Data is the engine that runs your organisation. It's the data that shapes a marketing strategy, drives business decisions, and brings customers towards the business. In recent years, tools and technologies such as Big Data, Artificial Intelligence, and Machine Learning have been the forces assisting organisations to leverage a wealth of data.
However, a huge majority of organisations are unable to fully tap into the potential of data. According to a report, approximately 90-95 percent of data is left unanalysed and unused. With more than 1MB of data getting created every single second, there is obviously no shortage of data to go through. Now comes the big question - how do organisations harness this power of data? And now just manage it efficiently, but also grow and expand with it?
This is where Artificial Intelligence steps in but not every AI tool is created equal. Therefore, it is critical to choose the right AI tool as part of your organisation processes.
With Microsoft Dynamics 365 Business Central, you can gain uninterrupted access to an end-to-end Enterprise Resource Planning (ERP) solution that is customisable to fit unique and specific requirements. The reporting capabilities of Microsoft Dynamics 365 Business Central combined with the connectivity of Power BI and the familiarity of Excel help users with invaluable insights.
Let us now read about:
Some of the most useful reporting features of Business Central and how to effectively utilise Excel.
How Power BI redefines the concept of insights by offering additional detailed reporting?
How the team of C.I.G. Consultants provide users with customisable, dynamic dashboards?
Dynamics 365 Business Central: Your All-in-One Business Management Solution
Business Central brings together a series of business processes and then enables them to work seamlessly with each other while offering a 360-degree view of operations. It includes value-driven features such as supply chain, sales, project management tools, operations, accounting, and customer service and each helps to automate workflows and tasks. Dynamics 365 Business Central also utilises a count of Microsoft tools like Word, Outlook, and Excel.
Three of the most prominent reporting features of Dynamics 365 Business Central include account schedules, analysis views, and actionable insights.
There is no denying the fact that financials are the core of every organisation, irrespective of its size of operations or line of business. Account Schedules help users dive deep into this data, access actionable reports, and find out what's happening in real-time. Using Business Central, users can request balance sheets after customising the report layout from a specific time (usually a year-to-date format) and compare budget amounts from other quarters, semi-year, or even a full year.
2. Analysis Views
The real power of analysis views comes from using them in a combination with other dimensions but they can be leveraged alone. Using Business Central, users can create different views to help them drill further into data and the generated reports will help them get an idea of their current business state.
3. Actionable Insights
The Essential Business Insights Extension, powered by Power BI, helps in making a quick search for crucial information within organisation data and demonstrate them as newspaper-like headlines in Role Centres.
Executives and accountants need to have a complete overview of what's happening within specific business accounts. Monitoring live data is extremely easy as Business Central integrates seamlessly with Excel. This integration helps users read, update, or write sales orders, invoices, perform mass data import/export, and conduct data cleaning directly within Excel. Furthermore, they have the option to customise a report within Business Central to make sure accurate information is shown before it gets loaded into Excel.
Using Power BI (an exceptional data visualisation system), users can retrieve data directly from Microsoft Dynamics 365 Business Central to create meaningful reports based on the information.
Users can create customised dashboards and views of data, embed Power BI reports directly in parts, and view business data from Business Central as reported in Power BI. They can also explore the power query editor that allows cleaning and refining of data from a single window. Using data modelling, users can even build custom calculations on the existing tables and these columns can then be presented into Power BI visualisations directly.
Track, Analyse, and Organise Information Seamlessly with custom Dashboards from C.I.G. Consultants
At C.I.G. Consultants, we help Microsoft users with custom executive reports and dashboards that allow them to access a dynamic view of data to make smarter and quicker business decisions. Business leaders can use the collected information and insights to redefine business policies and drive business success.
Contact C.I.G. Consultants now to learn more about Microsoft Dynamics 365 Business Central and additional service offerings.