Leveraging ERP with the Best Reporting Tools

The widespread adoption of ERP systems has enabled companies of all sizes to store more data with greater accuracy than ever before, but sometimes that introduces new problems — like not having easy ways to report on all that data.  Inferior reporting tools will limit an ERP’s usefulness, and most companies still rely on the same sort of operational reporting they’ve used for decades; reports that typically provide only a transactional level of detail, for example: open purchase orders by customer.

Newer methods and tools look at trends over time, consolidating organized views from multiple data sources to provide a more analytical approach to reporting.  This is known as Business Intelligence – the information you need to make better decisions about how to run the business, not just reporting on transactions.  One example of a BI report might be determining your top ten vendors based on purchase order dollars over the last five months.  Meaningful BI reports should be available to your managers and workers in real-time. Data should be presented in an easy-to-use format with the original system of record as its source.  Your business users should be able to easily access reports without requiring any special IT skills or having to learn how to use complicated reporting software.

If you’re planning an ERP implementation for your business, it’s important to consider your business users’ reporting needs as an integral part of your overall system requirements.  Don’t rely solely on a product demo to determine if the ERP software and reporting solution will work. If your reporting falls short, user adoption may be low and your ERP rollout may ultimately fail. After all, it’s the reports that your users need – timely and accurate data delivered to them when and where they need it.

Accountnet can help you determine your business’s unique requirements and find the right ERP and BI reporting solution for you.  We are a Gold Certified Partner for Microsoft Dynamics, and can help you determine whether Microsoft Dynamics GP or Microsoft Dynamics SL, paired with powerful BI reporting tools, might benefit your operation or whether a cloud ERP solution, like Acumatica, is a better fit. Contact us to take advantage of a free needs assessment to get started.