. reporting,” then maybe you’re already familiar with the unlimited interpretations and definitions of these two practices. How to Compare Reporting & BI Solutions. in “business intelligence vs. reporting” is a bit misleading.
But many companies fail to achieve this goal because they struggle to provide the reporting and analytics users have come to expect. These tools prep that data for analysis and then provide reporting on it from a central viewpoint. These reports are critical to making decisions. that gathers data from many sources.
To celebrate our partnership’s 100th customer, we sat down with Michael Heinsdorf, director of product alliances and corporate development at Deltek to discuss the partnership between Deltek and insightsoftware (ISW), and how the collaboration has helped clients increase efficiency, boost ROI, and reduce time spent generating financial reports.
While financial reporting and compliance are still key responsibilities of the role, more and more businesses are now leaning on a CFO’s management expertise to help inform strategic decisions. Figure 1 CFO Evolution Survey Report, Armanino LLP, 2017 All rights reserved. Powerful Tools.
But a hidden roadblock can impede your progress: report generation. Traditional reporting methods often require technical skills to build queries and wrangle data, creating a bottleneck for finance teams who lack in-house expertise. Inefficiency and Bottlenecks: The reliance on IT for custom reports creates a bottleneck.
We should be clear from the outset that BI is fundamentally different from reporting. 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. Business reporting is more operational in nature than BI.
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.
Epicor’s built-in reporting capabilities are useful for standard reports but can be limiting for organizations that require more advanced analytics. Without deep technical knowledge of Epicor’s data structures, attempting to manually create custom reports can create serious roadblocks to data trust within your organization.
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