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Jet Reports AI Assistant – Boost Financial Reporting

jet reports ai assistant

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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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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Management Reporter vs. Jet Reports

Management Reporter Jet Reports

Importance of Reporting Tools in Business Management

In today’s dynamic business environment, the significance of robust reporting tools cannot be overstated. Efficient financial reporting software and business intelligence reporting play a pivotal role in business management; aiding organizations to make informed decisions, monitor performance, and strategize for the future. Two prominent players in the reporting tools arena are Management Reporter vs. Jet Reports. 

What Is Management Reporter?

Management reports are essential components of business intelligence, providing a comprehensive overview of an organization’s financial performance. Management Reporter, a powerful financial reporting tool, stands out with its versatile report designer, enabling the creation of dynamic reports tailored to specific needs. 

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

What is Jet Reports?

Jet Reports, on the other hand, is a dynamic business intelligence tool that goes beyond conventional financial reporting. With its user-friendly interface and Jet Dashboard Designer, organizations can leverage its capabilities for comprehensive financial reporting and analysis. Jet Reports is known for its adaptability and ease of use, making it an asset for businesses aiming to enhance their reporting processes. 

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

Management Reporter vs. Jet Reports: Key differences

Management Reporter (MR) is a standalone application from Microsoft that pulls data from Dynamics GP, while Jet Reports is an Excel add-in that pulls data into Excel from Dynamics GP. Jet Reports works with Microsoft Dynamics GP 9 (November 2005 release) and later. Both tools were designed specifically for working with Microsoft Dynamics data and integrated seamlessly with Dynamics GP, but between Management Reports vs. Jet Reports there are several key differences. 

  • Building reports – MR reports are built in components one-by-one, starting with defining rows, then defining columns and trees, while Jet Reports are built in whole, not in components, cutting in half or more the time it takes to create a report. 
  • Previewing reports – You cannot preview reports in MR, unless you assign a row to an actual report. In Jet Reports, you can easily toggle between design mode and report mode to check and see if the formatting and formulas you used are working as desired. 
  • Adding new accounts – When a new account is added in Dynamics GP, it must be manually added to Management Reporter. Due to the way MR is structured, not all data changes in Dynamics GP will be tracked on the change tracker and do not update the data mart, which is the tool that syncs MR with Dynamics GP. At times there might be hard coding involved to change how the data mart pulls data from Dynamics GP. However, Jet Reports can refresh data from Dynamics GP at any time, and new accounts will show up, without any hard coding or manually checking for new accounts. 
  • Data extractions – MR connects directly to your instance of Dynamics GP, however you can only create reports in MR using that data – you cannot pull from any other source. In contrast, Jet Reports allows you to pull data from numerous sources and consolidate it together, rather than just pulling data from Dynamics GP for building reports. Jet Reports can extract any data from Dynamics GP into Excel, and when the data refreshes, so does your pivot table. 
  • Working in Excel – When building reports in MR, you can link to an Excel spreadsheet as a reference and pull in data from a spreadsheet. MR users often find themselves switching between MR and Excel when building reports to pull in data from different sources that might have been exported into Excel. With Jet Reports, you’re working directly inside Excel and can pull data from a variety of locations in addition to from Dynamics GP. This creates a smoother workflow and reduces the need to switch between applications to find the necessary data for a report or dashboard. Additionally, with designing Jet Reports inside Excel, you can take advantage of formatting options, copying and pasting, and other functionalities you are used to in Excel. 
  • Compatibility – The most recent version of MR reporter is Management Reporter 2012, last updated in 2014, and is compatible with Dynamics AX 2009 and 2012, Dynamics GP 2013 to 2018, and Dynamics SL 2011 and 2015. Jet Reports is regularly updated by insightsoftware, and is compatible with all Microsoft ERPs including Dynamics 365 products, Dynamics NAV, Dynamics GP, Dynamics AX, Dynamics CRM, and Dynamics SL. 
  • Migrating to a newer ERP system – Dynamics GP is no longer supported by Microsoft and many companies realize they will eventually need to migrate to a newer ERP such as Dynamics 365 or choose a new ERP altogether. MR is not supported by newer Microsoft products, and as such, none of your reports built inside MR will migrate with you to a new system. On the other hand, all work completed in Jet Reports carries over into any ERP you choose since it is an independent platform and can pull data from any source; all you would have to do is update the data connectors. 

In Conclusion

In conclusion, while both Management Reporter and Jet Reports serve essential roles in the realm of reporting tools, but in the comparison of Management Reporter vs. Jet Reports the latter stands out as a superior choice for businesses aiming to elevate their business management with efficient financial reporting and business intelligence capabilities. The decision ultimately hinges on the specific needs and priorities of each organization, but Jet Reports’ user-friendly features and comprehensive functionality position it as a strong contender in the reporting tools landscape. 

Get 30 days free license for Jet Reports

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Jet Basics vs Jet Reports - Should You Upgrade

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.

 

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.

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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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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