How We Simplify Complexity
Let’s look at conventional reporting vs modern business intelligence
Current ways of Reporting – Insight
Its crunch time, your Financial Director requires information on your month to date sales – you start pulling data into a shadow system like Excel to get all the data in one place. It takes time to find the data you’re looking for and move it into a central Excel sheet. Then you start all over again! Once you’re done with this tedious process the “fun” part starts – sorting out the data and then building the report your Financial Director has requested. The report is static, to show where the problem lies you build more than one report.
This is an extremely costly method of reporting not to mention time-consuming, with no value added towards the company during the process. Pulling data into shadow systems such as excel gives your business insight into how your current data looks but does not give you any form of intelligence at all.
ERP application Reporting – The surface of analytics
If your ERP application gives you the ability to download a certain report, unfortunately, it does not show you the specifics, and if you’re a multi-system, multi-national, multi-currency company the devil always lies in the detail. The frustration can leave many companies to explore alternative ERP systems, but the cost and disruption of implementation are extremely high.
Most modern ERPs provide business decisionmakers with a basic level of reporting that it is only scratching the surface. It does not drill down to the devil – transactional level detail that changes all the time. This is one of the biggest challenges today, as 90% of the South African market uses business analytics tools that do not allow them to dig deeper into the company’s financial, sales and operational data.
Why the Canvas Intelligence solution with PowerBI?
At Canvas Intelligence we are a team of Chartered Accountants and Developers combined. The more complex your business – multinational, multi-currency, multi ERP systems – the more value the Canvas Intelligence reporting will add. This is because we pull your data into one data warehouse, to build your company reports from transactional level upwards, enabling you to drill down. Canvas Intelligence uses PowerBI to deliver dynamic, detailed business reports to decisionmakers. Power BI, Excel and Power Pivot share the same engine, this allows the users of Power BI to conveniently adopt and manipulate their current way of reporting. Furthermore, Power BI has stunning visual reports, that can be viewed on mobile and desktop.
Did we mention that your data can be saved on-premise and deployed to Microsoft Power BI On-Premises data gateways to connect to powerbi.com? Power BI is where intelligent business begins. Using it within your platform is how you can easily explain the questions your manager asks without breaking a sweat.