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BI Dashboard
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Everything You Need to Know About BI Dashboard

BI Dashboard

Business leaders know that having a few clearly identified, measurable objectives and constantly monitoring success against those objectives allows a company to remain on track to meet its primary objectives. Business Intelligence is a system of processes, infrastructure, and technologies that transform raw data into actionable information. It’s a collection of tools and services for turning data into useful information and knowledge. Likewise, over the last few years, business intelligence (BI) dashboards have become very common as a way of communicating key organizational goals and monitoring success against them.

 

BI dashboard display data in a vivid visual format that can be easily grasped by almost everyone in the company. BI dashboards are an important way for strategically based companies to communicate results against key performance indicators (KPIs) and keep everybody on the same page. Dashboards, in particular, offer a highly efficient way for leaders to interact with non-financial audiences.

What does a BI Dashboard?

Tracking sales revenue and pipeline prospects against the forecast is one of the most popular use cases for BI dashboards. This is often shown alongside other important customer metrics, including returns, on-time delivery, and so on. It’s an explanation that almost anyone in the company can understand, and it’s especially important to C-suite executives and those in every company.

 

That being said, for finance and accounting practitioners, some use cases for making people aware of other key financial indicators across the entire enterprise are important to consider. For non-technical users, dashboard visualization can be highly effective.

 

Working capital is one of the most important determinants of business performance. Organizations that successfully control working capital significantly outperformed those that do not. Internalizing main working capital metrics by the rest of the company, on the other hand, can be difficult. High-level indicators of how well the company is doing include the “cash conversion cycle” (CCC) and “days working capital” (DWC).

 

Not everyone is equipped to understand the numeric data. This is where BI dashboard can be extremely useful. Business leaders can achieve higher performance by clearly defining the most important numbers, communicating them within the company, and publishing performance metrics in a way that everyone can understand regularly.

BI Dashboard is the Future

As software technology has advanced, BI dashboard have become more common as tools for outlining and presenting business data have become faster and more efficient. A comprehensive toolset is needed to work with massive data sets, work more effectively, and produce dashboards efficiently and precisely. Some of the features of using BI dashboards are:

Data Visualization

Dashboards that are well-designed present data in a way that is useful to the target audience. They give just the effective data, not too much or too little. Furthermore, good dashboards are adaptable to each user’s specific requirements.

Real-Time Alerts

An effective BI dashboard can alert users to circumstances that need urgent attention, similar to warning lights on a car dashboard. A successful dashboard will help business leaders solve issues as soon as they arise by monitoring data in real-time and alerting them to exceptions.

Collaboration

The first step is to get the correct information from people in the company. With easily accessible, sharable content, collaboration features allow discussion and task management. Relevant discussions will send constructive alerts to the appropriate people in the organization, making it easier to collaborate effectively.

Future Predictions about BI dashboard

While the word “dashboard” suggests an emphasis on the past and present, the most powerful dashboard solutions often include rolling forecasts and predictive analytics, allowing for a clearer view of the path ahead.

 

Global Data 365 includes dashboards and communication tools, as well as effective business intelligence tools. With integration from over 140 different ERP systems and other enterprise software, we allow quicker, simpler, and more affordable business insights. You can request a free demo today to learn more about how your company will profit from the power of BI dashboards.

Talk to Our BI Experts and Set Your Strategy NOW!

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artificial intelligence vs business intelligence (AI vs BI)
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Artificial Intelligence vs Business Intelligence

artificial intelligence vs business intelligence (AI vs BI)

Despite all of the hype surrounding smart, data-driven decision-making, Business Intelligence (BI) and Artificial Intelligence (AI) are frequently confused. The AI vs BI debate has been going on for a long time. While both assist businesses in making crucial decisions, there are significant differences between the two. While artificial intelligence (AI) has gained prominence recently, it is no surprise that business leaders are working to find ways to incorporate AI into their technology framework. When business officials are asked to clarify what they expect to receive from AI, they regularly respond with solutions that will help them make better business decisions. AI refers to computer intelligence that is similar to that of humans, while intelligence in BI refers to intelligent decision-making. Dive in the blog and find characteristic of AI vs BI.

What is Artificial Intelligence?

Artificial Intelligence is a way of creating a computer, a computer-controlled robot, or software that think intelligently like humans. Artificial Intelligence is developed on the study of how humans think, learn, decide, and work to solve problems, and then using the findings as a foundation for creating intelligent software and systems. Automation, data modelling, reporting and analytics, are some of the computer-powered business decision drivers that are referred to as AI but are not AI. While AI has the ability to improve all of these areas, they are not the areas of focus that are primarily linked to AI; instead, every one of these platforms is discussed by a different type of intelligence software, particularly business intelligence.

What is Business Intelligence?

Business Intelligence is a technology that collects, stores, accesses, and analyses data to assist business users in making informed decisions. BI converts data into meaningful information in the form of reports and dashboards, enabling companies to make informed data-driven decisions. It requires the use of statistical methods to analyze data. To take out more data-driven data, it incorporates data mining, data warehousing, and other tools. It includes the collection of data and the subsequent use of that data to make decisions. It assists in optimizing and capitalizing on historical data available.

 

So what is difference between AI and BI?

AI vs BI: Difference between Artificial Intelligence and Business Intelligence

Factors Artificial Intelligence Business Intelligence
Concept Artificial Intelligence refers to human like computer intelligence. Business Intelligence refers to intelligent decision making.
Emphasis It requires the use of statistical methods to analyze data. It involves machine learning and deep learning algorithms.
Application It is primarily used in robotics, VR, image recognition, machine learning, etc. It is primarily used in data warehouse, data modelling, data visualization and dashboards, analytics and reporting.
Usage Its usage is linked to the future events. Its usage is linked by available historical data.
Inputs It benefits subject such as biology and computer sciences. It benefits enterprise management data, reporting and data analysis, OLAP.
Algorithm It utilizes the breadth first algorithm (BFS) and follows the FIFO principle. It uses the linear aggression module for organizing data.
Limitations It poses security and privacy risks. It can lead to misuse of data by using improving technology.
Objective The main aim of AI is to produce machines that have the potential of working like the human brain. The main aim of BI is analyzing day and future prediction by using historical data.
Tools It makes use of complex algorithms to make logic. It makes use of spreadsheets, query software, dashboard, and tools of data mining for analysis.

So AI’s ultimate aim is to build machines that can replicate human thought but less useful to a company than a school of technology dedicated to assisting businesses in evaluating results, knowing the past, and predicting the future. Whereas, the three main benefits that business intelligence solutions help to improve, as well as three key performance indicators in enterprise business, are security, simplicity, and speed.

Artificial Intelligence in Business Intelligence (AI in BI)

Artificial Intelligence vs Business Intelligence can help drive any company to success. AI and BI are demonstrated by AI-powered alerts which range from simple alerts to advanced neutral network alerts, and assist businesses in maintaining total control over key performance factors by alerting them as soon as anything happens. These AI innovations will continue to revolutionize the business intelligence environment when combined with creative business dashboards. All of these firms are taking a break from the time-consuming task of sifting through data to discover patterns and responding to costly problems.

 

Although AI is centered on helping computers in gaining insight on their own, BI enables entire companies to gain access to the data they require to make fast, better decisions, which is crucial in today’s rapidly evolving business environment. In a study of 2600 business intelligence end-users, 91% said BI enabled them to make improved business decisions, 84% said it increased customer satisfaction, and 79% said it enhanced reporting, research, and planning. In the coming years, AI will certainly have a huge effect on companies, but don’t confuse today’s BI benefits with advanced algorithms or thinking machines.

 

Businesses will better plan for the age of thinking machines and lay the foundations for machine-augmented decision making soon by investing in BI. Find differences between Artificial Intelligence and Business Intelligence with AI vs BI. If you are interested in how agile Business Intelligence solutions can help businesses to achieve AI, contact us now.

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Automate Reporting from Dynamics GP
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How To Automate Reporting From Dynamics GP?

Automate Reporting from Dynamics GP

If you do not fully understand the complex underlying data structure of over 1300+ tables and 22500+ fields, then  automate reporting from Dynamics GP can prove to be a problem. Recently, Microsoft Dynamics ERP software has evolved to Dynamics 365 Business Central cloud, and it brings versatility and easy access for small businesses throughout the world. Reporting challenges are bound to arise due to the complex nature of the data structure field. All ERP solutions are made of back-ends that are hard to operate for anyone who is not a specialized expert or administrator.

ERP solutions, like Dynamics GP, are designed to optimize business processes and data storage. Its main focus is on storing data, not extracting it. Microsoft Dynamics GP has advanced and evolved in the ways users receive their reports. Management Reporter has advanced to the new setting providing an Excel-integrated tool known as Jet Basics; Smart List has for a long time provided the export-to-spreadsheet option, and Power BI is coming out as a great tool for data visualization. Similar to other Microsoft Dynamics solutions, Dynamics GP is evolving when it comes to providing built-in and extra tools for users to get data visualization.

According to the feedback received from thousands of users from across the globe, users complain about the reporting and analytics in Dynamics GP, as it fails to meet functional reporting requirements outside of financial reporting. The reason behind this could be the complex GP data structure or the unavailability of specialized experts. In any way, depending on these tools is costing users their time and money. Companies are forced to recruit Dynamics GP experts because of the lack of access to one organized, instant visualization of the data.

If you face limitations in your financial systems while regularly using Dynamics GP to optimize processes, then the main challenges that you may be facing in operational reporting are:

Challenges in reporting from Dynamics GP

The four main challenges faced by businesses in reporting from Dynamics GP are:

– SSRS Programming:
Programming in SSRS is costly and slow due to a large amount of data, intricate linking tools, and the programming skill needed to form a report.

– Managing Unorganized Data in Excel:
In a company, every person has their own spreadsheets, which can result in unreliable data and security risks. As every department has different approach in completing its operations.

– Power BI Views:
Power BI can be difficult to navigate for someone who is not a technical expert due to the compilation of data that results in a single view and the rewriting needed to change the views.

– Constructing OLAP Data Cubes:
Constructing OLAP data cubes can be hard and time-consuming as it requires a specialized expert who is familiar with both SSAS data cubes and Dynamics GP.

Keeping these challenges in mind, Global Data 365 has a solution to overcome your Dynamics GP users’ time, money, and effort, all the while creating better reports. It begins with Jet Analytics, the fundamental Dynamics GP data solution.

How Global Data 365 helps with Reporting in Dynamics GP?

Global Data 365 provides better services and implementation to address the obstacles using dynamics that lead your business to success. Without the need for developers and costly experts, Jet Analytics is a complete business intelligence solution designed to obtain quick, customizable reports and dashboards in Excel. And it is possible to do it yourself. Jet Analytics puts all the Dynamics GP data into one and organized it in one location using a pre-built data warehouse, OLAP data cubes, and dashboards to automate reporting in Dynamics GP.

If it is paired with a user-based front-end reporting tool, it makes it possible for users to view, assemble, and prepare the data, so you can benefit from the robust data visualization tools of Power BI and be more effective with operational reporting and analysis. The Jet Data Manager is used as a back-end tool by Jet Analytics to configure turnkey data warehouses and OLAP cubes to assist you monitor and organize your Dynamics GP data.

 

Jet Analytics provides users to use Excel for all your reporting requirements with one operating location for your reporting, but it offers one source and data management system to handle the delivery, security, business measures, calculations, and run-time of such reports. So, do not let your existing obstacles in operational reporting keep you from receiving immediate insight into your data. Companies can now improve the visibility of real-time data to help automate reporting from Dynamics GP users turn efficient and enjoy Jet Analytics full capabilities.

 

We, at Global Data 365, offers free one month license of Jet Analytics for you to test it with your Dynamics GP database and see the value it brings into your reporting process. Contact Us to order your trial license now.

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Jet Analytics Data Warehouse as a Future-Proof Business Solution
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Jet Analytics Data Warehouse

Jet Analytics Data Warehouse as a Future-Proof Business Solution

To remain competitive, a business needs to implement a jet Data Warehouse system that can keep with future requirements. Preparing to implement an ERP system can be a challenging task. Data storage technology’s future will be characterized by speed, convenience, and efficiency. Many of Microsoft’s legacy GP, NAV, and SL customers are likely to be considering a shift to the new platform now that the company’s latest ERP software version for small and midsize businesses has been released.

Microsoft Dynamics 365 (D365 BC) is the next version of the Microsoft Dynamics NAV code base. It is expanding it to a more cloud-friendly platform and incorporating it more deeply than before with the remainder of the Microsoft stack. The process of data transfer is never an easy task, no matter which ERP system you are moving from. Some particular problems related to data transfer are there. Surprisingly, many of them can be easily handled using a data warehouse.

Although data warehouses have been built for a different reason (i.e. to store data for big data analytics), they can provide tremendous value during an ERP transfer. That is because an entire data warehouse solution can pay itself from the savings generated by the process of migration itself. Enterprises have access to an increasing amount of data from all departments of their sector. Controlling how data travels through the enterprise becomes increasingly important as a company gathers data in different formats.

Data warehouse Obstacles during Data Transfer

Data warehouse technology has not changed much. However, the rise of Big Data and an excess demand for data has uncovered technical vulnerabilities that some legacy warehouses are not equipped to manage. One of the first questions asked from a project team when it comes to data transfer is which data is going to be moved from the old system to the new one? Firstly, all the data is going to be transferred. Secondly, many businesses have collected a large amount of historical data. Exporting data, filtering it, cleaning it, and reformatting it for the new system costs time and money.

Then the challenge arises of matching transactions. Bringing the list of the history of customer payments and invoices is a separate thing from recreating the history, providing the details of the payments made to certain invoices in certain amounts. On the other hand, the cloud model distinguishes storage from computing, resulting in a new level of cost and performance efficiency. Enabling IT to:

– Pay for only what is used.
– Gain total cost/performance leverage.
– Reduce duplication of data.
– Eliminating loading of data.
– Multiple platforms can access the same data.

If the company continues to retain the old system intact, it will cost them time and money. If only a single person knows how to operate the system leaves, or if the system update conflicts with the old ERP software. It will cost your company time on support and maintenance.

Jet analytics Data Warehouse as a Solution

Most ERP system manager fails to think of the alternative; a data warehouse solution that contains data from your old ERP system. It contains all of the data you require for historical reference. With a data warehouse, there is no need to handle transactions on the old system.

 

In comparison to the cost of maintenance of an old ERP system vs. a data warehouse, the data warehouse comes out on top every time. It not only solves the issue of historical ERP records but also serves an ongoing function as well. It significantly reduces security risks. The cloud has changed the way companies handle and store data for the better. To satisfy your existing and future business needs, cloud computing will help you create a new modern data infrastructure. Your organization now has the opportunity to harness its data’s potential, delivering unmatched productivity and ROI. You are finally ready to turn your data to reveal the deeper insights that will help you make better business decisions and produce higher-quality results.

Data Warehouse as a Migration Tool

By creating a standard data model for your old and new ERP systems within the data warehouse. You can utilize the data warehouse as a migration tool itself. You may proactively use the data harmonization process among the two platforms to clean and normalize data from the old system and prepare it for transfer to the new system.

Since most people think of a data warehouse primarily as a staging area for reports. This is a creative solution to the issue of data migration that is rarely suggested.

ERP Migration without Reformatting Reports

The future is hard to foresee, but one certain thing is that the most productive data warehouses are those that can use their data efficiently to optimize operations, anticipate market shifts, and boost availability. Similarly, Jet Analytics is a reporting platform from Global Data 365 that deals with the entire Microsoft Dynamics products, which include Microsoft Dynamics CRM, AX (Axapta), NAV (Navision), GP (Great Plains), SL (Solomon), BC, and Microsoft Dynamics 365 Finance and Supply Chain Management product.

 

The relation between Jet Analytics and the various products of Microsoft Dynamics operates independently. Users can extract data from the ERP system, which is integrated inside the data warehouse to a harmonized data structure. The customer records of both Microsoft Dynamics GP and Microsoft Dynamics 365 Business Central may appear the same in the data warehouse. Invoice records from various systems will also appear similar.

If you are thinking about transferring data from one system to another, particularly from Microsoft’s legacy ERP products to D365 BC, you can save time and money by implementing these approaches. Jet Analytics data warehouse can offer the following benefits:

– You can automate the removal and transfer of data that you intend to migrate by linking the Jet Analytics product to your old system, storing them in the data warehouse for import to the new system.

– You can tackle the issue of historical data by using Jet Analytics to provide unlimited access to data that is too difficult or costly to transfer. This decreases the probability of security breaches, saves recourses, and improves efficiency.

– If you have used Jet Analytics to develop reports for your previous Microsoft Dynamics ERP system. You can continue using the reports for data with little to no change from your new Microsoft Dynamics ERP system. This saves considerable time and money on implementation.

– You will have the most sturdy BI and reporting platform on the market after the migration, which will remove any potential reporting inefficacies.

A Detailed View over Time

The Jet Analytics data warehouse approach enables you to view both old and new data together as a single whole. Jet Analytics helps businesses to run comparative reports that look back through different years. Information is structure and interpreted by the data warehouse as if it originated from a single system.

 

Any level of compliance is involved in most ERP system implementations. One such compliance is the necessity of a complete break from the past. This particular problem is tackled effectively by the Jet Analytics data warehouse approach.

Jet Analytics Data warehouse as a Solution

For the success of any business, the present and future warehouse management systems need to embrace the incorporation of BI software solutions and visualization of insight. You can get started with Jet Analytics whether you have upgraded to the latest versions of Microsoft’s ERP system. There are many advantages to implementing a Jet Analytics data warehouse system.

– Jet Analytics can be deployed ahead of an ERP framework update to give you a head start, reduce risk, and lighten the overall implementation workload. When you finally introduce a new ERP system, report creation on Jet Analytics will continue to pay off.

– By acquainting yourself and your staff with the data warehouse setting, you can obtain an understanding of the benefits of implementing the Jet Analytics data warehouse system.

It is time to unlock the potential of your data to drive your business ahead. To learn more about how Jet Analytics can benefit your company or learn to improvise with Jet Analytics training.

Contact us to get more information.

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Dynamics AX reporting
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Reporting Challenges in Microsoft Dynamics AX 2012

Dynamics AX reporting

Introducing a new ERP system requires a huge amount of resources; time, money, and the company’s overall energy. Most times, the business’s essential day-to-day operational needs, such as monitoring and general data, are fulfilled by the legacy ERP system, which has developed with years. Despite these challenges, businesses can opt to replace legacy ERP systems with a more modern, versatile ERP system to adapt to evolving business needs, take advantage of technological advances, and help propel the company forward.

 


Similarly, Reporting in Dynamics AX can be difficult, particularly after the release of AX 2012 introduced a more complex underlying data structure, increasing the table count from an average of 1800 to 6400. The feedback gathered from hundreds of implementing partners and users around the world about reporting and analytics in Dynamics AX 2012 is that it takes time, money, and unreliability at best. SSRS is the most popular native tool for reporting from Dynamics AX 2012. As the reset tool, all regular out-of-the-box operational reports need the use of a technical resource who is familiar with Visual Studio, SSRS, report design, and the Dynamics AX database structure.  If you’ve been using Dynamics AX 2012 for some period of time in your daily operations activities, you’re probably familiar with the process of generating and exchanging reports. If you’ve been using Dynamics AX 2012 for some period of time in your daily operations activities, you’re probably familiar with the process of generating and exchanging reports.

 


You may have noticed that your organization is not getting all of the information it requires when it comes to reporting. So what challenges arise when it comes to Microsoft Dynamics AX 2012 implementation?

 

  • Complex underlying AX 2012 data.
  • No skilled AX developers.
  • Dependency on consultants and cost of facilities.
  • No simple way to integrate additional data sources.
  • Inability to get a single, accurate, real-time view of your data.
  • Lack of available out-of-the-box cubes.

These challenges lead to business leaders thinking about whether they need a new reporting solution, a huge ERP upgrade, but an ERP system upgrade won’t fix the reporting and data visibility obstacles. Listed below are the four main areas in Dynamics AX 2012 reporting and analytics that take time, money, and effort. We will start by breaking down the problems and then presenting a solution to help save Dynamics AX users’ time and money.

SSRS Programming

The problem in programming in the SSRS setting is that it is slow and expensive. Because of the large volume of data in the system and the requisite linking properties, conventional programming (SSRS) can be slow, bottlenecked, and costly when it comes to reporting in Dynamics AX 2012.

 

So what is the solution? With an easy-to-use, faster front-end reporting platform designed for Dynamics AX, data is better organized. A data warehouse that automates and optimizes data from Dynamics AX along with a user-based front-end reporting tool, such as Jet Analytics from Global Data 365, enables non-technical users to generate and distribute reports and dashboards quickly and easily.

Building OLAP Cubes

The problem is time consuming and expensive. Because of the complex tools and resources needed to use them, generating or changing data cubes in Dynamics AX 2012 is time-consuming and costly. You can’t write a new query if you lack resources to understand both SSAS data cubes and Dynamics AX 2012.

 

So what is the solution? Easy backend cube management system. The Jet Data Manager, which automates the building of SQL code and data movement monitoring for you, makes handling cubes in Dynamics AX 2012 much simpler and faster. Any database administrator on your team can change data cubes using Jet Analytics’ drag-and-drop or point-and-click features, enabling you to be more effective in getting the data you need, whenever you need it, without the need for costly experts or delays.

Managing Ungoverned Data in Excel

The problem is fragmented and inaccurate data. Microsoft Excel is the most common and widely used reporting tool, but it is not regulated or safe. Without hold over Microsoft Excel, each employee in a company has their own spreadsheets, each of which has been compiled with data in their own specific way and only resides on their PC; as a result, everyone has their own version of the facts.

 

So what is the solution? Controlling Microsoft Excel. Implementation of MDM and a data warehouse to organize your data will secure it and act as one operational place for your reporting needs. Jet Analytics helps you to use Excel for all of your reporting needs while still handling the delivery, security, and run-time of these reports through a single source and data management framework.

Single Source View in Power BI

The problem is that it is hard to use and organize. Power BI is a common visualization tool, but it’s difficult to use and maintain in Dynamics AX 2012 without the correct underlying data solution. Because of all the data, combining and mapping needed to construct a single view, putting together views is difficult. It also does not allow data segmentation.

 

So what is the solution? Implementation of an underlying data solution. Jet Analytics provides the right framework to reap the benefits of Power BI‘s powerful visualization tools by planning the data first with easy-to-access, structured data cubes. It eliminates the need for joins or locks by storing all of your data in one location and instead relies on links. With Jet Analytics, a process that would usually take two days takes just half an hour, and any regular user can do it.

Takeaway

With a reporting and analytics platform built for ease and reliability, you can help the Dynamics AX users become more self-sufficient. Implementing Jet Reports for Dynamics AX is a simple, versatile self-service reporting tool that allows any employee in your company to generate and exchange financial and operational reports directly from inside Excel.

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Business Intelligence with Power BI
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Business Intelligence with Power BI: Unlock Data Insights

Business Intelligence with Power BI

Business Intelligence is a crucial aspect for companies to make informed decisions and stay ahead of the competition. Business Intelligence with Power BI offers a simple and fast solution for efficient data visualization, real-time reporting, and predictive analytics, Power BI can turn data into actionable insights.  

 

The platform is user-friendly interface and ability to integrate with a wide range of data sources make it easy for companies to get started. Adopting Power BI business intelligence can help organizations make data-driven decisions, improve operational efficiency, and drive growth. Start leveraging the power of Business Intelligence with Power BI today. 

 

Maximize the potential of your data and gain valuable business insights with Power BI services. As a powerful data visualization and reporting tool, Power BI can help you turn raw data into actionable insights, empowering you to make data-driven decisions with confidence. With its interactive dashboards and insightful reports, you can uncover patterns, trends, and opportunities in your data, and transform your business for growth.  

Business Intelligence with Power BI: Key Advantages

There are many options available for organizations for business intelligence then Why Power BI? Power BI have edge over other tools when it comes to effective business intelligence. Microsoft Power BI takes lead over other tools because advantages of Power BI are immense that it offers to organizations. Below are the five advantages of Power BI that results in effective business intelligence which will ultimately bring effective results.

- Data Integration with Power BI

Data integration in Power BI is more advanced compared to other tools due to its seamless integration with other Microsoft products and its ability to handle large amounts of data. Power BI allows for easy import of data from various sources such as Excel, SQL Server, and cloud-based platforms.  

 

Additionally, Power BI’s Direct Query technology allows for real-time data analysis and visualization, providing users with up-to-date insights. Power BI’s powerful data integration capabilities make it an ideal choice for organizations looking to centralize and make sense of their data. 

- Drag and Drop Interface

The drag and drop interface of Power BI allows users to effortlessly manipulate data to create customized visualizations and reports. Unlike other BI tools that require coding or complex data structures, Power BI’s intuitive interface makes it easy for users of all skill levels to explore and analyze data.  

 

The ability to drag and drop data sources and instantly see visual representations differentiates Power BI from other BI tools, enabling users to quickly gain insights and make data-driven decisions without having to rely on IT support. 

- Power BI Data Modeling

Data Modeling in Power BI allows users to create relationships between different data sets and create a unified view of the data. This helps in easy data analysis and decision making. So, the next time you consider adding a new facility, Power BI will assist you in analyzing the impact it will have on its suppliers. It allows a person to observe the current world while still planning for the future. 

 

It also integrates with other Microsoft tools, making it a part of a larger data ecosystem, which can be useful for organizations that use multiple Microsoft products. Additionally, Power BI provides a wide range of data visualization options and interactive dashboards, which can help make data insights more accessible to stakeholders. 

- Ease of Use

Power BI is known for its ease of use, as it offers a simple, intuitive interface for data visualization and business intelligence. This makes it accessible to users with a variety of technical backgrounds, allowing them to easily create and share interactive dashboards and reports. 

- Real-Time Collaboration

Power BI offers real-time collaboration features that allow teams to work together and make data-driven decisions in real-time. With Power BI, users can access and share real-time data dashboards, reports, and visualizations from anywhere, on any device. Power BI also provides robust collaboration tools, including comments, annotations, and co-authoring, which enable teams to discuss and make decisions based on the latest data insights.  

 

Additionally, Power BI’s cloud-based architecture ensures that all team members have access to the most up-to-date data and insights. With its real-time collaboration capabilities, Power BI empowers organizations to make data-driven decisions faster and more effectively. 

- Data Visualization with Power BI

Data Visualization with Power BI allows businesses to turn data into interactive and shareable insights. Power BI stands out from other tools by offering a comprehensive suite of data visualization, reporting, and business intelligence capabilities in one package. With Power BI, users can easily connect to a variety of data sources, perform data transformations, and create interactive dashboards and reports with a simple drag and drop interface. 

 

The tool also provides collaboration features such as shared dashboards and data stories, enabling teams to work together and make data-driven decisions. Power BI’s advanced data visualization options, such as its 3D map and custom visualizations, set it apart from other data visualization tools, providing a more immersive and engaging way to explore data. 

Learn how to leverage Business Intelligence with Power BI

Global Data 365 is a leading provider of Power BI services for effective business intelligence in the Middle East and Africa. Our team of experts help organizations streamline their data management, gain valuable insights and drive better business decisions. With a focus on delivering customized solutions or required trainings, our services are designed to meet the unique needs of each client and maximize the impact of Power BI on their overall success. 

Schedule a Demo with our Power BI Experts

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Jet Basics vs Jet Reports - Should You Upgrade
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Jet Basics vs Jet Reports – Should You Upgrade?

Jet Basics vs Jet Reports - Should You Upgrade

Jet Basics is a free introductory and extensional reporting tool, part of insightsoftware’s Jet software product line, available with Microsoft Dynamics which works with Dynamics NAV and Dynamics GP to create basic financial reports and business queries inside of Microsoft Excel.

 

While it serves as an excellent starting point, Jet Basics is not a comprehensive solution for complex reporting and analytical needs. Understanding its limitations is crucial for determining when to upgrade to Jet’s premium offerings.

Understanding Jet Basics

Jet Basics is an exploratory tool intended to familiarize users with Dynamics NAV or GP while working within Excel. It delivers accurate and consistent data, helping businesses streamline basic processes and maintain a competitive edge. However, attempting to use Jet Basics beyond its scope can be counterproductive. Some limitations of Jet Basics include:

  • Inability to handle multiple companies or data sources.

  • Lack of support for multiple currencies.

  • No self-service reporting or advanced analytics capabilities.

  • Limited options for process automation.

If you find yourself frustrated with these limitations, it’s time to explore why Jet Basics might not meet your needs and consider upgrading.

 

However it is important to note that one should not take Jet Basics for what it is not, i.e. a fully operational reporting or analytic tool which a company needs for thorough reporting and analyses. It is an exploratory tool meant to acquaint one with Dynamics NAV or GP while working in Excel, which if used correctly and not overestimated, provides accurate and consistent data to stay on top of competition and streamline processes.

 

What is counterproductive to that goal of creating accurate reports is using Jet Basics for what is does not accommodate, for example, multiple companies, sources of data and currencies, self-service reporting and analysis, and streamlining processes.

If you’re struggling with using Jet Basics for your reporting needs, first you should find out the most common explanations behind those difficulties, and then we at Global Data 365 will provide you a better-suited solution.

Why Jet Basics Is Not Meeting Your Needs?

It should be kept in mind that as Jet Basics is a ‘freemium’ product, it is not built as a complete solution to a company or organization’s reporting and analytical reporting needs. While there is an inexhaustible number of users who can use Jet Basics as an introductory product, users forget that there is a limit to its capabilities, and to work around that often look for quick fixes such as making it work with corrupt, unstable and oft-times ancient software, and thus invest more time than is needed on this product which is not meant to do what the user is trying to make it do. 

 

For example, users commonly export a table of data into Excel using Jet Basics, and then format the data using VLOOKUP, HLOOKUP and the more basic, primitive to be exact, functions such as ‘Find and Replace’ and ‘Copy and Paste’. Not only is this more time-consuming, but also results in data inaccuracies and errors which can negatively affect their reporting, and thus decisions based on those reports. 

 

After Global Data 365 researched into why this was an issue, users admitted to using workarounds in Jet Basics and admitted they weren’t obtaining any accurate results and just wasting more time. So now we are going to offer a simpler solution to your reporting problems, which are our premium products. 

When You Should Switch from Jet Basics to Jet Reports?

Instead of spending important resources (not fiscal) such as time on freemium products, users should be able to tell when to switch to Jet’s premium products, and have a stronger foundation for your reporting processes from the get-go rather than wasting multiple resources (yes, including fiscal). 

 

We are going to give you three scenarios where a user should consider switching to Jet Reports or Jet Analytics: 

- Flexible Formatting and Automation

When they need flexible formatting and automated processing, Jet Reports is the solution to their problem. With this product, users can automate and schedule real-time reports without any issues. In addition to that, there’s the option of building, formatting and updating reports with user-friendly tools.  

- Self-Service Reporting and Analytics

When they need detailed self-service reporting and analytics and data governance, Jet Analytics is the solution to their problem. With this product, any beginner who does not possess technical expertise can build reports and dashboards in Excel and Power BI, and gain important understanding into data with pre-built cubes, a data warehouse and an extensive framework of dashboard and report structures. And lastly, they can manage, organize, share, compile and customize data a lot faster with the data warehouse automation tool. 

- Multiple Companies or Multiple Data Sources

When users have multiple companies, or are working with multiple sources of data, they can upgrade to Jet Analytics from Jet Basics. Using Jet Analytics, they can easily integrate data from multiple sources and achieve complete data management and collaboration for reliable reporting and budgeting reports, and access data from the databases of multiple companies. 

- Saving Time and Resources

Spending excessive time on manual tasks with Jet Basics can drain valuable resources. Upgrading to Jet Reports or Jet Analytics automates many of these processes, allowing your team to focus on strategic initiatives rather than repetitive tasks.

- Enhancing Collaboration Across Teams

For teams that require seamless sharing and collaboration, Jet’s premium tools allow users to easily share reports and dashboards. This ensures that all stakeholders have access to accurate, up-to-date information, improving efficiency and alignment.

Check out the detailed comparison between both of the products: Jet Basics vs. Jet Reports.

Key Differences: Jet Basics vs. Jet Reports

To help you make an informed decision, here is a detailed comparison of Jet Basics and Jet Reports:

Feature Jet Basics Jet Reports
Cost Free Premium Subscription
Real-Time Data Access Limited to basic queries Comprehensive and real-time
Automation Manual processing required Automated scheduling and distribution
Data Sources Single source Multiple sources and databases
Ease of Use Beginner-friendly Advanced but intuitive tools
Advanced Analytics Not supported Full analytics capabilities

Benefits of Upgrading

Upgrading to Jet Reports or Jet Analytics unlocks the full potential of your reporting capabilities. Benefits include:

  • Enhanced Accuracy: Automated processes reduce human error, ensuring reliable data.

  • Time Efficiency: Spend less time on manual workarounds and more on strategic decision-making.

  • Scalability: Handle complex reporting needs as your business grows.

  • Integration: Leverage data from multiple sources, creating unified and actionable insights.

  • Better Collaboration: Share reports seamlessly across teams using intuitive tools.

In Conclusion

Reporting doesn’t have to be a time-consuming task, provided you know when to upgrade from Jet Basics. Jet Reports offers the user to unlock full potential of the reporting tool, help create flexible reports and automate the distribution with Jet scheduler. While, Jet Analytics offers the user to combine data from multiple data sources, improve performance and use Power BI.  

Get 30 days free upgrade to Jet Reports.

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Increase Revenue with Financial Reporting Tools in 2021
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Increase Revenue with Financial Reporting Tools

Increase Revenue with Financial Reporting Tools in 2021

Profitable companies recognize that technology can be a strong competitive game-changer. Technology is widely thought of as a crucial enabler of performance. It is, but software technology also provides new revenue streams. Financial Reporting tools and technologies are an underrated key to unlocking value as businesses aim to maximize sales, expand their customer base, and retain customer loyalty. 

 

Listed below are the five main strategies for increasing profit using your ERP system and comprehensive financial reporting tools. 

- Drive Sales Team

There is a gap between different silos within a company in far too many cases. For example, between sales and finance or between sales and supply chain management. When information isn’t passed back and forth effectively, revenue opportunities are often lost. Think about what happens when a user attempts to order an item that is no longer available. Sales should, in principle, have good visibility into planned delivery dates and be able to position orders on an available-to-promise (ATP) level without compromising customer satisfaction. This fits well if the ATP numbers are reliably correct, but if they aren’t, it can lead to missed delivery dates, cancelled orders, and disappointed customers. 

 

If a business is mindful of the problem, sales can be notified, and consumers can be directed to alternative products. Direct replacement object feature is available in many modern ERP systems. MD365 Finance & Supply Chain Management (Microsoft Dynamics 365 Finance & Supply Chain Management) is a Microsoft Dynamics 365 Finance; it is referred to as an alternate item (F&SCM), but the effect is the same. However, without good insight into ATP accuracy and missed delivery dates, management can be unaware that a problem exists. 

 

What percentage of delivery dates are missed due to incorrect ATP numbers, and what is the root cause? Off-the-shelf ERP reports are unlikely to provide you with enough detail to determine if this is happening, why it is taking place, and whether it needs to be addressed. Both the sales and finance divisions have good insight into the program’s success by closely tracking it with custom reports. 

- Customer Demands Compliance

Customers usually also create vendor specifications to simplify the management of incoming inventory. Electronic Data Interchange (EDI) is the default for obtaining the sales order and delivering advanced shipping notices (ASNs) to customers used by big-box retailers. Larger consumers also enforce barcoding conditions. Although those are well-known examples, large companies are increasingly requiring suppliers to adhere to other requirements as well. Walmart declared its plan to reduce CO2 emissions in 2017. Project Gigaton, as the program is called, aims to reduce the company’s carbon footprint across the supply chain. In other words, Walmart will demand that its suppliers keep track of the carbon footprint of the goods they sell to the company. 

 

Only a few ERP vendors have built processes into their software to monitor this type of data. It is starting to happen in the biggest, most costly programs, but for most organisations, the problem can be solved with a blend of custom user-defined fields and versatile financial reporting tools. Whatever potential requirements can entail, reporting tools may help companies remain in compliance. 

 

Only a few ERP vendors have built processes into their software to monitor this type of data. It is starting to happen in the biggest, most costly programs, but for most organisations, the problem can be solved with a blend of custom user-defined fields and versatile financial reporting tools. Whatever potential requirements can entail, reporting tools may help companies remain in compliance. 

- Understanding Customer Demands

From the day of the outbreak of the COVID-19 pandemic, most firms ramped up their efforts to boost customer loyalty, with a particular emphasis on their biggest and most profitable customers. Smart companies searched for ways to diversify sales and preserve consumer loyalty as a wave of shutdowns and rapid swings in demand swept the economy. Understanding who the most valued clients are is the first step in attending to them. 

 

Basic ERP reports aren’t designed to include that degree of complexity and depth. The data is available, but it may be distributed around your organization. When many software systems are involved, it’s difficult to get a comprehensive picture of the situation. Nonetheless, having that exposure is important for customer-focused companies. It’s possible thanks to reliable reporting tools. In addition, having easy access to consumer data opens up new possibilities. 

 

The situation has drastically changed in the global marketplace. Although determining the effectiveness of media ads and direct mail remains difficult, digital marketing has revolutionized the business world with possibilities for targeting customers with highly targeted messages and assessing the effectiveness of such promotions quickly. 

 

To provide a basis for digital marketing automation, a new generation of CRM software has emerged. Despite this, many businesses also regard ERP and CRM as separate roles. As a response, there are untapped opportunities to recognize buying habits and common desires among subsets of consumers and create revenue-generating marketing strategies to meet their needs. The correct reporting tools can act as a catalyst for data to be aligned through multiple silos within an enterprise. 

- E-commerce Integration

With the arrival of COVID-19, online shopping has exploded. Many forward-thinking businesses were already trying to strengthen their e-Commerce capabilities before the pandemic. The coronavirus, on the other hand, was a call to action for anyone with a small online presence. Many ERP vendors have taken the finest integration approach to e-Commerce, allowing consumers to choose from among a variety of online sale platforms. 

 

This allows sellers more versatility and, in certain cases, provides new business possibilities (via Amazon or eBay, for example), but that also makes it more difficult to get a clear picture of product revenue across platforms. When businesses use the automated reporting tools offered by each e-commerce platform provider, they get a much-distorted vision of their online business. Business executives will obtain consistent visibility into all their sales operations, through all sales channels, including e-commerce, by putting data together under one platform and then validating it so that it offers an apples-to-apples comparison. 

- Data Visualization

Efficient reporting tools ensure that important performance metrics are accessible across the entire enterprise. It is more important than ever for business leaders to have a real-time understanding of what is going on. Management needs to know whether the supply chain isn’t running smoothly, whether backorders are piling up, or whether consumer quotes aren’t converting into purchase orders. 

 

Simple ERP and CRM report also provide routine preliminary data, but they fall short when it comes to calculating the distinctive numbers and features that are specific to each sector. The ability to run ad hoc queries, ask questions specific to your company, and receive answers that represent reliable, up-to-date data from your ERP, CRM, and other systems is critical to running a successful business in today’s fast-paced world. 

- Automate Processes

Reporting takes up a lot of time for most organisations because it requires time-consuming manual procedures such as copying and pasting data from exported CSV files or device reports or manually inserting data into Excel spreadsheets. These types of processes often create errors, resulting in a lack of trust in the data being recorded. Business leaders often share dissatisfaction with their software systems’ inability to provide clear information on time. If an organisation has straightforward, reliable, and timely information based on real-time data, everybody in the organization will function on the same collection of facts. As a result, the management team will be able to spend less time discussing numbers and more time-solving issues and improving business outcomes. 

In Conclusion

Global Data 365 connects to over 140 different ERP systems to provide financial reporting tools. For nearly three years, we have been assisting business leaders in obtaining the data they need effectively, reliably, and efficiently to improve financial knowledge and increase sales. Contact us today for a live demo if your company wants to boost sales in the coming year 

Get 30 days free upgrade to Jet Reports.

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Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

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We are the authorized distributor of insightsoftware in Middle East. We have worked with 100+ companies in solving their reporting pain points and are committed to providing companies with fast and convenient data access methods from Microsoft Dynamics ERPs using insightsoftware's products and Microsoft Power BI.

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Horizontal - Orignal Colors - Tagline - Logo

We are the authorized distributor of insightsoftware in Middle East. We have worked with 100+ companies in solving their reporting pain points and are committed to providing companies with fast and convenient data access methods from Microsoft Dynamics ERPs using insightsoftware's products and Microsoft Power BI.

Solutions

D356 Business Central
D356 Finance & Operations
D356 CRM
Jet Reports
Jet Analytics
Power BI
Power Apps
Power Automate

Resources

Blogs
Latest News
Help Center
Become a Partner

Training

Jet Training
Power BI Training

Contact Us

Office M04-25, M Floor Emirates Professional Business Center Al Qusais 2, Dubai, United Arab Emirates

+971 52 843 3085

sales@globaldata365.com

Youtube

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