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If Excel is your gateway drug, see what true BI can do…

April 03, 2013

A BI solution can take reporting up a notch, and TARGIT can take it up yet another. TARGIT allows businesses to build the reports needed for comprehensive financial reporting.

As a consultant, I’ve traveled to visit hundreds of customers to help them implement BI solutions. And I’ve seen how each of them in turn discovered how a solid BI solution can transform the company from an unstructured reporting mess featuring everyone’s favorite program: Microsoft Excel.

Don’t get me wrong, Excel is great, but it’s great at what it’s designed for, small jobs and spreadsheets. When you start to talk to businesses that are interested in deploying BI solutions, there’s one thing a lot of them have in common: Excel Hell. The data in their Excel spreadsheets is copied right out of their ERP system, some of them have a ton of VLOOKUPS, and there are pivot tables all over the place. Imagine what kind of damage could be done by deleting or editing the wrong one or two rows.

Excel vs BI

As a result of this incoherent “solution”, businesses tend to have one or two key people for month-end reporting, and those folks are tied up completely for a week generating the reports. What happens if one of those guys gets sick? Or if there’s an opportunity or emergency and you need figures now, not at the end of the month?

A BI solution can take reporting up a notch, and TARGIT can take it up yet another. TARGIT allows businesses to build the reports needed for comprehensive financial reporting within a unified environment while also allowing users to explore the raw data behind those reports. Words like consolidating, validating, drilldown, and translational details can become an analyst’s new focus. BI can enable an entire organization from the C level through accounting through sales to keep track of any metrics that are important to them: accounting, sales figures, travel expenses, revenue projections, and everything in between.

A reliable TARGIT solution embraced by the organization will at any time outperform the manual labor and deliver trustworthy data and get you out of Excel Hell.

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