The complexity of reporting on Oracle ERPs continues to be hot button issue for many business users in 2020. Last month, I addressed this topic at the Rocky Mountain Oracle Uses Group (RMOUG) Training Days event in my session titled: How to Overcome the BI Challenges of Today and Tomorrow.
To set the stage, here are three major themes on our product vision and how we’ve invested in transforming our solutions to support our customers’ evolving reporting and analytics needs:
- Enabling our products to be compatible with cloud technologies to expand the value of our offering and improve the customer experience
- Support a fractured environment with real-time, operational reporting and integrated analytics
- Accelerate tech modernization for customer reporting projects
Today, many of our customers are moving towards a hybrid cloud environment and there a number of operational and analytical reporting challenges at play.
Operational Reporting: Top challenges and outcomes:
Heavy reliance on IT causes delays and user frustration: Often times, business users are hindered by the standard Oracle reports and by IT to provide them with data beyond what’s available in a report to do their jobs effectively and to answer the day-to-day questions about the operations of their business. As such, IT becomes the bottleneck for process improvement involving access or preparation of data from the transactional system and users become frustrated waiting for reports to be developed.
Outcome: With Noetix, IT organizations can free themselves from the mundane tasks of report development and find the bandwidth to work on more value-add activities, while providing a solution they can trust in the hands of their users.
Data silos prevent self-service and lower data confidence: Many organizations have partitioned off their data to solve specific reporting challenges. For example, some companies rely on data warehouses to feed data from multiple source systems and turn that data into intelligence to support critical, strategic decisions. Typically, these systems do not require real-time data feeds and are refreshed nightly.
Outcome: With Noetix, users now have a way to access their transactional systems in real-time to minimize any delays and eliminate the need to reconcile data.
Inflexible, static reports prevent collaboration and lower productivity: Most often, business users need to run multiple standard reports to get the answers they need.
Outcome: By leveraging Noetix, they can continue with the same report by simply adding a column, extending with another NoetixViews, or modifying the NoetixView with additional columns found in the Oracle database.
Unsupported tools, data models lead to unexpected errors and rework: Business users need to stay up to date with the latest versions of applications and reporting tools. As reporting tools become unsupported, they end up having to switch. It takes significant effort to ensure that current reports will continue to function in the current or new reporting tool to avoid disruption to the business.
Outcome: With Noetix, there is minimal effort to ensure reports will continue to function since the Noetix data model is supported and protected from application upgrades and we continue to provide generators for the latest tools.
We’re constantly listening to our customers’ needs to understand and support the changing technologies and tools that they’re adopting within their organization. In my next post, I’ll address the challenges and outcomes with strategic enterprise analytics.
To access other Magnitude Operational Reporting and Packaged Analytics on-demand demos, visit our resource library or request a personalized demo today!