Increasingly businesses are looking to bring multiple data streams together and report in a unified platform.
It is typical for a business to have an operating system, accounting system and a data collection system. They usually look like this:
- Operational System: an accounting system addon or ERP with old, inflexible reporting analytics
- Accounting System: MYOB or Xero
- Data Collection: Excel or other cloud task list tool
What is the solution? There are a multitude of reporting tools in the market. According to a recent Gartner magic quadrant report (Feb 2020), Microsoft Power BI and Tableau are clear leaders in this market, followed by Qlik and ThoughtSpot.
We recommend Power BI as it has multiple advantages, one of which is the power query tool built into the solution. Power query enables you to bring multiple data sources together and unify them into a single report.
Power BI dynamically changes the data as you select elements on the report making analysis and storytelling easy to do.
At Cutcher & Neale, our Software Team has created dashboards and reporting visuals connecting to industry specific systems, ERP systems and accounting systems. Power BI provide multiple connection options making it possible to connect to nearly any system.
If you would like to review your business reporting systems reach out to our C&N Software team today.
