Everyday, more and more companies are turning towards internet-based solutions to manage their accounting and operating systems. IT departments are being simplified and investments in servers, routers, and storage systems are being radically reduced or eliminated. Internet (aka Cloud) based solutions provide many advantages. Some of these advantages include dedicated security experts, guaranteed backup, minimized downtime, and easy access to data and information. Continually, it also provides more options to access information from tablets and phones without having to install additional software onto your device. Now more than ever, it’s time to make sure you’re data is cloud ready.
However, moving your systems online comes with new challenges. For example, if your internet connection goes down you can’t access your data. Consolidated data from multiple organizations is also a larger target for cyber criminals. Logins may also be at risk from phishing attacks now that your data can be accessed online.
The biggest challenge may be that remote data silos make it difficult to report across all of an organization’s accumulated data. The systems together may require re-entry of the same data multiple times. For example, if you have online systems for ERP and CRM, then you may find that you have to enter the customer name in both systems. This can also make it harder to align the data for reporting. Some online systems may charge you to access your data remotely or to use third party reporting tools. You may also experience performance delays when trying to report over a larger data set or longer period of time. Some systems can “talk” to each other, but you have to share connection or login information with multiple systems to enable this. Combining online data with legacy on premise systems also makes things more challenging.
Vivid Reports Business Intelligence helps organizations overcome these challenges. As long as your data is accessible, it can be reported on, combined with other data, and presented with Vivid Reports.
Vivid Reports Business Intelligence uses Microsoft Excel® to format and present reports. It does so while allowing you to view, interact with, and understand your data securely. Vivid Reports also offers web-based viewers that take a traditional Excel report and make it accessible through a browser. All of the same functionalities of the desktop version are available, but you no longer need Excel to view and work with the reports. The nice thing about this is that you can also view reports on a mobile device.
Perhaps, one of Vivid Reports’ greatest benefits is that it allows you to use desktop Excel or Office 365 – Excel to access online data. The desktop version of Excel is still miles ahead of the online version, especially when it comes to speed and navigation. This is because Vivid Reports treats Excel as if it was a browser. Just like you open Chrome or Safari to go online, you can open Excel to go online with your information. Vivid Reports does not store any of your data in Excel, it is all stored in the Vivid database or is accessed live directly from the source. This allows you to only transfer down the information you have chosen to your report. Vivid Reports enables that data to flow across the internet into Excel.
Vivid Reports CPM software provides financial reporting, budgeting, consolidations, and analysis also comes with a Vivid database. If your ERP is online, such as Dynamics 365 (D365), Acumatica, or Epicor, then the Vivid Reports database can reside in a server. You do not need to have data on your local servers. The only thing that you need is Microsoft Excel® and the Vivid Reports client. The Vivid database can be set up so that it syncs with your ERP and then the data you need will flow directly over the internet and into Vivid Reports.
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