It should be no surprise to anyone that we are living in a digital world and data is being kept on the most mundane items. Especially in every aspect of a business. Once a business creates data, it needs to be able put it together in a meaningful, productive way. Reports once filled this void. There are many reporting solutions that work with Microsoft Dynamics GP. Such as Management Reporter, Crystal Reports, Excel Reports, and Jet Reports. The question becomes, what do you do with the information that you have at your fingertips when that monthly report is not enough?
The next step is Business Intelligence. Once thought to be a flash in the pan, is now on its way to becoming the standard for driving business decisions for many companies. As a consultant, I see a constant need to have relevant data and Power Bi create real-time dashboards with your data to make data-driven decisions. It can connect to wherever you store your information and be made available to you anywhere. This is the next step to the standard reports and can be used in conjunctions with reporting to drive your business to the next level.
Microsoft has created an extremely powerful tool called Power BI. Power BI creates dashboards with relevant, constantly updated information that you can have at your fingertips to make business decisions. You can create a dashboard item for any variety of reasons, such as the current sales for the year, see where your sales are at, or even compare current year sales with past years.