Real-time Data Cube management in EasyReports helps in Quick Decision Making

//Real-time Data Cube management in EasyReports helps in Quick Decision Making

Real-time Data Cube management in EasyReports helps in Quick Decision Making

With the ever-growing competition in every domain, it is quintessential for any business to be at their best throughout the year. However, when they try to get the most out of their business, they face numerous difficulties and constraints. One of the most typical issues they face is regarding report generation and accessing the same as per their required format with the given parameters. In addition, there is no need to say that decision-making is greatly dependent on the understanding of the historical data (read performance) of your business. The better you understand the present health of your organization, the quicker would be the decision making process and this helps your business become more agile and aligned to growth.

Easy Reports is the latest accounting business intelligence tool, equipped with advanced features to make report generation easier than it was never before. Data cubes play a vital role in representing numerous reports that eventually helps in quick decision-making and ensures future profitability of your business.

Easy Reports works in real-time integration with Tally ERP9 and that is why data cubes are also in sync with the data available in your Tally.

Let us have a look at how real-time cube management is helping many businesses.

For example, say, your sales force has sold 12 pieces of a particular SKU and can book the status accordingly. Once the data is entered accordingly in Tally, it immediately gets reflected in your EasyReports dashboard and reports and you know the updated inventory status in a click.

If the stock goes below the lower threshold limit, the BI dashboard would immediately raise an alert and you can reorder items based on this data without waiting for end-of-day data transfer and update which might lead to loss of sales opportunity. This helps you the get real time update on demand and rather than blocking your money in building up a huge inventory you can maintain a sleek inventory which impacts your cash flow positively. This real time update of data happens without manual intervention. The back office operations and production from real time demand (in case you are a manufacturer) benefits your organization from top line as well as bottom line aspect.

Data cubes are categorized in the form of various reports. This is not only meant for the convenience of the user but also helps you in gathering the reports of the same kind at a place.

Based on some parameters (also known as dimensions), nth number of reports can be generated. In EasyReports, there are three basic and primary dimensions –

  • Company Name
  • From Date
  • To Date

In addition, in some exceptional cases, another fourth parameter could be added that is also known as Derived Parameter. In the most cases, a filter is added as per the requirement of the business.

The Data Cubes that are available with Easy Reports are as follows –

  1. Sales
  2. Purchase
  3. Accounts Receivable
  4. Accounts Payable
  5. General Ledger
  6. Cost Centre Accounting
  7. Inventory
  8. MIS & dashboards
  9. Order Processing
  10. Voucher Information

These Data Cubes are broad classifications. Under each cube, numerous reports can be found. Let’s have a look –

I.    Sales – As the name depicts, this data cube accommodates almost all reports related to sales. Some of the most important reports that can be found under this are –

Delivery Details, Agent Wise Sales & Receipt, Credit & Cash Sales, Customer Credit History, Sales Detailed Analysis, Sales Summary, Price Level Wise Sales Details to name a few.

II.   Purchase – This data cube is of great help when any organisation is looking for all the reports related to ‘purchase’ at one go. It consists of five reports –

Purchase Detailed Analysis, Purchase Rate Movement, Purchase Summary, Purchase Target v/s Actual, Purchase Transactions.

III.    Accounts Receivable – this is another data cube of utmost importance. Are you looking for those funds you are going to receive from various heads? Then you are at the right place. Some of the most important reports available with this cube are –

Customer Bill Wise Transaction Details, FIFO wise Ageing Report, Average Collection Period, Customer Transaction Analysis Summary, Overdue Payment Details, Receivable Summary and so on.

IV.    Accounts Payable – this cube has nine reports.

Supplier Transaction Analysis Summary, Supplier Ageing Analysis by Due Date, Supplier Ageing Analysis by Bill Date, Supplier Transaction Analysis Detailed are leading reports that can be found over here.

V.     General Ledger – It is quite evident from the name that this cube deals with the ledger and some generic reports can be found under this cube. Salary Breakup, Salary v/s Payment, Cash Flow Statement, Combined Staffing Report, Account Transactions Details – these are some of the most important reports available with ‘General Ledger’.

VI.   Cost Centre Accounting – Agent Wise Profitability, Cost Centre Balance, Salary Details Report, Reconciliation Report-Cost Centre Missing are some reports you can have from this cube.

VII.    Inventory – This cube deals with stock and stock ageing and there are six reports. Current Closing Stock Detailed, Current Closing Stock Summary, Daily Stock Detailed, Daily Stock Summary, Stock Ageing, Stock Ledger Transactions are the reports that not only reflects the overall health of your organisation but also gives you the entire inventory related perception at a glance.

VIII.    MIS & Dashboards – This cube has five dashboards, which means you will be able to get information from different dimensions on a single go as per your requirement. The dashboards available under this cube are –

  • Cost Centre Dashboard
  • Purchase Dashboard – Current Month
  • Purchase Dashboard – Current Year
  • Sales Dashboard – Current Month
  • Sales Dashboard – Current Year
  1. Order Processing deals with two reports – Purchase Order Pending and Sales Order Pending
  2. The last cube of Easy Reports deals with Voucher Information

All of these cubes are designed to give you the required information as per your given parameter in a click. Therefore, rest assured, with EasyReport’s real-time data cube management, you can take the best decision in the shortest possible time.

By | 2017-11-18T12:16:59+00:00 October 24th, 2017|Uncategorized|0 Comments

About the Author:

Ravi Kedia, founder and CEO of EasyReports BI, started his career as a Business Analyst and worked with companies like Tata Consultancy Services, ITC and Accenture. In the year 2009 he started EasyReports BI with a vision to make analytics affordable and easy to implement for SMEs.

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