As we begin 2021 still impacted by the global pandemic that has gripped the world for the last 12 months, understanding your business performance and trends is even more important than ever. Keeping a close eye on the key performance indicators that drive your business growth is going to make the difference this year.
Are you currently looking at your business reports in Excel that are put together through manual processes or do you have a system that you use but the reports don't give you what you need? Then these 3 reasons why you should let Sontai update your reports will enable you to grow your business in 2021.
1. Improve efficiency
Many companies are over-reliant on Excel, reporting all their numbers through large tables of data that are manually updated and usually difficult to read. If this sounds like you then Sontai can help save you time through automation.
By automating report updates and refreshes it is possible to not only save the time that it would have previously taken to update a report but also reduce the time to report delivery. This means that you can have your staff focus on more value-adding tasks rather than updating reports, and the business can have the reports quicker than they have before.
One client we have worked with was able to speed up their reporting by over two weeks! Their reports were cumbersome to update from multiple databases that they only ever updated them once a month, and by the time every team had inputted their part of the report, it was the middle of the next month.
We set about connecting directly to their databases and applying automatic data processing onto a set of Power BI reports that updated daily to show the senior management the current position of the business. Meaning they could not only see the figures change every day, but they knew the end of month numbers the moment the month ended.
Imagine if you knew what you know now, two weeks ago!
2. Make better decisions
Through clear reports that show the key indicators for any business will enable them to make better decisions. Having the right information at your fingertips at any given moment will allow you to make an informed decision rather than using gut feel, instinct or the fact that you did the same thing last year.
If you think about the number of decisions that you make in a day about your business and how many of them are rooted in data and fact. More often than not if you don't have the ability to see the data that can help make the decision you will end up reverting to old behaviours.
Forrester have said that on average, between 60% and 73% of all data within a company goes unused for analytics. That's a lot of data that could help inform decisions and drive growth for an organisation.
By implementing custom reports that are aligned to your business functions and processes you will be empowering your teams with the right data that will allow them to see what is important for them at the time and place that matters.
3.Work with experts
With years of experience in creating and building reports, Sontai is a Microsoft Partner who works with our clients to create solutions through Power BI that fit how they want to see their business. We work in partnership to really understand what our clients are trying to achieve and work alongside them to create reports that can really make a difference to their organisations.