Reporting is the retrieval and presentation of data in a meaningful manner.
ProStrategy are committed to delivering quality and success to our clients. We offer a complete range of reporting services, giving customers the flexibility of a one-stop shop solution or the option to choose which solutions are most appropriate to their business needs.
Reporting requirements vary. The CEO requires information on performance and trends while the office manager requires a list of outstanding accounts. Reporting, which includes BI, is a methodology for analysing all your business data so as to support you decision making as well as standard 2D reports. Knowledge is capitalised on by showing how your business works by discovering both threats & opportunities.
For example: Microsoft Dynamics NAV makes it easy to access the financial information required to spot trends and gain insight into your business activities. ‘Dimensions’ features enables you to view information in a more sophisticated way which help you get more out of your data. You can use dimensions to:
- Monitor performance
- Investigate relationships
- Take advantage of trends
Dimensions help you get the most out of your information. The possibilities are endless because it’s easy to add new dimensions, and there’s no limit to how many you can add. Microsoft Excel 2007 supports the interrogating Dimensional data, using advanced Pivot Tables.
Application tools now enable data to be simply exported to Microsoft Excel or Word at the click of a button or by copying onscreen views. Similarly export functionality applies to HTML files. Data can also be exported to any other software solution using HTML where style sheets are provided.
An array of external reporting tools are now available. These include:
- Visual Studio
- SQL Reporting Services
- Microsoft Excel
- Microsoft Access
- Crystal Reports
- PrecisionPoint
Organisations use business intelligence methodologies to sift through all the data to provide solutions to common everyday business problems. Key Performance Indicators accomplish these tasks. KPI, are a way that business intelligence can analyze and evaluate the current state of a business and then use this information expose a strategy that can be execute. KPI’s can be tracked by year or quarter, month or week and if the means are available, many businesses track specific data daily so as to fine tune their strategies.
Each company will have their own reporting business intelligence methodology that fits their specific needs. Some of the more popular ways to create Key Performance Indicators are through Goal Alignment, Baseline and Metrics related enquiries. Goal Alignment helps determine your businesses goals. Your businesses goals can be to grow more market share, to make more profit per item, to start a new revenue stream, to find new manufacturer or suppliers, etc.
Business intelligence is a very broad topic of study, however If you would like your business to succeed, it is extremely important to understand the factors of business intelligence and learn how to analyze and use the data created by this methodology.