Financial reporting is perhaps the cornerstone of Business Intelligence (BI) analyses as they quantify a company’s financial health in what should be an easily digestible set of operational and financial reports. Business is moving so fast these days, and Retail is exactly the same. Accounting systems, like Microsoft Dynamics NAV, usually provide built-in financial reporting functionality. But with consumer demands for complex, richer data analyses – and reporting that is specific to your industry – the native report designer is typically subpar for end user objectives. In this article, we’ll explore independent software vendor (ISV) offerings for dynamic, easy-to-use, and modern financial tools that provide Retail companies the analytics they require to make informed decisions about the future.
This article will explore key considerations in regard to features and functionality you should be looking for in a modern, easy-to-use retail dashboard tool for your Microsoft Dynamics NAV experience.
You’re probably not surprised when you hear that dashboards are at the top of the list of most popular Business Intelligence (BI) solutions on the market today. Gartner did a study in 2013 on Financial Executive International CFO Technology, which delivered the conclusion that dashboards, scorecards, and performance management solutions are the top priority for today’s executives. Modern retail business culture is more fast-paced than ever, and dashboards deliver quickly digestible and accessible analytics. Dashboards are graphs, charts, and scorecards that illustrate data trends, successes, and problem areas with key performance indicators (KPIs), whether you are looking at a store, region, product, one corporate department in particular, or the whole company.
If you’re part of a Retail organization’s finance team and you’re using Microsoft Dynamics AX for your accounting processes, this article is for you, discussing your financial reporting software options.
Financial reporting is arguably the centerpiece of Business Intelligence (BI) analytics as they summarize the financial health of an organization in a hopefully easy-to-read set of financial and operational statements. Business is moving at quite a rapid pace today, and Retail is no different. Enterprise resource planning (ERP) systems, like Microsoft Dynamics AX, typically offer financial reporting functionality built right into the program. However, with the need for more complex, robust data analytics – and now, industry-specific reporting – the native report writing usually falls short of consumer needs. This article will discuss your third party options for modern, powerful, and business user friendly financial reporting solutions, offering Retail organizations the information they need to make stronger decisions about the future of their company.
Dashboards are the current leading Business Intelligence (BI) tool in the marketplace, according to a recent study by Software Advice, a comparison site for business intelligence tools. In 2013, Gartner’s study on Financial Executive International CFO Technology found that dashboards, scorecards, and performance management software is the top priority for executive teams these days. Today, managing a hotel or a restaurant is a more fast-paced task than ever, and dashboards provide business user friendly, powerful analytics. Moreover, dashboards are graphs, charts, and scorecards that demonstrate company trajectories, opportunities, and challenges using key performance indicators (KPIs), whether you’re analyzing the success of a project, a department, or the entire organization.
This article will discuss the functional and flexible KPI analytics to think about when selecting a powerful, business user friendly retail dashboard solution for your Microsoft Dynamics AX experience.
Is it surprising to you that dashboards are the number one solution in the Business Intelligence (BI) marketplace? Probably not. Gartner’s 2013 study on Financial Executive International CFO Technology reported that dashboards, scorecards, and performance management solutions are the number one priority for executives today. The modern retail business moves faster than ever, and dashboards offer easy-to-read, quick-to-digest data analysis. More specifically, dashboards are charts, graphs, and scorecards that showcase organizational trends, successes, and challenges with key performance indicators (KPIs), whether focusing on a project, a department, or looking at the whole organization.