A
high quality Analytics tool will deliver true
slice and dice capabilities around the financial information held within
your existing database, allowing you to answer any deeper question you might
have.
In
order for it to deliver true value, it needs to be extremely user friendly and offer both a real time view and rapid analysis of your data.
It
should provide dash-boarding
capabilities at the click of a button, and require no IT involvement to configure and deliver quality reporting;
saving your team valuable time.
It
should come standard with a preconfigured set of models integrated with your
database and deliver immediate added value
to users; and be easily customised to meet specific needs of
individual clients.
In
today’s mobile work environment, it should also allow for the availability of data off-line and have
a facility to replicate the database to your local pc or laptop and allow for
the continuation of the analysis off-line.
An added bonus would be the inclusion of a limited top down budget approach, ideal
for the quick re-forecast type environment, where there is a requirement to
amend some figures at a high level and then ripple the effect of these changes
down to the lowest account cost centre combination by month.
The
Analytics should link across your existing
software modules, exposing all tables to the application and enabling complex
analysis across Sales, Asset and Financial tables where these are in use.
The
Analytics tool you choose should be extremely flexible and allow you to easily
analyse different components of your business. Ideally, the business providing
your financial software should be able to offer you a high-quality tool or
module that easily integrates with your systems and helps you to gain insights from
your financial information to inform your business decisions.
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