Many companies today utilize some form of Enterprise Resource Planning (ERP) System to integrate information across various departments such as sales, finance, manufacturing etc. PowerOLAP goes beyond the integration and makes access to instant reports and many budgeting options faster and easier. Reports that used to take hours to print can be available in seconds with PowerOLAP.
Merging individual spreadsheets for financial reporting, forecasting and accurate budgeting can be a lengthy process for the financial department. Without PowerOLAP’s easy integration tool if a department changes their numbers, other departments may have to be notified in order to recalculate manually. With PowerOLAP if someone changes a number the results are automatically updated so within few minutes everyone has the new numbers.
PowerOLAP facilitates data analysis and reports, making it easy to make those all-so- important decisions to move the company forward and stay ahead of your competition. PowerOLAP helps in merging data from different financial years. When using actual numbers for budget and calculating what-if-analysis based on possibly increased or decreased costs PowerOLAP calculates each scenario instantaneously rather than individually. It makes easy to use many cubes offering flexibility and Ease-of-Use all at a low cost. No limitations in the uses of multidimensional cube models that one constructs with PowerOLAP. This among other features makes PowerOLAP stand out from other OLAP powered tools that offer one cube to work with at a time.
PowerOLAP flexibility and ease-of –use makes it an excellent choice for many users. Users do not only get to use the same user end software that they are used to such as excel but they can also create their own designs with PowerOLAP rather than having everything pre-designed. PowerOLAP puts the power of reporting, analysis and data management in the hands of you- the user.
What are your budgeting and reporting challenges?
This Blog Post was originally posted in the PARIS Technologies Business Intelligence Blog.
View Original Article: How To Solve Your Budgeting and Reporting Challenges