Part 3 of 4
There is a better way
Now that we’ve established that the High Spend, Slow Time to Value approach to reporting and analytics may not be ideal because of its rigid structure, expensive upkeep and time consuming changes that unnecessarily cost tens of thousands (among other things), it’s time to look at the alternative.
The Low Spend, Rapid Time-to-Value approach starts with an out-of-the-box reporting and analytics solution built for your Microsoft Dynamics ERP, inside the Excel application users are already familiar with and ready to use immediately. A solution like Jet Reports.
While the High Spend approach has you spending an average of 25% of your ERP deployment (which can vary greatly, but from $100k-$300k on average) on reporting, that figure drops in half with the low spend approach. And while there are a number of factors are associated with the overall monetary investment for the low spend approach (think number of licenses, legacy or other database connections, and training), your still only looking at an overall initial investment of $5,000 – $20,000 with Jet Reports.
When your organization requires new reports, changes to the original reports or the inevitable “innocent” modifications that can get requested on a daily basis, you are no longer at the mercy of the programmer availability at a consulting firm or your internal IT bottleneck. Users can create their own reports in a fraction of the time using a familiar interface – Excel.
This also makes changes and updates to reports quick and easy, plus you eliminate the need to copy, paste or export the data into a spreadsheet. Which, let’s face it, you ultimately do with hard coded reports anyway. But when you do, this adds time and an error-prone layer of piecing your report together. Now, with Jet Reports and the Low Spend approach, you are looking at no more than 5-30 minutes per report, versus the 5-21 hours we saw with the High Spend approach, and accurate data directly from your ERP in Excel.
And what about those dreaded ERP upgrades that can require as much as 50-80% of the cost allocated just for reporting updates? They are whittled down to 1%, at most, of your upgrade budget – and that is only if you have moved information in the ERP database, which is rare. In most instances, there is no cost factor at all because Jet Reports automatically and seamless updates with the latest version of your Microsoft ERP.