Reporting is one of the most crucial parts of any business that helps organisations to make better decisions. Getting fast, accurate information and discovering patterns in data requires strong reporting capabilities from your Accounting/ERP system.
NetSuite’s newest offering “SuiteAnalytics Workbooks” can help you analyse NetSuite data for valuable business intelligence in the form of interactive visualisations. It is an analytical tool that allows complex workbooks to be created combining tables, pivot tables, charts, and datasets/queries. Just like the other native reporting tools within NetSuite (reports/saved searches/dashboards), SuiteAnalytics Workbooks is also natively available as part of the core functionality (there are no additional software costs for this feature!)
A dataset is SuiteAnalytics Workbooks’ single source of truth (source data). It is the database query component of SuiteAnalytics Workbook which is built from fields within a user-defined base record and its joined records.
The dataset builder provides a tree-like structure that shows the relationships between records. Building a data set is a simple drag and drop process for defining the report fields needed for results / criteria / filters.
A workbook is the Data visualization component of the SuiteAnalytics Workbooks. It enables you to make sense of your data by analysing your data in different perspectives like summarisation / aggregation / graphical representation.
There are 3 visualisation types within the Workbook:
Workbook table views are where you can explore your dataset query results without altering the source data of any workbook visualisations that are based on the selected dataset. Data is displayed in a flat file format (consisting of rows and columns of data).
Pivot Tables allow you to create multiple views of your dataset query results to analyse different subsets of data. Within each table you can define multiple fields for each pivot table dimension, add measures and create calculated measures, or create filters unique to the table to customise your results.
It is a graphical representation of your source data. There are multiple chart types (Basic/Stacked: Column Chart, Bar Chart, Area Chart, Line Chart) you can create, all of which you can add to any NetSuite dashboard using the Analytics portlet.
Once you’ve made the decision to move on from spreadsheet accounting or to upgrade your legacy ERP system, how do you choose the right ERP software?
When you manage your whole business through an ERP system, you’re able to get a bird’s-eye view of your business, and better understand company-wide impacts of decisions, plans and unforeseen changes. This coordinated view is a real boon for companies looking to grow and to increase efficiency.
It’s essential to quantify the value and expected returns from implementing a new ERP system like NetSuite. After all, any new IT system is a substantial business expense, requiring a compelling business case to gain buy-in from stakeholders.
As businesses strive for efficiency, they are increasingly turning away from on-premises technology and moving to the cloud. As testament to this shifting trend, statistics indicate that cloud ERP is forecast to grow at more than 17% between 2022 and 2028.
ERP systems help companies automate and streamline operations, but how can they tackle the problems posed by inventory management?
When you manage your whole business through an ERP system, you’re able to get a bird’s-eye view of your business, and better understand company-wide impacts of decisions, plans and unforeseen changes. This coordinated view is a real boon for companies looking to grow and to increase efficiency.
