Every company needs BI reporting that works well so employees and managers are able to see what is going on very quickly. And they are being able to do thorough analysis of the underlying data. Reporting can be done directly on operational systems like ERP, CRM and so forth, or on a data warehouse containing OLAP cubes. In the ideal world, reporting should be part of your Business Intelligence platform. Therefore consider the use of Business Intelligence tools to do reporting. Those tools have a lot of reporting functionality on board and are able to get much more out of your data than plain reporting tools.
Present information that is reliable, correct and trustworthy
Key in reporting is that you present valuable information to the business user that is reliable, correct and trustworthy.
- In the first place you need Data Quality procedures to cleanup the data.
- In the second place you need clear definitions of the measures and dimensions. Validate them against both your business people and data sources.
- And, last but not at least, present the data in a way your users are able to interpret the data very easily so they exactly understand what is in the report.
BI reporting for small to medium-sized companies
Big companies as well as small to medium-sized companies and nonprofit organizations need BI reporting tools. They can provide business users with information, almost instantly, as well as insights and real intelligence. But, you need a BI reporting tool that matches the requirements of the business, the size of the company and your IT infrastructure.
How to select a BI reporting tool?
- In the first place you should know which tools are available in the marketplace. The list of reporting tools helps you to get to know each BI reporting solution better. Then, you should consider making a long list of the tools. Approximately 6 tools will be sufficient. After making a long list you should make a list of selection criteria: which features do you really ‘need to have’ and which are ‘nice to have’.
- In the second place you should gather all the information from the vendors. That may take some while; based on our experience it takes at least several weeks. It could be that you don’t want to wait that long. Then consider buying the BI Reporting Tools Study 2018 from the Passionned Group, a 100% vendor independent comparison of BI reporting tools available in the market. They did a thorough comparison based on 169 questions in categories like usability, connectivity, core functionality, predictive analytics, mobile BI and so forth.
Different Types of BI reporting
BI reporting isn’t just a tool, it’s a platform to run your business better using key information about your clients, vendors and business processes. An effective BI reporting platform consists of several types of BI reporting applications like:
- Predictive Analytics
- Business Discovery
- Business Analytics
- Data Mining
If you need to select a BI reporting platform that fits your organization, we have gathered all the information for you comparing all the major solutions on a broad list of evaluation criteria which is available in our BI Reporting Tools Study 2018.
Business Intelligence Reporting
Business Intelligence provides an excellent platform for reporting and dashboarding in every company. Business Intelligence reporting helps you to structure the process of distributing “the right information to the right person at the right moment in the right format” very efficiently. Read more in the section ‘What is business intelligence?’ or download our BI Reporting Tools Survey 2018.
Below a nice example of a dashboard generated by one of the best business intelligence reporting solutions.
5 tips for better Business Intelligence reporting
- Choose a Business Intelligence tool that matches best with your organization, users and IT infrastructure. The Business Intelligence Reporting Tools Survey 2018 of the Passionned Group helps you to perform a selection very quickly.
- Before writing reports, first find out what your Business Intelligence users want to see in their reports and which key performance indicators (KPIs) drive your business.
- Build a sustainable data integration layer for example a data warehouse either with or without a data vault. Fill and maintain the data warehouse using ETL software.
- Visualize the information as well as you can using standard lay-outs for your reports, present the information in meaningful colors and create some interactivity in your Business Intelligence reports like drill-down and slice-and-dice.
- Apply role-based Business Intelligence reporting to ensure business users see instantly the information that applies (only) to them.
If you need to know what features BI reporting tools can offer, take a look at the selection criteria section of this website. The BI Reporting Tools Study 2018, written by the Passionned Group, contains a comprehensive guide for selecting reporting solutions, based on 169 selection criteria.
Reporting software is used for creating and distributing valuable information and insights to your employees and managers. So you will be able to manage and control your business processes and the outcomes in a more effective way. This type of software is often an important component of a mature Business Intelligence platforms. The main objective is to improve the performance by creating & using intelligence and insights.
With the right information at hand, employees and managers are able see how things are going and are able to take better decisions. We have compared all the major reporting software that is available in the market on 169 key evaluation criteria.
Most important features
The most important features of reporting software are:
- establish connections to one or more databases
- define SQL-queries to be able to retrieve the data from the database
- create plain and complex tables with data
- format the data by changing the font size or color
- apply exception reporting to highlight the most striking trends
- filter, group and sort the data on one or more attributes
- print or export the report to Excel or PDF, with or without formatting
100% independent comparison of reporting software
Today, there are many reporting solutions available in the market. Some solutions just do plain reporting and those solutions have very less capabilities on board for creating ‘real’ intelligence. For that reason we did not compare them. We strongly believe that every report should contain (at least some) intelligence and relevant insights for continuous performance improvement.
The best reporting software solutions which are able to create ‘real’ intelligence, are often part of a complete Business Intelligence platform. All the strengths and weaknesses of the major solutions are included in our BI Reporting Tools Study 2018. It contains several graphs, expert opinions and a comparison matrix with all the details.