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Simplifying MS Dynamics ERP
Keep your head down
I recently did a presentation at the latest Microsoft Dynamics Re-Imagine conference and above are some of the most common challenges many businesses face when they try to move towards a Business Intelligence (BI) solution or gain intelligence into their ERP data.
When we take a look at Microsoft Dynamics as an ERP system, it does what it was designed to do, that being, capturing of information. The tables, fields and structures, are designed in such a way to optimise the input of information and not necessarily the output.
Any ERP, including Dynamics are designed to capture invoices from items sold, manage inventory stock levels, generations of purchase orders, storing of vendor and customer information etc. All of this information are very relational in nature.
The challenge starts if you want to want gaining insights into your system with all of this data and history of data you have been collecting for the last couple of years with millions of transactions.
Trying to report straight out of your ERP will give you reports in a very static format, that are very period focussed on a specific point in time, or a report on a specific customer, vendor or product. Trending over time, also becomes challenging, to compare year-on-year numbers.
Any business evolves over time, which means the requirements in terms of what you measure changes alongside your evolution. So the requirements from six months ago are not the same as the requirements you might have today.
Using this analogy, Business Intelligence (BI) can be compared to a full set of golf clubs. It is a collection of processes, technologies, and methodologies. You will use your driver to get distance from the tee box for a good position on the fairway, then use the appropriate iron to approach the green and finally your putter to complete the hole. Now this is a lot more efficient, accurate and easier than just using a sand wedge for every situation.
In the same sense, BI provides tools that allow you to be more effective in making informed decisions.
Similar like Jordan Spieth that recently won the Masters had to differentiate himself from the competition, similar you will have to select the correct club for the desired shot like reporting, dashboards, drill capabilities, dimensional models, predictive analytics, data discovery and many other tools and capabilities that sit outside of the Microsoft Dynamics ERP reports that you are generating every day.
Approach with the right club
Jet Reports has pre-built solutions for your Microsoft Dynamics ERP. Models for NAV, GP and AX around business specific subject areas that include more than 90 pre-built reports based on the Microsoft technology stack to assist your business on a BI solution with quick time to value. These reports include, Income Statements, Balance Sheets, Trial Balances, Sales and Finance dashboards, Inventory purchasing history, Inventory movement, profit and loss variance, account receivable and payable, market basket analysis, production cost any many more to assist you in gaining insights into your business.