IBM recently estimated the yearly cost of poor quality data in 2016 was a staggering $3.1 trillion – and that was just in the US alone. Meanwhile, Experian’s research showed that inaccurate data affects the bottom line of some 88 percent of organisations, causing them to lose as much as 12 percent of their revenues.
Despite these worrying statistics, it is very unlikely that your current ‘out-of-the-box’ BI solution will be addressing the ongoing issue of erroneous data, meaning that the integrity of data being used to make your strategic business decisions is most likely flawed.
And what about business logic? Well, given that so many BI solutions currently adopt a ‘one size fits’ all approach, this inevitably hinders their ability to adequately deliver actionable business insight across a range of verticals.
For example, it is not hard to understand that there are irrefutable differences between the insurance industry and the hotel industry, or the financial industry and the pharmaceutical industry. Specific market domain expertise and business logic are the missing links most BI solutions possess, in order to deliver actionable business insights rather than generate more inaccurate reports that lead to “paralysis by analysis.”
“EiB Financial Analytics acts as a seamless bridge between Sage 200 and Excel. Anyone with Excel can use it, regardless of their technical ability. It really is an excellent and completely fuss free BI solution”
Supply (UK) Group
“There are something like 200 reports out of the box in the familiar look and feel of Excel spreadsheets. We can also prepare professional reports in the right form for our auditors, something we have long been hoping for from a business intelligence solution”
Supply (UK) Group
“Excel in Business delivered a suite of reports that cover all of our Sage 200 commercial reporting needs and as a result there is no requirement for employees to write reports in house – EiB Financial Analytics has been a revelation for our business!”
Sharps Brewery
“The flexible licensing approach for EiB Financial Analytics on Sage 200 makes this business intelligence solution very cost effective to distribute across a wide range of employees.”
Sharps Brewery
The EiB Financial Analytics reporting system has given Sharp’s a complete turn- key commercial reporting solution for Sage 200, delivered in a very short time and at a tremendously good price.
Sharps Brewery
“With the software priced the way it is and the resulting benefits we will achieve, quite honestly it’s a no brainer”
Sharps Brewery
“I’ll be honest, when Excel in Business presented EiB Financial Analytics to us, we took what they said about the great user functionality with a pinch of salt, but it turned out to be true!”
Supply (UK) Group
“I still ask myself, how did I manage before, without EiB Financial Analytics for Sage 200”
Autism Initiatives Group
“The key benefit is the flexibility of reporting and timely distribution of reports. EiB Financial Analytics shaves 2 days off our former reporting processes”
Autism Initiatives Group