As technology advances and digitization takes over, there is an expectation that our lives will be more simple. ‘Self-service’ capabilities like Self-Service BI are the manifestation of this expectation within many technologies. For most, ease of use is no longer enough. Now tools must be simple to use, and flexible enough to cater to a wide range of skills and intricacy of analysis.
The value of embedded analytics is unmistakable. Application teams that embed dashboards and reports drive revenue, reduce customer churn, and differentiate their software from the competition. While embedded dashboards create real value, they can also come with real costs. These costs are not always visible when companies plan for their analytics offering but can significantly impact production, scale, and the speed of bringing analytics to market.
The move to the cloud continues at a fast pace and if your organization embraces the future of operational reporting, then you need a plan to ensure consistent enterprise-wide reporting during your cloud journey. A top challenge of cloud migration is the need to produce consolidated reporting and analytics that cover all your Oracle ERP instances.
You know the old saying “work smarter, not harder?” Turns out that’s easier said than done. How can your finance team transform the way it works and add strategic value to your organization? How can you shift your focus from menial tasks to tactical execution, and ultimately from tactical to strategic activities? In most companies, financial reporting consumes an inordinate amount of time and energy.
Your business needs actionable insights from your Oracle ERP data to respond to volatile market conditions and outpace your competition. But generating custom reports requires deep technical knowledge and the process is often managed by IT. The process can often take weeks, if not months, and, in many cases, the report or dashboard is limited to a single use case and applicable only to a single business unit or user – often only the requester.
Financial statements tell an important story, but they rarely tell the entire story. It often requires a sharp eye and a healthy measure of experience to elicit meaningful information from the numbers. Even people with keen financial acumen will have questions, and they can easily overlook important realities that lay buried somewhere within the details. For those with less experience reading financial reports, this task is far more difficult.
