Real-time financial reporting

Make your ERP reporting solution do what it should have done in the first place.

Heard often from executives, this is one of the most common business complaints:
"I've spent all this money on an ERP system, and a bunch more on Business Intelligence, and I still don't get the information I need."

Why is it so difficult to obtain the reports you need, when you need them? Why are so many businesses still relying upon a humble spreadsheet to make important decisions? This is in spite of an inordinate amount of money being spent on sophisticated systems that under deliver.

Without raising your blood pressure further, take a look at why this might be the case. How can you fail to be impressed with some of the reporting software available today? The products look phenomenal, have great functionality, and promise a utopian vision of how decision-making could be implemented. However, if you can strip-away the glossy veneer, you'll see that a successful information strategy is based on just a few sound and simple principles; surprisingly, they have little to do with software and a lot to do with common sense.

In the case of ERP systems, like JD Edwards, these principles can be summarized as follows:

  • Report directly from your ERP system. It's your single source of truth.
  • Avoid using spreadsheets. It's like eating fast food: It provides instant gratification, but it's bad for you in the long run.
  • Recognize that different reporting requirements need different approaches. You can't play a round of golf with just a seven iron.
  • Make sure the end-user loves the software. Otherwise, they'll hate you for buying it.

To learn more about how you can enable the business users in your organization to build their own real time inquiries and reports over your JD Edwards data using a tool that they will love, come visit JDE Alliance member InsightSoftware.com.