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Jet Reports AI Assistant – Boost Financial Reporting

Global Data 365
September 20, 2024

Financial reporting is a critical component of every business, providing insights into financial health and guiding decision-making. However, the process can quickly become overwhelming, requiring businesses to sift through vast amounts of data, compile reports, and analyze complex financial trends. Many organizations find this both time-consuming and challenging, often struggling to efficiently gather and interpret the information needed for accurate, timely reporting. Find out how Jet Reports AI assistant helps you to step-up financial reporting for your organization.

What is Jet Reports?

Business Intelligence such as; Jet Reports is a comprehensive business reporting tool that integrates directly with your ERP system, enabling fast, accurate financial and business reporting. By using familiar platforms like Excel and Power BI, Jet Reports makes it easy to pull in real-time data from your ERP and create reports that provide deeper insights into your business’s financial health.

Jet Reports AI Assistant

With the introduction of the Jet Reports AI Assistant, financial reporting is no longer a manual, time-consuming process. The AI assistant takes Jet Reports’ powerful reporting capabilities to the next level, making it easier than ever to access, analyze, and act on your financial data. Instead of hunting for the right numbers or spending hours interpreting data, you can simply ask the AI assistant, and it will instantly provide the information you need.

Learn More about the capabilities of AI Assistant: Watch the Webinar.

In this blog post, we’ll explore how Jet Reports, enhanced with cutting-edge AI capabilities, can revolutionize your financial reporting, providing game-changing insights and streamlining the process for better decision-making. Let’s dive into the keyways it can help your business.

Key Takeaways for Jet Reports AI Assistant:

1. Gamechanger for Financial Reporting

The Jet Reports AI Assistant eliminates the hassle of searching for financial data. With a simple query, it delivers relevant information in seconds, allowing you to focus on analysis rather than data gathering.

2. Turn Data into Actionable Insights

It doesn’t just present data—it interprets it. By identifying hidden trends, fluctuations, and outliers, it transforms your financial data into actionable insights that empower strategic decision-making.

3. Proactive Risk Management

AI assistant continuously analyzes your financial reports, helping you spot potential risks and irregularities early on. This proactive approach allows you to implement risk mitigation strategies, safeguarding your business’s financial health.

4. Enhance Microsoft Dynamics ERP with AI

Jet Reports AI Assistant works seamlessly with Microsoft Dynamics ERP and Microsoft Co-Pilot, amplifying your financial reporting capabilities. The integration streamlines productivity, enhances reporting accuracy, and provides in-depth financial analysis to ensure informed decision-making.

5. Boost Productivity and Accuracy

By automating time-consuming tasks like report generation and data analysis, Jet Reports AI Assistant increases your team’s productivity. This accuracy also reduces errors, ensuring that your financial reports are reliable and up to date.

In Conclusion

The Jet Reports AI Assistant is more than just a tool; it’s a gamechanger for businesses looking to streamline their financial reporting process. From actionable insights to

proactive risk management, this AI-powered solution helps you make data-driven decisions with confidence.

Ready to transform your financial reporting? Learn more about how Jet Reports AI Assistant can revolutionize your approach and unlock smarter, more efficient financial reporting for your business.

Get 30 days free license for Jet Reports

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About Us

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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Jet Basics vs Jet Reports – Should You Upgrade?

Global Data 365
March 26, 2021

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.

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.

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