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Business Intelligence Software

The saying goes, “Past performance is the best indicator of future performance”. Investors will tell you to look at a 5-10 year performance of a stock or a mutual fund to determine whether or not you should invest. The same goes with your business. It is important to know where you have been as a company (sales data, expenses, revenues) to help plan for future growth and expansion of the business. Business Intelligence software will certainly help analyze the necessary data in a streamlined fashion.

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The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

Business Intelligence Software: From the Enterprise to the Small Business

One of the biggest buzz terms in IT and business management is business intelligence (BI). More and more companies are searching for business intelligence software and it is important to know what BI software can do for you.

Business intelligence modules were initially designed for large companies. The focus was to take all the raw data locked up in financial and operations systems and turn it into useful business information. While this software has been readily available for many years for large companies, BI modules targeted toward small to mid-sized businesses are fairly new to the market.

Drawing the Distinction Between Reporting and Business Intelligence

Nearly every accounting software available has reporting tools. Some solutions offer budgeting solutions integrated into their accounting software. There are many stand-alone solutions. Often times the financial reporting and budgeting modules are not integrated and often times gathering reports from these modules requires time intensive data mining to obtain the necessary information.

Business intelligence software is designed to gather the data, sort the data, create visuals, help you analyze and report. For most systems, it is easy to extract data and dump into a spreadsheet. However, it is what you do with that data that is important. For the most part, business intelligence software is geared toward higher levels of management. The idea is to give key decision makers the ability to make decisions based on relevant business data, rather than just instinct.

What sets business intelligence software apart from standard reporting is the ability to report on financial and non-financial data alike. Not only do you want to see your profit margin on each widget you built, however, you also want to see the time it takes to produce each widget, parts and materials used to produce the widget, waste or scrap, how many were produced per hour by each employee, etc. This information will help management make decisions going forward such as: Do we hire more employees? Can we afford to take on a new customer that will double the output? Will a new machine speed up the processes and efficiencies of the manufacturing process?

Who Needs a BI Program?

Business intelligence software is used in virtually every industry. Consulting firms need to track project information. They need to see productivity by employee along with statistical data about each project. Retailers need to track profitability by sku, set goals of how many units to sell per hour to be profitable on a give day. Financial institutions set goals for their personal bankers as to how many accounts each banker opens during a month. Beyond just the number of accounts, what type of accounts and the amount of new money brought into the financial institution.

It all starts with creating Key Performance Indicators.

Key Performance Indicators (KPI’s)

Key performance indicators are commonly used by organizations to evaluate the success of a particular activity in which it is engaged. Traditionally, Key Performance Indicators describe non-financial data that is still quantifiable information that is critical to gauging overall business performance. KPI’s help assess the present state of the business and it’s key activities. These assessments often lead to the identification of potential improvements.

There are a few stages in identifying KPI’s including:

  • Having a pre-defined business process. Without a predefined business process, you don’t have measurable data.
  • Having the requirements for the business processes.
  • Having a quantitative/qualitative measurement of the results and comparison with set goals
  • Investigating variances and tweaking processes or resources to achieve goals.

Companies often find using the SMART method will help with the key performance indicators.

Specific purpose. Answers the who, what, where, why and which to make the goals specific. Measureable. Concrete criteria for measuring progress toward the attainment of the goal. Attainable. Is the goal attainable? Do you have the resources to reach the goal? Relevant. Are the goals relevant to your boss, team, and organization. Time. Set a time frame for reaching the goals.

Once the goals have been identified and you have solid key performance indicators, a business management system will help track those goals. Graphical reports and sorting/filtering capabilities keep managers updated as to the progress of those goals.

Often times, business intelligence software also is linked with a management dashboard. This dashboard allows key managers to review real-time data as related to the goals and indicators in question.

Financial indicators allow management to see where they stand for the day, month, quarter, and year. Through a business intelligence software, management will also have the ability to review the financial data for the year but also look at and compare current year to previous years. In addition to looking at past data, the business intelligence software also creates projections based on the past performance showing potential outcomes.

Quantitative indicators are a measurable characteristic, resulted by counting, adding, or averaging numbers. Operational systems that manage inventory, supply chain, purchasing, orders, accounting, financial systems, all gather quantitative data by means of KPIs.

Qualitative indicators are not as easily measured. Qualitative indicators are a descriptive characteristic, an opinion, a property or a trait. The most common ones gauge customer or employee satisfaction through surveys. While the survey data itself is quantitative, the measures are based on a subjective interpretation of a customer’s or employee’s opinions.

Business intelligence software boosts efficiency, reduces costs, provides data integration and integrity, provides easy access to decision making tools, allows for quicker recognition of critical information, gives managers the information needed to be more information, and provides the ability to predict events in the future based on historical analysis.

Popular Business Intelligence Software Products

Looking for great business intelligence software options? Below you can check out a list of the products most commonly considered by others searching for business intelligence software. The list on this page is based on many years of real software matches. But everyone’s needs are different. Browse for fits with your specific requirements or let us help you identify your top options.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • CALUMO by CALUMO

    The name CALUMO is derived from Keleuma (kel-yoo-mah), a Greek word meaning the song, chant or command given by the chief oarsmen that gives power and rhythm to the rowers. In the same vein, CALUMO empowers people, facilitating unification and...

  • Board by Board International

    Within one single product BOARD offers all the functionalities needed to build any Business Intelligence Software and Corporate Performance Management application solutions, without the use of any programming. Its revolutionary toolkit approach, as...

  • PROPHIX by PROPHIX Software

    PROPHIX is a multi-user financial software application used by thousands of users worldwide for Budgeting, Planning, Financial Consolidation, Management Reporting and Analysis. PROPHIX offers the familiarity of a spreadsheet-style interface with...

  • BI360 by Solver

    Solver is a Corporate Performance Management (CPM) solution for mid-market enterprises. The developer is at the forefront of CPM technology with deep ERP integrations. Solver BI360 includes Web and Excel interfaces. BI360 gives an organization...

  • Power BI by Microsoft

    Power BI is a suite of business analytics tools to analyze data and share insights. Power BI dashboards provide a 360-degree view for business users with their most important metrics in one place, updated in real time, and available on all of their...

  • TIBCO Spotfire by TIBCO Spotfire

    TIBCO Spotfire is an analytics platform that delivers visual, predictive, & streaming analytics. Functionalities Data Discovery Predictive Analytics Big Data Analytics Location Analytics Enterprise Scale...

  • IBM Cognos by IBM

    Cognos software enables organizations to become top-performing and analytics-driven entities. From business intelligence to financial performance and strategy management, Cognos software is designed to help everyone in your organization make the...

  • myFiO BI by Group FiO

    Group FiO is partnering with Logi Analytics for analyzing the data and building KPI dash boards. If You want analytics, but do you have the expertise to deliver that value?With a decade of experience helping customers with embed analytics, Logi is...

  • Adaptive Insights by Adaptive Insights

    Adaptive Insights is powering a new generation of business planning. Driving business agility in a fast-moving world, the Adaptive Insights Business Planning Cloud leads the way for people in companies to collaborate, gain insights, and make smarter...

  • SAP Analytics Cloud by SAP

    Discover a new generation of cloud analytics SAP Analytics Cloud (formerly SAP BusinessObjects Cloud) combines all analytics capabilities – including planning, predictive analytics, and business intelligence (BI) – in a single SaaS solution....

  • Infor d/EPM Controls & Risk Monitoring by Infor

    *Get a complete, integrated platform for compliance, budgeting, planning and KPI Dashboards.* What if all of your source data applications—from ERP and CRM to warehouse management and supply chain—could publish information automatically in real...

  • DynacBudget by Dynac

    Imagine your Income Statement integrating with your Balance Sheet and generating up-to-date Cash Flow Statements as often as you need them. Now add rolling dynamic forecasts with “What if” scenarios that let you see the effects of business decisions...

  • CONTROL by KCI Computing

    CONTROL® integrates all financial management functions, processes, and data. It provides one shared repository of business rules and data and one point of maintenance eliminating disconnects or different versions of the truth. It gives you the...

  • deFacto Planning by deFacto Global

    deFacto Planning was built from the ground up as a unified Corporate Performance Management (CPM) solution, using standard Microsoft technology with the ability to connect to any ERP or other data source, regardless of database platform. It is...

  • BizInsight Desktop Edition by Biznet Software

    Imagine, the power to pull in massive amounts of data. Thousands of rows, millions of cells. A large ERP system, with connections to multiple data sources, data warehouses, huge transfer speeds used to be the norm. Enter BizInsight, Desktop Edition....

  • CloudFYI by FYIsoft

    CloudFYI is a comprehensive, cloud-based financial reporting and analysis solution that streamlines the design, integration, and distribution of corporate financial information. Ideal for CFOs, accountants, and companies of any size, our...

  • ZAP BI by ZAP

    Zap Business Intelligence is web-based BI software to meet your needs dashboards, key performance indicators (KPIs), scorecards, reports, ad-hoc analysis, and alerts and report scheduling. Use Zap Business Intelligence to gain insight across...

  • Jet Reports by Jet Reports

    Finally, Excel reports that help you run your business. No programming knowledge required. You can save time previously spent copying and pasting data. You can save money previously spent on expensive, complicated reports that are obsolete...

  • QlikView by Qlik

    ##QlikView® Guided Analytics Discover deeper insights by building your own rich, guided analytics applications with a flexible, business-ready solution. Control Create business-driven data discoveries with guided analysis paths that are...

  • Oracle Hyperion Planning by Oracle

    Oracle Hyperion Planning is an agile planning solution that supports enterprise wide planning, budgeting, and forecasting using desktop, mobile and Microsoft Office interfaces. It provides a robust modeling framework that helps develop reliable...

  • Integrated Salesforce‑ERP Analytics by KPI Partners

    *Enhanced insight and decision support to improve sales close rates and pipeline predictability.* ## Overview: Today’s fast-paced business climate demands that decision makers stay in tune with their revenue cycles. The data stored in...

  • DynamicsAdvantage by AKA Enterprise Solutions

    In the midst of industry-wide deregulation and consolidation, technology innovation is accelerating the rate of change within the financial services industry. As institutions consider new ways of doing business, they must also consider the...

  • anterraBI by Anterra Technology

    Anterra provides enterprise quality financial and construction reporting to you at a fraction of the cost. We deliver world class reporting across your organization. anterraBI™ contains drill through financial statements, dashboards, scorecards...

  • AFS G2 by AFS Technologies

    Discovery™ G2 is a portable, rapidly deployed Business Intelligence (BI) solution that delivers deep and relevant insight anywhere, any time and on any device enabling instant analysis of your business performance across any set of...

  • Cash Basis Reporting by AIM Technologies

    In addition to standard implementation and support of Microsoft Dynamics GP, AIM Technologies has developed several custom applications designed to help users get more out of their investments. Cash Basis Reporting provides easy identification...

  • BIO by Bio Analytics

    BIO gives you the information you need, in the format you want, when you want to see it. BIO lets even non-technical users create at-a-glance dashboards and stunning reports for Microsoft Dynamics ERP data and data from other systems like your CRM,...

  • DataSelf BI by DataSelf

    As of January 2009, DataSelf BI, their flagship software package has out-of-the-box Business Intelligence solutions for the following ERP/CRM systems: Microsoft Dynamics GP Sage Accpac ERP Sage BusinessVision Sage CRM Sage Mas 90...

  • MidForce BI by Financial Technologies

    Software companies make outlandish claims all the time. Often their technology is only an incremental improvement from what you already own. This time it really is easy to see and measure the difference! MidForceBI is that massive leap forward...

  • ClickBase by ClickBase

    The right information at the right time and in the right format--regardless of where that data comes from--helps you make better informed decisions. Reduce risk and increase your operation’s efficiency and effectiveness through better decisions...

  • Experlogix Parametric Configurator by Experlogix

    Experlogix features an intuitive configuration environment that turns even novice users into expert product customization specialists. As you customize a product, Experlogix automatically provides easy to understand, color coded displays, makes...

  • Labor Reporting by Complete Software

    A Complete Solution for Your LM-2 Report Labor Reporting Module (LRP) uses data from your accounting package to generate a complete LM-2 report without interrupting your daily accounting activity. While other products may provide partial...

  • emPerform by Corporate Renaissance Group

    emPerform, is a Web-based performance management system designed to deliver integrated and performance management across the organization through an efficient, user friendly interface. All participants are able to access the system from anywhere in...

  • Business Analysis ES by Intuit

    Utilizing Business Objects software, Business Analysis ES will help you evaluate your company's overall performance; and hence will allow you to make better decisions. The interactive dashboard analyzers provide you with quick sales and...

  • Halo BI by Halo Business Intelligence

    A Higher Intelligence Enterprise intelligence and big data analytics built to leverage your most important investment — your people We built the Halo Platform based on a few simple principles: People are smart, data is...

  • eManage by GCAS

    Maintain Contract Modifications and Project Budget & Schedule Changes in Real-Time. The Powerful Project/Contract Management System. GCAS is developing a web-based product called Contract Management, Scheduling and Resource Management and...

  • Host Analytics BPM Suite by Host Analytics

    Offered as an “on demand”, hosted solution, or an on-site implemented solution, the Host Analytics BPM suite consists of Web-based applications including Budgeting, Planning, Forecasting, Scorecarding, Dashboarding and Financial...

  • eProphet Business Intelligence by MaxQ Technologies

    eProphet Business Intelligence Series is an interactive, complete, cost effective Business Intelligence solution that provides you with one simple solution to take information from any source (across your organization) for multi-dimensional...

  • Microsoft FRx by FRx Software

    Microsoft FRx is a financial reporting application that gives midmarket segment and corporate businesses immediate control of the entire financial reporting process, with little or no help needed from Information Technology (IT) specialists....

  • SuiteAnalytics by NetSuite

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  • Obero SPM by Obero Solutions

    Sales Performance Management (SPM) is rapidly becoming a strategic initiative in the Banking and Financial Services industry due to constantly evolving business models, increased competition and stricter regulatory and compliance requirements....

  • Sage Enterprise Intelligence by Sage

    Your business has collected a massive amount of data—and it’s only just begun. It’s growing by leaps and bounds every day, and it’s coming from new sources across your organization. No wonder why it’s harder than ever to build a single, coherent...

  • BudgetVision by Serenic Software

    Real life, real time budget management means no surprises and no outside spreadsheets. Your organization invests countless hours planning, monitoring, controlling and modifying budgets. But do you ever really know how many dollars went where and...

  • StonefieldQuery by Stonefield Software

    Stonefield Query is a data mining, query, and report writing software program. This program is designed to be easy to use for you; allowing even the most novice user of your staff to create reports on the fly. This product will properly format all...

  • Tableau by Tableau Software

    Tableau is business intelligence software that allows anyone to connect to data in a few clicks, then visualize and create interactive, sharable dashboards with a few more. It's easy enough that any Excel user can learn it, but powerful enough to...

  • ExpoCise by Technology Solutions Associates, LLC

    ExpoCise allows the user to design a report that can be printed, exported, or attached to an email. The data analytics portion of ExpoCise has the ability to filter, sort, and parse data from any column in the database. ExpoCise provides pivot...

  • TimeLinx Reporter by TimeLinx Software, LLC

    TimeLinx Reporter is your complete report writing tool. This product can be used either to write reports in TimeLinx or in Sage SalesLogix. Meaning if you have Sage SalesLogix and need a report writer, this system will meet all of your needs as...

  • True Sky by True Sky

    True Sky is a Corporate Performance Management Solution (CPM) that dramatically reduces the time spent on creation, input, data merging, and review processes traditionally involved with planning, budgeting, and forecasting. Excel-based for ease...

  • Financial Driver by Financial Driver

    Financial Driver is a low cost easy-to-use Cloud based financial solution, which can be used to build a range of applications that solve real-world planning and reporting issues. cloud based planning and reporting application which means you don’t...

  • Workforce Go! by Workforce Go!

    Our comprehensive suite of workforce management tools are available as a package or à la carte, and integrate with Intacct accounting software. Workforce Go! lets you track and analyze payroll, human resources, time and attendance data—and stay ACA...

  • Dynamic Budgets by Dynamic Budgets

    Key Features Budgeting Forecasting Payroll Module Fixed & Variable Allocations Module Self-service lookups for end users to retireve accounitng data (financial summaries, sub ledgers, transactions) Multi-company support Global...

Your Business Intelligence Software Recommendations

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