Opening Up Insights Into Your Business Data
- Standard business and accounting packages generally have internal reporting tools that are somewhat basic.
- This is because they are designed to store, process and categorise information in a robust manner, rather than to output data in intuitive ways.
- There are many advantages to creating additional reports outside of your business systems, which include a greater level of visibility of the numbers, and that ability to present in graphical formats. Furthermore, selected stakeholders can access information for themselves, performing their own drill-down and data filtering (e.g. by month / year etc.).
- In addition, full-year results can be generated on a month-by-month basis, allowing visibility across the year. Furthermore, standard reports can be run, e.g. Profit & Loss, Balance Sheet, Cashflow etc. with the ability to also view underlying transactions.
- Report distribution (generally via Power BI) can be made securely under your Microsoft 365 secure environment, enabling individuals to log in from their online device and to refresh data as required.