Reporting & BI
Reporting & Business Intelligence
In many medium and large enterprises, reporting is still anchored in a business intelligence team or business intelligence competence centers (BICC). Today the focus of these departments is less on reporting and more on data quality, data governance, data management and data integration, and regulatory compliance.
Reporting is one of the core functions of business intelligence. The communication of data analytics results is just as crucial as correctly generating the reports in the first place. This is done by means of success-relevant key performance indicators (KPIs) and their visualization in dashboards or reports. The monitoring, analysis, and communication of KPIs by means of business intelligence reporting enables all decision-makers in the company to act in a data-driven manner.
Professional and strategic reporting with modern BI reporting tools offers companies a variety of advantages. State-of-the-art reporting is characterized by the fact that the reports are individually designed according to the target group and can be generated independently using self-service tools.
With self-service BI solutions, companies can increase their workflow speed, since the BI competence no longer lies solely in the IT department, the BI team or the BICC. The various reports can be created independently by the business departments without any loss of time. This creates flexibility, shortens the data-based decision-making process, and empowers decision-makers to act quickly.
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The advantages of modern BI reporting tools
Modern BI reporting software enables centralization of data from databases, CRM or ERP systems and others. This allows business departments to directly access up-to-date information and perform cross-data source analysis or calculate key performance indicators. Thanks to the use of artificial intelligence and machine learning, opportunities and risks as well as optimization possibilities can be discovered at an early stage. This means that users are informed of any anomalies or deviations from targets and can take immediate action.
Self-service for the business department
Modern BI reporting software enables centralization of data from databases, CRM or ERP systems and others. This allows business departments to directly access up-to-date information and perform cross-data source analyses or calculate key figures. Thanks to the use of artificial intelligence and machine learning, opportunities and risks as well as optimization possibilities can be discovered at an early stage. Users are informed any anomalies or deviations from targets that arise and enables them to take immediate action.
Our joint path to more business intelligence in reporting
Woodmark experts support you in the selection and implementation of a modern BI reporting tool and adapt it to your individual business requirements.