Stay Ahead of the Game: Access Business-Critical Data in Real Time
Make informed and agile decisions with accurate, timely information.
Faster Processing and Simple Integration
Rebalance your time with faster processing and more accurate reporting. Work with real-time data, so you can efficiently complete your reporting processes without having to wait for data consolidation or processing.
Drill into Transaction Level Data
By offering a pre-built data warehouse and cubes specifically designed for reporting and analytics, insightsoftware users are provided with an accurate and controlled set of data that can be easily fed into Power BI.
Streamline Reporting for Your Data Sources
Bridge the gap between your company data and insightful reporting by combining your data from multiple platforms in a single report. With direct connection, you can be sure your information is always clean and up to date.
Fix Data Accuracy and Performance
With access to real-time data, you can respond quickly and efficiently to changing markets with confidence that your decisions are informed by the latest information and insights available. Your company can also minimize errors and inaccuracies that occur when relying on outdated or incomplete data.
Shrink Reporting Cycles and Close Your Books Faster
By automating the preparation and formatting of data in real time, users can eliminate the risks associated with manual entry and editing, build refreshable reports using easy-to-configure, pre-built templates, and trade manual data dumps for ready to use data.
Lowered Costs for Your Company
Many businesses struggle to access real-time data with their current system, and it can be frustrating to rely on scheduled data pulls from data warehouses just to get the information you need. But there's a solution that can make things easier for you. By using software that can directly connect to your source systems and report in real time, you can reduce overhead and get the data you need faster.
IT departments, accounting, finance, operations, and project management professionals spend an entire day every week on reporting.
Organizations generate mostly static reports, which means they don’t have access to real-time data.
Professionals find it takes too long to create or modify their reports.
2022 Hanover Research - Operational Reporting Global Trends Report
Make Data Driven Decisions with Confidence
Experience the power of real-time insights and stay ahead of the curve with up-to-date data.
Eliminate Common Reporting Issues – With automated data integration, analysis and visualization, companies can now rely on real-time insights in place of static, outdated reports. Real-time insights provide the best perspective into business performance because they reveal conditions immediately, preventing the issue of errors from manual data entry and outdated information.
Refresh Against Live Data – Refresh your reports in real-time, so you always have the most up-to-date, accurate data to support critical processes throughout the month and during your close.
Reduce Compliance Risk with Real-time Data – Revolutionize your reporting processes with a centralized application that ensures accuracy and reduces the risk of errors. Spend your time on high-value tasks and align your process with reporting timelines while leveraging all the relevant data you need.
Uncover Actionable Insights from Enterprise Data – Get critical answers to operational questions straight from your data. Transform complex ERP data into actionable insights presented in everyday business language. Access rich reporting content, cutting-edge business intelligence, and metadata search technology from a single, intuitive user interface.
Better Dashboards and Reports – Within your embedded applications, data can contain custom dashboards/reports that track specific metrics to allow for visual alerts (state changes) or triggered notifications (email, SMS, etc.)
Personalized Content and Recommendations – Users who view content within an integrated application rely on real-time data to personalize results based on their behavior.
Predictive Analytics – Real-time data also supports performing predictive analytics, which can help users identify trends and make informed decisions.
Ensure your decisions are informed and reliable with the latest real-time data
When you’re at a crossroads in your business, you need data that is not only reliable but also up-to-the-minute. Real-time data empowers you to make informed decisions with absolute confidence, enabling you to steer your company towards success.
Unleash the full potential of your business by simplifying your data collection and reporting processes
Transform your data collection and reporting processes with streamlined efficiency, saving precious time and resources that you can redirect towards more strategic business activities. Rev up your data collection and reporting processes for maximum efficiency gains.
Eliminate the headaches of manual data entry and minimize the risk of errors in reporting
Manual data entry can be a tedious and time-consuming process that is prone to errors and inaccuracies. This can lead to serious consequences for your business, including incorrect financial statements, misstated tax filings, and regulatory penalties. With real-time access to your data, your business can identify and respond to potential issues more quickly, making timely and informed decisions that can have a significant impact on your bottom line.
Real-time reporting refers to the process of generating and displaying data in real time or near-real time, as events occur. This means that data is captured, processed, and made available for analysis and visualization without any delay. Real-time reporting systems are designed to provide immediate access to data and enable users to monitor and analyze events as they happen. Real-time reporting is a powerful tool for organizations that require fast and accurate data analysis to make informed decisions and stay competitive in today’s fast-paced business environment.
Real-time reporting can include several different areas, specifically operational reporting, tax reporting, and financial reporting.
Operational Reporting: Operational reporting is focused on monitoring and measuring the operational performance of a system or process. It provides real-time insights into key performance indicators (KPIs) such as production rates, cycle times, and uptime.
Tax Reporting: Tax reporting is the process of submitting information to tax authorities, such as the Internal Revenue Service (IRS) in the United States, regarding an individual or organization’s income, expenses, and other financial transactions. Tax reporting is required by law and failure to comply can result in penalties, fines, and legal action. Overall, tax reporting is a critical aspect of financial management and is essential for individuals and organizations to comply with tax laws and fulfill their obligations to tax authorities.
Financial Reporting: Financial reporting involves monitoring and analyzing financial data in real time. This includes tracking revenue, expenses, cash flow, and other financial metrics. Financial reporting can help businesses make informed decisions about budgeting, forecasting, and cash management.
Real-time reporting comes with a variety of benefits for companies. It provides immediate access to data and insights, so organizations can make informed decisions quickly and effectively. This helps businesses respond to changes in the market or operational conditions as they happen.
Real-time reporting also reduces the risk of errors and inaccuracies that are frequently associated with manual data entry. This can improve the quality of data for companies as well as increase the accuracy of their reports. It provides stakeholders with better transparency into the functioning of the business and how the organization is performing at any given time. It improves collaboration among teams and allows for better efficiency and decision making. It’s also incredibly cost-effective and helps organizations identify internal inefficiencies and find cost saving opportunities.
For financial and operational reporting, direct access to the underlying source system is critical to ensure business users always have access to the latest information to address day-to-day decision-making. The reporting system should come pre-configured with a business view over the top of the source system. These business views ensure a short time to value and de-risk the implementation as the hard work of linking together potentially thousands of database tables has been done for you.
The ability to drill down from summary to detailed transaction data is another critical capability to enable users to get to the root cause of any issues they are investigating. The system should also be easy to use and require minimal training.