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Pegasus Blog

What to look for in a business intelligence solution

DATE

September 25, 2014


To remain competitive in today’s business environment it’s essential that your reporting system gives you the information you need, exactly when you need it. If you’re not able to make up to the minute decisions then you’ll be left behind. That’s where business intelligence (BI) software can help.

Any good BI solution will offer a range of reporting tools to help you view and manage your data. We’re going to look at some of the key reporting tools and features which you might want to consider when looking for a new BI solution.

When looking at BI software it’s important to consider the functionality it offers. Ask yourself; who will be accessing your data, how can data be extracted and ultimately, is your chosen system going to give you the information you need to run your business effectively? Quite simply, there is no point having an all singing, all dancing system if it’s not doing what you need it to or if it’s too complicated.

1. Dashboards

Are you a graphs and charts person? Dashboard views are great for showing your KPIs in easy-to-view graphs, without showing you everything. They can give you real time information so you can quickly see what’s doing what, without having to crunch the numbers first.

2. Excel functionality

Why make life harder than it needs to be? If you’re a whizz at Excel then why not look at reporting solutions which have the capability to integrate with the environment you’re familiar with? Outputting reports to Excel will allow you to drill down and manipulate your data further to get the information you need so you can easily share it with other decision makers in your business. Plus, you’ll find you’re more productive when focusing on the figures rather than which buttons to press.

3. Customisable views

Will several employees be using the system? Different departments will be looking for different information so the ability to customise columns and rows is a helpful feature to ensure your business intelligence system works for everyone in your business.

4. Active grids

Do you like to play around with your data and compare figures against each other? Active grids which allow you the flexibility to move data around and order columns as you wish can give you a much deeper insight. Avoid more restrictive solutions which only display your data in fixed views and make it less flexible.

5. Hidden reports for printing

Do you have board meeting after board meeting and top execs requesting information for discussion? Hidden reports showing your key information in a printable format are ideal for sharing with colleagues and stakeholders in those important meetings.

Take a look at Opera 3’s award-winning business intelligence functionality and see how it can work for your business, contact us on 0800 919 704 .