July 8, 2019
Business Intelligence (BI) is a tech-driven process for data analysis, which delivers key business insights and is increasingly becoming a strategic differentiator for today’s leading organizations. One of the main functions of a BI tool is to provide its users with real time analysis and BI tools can generate insightful reports on every aspect of the business. In this blog we will discuss, how Tally BI reporting can ease your pain.
Tally is a well-known solution for accounting and stock inventory. It manages stock, assembly, accounting, and inventories for organizations. It includes an integrated Tally Dashboard with pre-built dashboards and report layouts. These helps monitor business parameters, identify problems, and seize opportunities.
Tally BI also allows users to plan, forecast, and track key performance indicators (KPIs). Users can customize reports without needing expert programmers or analysts.
Bill Gates has once said that, “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency.” BI or business intelligence is in itself a technology tool that does more than generating reports. Many companies have moved away from manual report generation. This shift helps reduce errors, save time, and cut costs. It also ensures secure access to reports anytime, anywhere.
The Role of BI in Modern Businesses
With a BI tool, it becomes easier to get relevant and useful information sourced from different sources and that too in a timely manner such as daily, weekly, or even monthly. Moreover, the freedom of customizing these reports in multiple formats gives ample scope of use of a BI tool in report automation.
Report making is one of the toughest yet crucial jobs for any organizations. The accounts team plays a crucial role in an organization. They invest a lot of time and effort in creating presentations and reports based on the company’s needs. For small and medium-sized businesses, EasyReports offers a reliable BI solution. It provides affordable analytical and reporting tools to simplify reporting tasks.
There are some easy yet efficient ways as to how Tally BI or Business Intelligence can ease your pain of reporting;
Effective implementation of a Business Intelligence tool
Business Intelligence makes data analysis and data mining easier. As an individual, it is difficult to dig deep into data and study all reports manually. BI tools simplify this process by generating easy-to-understand reports. These reports are presented as interactive and engaging graphs and charts. This helps users make informed decisions efficiently.
Understanding the business model and work of the organization
Understanding the business model of the organization and planning the data analysis accordingly can ease your pain of reporting. The key to generate hassle free report and its smooth scheduling is to obtain the required data, collecting and analyzing them to compose reports as per the needs of the organization.
EasyReports acts as a connector for Tally.ERP 9, SAP BI, Microsoft NAV, Excel and other databases.
Automation of the report making process
People making manual reports are the cases of the past. Nowadays, we rely on advanced technologies and various business intelligence tools, where the chance of making an error is minimal.
EasyReports is one such tool where features like Report Scheduler are used for automated reporting and alerts. Additionally, the user has a variety of templates at his disposal that helps him to design reports as per his requirements, using Report Designer features.
EasyReports BI fetches data directly from Tally database and provides its users accurate reports that will provide a better picture of your organization and even assist in setting realistic and achievable goals.
A report-making job is quite a difficult task, but with a tool like EasyReports, it is easier than you can even think of. To know more regarding how to solve your report-making problems, log in to www.easyreports.in.