{"id":7982,"date":"2023-03-31T10:20:01","date_gmt":"2023-03-31T04:50:01","guid":{"rendered":"https:\/\/praxisinfosolutions.com\/blog\/erp-data-migration-tips-2\/"},"modified":"2026-01-02T18:32:04","modified_gmt":"2026-01-02T13:02:04","slug":"reporting-and-analysis-of-erp-data","status":"publish","type":"post","link":"https:\/\/praxisinfosolutions.com\/blog\/reporting-and-analysis-of-erp-data\/","title":{"rendered":"Things You Need for Better Reporting and Analysis of ERP Data"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 has-pattern-background has-mask-background banner-heading-px mobile-heading hundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last mob-mt-0\" style=\"margin-top:-50px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#5ea9de;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1 fusion-no-small-visibility\"><h2 style=\"text-align: center; font-size: 30px; padding-left: 15px; padding-right: 15px; line-height: 30px; padding-top: 25px; font-family: 'Open Sans', sans-serif;\"><span style=\"color: #ffffff;\"><strong style=\"font-weight: bold;\">Things You Need for Better Reporting and Analysis of ERP Data<\/strong><\/span><\/h2>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:20px;padding-right:0px;padding-bottom:0px;padding-left:0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_3_5 3_5 fusion-three-fifth fusion-column-first\" style=\"width:60%;width:calc(60% - ( ( 4% ) * 0.6 ) );margin-right: 4%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-2\"><p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">Traditional ERP tools offer basic reporting capabilities incompatible with advanced analytics requirements such as business intelligence or exploratory data analysis. Therefore, more organizations are adopting advanced ERP tools to integrate and streamline their business processes.<\/p>\n<p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">New-age ERP systems are intelligent enough to provide features like real-time data analytics. Although a crucial component, ERP analytics is a complex and time-consuming process for many companies. For instance, ERP reports can still have missing data, making it challenging for business executives to make accurate decisions.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_2_5 2_5 fusion-two-fifth fusion-column-last\" style=\"width:40%;width:calc(40% - ( ( 4% ) * 0.4 ) );margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none mobile-img\" style=\"max-width:100%;\"><img width=\"600\" height=\"400\" alt=\"Reporting and Analysis of ERP Data\" title=\"Reporting-and-Analysis-of-ERP-Data-min\" src=\"https:\/\/praxisinfosolutions.com\/blog\/wp-content\/uploads\/2023\/03\/Reporting-and-Analysis-of-ERP-Data-min.jpg\" class=\"img-responsive wp-image-8211\" srcset=\"https:\/\/praxisinfosolutions.com\/blog\/wp-content\/uploads\/2023\/03\/Reporting-and-Analysis-of-ERP-Data-min-200x133.jpg 200w, https:\/\/praxisinfosolutions.com\/blog\/wp-content\/uploads\/2023\/03\/Reporting-and-Analysis-of-ERP-Data-min-400x267.jpg 400w, https:\/\/praxisinfosolutions.com\/blog\/wp-content\/uploads\/2023\/03\/Reporting-and-Analysis-of-ERP-Data-min.jpg 600w\" sizes=\"(max-width: 800px) 100vw, 600px\" \/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top: -15px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first\" style=\"width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-video fusion-youtube\" style=\"max-width:600px;max-height:360px;\"><div class=\"video-shortcode\"><div class=\"fluid-width-video-wrapper\" style=\"padding-top:60%;\" ><iframe title=\"YouTube video player 1\" src=\"https:\/\/www.youtube.com\/embed\/MvjEso416OQ?wmode=transparent&autoplay=0\" width=\"600\" height=\"360\" allowfullscreen allow=\"autoplay; fullscreen\"><\/iframe><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-last\" style=\"width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-3\"><p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">Additionally, ERP reporting requires specialized skills and knowledge to extract and format valuable insights from the available data. To meet these challenges, ERP customers must choose the best ERP reporting tool for accurate reporting and analysis of their ERP data.<\/p>\n<p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">In this blog, we will discuss some of the essential features of ERP analytics for improved data reporting and analysis. Let\u2019s get started.<\/p>\n<h2 style=\"text-align: left; font-size: 20px; margin-bottom: 0; margin-top: 20px; color: #2f68d9; font-family: 'Open Sans', sans-serif;\"><b>10 Essential Features of ERP Analytics<\/b><\/h2>\n<p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">Undoubtedly, ERP analytics can improve business decision-making, resulting in operational efficiency, lower costs, profitability, and reduced risk. Organizations must choose the right ERP tool with advanced analytics functionality to leverage these benefits.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top: -15px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-4\"><p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\"><b>Here are the 10 essential analytics-related features to look for when evaluating your best ERP tool:<\/b><\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>1. Integration with Multiple Data Sources<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">As the number of available data sources keeps increasing, it becomes tedious for organizations to connect their ERP tools with these data sources. A pre-built ERP integration with analytics can save time and manual work. Therefore, make sure your ERP solution is pre-built with integrated data sources.<\/p>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">For instance, the ERP tool should be capable of importing data from business applications such as CRM and Excel spreadsheets. Doing that would give business users 360-degree visibility into their operations and insights into improving the process.<\/p>\n<p style=\"text-align: left; font-size: 14px; margin-bottom: 20px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\"><b>Also Read: <a style=\"color: blue;\" href=\"https:\/\/praxisinfosolutions.com\/blog\/excel-to-erp-why-you-should-make-switch\/\">From Excel to ERP\u2014Why You Should Make the Switch<\/a><\/b><\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>2. Visual and Interactive Interface<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">In the age of data visualization, business users prefer to view their data through interactive graphs, charts, and other visual elements. Your ERP analytics tool must support visual and interactive elements such as pie charts, heat maps, and radial diagrams for broader acceptance and use. Additionally, the tool must be intuitive to provide users with visual cues and enable them to understand the presented data.<\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>3. Data Organization<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">Without organized data presentation, no ERP tool can support effective data analysis and reporting. Here are some of the ERP features that you can use to organize your data:<\/p>\n<ul style=\"padding-left: 60px;\">\n<li style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\"><b>Dynamic Filtering:<\/b> Enables users to filter unwanted information from a data table or graph.<\/li>\n<li style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\"><b>Grouping:<\/b> Enables users to group the presented data based on date, product name, customer name, or other parameters.<\/li>\n<li style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\"><b>Drill-down Facility:<\/b> Enables users to click on any data point to drill down to a more detailed view of the information.<\/li>\n<\/ul>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>4. Automated Report Generation<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">Organizations can run data reporting with automated report generation according to a predefined schedule or time. Also, they can automatically send the generated reports to interested stakeholders such as employees, customers, or suppliers. This feature ensures that organizations do not lose productive time due to human or manual intervention.<\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>5. Support for Multiple Document Formats<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">ERP tools must enable users to export the data to various document formats, including PDF, CSV, and Excel, for effective analytics. Document-related features like Intelligent Document Recognition can also help organizations ingest data from PDF documents and other formats. This can significantly reduce manual data entry and improve accuracy.<\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>6. AI Capabilities<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">Artificial Intelligence (AI) can have a transformational impact on your ERP analytics. AI-enabled ERP tools can help organizations streamline business processes using machine learning models and conversational AI. ERP tools with AI capabilities can benefit operational activities like supply chain management and production. For instance, it can improve predictions by analysing historical data and existing market conditions.<\/p>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">Additionally, AI models can impact the efficiency of sales forecasting and inventory management and reduce unplanned machine downtime.<\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>7. Intuitive Dashboards<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">Both business and technical users can make better decisions with access to pre-built dashboards on their ERP implementation. With intuitive and customized dashboards, ERP users can access relevant information without depending on IT assistance.<\/p>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">The best ERP tools feature intuitive dashboards that combine internal and external information across integrated applications like CRM and Business Intelligence (BI).<\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>8. Real-Time Analytics<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">Real-time analytics capability provides organizations access to the latest real-time data and information. With instant data updates, business leaders can make informed business decisions faster and more accurately. As ERP tools become more intuitive and user-friendly, they can now collect and analyse information from any business operation.<\/p>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">With real-time analytics, you can also configure and track relevant key performance indicators (KPIs) for better decision-making. Organizations no longer have to invest separately into a BI tool for this level of real-time analytics, thus saving them money.<\/p>\n<p style=\"text-align: left; font-size: 14px; margin-bottom: 20px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\"><b>Also Read: <a style=\"color: blue;\" href=\"https:\/\/praxisinfosolutions.com\/blog\/how-erp-used-to-improve-company-performance\/\">How ERP Can Be Used to Improve Company Performance<\/a><\/b><\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>9. Mobile-Friendly<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">ERP customers can also improve their productivity by using a mobile-friendly ERP tool. With a mobile-friendly ERP application on their phones, business executives, including sales professionals, have real-time access to ERP data while on the move. They can also respond faster to customer queries and improve their customer service.<\/p>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">With access to real-time data on their mobile phones, business leaders have complete visibility into their business operations and can implement corrective actions whenever needed.<\/p>\n<h3 style=\"text-align: left; font-size: 16px; margin-bottom: 0px; margin-top: 1%; padding-left: 20px; font-family: 'Open Sans', sans-serif; color: #2f68d9;\"><b>10. Smooth Data Sharing<\/b><\/h3>\n<p style=\"text-align: left; font-size: 16px; padding-left: 20px; font-family: 'Open Sans', sans-serif;\">Thanks to the integration, <a style=\"color: blue;\" href=\"https:\/\/praxisinfosolutions.com\/blog\/erp-system-strategy\/\"><b>ERP system<\/b><\/a> can collect and store data from various business processes and applications. With effective analysis and reporting, ERP tools must enable users to share crucial information with business stakeholders, including CEOs and sales teams. Multiple teams can now access ERP data on shared dashboards without signing into any ERP system.<\/p>\n<h2 style=\"text-align: left; font-size: 20px; margin-bottom: 0; margin-top: 3%; color: #2f68d9; font-family: 'Open Sans', sans-serif;\"><b>Conclusion<\/b><\/h2>\n<p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">Effective analytics and reporting are now essential in any modern ERP tool. This blog looked at some essential analytics-related features for evaluating ERP tools.<\/p>\n<p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">To help organizations with their ERP implementation, an <a style=\"color: blue;\" href=\"https:\/\/praxisinfosolutions.com\/erp-software\"><b>ERP solution provider<\/b><\/a> like <a style=\"color: blue;\" href=\"https:\/\/praxisinfosolutions.com\/\"><b>Praxis Info Solutions<\/b><\/a> can bring in years of industry experience and technical expertise. We are an award-winning implementation partner for SAP ERP solutions like <a style=\"color: blue;\" href=\"https:\/\/praxisinfosolutions.com\/sap-business-one\"><b>SAP Business One<\/b><\/a>. Our team of ERP professionals can advise on the best ERP tool for your business. Here\u2019s a blog about how to create an effective ERP strategy that works for your organization.<\/p>\n<p style=\"text-align: left; font-size: 16px; font-family: 'Open Sans', sans-serif;\">Are you looking for professional help with your ERP implementation? <a style=\"color: blue;\" href=\"https:\/\/praxisinfosolutions.com\/contact-us\/\"><b>Contact us<\/b><\/a> today with your requirements.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 hundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: #e5ff2e;background-position: center center;background-repeat: no-repeat;padding-top:10px;padding-right:20px;padding-bottom:10px;padding-left:20px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first\" style=\"width:66.666666666667%;width:calc(66.666666666667% - ( ( 0% + 0% ) * 0.66666666666667 ) );margin-right: 0%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 10px 0px 10px 0px;\"><div class=\"fusion-column-content-centered\"><div class=\"fusion-column-content\"><div class=\"fusion-text fusion-text-5\"><h3 style=\"font-family: 'Open Sans', sans-serif; font-size: 18px; line-height: 30px;\"><strong>Business Intelligence &amp; Analytics<\/strong>..<br \/>\nPerfect enabler for insightful decision making. <strong><span class=\"blue-text\" style=\"color: #2f68d9;\">Call us on<\/span> <span class=\"blue-text\" style=\"color: #2f68d9;\"><a style=\"color: #2f68d9;\" href=\"tel:+91-8805025521\">+91-88050 25521\/<\/a><a style=\"color: #2f68d9;\" href=\"tel:+91-8805025518\">18<\/a><a style=\"color: #2f68d9;\" href=\"tel:+91-8805025521\">\/<\/a><a style=\"color: #2f68d9;\" href=\"tel:+91-8805025519\">19<\/a><\/span><\/strong><\/h3>\n<\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_6 1_6 fusion-one-sixth\" style=\"width:16.666666666667%;width:calc(16.666666666667% - 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