Why it Matters
By the time your team can pull together that report you asked for, the opportunity has passed or the information is outdated, despite their expertise. Meaningful and timely data is vital in today’s world, so you know exactly what’s happening across your business and have insight into what’s coming.
Symptoms to look out for:
-Monthly reports take days or even weeks to prepare
- Wading through reports helps you fall asleep at night (or maybe at your desk before your 3pm coffee)
- “Pat these figures look wrong”
- Your reports are spreadsheets, lots and lots of spreadsheets
- You need a degree to figure out how to extract a report from your system or it just won’t do what it should
The Business Impact:
- Half the month has gone before you’ve even planned for what’s coming next. You are constantly chasing your tail
- The power of your data is lost in the detail, and you waste precious time trying to bring together what you need to make your next move
- Human error and manual data manipulation leave you open to risk, when you rely on accurate information
- You’re at risk of corrupted or wrong data, reports not working when the creator leaves and it’s just so hard to find what you are looking for
- There are a few reports that are very transaction focused, opportunities for improvement are missed because you just can’t see what your data is trying to tell you
- You’re always waiting for critical information because there is no way to easily view it in real-time