Microstrategy BI Software for Finance

MicroStrategy Business Intelligence BI Software for Finance Reporting and Analysis

Companies rely on business intelligence to provide visibility into the full scope of their business and financial operations. As corporate financial data faces greater scrutiny, finance and accounting departments must make detailed information more quickly and widely available. Business intelligence uniquely provides efficient transparency, analysis and delivery of corporate financial data.

Finance and accounting departments across every industry are increasingly leveraging business intelligence to analyze sources of revenue and cost, view data underlying the statement of cash flows and compare planned and actual revenue and expenses. Companies must satisfy public accounting requirements for government organizations and shareholders, as well as deliver financial data to financial analysts, business unit management, executives and directors.

Source: For more MicroStrategy Business Intelligence BI Software for Fiance, visit Finance Reporting & Analysis.

MicroStrategy BI Software for HR

MicroStrategy Business Intelligence BI Software for Human Resources Reporting and Analysis

Human Resources departments across all industries are realizing the benefits of adding business intelligence to their existing operational tools (payroll systems, benefits systems, time entry systems, etc.). Business intelligence allows HR professionals to better leverage their organization's operational data to ensure compliance with government regulations, provide improved service to the employee base and more effectively manage all matters related to human resources.

The MicroStrategy platform is not only ideal for reporting and analyzing detailed human resources information with complete security and confidentiality, but it also enables advanced and statistical data analysis, as well as alerting.

With a MicroStrategy human resources application, everyone in the organization can take advantage of reports and analytics. Employees can view and manage their personal information, such as time-off requests, benefits selection and address updates. Managers are just clicks away from analyzing employee performance and ensuring parity of titles, salaries and skill levels. Vice presidents can monitor the salary ranges of prospective candidates. Finance managers can receive alerts of their choosing, such as when a high salary is entered into the payroll system. HR professionals ensure labor law compliance and study ways to improve operational efficiency.

Source: For more MicroStrategy Business Intelligence for HR, visit HR Reporting and Analysis.

Microstrategy BI Software for Banking

MicroStrategy Business Intelligence Software for Banking and Financial Services Industry

Financial services companies use MicroStrategy to increase revenue, reduce costs, and comply with industry regulations and standards. Today, all five of the top U.S. commercial banks rely on MicroStrategy. As the industry grows, companies’ customer bases expand and diversify. That means more and varied customer information, making it more difficult for companies to understand consumer needs, track trends, identify profitable areas, and prevent fraud. Financial services companies choose MicroStrategy because its integrated architecture provides the ability to stay viable and competitive.

Creating Value with Business Intelligence in Financial Services
See an overview of how MicroStrategy’s Business Intelligence platform helps financial services companies make better decisions.

Prime Brokerage Dashboard Demo
Try out an interactive securities portfolio management dashboard geared toward investment banks, featuring equity analysis, securities agreements, and counter party exposure analysis.

For more MicroStrategy BI Software, Business Intelligence Application, visity MicroStrategy.com

Monitor Your KPIs with Business Intelligence Software

BI Software Articles : Monitor Your KPIs with Business Intelligence Software by Kip Kuyper

Finding the focus of your business and monitoring your success in that particular area is the key to success in today's diverse market. You can monitor how well your company is maintaining strategic focus by defining your Key Performance Indicators and investing in a business intelligence software program that will help you keep track of your progress. Your Key Performance Indicators, or KPIs, can show you which areas you're executing well and which need improvement.

Choosing Your KPIs
Depending on your business' focus, your KPIs will be different. Once you narrow down which KPIs are important to your business you can set up your business intelligence software to start collecting the necessary data you need to keep track of your strategy.
• Cost-focused Businesses - The KPIs for cost-focused businesses include cost measurement, cycle time, ability to conform to market standards, quantity, and quality. • Product-focused Businesses - You'll be looking at new products in the pipeline, research and development, time to market, and product customization when you select your KPIs for a product-focused business. • Customer-focused Businesses - Your KPIs will be knowledge of customers, environmental appearance, complaint management, employee empathy, product expertise, and responsiveness in a customer-focused business.

A cost-focused business might benefit from having some knowledge of its customers, but it is not an important KPI for the company overall, while the opposite is true for a customer-focused business. You can mix and match these KPIs if you find it necessary, but most of the time this categorization will hold true.

Setting Up Your Business Intelligence Software
Armed with KPIs specific to your business, you can set up your business intelligence software to collect the data that will show whether or not you are on track with your company strategy. For cost-focused businesses, you will need to collect data that shows cost for the entire process, from materials to labor. Product-focused businesses will need to collect data that shows how the company is moving forward with new products and customer-focused businesses will have to collect more information on customer satisfaction. This will require the business intelligence program to mine different data sources, depending on the information required.

It may even be useful for you to determine your KPIs before you purchase your business intelligence software. That way, you'll be able to purchase the best package for your data tracking requirements knowing what you need to collect.

About the Author
Kip Kuyper is a computer guy.

Source: BI Business Intelligence software articles at goarticles.com

BI for Industries:
BI for Health Insurance
BI for Hospitality
BI for Insurance
BI for Life Sciences

MicroStrategy BI Software for Healthcare

MicroStrategy BI Software for Healthcare

Healthcare organizations choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability — all while improving the level and variety of services delivered to patients. MicroStrategy provides integrated reporting, claims analysis, and monitoring while ensuring compliance with patient privacy and data security regulations. Today, seven of the top ten Fortune 500 healthcare companies and nine of the top ten Fortune 500 pharmaceutical companies rely on MicroStrategy for their reporting, analysis, and monitoring of wide-ranging healthcare data.

Business Intelligence BI Software for other industries:

BI for Entertainment
BI for Financial Services
BI for Government
BI for Health Insurance

For more MicroStrategy BI Software, MicroStrategy Business Intelligence Application information at MicroStrategy.com

MicroStrategy BI Software for Communications

MicroStrategy BI Software for Communication Companies

Communications companies depend on MicroStrategy to stay viable and competitive in a constantly changing and growing industry. With rapidly evolving technology, communications companies are in a race to offer the latest and best products and services to their customers at the lowest prices. MicroStrategy provides an integrated solution to recognize new revenue streams, streamline operations, and deliver value-added customer experiences. Today, all ten of the top global communications companies rely on MicroStrategy for reporting, analysis, and monitoring of corporate data.

Business Intelligence BI Software for other industries:

BI for Aerospace
BI for Automotive
BI for Banking
BI for Education

For more BI Software, MicroStrategy Business Intelligence Application, visit MicroStrategy.com

IBM BI Software - Cognos 8 Dashboards & Scorecards

IBM BI Software : Cognos 8 Business Intelligence Capabilities

IBM® Cognos® 8 Business Intelligence delivers the complete range of BI capabilities: Reporting, Analysis, Dashboarding and Scorecards on a single, service-oriented architecture (SOA). Author, share and use reports that draw on data across all enterprise sources for better business decisions.

Dashboards
Business dashboards communicate complex information quickly. They translate information from your various corporate systems and data into visually rich presentations using gauges, maps, charts and other graphical elements to show multiple results together.

Scorecarding
Scorecarding helps you align your teams and tactics with strategy, communicate goals consistently, and monitor performance against targets.

For more IBM Business Intelligence Software, Cognos 8 BI Software, IBM BI Application, visit IBM.com

IBM BI Software - Cognos 8 Analysis

IBM BI Software : Cognos 8 Business Intelligence Capabilities

IBM® Cognos® 8 Business Intelligence delivers the complete range of BI capabilities: Reporting, Analysis, Dashboarding and Scorecards on a single, service-oriented architecture (SOA). Author, share and use reports that draw on data across all enterprise sources for better business decisions.

Analysis
Analysis enables the guided exploration of information that pertains to all dimensions of your business, regardless of where the data is stored. Analyze and report against online analytical processing (OLAP) and dimensionally aware relational sources.

For more information visit IBM Business Intelligence Software, IBM Cognos 8 BI Software at IBM.com

Cognos 8 Reporting - IBM BI Software

IBM BI Software : Cognos 8 Business Intelligence Capabilities

IBM® Cognos® 8 Business Intelligence delivers the complete range of BI capabilities: Reporting, Analysis, Dashboarding and Scorecards on a single, service-oriented architecture (SOA). Author, share and use reports that draw on data across all enterprise sources for better business decisions.

Reporting
Reporting gives you access to a complete list of self-serve report types, is adaptable to any data source and operates from a single metadata layer for a variety of benefits such as multilingual reporting, ad hoc query, and scheduling and bursting.

Source: IBM Business Intelligence Software, IBM Cognos BI Software information at IBM.com

Business Intelligence Software Closes the Gap

BI Software Articles : Business Intelligence Software Closes the Gap by Kip Kuyper
in Management

Most businesses honestly don't know very much about business intelligence and how it works. Without the resources to hire a business intelligence project manager or contract with a company, some of these businesses might find that their best option is to invest in business intelligence software. The specifics of BI can be very complex and research is being done to improve the field everyday so the rules are constantly changing. To fill the gap between what business owners know to run their company and what business intelligence information they need to improve the company's performance, business intelligence software does the heavy lifting. Types of Business Intelligence Software

It would be a lot easier if business intelligence software came in one simple application that a company could install and start working with immediately, but both fortunately and unfortunately, there is a wide variety of software available. This gives companies the ability to pick and choose what they truly need, but without any knowledge of BI, just the choosing can be difficult as well.

• Reporting Tools - These tools help generate reports with data that has been collected for business intelligence projects. The reports will point out important information with regards to business goals and can usually be formatted using familiar programs like Excel. They often either include or can be coupled with data collection systems that collect information from a variety of different sources and process the information so that it can be analyzed.

• Performance Management Software - This software is designed to help companies measure their key performance indicators and guide the internal operations. It helps create actionable plans that drive strategy by looking at organizational performance and resources as a whole.

• Data Integration - These programs collect data from multiple data sources to provide access to users within the company. This software usually operates using an ETL process or extract, transform, and load, integrating different formats and semantics into information that can be analyzed.

• Deployment - These applications usually come with or can be purchased with the rest of the software to help get the process stared. They usually help on the backend too, ensuring that the technology is not only implemented correctly across the company, but that the information generated by the business intelligence software can be used in an efficient and correctly.
By knowing what is currently being offered, any business can find the right software to help launch a business intelligence program or keep track of key performance indicators.

About the Author
Kip Kuyper is a computer guy.

Source: Business intelligence BI software articles at goarticles.com

BI Business Intelligence for Industries:
BI for Education
BI for Entertainment
BI for Financial Services
BI for Government

Business Intelligence Software to Use BI Remotely

BI Software Articles : Business Intelligence Software to Use BI Remotely by Kip Kuyper

Gas prices have been fluctuating in the US, but they are undeniably higher than they were only a few years ago. The economics of coming into the office every day, coupled with the global marketplace and invigorated environmental concerns, have lead more and more companies to hire employees that work remotely. Most of these workers will have access to a laptop or computer some of the time, but what about when they don't? How will they be able to leverage the business intelligence generated by their companies to act quickly and make the best business decisions? Fortunately, new business intelligence software allows employees to receive business intelligence reports on their mobile devices. This new software is giving today's employee more freedom, so he or she is not tethered to a desk in an office.

Current Capabilities
Simple applications convert reports from current business intelligence software so that they are readable on mobile devices. BlackBerry, Palm, Symbian, Windows Mobile, or Java-enabled smartphone users will all be able to read these reports with ease. Once the reports are delivered, the mobile user can act on the information immediately. The ability for immediate action will give the companies that use business intelligence to make important decisions a cutting edge in a competitive marketplace. These mobile applications will also allow companies the ability to make the best use of their workforce. Without having to lose an employee's talents due to travel or distance, companies can make the best use of the best people anytime, anywhere.

Next Steps
As technology improves in the business intelligence field, no one is quite sure what the future will bring. However, these new breakthroughs in business intelligence software are already expanding the capabilities of the companies that use BI. These companies' demand for new technology will increase as their ability to compete is affected and as their customer's expectations change. Right now, mobile device users can view and leverage business intelligence reports, but who knows what is to come from the business intelligence world.

With all business intelligence software, choosing an effective mobile solution involves finding a business intelligence company that can provide you with the most complete products for your company's needs. With ever-changing technology and expectations, you don't want to work with a company that will limit yours. Once you find the right software, talk to the provider about support and upgrades as business intelligence software advances. A good company will know the value of helping your company succeed long term.

About the Author
Kip Kuyper is a computer guy.

Source: Business intelligence BI software articles at goarticles.com

BI Business Intelligence Software Vendors:
Calumo
Cognos
Hyperion
IBM

Extentia expands offshore software development services in Europe - Development deal with German business intelligence Company CoSMIT GmbH signed.

BI Software Articles : Extentia expands offshore software development services in Europe - Development deal with German business intelligence Company CoSMIT GmbH signed. by Matthias Ennen

Pune, India - October 15, 2008 - Extentia Information Technology, a global software development company, today announced the formalization of a strategic development relationship with CoSMIT GmbH, Germany, to provide software development and consulting services to their European clients.

With their consulting services and software solutions in the business intelligence space, CoSMIT have enjoyed rapid growth and success and can look back on numerous profitable years of business. CoSMIT's product and service range covers Actuate Consulting, BIRT, Portal - and Dashboard development, Databases, Training and custom tools for Business Intelligence.
With the increasing importance of open source software, BIRT solutions have become more attractive for organizations of all sizes. And with the increasing demand for BIRT based skills, CoSMIT, as an established integration service provider, is well positioned to further drive business and focus on customer needs in Europe.

In talking about the expanded collaboration, Mr. Anand Rahul, Business Unit Head at Extentia commented, "Extentia is the perfect partner for CoSMIT's increasing needs. We have substantial experience in enterprise application development; and specifically, the fit with our Java and open source teams is going to be perfect."

The partnership between CoSMIT and Extentia will allow CoSMIT to offer customers unique BIRT software solutions for their information processing needs. While the development of the software will be executed at Extentia's development centre in India, a team of technical pre-sales experts will work onsite with the CoSMIT team in Germany. With Extentia's experience in managing global customers and projects, processes that minimize communication and requirements issues will be rapidly put into place.

While visiting with Extentia in September, Johannes Schabel, Managing Partner of CoSMIT commented: "This global delivery model is a compelling opportunity for our customers that will help them operate more competitively and aggressively in a shrinking world. The close collaboration model will give our customers total control over the project while benefiting from a global delivery model. We are excited about this opportunity and are looking forward to working with Extentia."

When announcing the partnership, Umeed Kothavala, a director at Extentia noted that "Extentia has valuable experience in building large and complex applications, and has an incredibly successful track record in delivery. Coupling this experience with CoSMIT's strengths and presence in Europe is going to create a winning team. CoSMIT and Extentia have already worked together and this partnership is going to make our teams operate more seamlessly and bring the best of our strengths together."

The partnership with CoSMIT is part of Extentia's growing European footprint, and reflects CoSMITs commitment to find the best solution partners for their delivery models.
About CoSMIT: CoSMIT is a service provider and consulting company active in the area of business intelligence, focusing on Actuate- and BIRT-projects, as well as developing BI tools. CoSMIT supports small and medium-sized companies as well as multinational corporations in business intelligence, in particular with reporting projects. Their customers include companies from the financial, pharmaceutical, insurance and automobile industries as well as from manufacturing.www.CoSMIT.de

About Extentia: Extentia Information Technology is a software development and consulting organization primarily servicing North America and Europe. With strong technical skills both on Microsoft and Java platforms, Extentia is committed to delivering high quality, information technology solutions. The company focuses on providing global solutions, and addresses the needs of corporations and software development companies requiring Internet, web-based and client-server solutions based on industry standards and emerging technologies.www.Extentia.com

About the Author
Extentia Information Technology Tequila, Lane E, North Main Road Koregaon Park, Pune 411001 INDIA
Mail: info@extentia.com Tel: +91-20-26154811, +91-20-26155507 Fax: +91-20-26153104

Source: Business intelligence BI software articles at goarticles.com

Other Business Intelligence Vendors:
Actuate
Applix
Arcplan
Board International
Business Objects

Business Intelligence Software And Business Activity Monitoring

BI Software Articles : Business Intelligence Software And Business Activity Monitoring by Andrew Morgan

Business Activity Monitoring or BAM will help you keep track of business activities while they are being executed automatically. This is an important component of a business intelligence software package because it will help make critical decisions for your company during the process, giving immediate value to your business intelligence information. Not all packages come with this ability, so if you feel it is important to your business, you’ll want to ensure that it is available.

Reasons to Use BAM
Your company could use this application to:
Detect changes in a project or in an order from a client and alert your team to these changes
Adjust your activities based on demand of your services against your resources
Detect and repair bottlenecks in your system
Discover possible delays in your delivery to your clients
Predict possible budgeting issues BAM can help make you aware of problems as they occur so that your company is able to fix the issues and get your business activity back on track. It can also help you predict issues so that you can take preventative action, ensuring that your resources are used to continue to improve your business and not wasted scrambling to make last minute repairs to the system.

To Implement BAM

In order to use Business Activity Monitoring effectively, companies will need this technology:
Business intelligence software that looks for specific events and notates them as an activity plays out
Software that makes data available for analysis as soon as a specific event takes place using event-driven data integration technology. The data can come from BI reports, cubes, systems, data warehouses, external data sources, or any combination of data sources
BI software that analyzes and produces intelligence regarding the selected integrated data set
Software to determine automatically whether to take automated action on the intelligence and take that action. This software should also have the capacity to make the manager of these activities aware of an action taken and any problems that have occurred or are anticipated. These alerts should also include any recommendations on how to proceed. By using BAM, your company can make important decisions regarding your business activity immediately and nip any possible issues in the bud. Being able to maintain or improve performance on an activity can minimize the impact on costs when problems arise.

About the Author
Andrew Morgan is a writer and business expert who specializes in Business Intelligence Software. For more information on business intelligence, visit www.actuate.com.

Source: Business intelligence software articles at goarticles.com

Business Intelligence for Industries
BI for Aerospace
BI for Automotive
BI for Banking
BI for Education

Choosing the Right Business Intelligence Software

BI Software : Choosing the Right Business Intelligence Software by Andrew Morgan

With a variety of business intelligence software providers in the marketplace, you need to know how to pick the right business intelligence (BI) company for your organization, whether you have a large, mid-size, or small company. The overall benefit of a BI company and its software will be determined by your needs as much as your budget. Even if your company can afford all the bell and whistles associated with a BI software package, you may find that you don’t need everything offered and can save money for your organization by going with a simpler software package. Researching the market and knowing your business before you make a decision will be the key to finding the right software provider for your company.

Data Collection
Most businesses need BI software that will help them collect information that is stored in several different databases. But what you might not know is that you don’t necessarily need expensive technology to do this. You can find software that integrates, publishes, and analyses data across databases without too many features. And while those features may be very necessary for some businesses, you’ll want to double check the logistics of your BI needs to ensure that you’re not just wasting your money on extras that you don’t need.

Integration
The rules for assessing a BI software program’s integration capabilities are the same. Look for companies that offer what you need, not just companies with high-profile names. For example, you might be able to leverage your existing metadata instead of paying a company to create metadata manually for you. By shopping around to compare prices and features, you might find a company that offers you the integration you need at the right price. The company you choose for software will need to align with your company’s needs and goals and if a company doesn’t, then keep shopping.

Data Analysis
The ultimate goal for any BI project is data analysis. Effective business intelligence software will give you the information you need to make important decisions about your business using all of the available information. At the end of the day, you need software that can provide you that information in a timely manner. Some companies offer consulting services that cost as much as your software and are required before the launch of their product for your company. If these services will be of use to you, by all means, invest in them, but if it makes as much sense for your company to choose a software program that can be launched in a few hours and run without expensive consultations, then choose that software in good conscience.

When your company decides to launch a BI project, first assess exactly what your company needs and what is within your budget. Once you know those two factors, it will be easier for you to choose the software that will most benefit your company. If your BI needs are ambiguous and you have an unlimited budget, investing in a consultation and software extras is probably a good idea. If your purse strings are tied and you know what your company needs, shop around to find a BI company that will give you what you need and only what you need for the right price.

About the Author
Andrew Morgan is a writer and business expert who specializes in Business Intelligence Software. For more information on business intelligence, visit www.actuate.com.

Source: Business Intelligence Software, Business Intelligence Company, BI information at goarticles.com

How Business Intelligence Software Can Help Your Business

BI Software : How Business Intelligence Software Can Help Your Business by Andrew Morgan

In today’s market, every business and organization is doing everything that can be done to stay afloat and get ahead. When attracting new customers or keeping your current clients, you need all the information you can get to make the right decisions for your business both long term and short term. One of the best ways you can get a leg up is to leverage the business information you already have using business intelligence software to manage your organization more effectively. You might be hesitant to use a new software program to help you make important business decisions, but here are the reasons why it’s important to at least take a closer look at these powerful tools.

Why Business Intelligence Software The term business intelligence was coined in 1958 referring the concept of using past and present business information to make decisions for a business’ future. Back in the 1950s, this data had to be collected and analyzed by hand making this a time consuming and labor-intensive process that took from weeks to months to yield useful information. Nonetheless, companies then had viable intelligence that could be used to make decisions for their long-term future, instead of relying on intuition and guesswork. Nowadays, computer technology gives companies the opportunity to compile and analyze a vast amount of data relating to their business so that they can make both short-term and long-term decisions based on concrete facts and information.

How BI Software Works Software programs for business intelligence collect and analyze “key performance indicators,” or KPIs, to determine what the best course of action is for a business. KPIs can include lead conversion rates, inventory turnover, and other relevant business information. What a good business intelligence software program will do is not only collect this information but also analyze it so that the implications of the results can be understood across the company.

How to Use Business Intelligence Software Most companies use their business intelligence software for performance management. Once the “key performance indicators” are established and understood, it is possible to set goals and assess progress for the company. By establishing clear and attainable goals in a company, business owners and CEOs empower their managers and their employees. Business intelligence software provides clear information and quick delivery for the entire company. Good software can also be used to deliver the appropriate reports to the appropriate persons in a company so that resources can be used most effectively.
Companies and organizations that use business intelligence software find that they are more informed when it comes to their business as a whole in addition to the more specific details of factors that are driving their businesses. It also gives most organizations perspective, allowing comparison of a recent fluctuation in data to the past and what is predicted for the future, so that the best decision can be made for the present.

About the Author
Andrew Morgan is a writer and business expert who specializes in Business Intelligence Software. For more information on business intelligence, visit www.actuate.com.

Source: Business Intelligence Software, Business Intelligence Companies, BI information at goarticles.com