Best Reporting Software
Explore and invest in the best reporting software to create customized business intelligence reports.
Your business needs data-driven decision-making competencies, analytics-led discovery and innovation, and reporting-based real-time planning capacities to stay ahead of the competition. However, without an accurate and reliable reporting system, your business may suffer setbacks. This is where the best Reporting software can help businesses identify new opportunities, detect trends, and improve performance with powerful business intelligence reports. Reporting software with inbuilt visualization tools enhances the competencies of managers and business leaders to make informed business decisions.
What is a Reporting Software?
Reporting software is a set of application tools that assist businesses in creating insightful business intelligence(BI) reports, automates reporting functions, and integrates with all channels critical for fetching valuable data. Granular data analyzed with sophisticated reporting software integrated with machine learning can lead to winning analytics for companies. Reporting software tools also possess the functional expertise to complement the analytical talent of the data scientists, BI executives, and managers employed by organizations. It comes with other features such as tracking KPIs, building customized reporting dashboards, enterprise reporting, data blending, visual analysis, and many more.
How to Select the Best Reporting Software?
One needs to analyze the types, usability, average pricing, key aspects, and important features against one’s business type and size to find the most suitable reporting software for one’s business. Doing all this on your own can be an overwhelming and time-consuming task. This is where GoodFirms can help you to pick the best reporting system software for your business. GoodFirms' software product listing platform is a reliable source for B2B buyers to browse and unearth some of the world's top reporting tools. Compiled by GoodFirms' experienced software research team, the list of top reporting software allows you to choose from the best available reporting software products. Check the features, reviews, pricing, apply filters, and compare various software applications on this page and select the best one that fits your business’ needs.
List of Best Reporting Tool | Best Reporting Software
List of Best Reporting Tool | Best Reporting SoftwareFilter
- 1Data Visualization & Business Intelligence Tool
datapine helps people to turn data into actionable insights and make data-driven decisions in real-time. A user-friendly drag & drop interface empowers everyone to make sense of complex data by asking important questions and receiving answers immediately. It offers a wealth of innovative BI 4.0 features like intelligent alarms and interactive dashboard features for modern, KPI driven businesses. ... read more about datapineTerrific product, very satisfied!- Korbinian HacklVisit website14 DaysContact Vendor
- 2Discover a better way to track time and get work done.
Intervals is simple, yet powerful time tracking and task management software with intelligent reporting. It provides collaboration, tracking, and reporting tools teams use to turn successful projects into a successful business. It is fully featured with the right features small teams need. Budget tracking, timesheets, document sharing, email integration, productivity reports, and other project man... read more about IntervalsVisit website30 Days$29/Month
- 3Changing the way you think about data.
Tableau Software helps people see and understand data. Offering a revolutionary new approach to business intelligence, Tableau allows you to quickly connect, visualize, and share data with a seamless experience from the PC to the iPad. Create and publish dashboards and share them with colleagues, partners, or customers—no programming skills required. ... read more about TableauTableau 2013.3 Desktop- Ojoswi BasuVisit website14 Days$70.00/Month
- 4Project Management Software for Professionals.
Teamwork Projects has everything you need to track project management from start to finish. The flexibility, combined with the intuitive features the app offers mean your team will not only become better collaborators but they will massively increase their productivity on a daily basis.... read more about Teamwork ProjectsIt does the job, kind of expensive but has lots of good features.- McKay Salisbury, Founder/CEO at Five Star CommerceVisit websiteN/A$10/Month
- 5The best project management software for any business.
Zoho Projects, our cloud-based project management software, helps you plan your projects, track work efficiently, and collaborate with your team, wherever they are. Zoho Projects is loaded with functions that improve team collaboration, making project monitoring easy, and enhancing your productivity and output. Plan your project activities, assign work, manage resources and collaborate with your t... read more about Zoho ProjectsVersatile, online alternative to Microsoft Project, with tons of customizations and workflow automations- Jaideep Tibrewala, Head of Product at Glide InvestVisit website10 Days$20.00/Month
- 6Transform your business with powerful insights.Visit website15 Days$30.00/Month
- 7Your company. United. Free. Unlimited. Online.
Bitrix24 is the leading free online CRM software used by over 8 million companies worldwide. It is available in cloud or on-premise with open source code access. Unlimited leads, deals, contacts, companies, quotes, invoices and appointment scheduling. The free plan also comes with email marketing and telephony. Advanced versions have sales and marketing automation, bulk SMS, campaign management an... read more about Bitrix24
- 9Project management software your team will love.
ProWorkflow is an online project management software that enables you to keep accurate time-keeping records, organize, plan, and delegate jobs and tasks whilst using the timeline to have an overview of company activity. The information ProWorkflow collects allows you to measure and analyze your company performance so that you can streamline profit margins and show meaningful direction via our stro... read more about ProWorkflowA solid software for small ad or creative agencies- Haresh Pansuriya, Digital Marketing Lead at iQlance SolutionsVisit website30 Days$20/Month
- 10The easiest way to manage team projects and tasks.
Agilean is a SaaS enterprise workflow management and project management software solution that is basically created to be used by IT enterprises. The main features of Agilean include project planning, execution & monitor, SCRUM and KANBAN board, impediments and response plan, stand up meeting automation, release management, retrospective analysis, and visualized reports. ... read more about AgileanProductive application for team projects- Swapnil Gaikwad, Software Engineer at AurionproVisit website30 Days$5.00/Month
- 11Simplifying cryptocurrency tax reporting
Launched In 2018, Koinly is the fastest growing crypto tax solution globally and offers automated capital gains reporting in 20+ countries. It is very easy to setup and unlike other tax tools offers a complete API integration with almost every popular exchange such as Coinbase, Bittrex, Binance etc so you don’t have to enter data by hand. You can sync anything from a BTC xpub key to your EOS... read more about KoinlySolid product, saved us huge amounts of headache and time- Abdullah Al Kafy (Nishad)Visit websiteN/A$79/Year
- 12Powerful, yet simple project management tool.
ActiveCollab is the project management software that gives you complete control over your work. It is a flexible project management tool for managing your projects with plenty of neat add-ons. It runs in the cloud like most browser apps today, but you can also install it on your own server.... read more about ActiveCollabMust use this platform!- Hammy Havoc, CEO at Split An AtomVisit website14 Days$6.25/Month
- 13The top rated dashboard on Earth.
Klipfolio is the new way everyday people and their teams make informed decisions. We believe in empowering you to make better decisions by eliminating the unknown. Take control of your data and be stronger, better, and more competitive every day. ... read more about KlipfolioBest reporting software- Paul Lewis, CEO/Founder at Scrum Explainer
- 14A business intelligence framework.Visit website30 DaysContact Vendor
- 15Project Management Tool
ConceptDraw PROJECT is a full-featured project management tool that delivers a full complement of features needed to successfully plan and execute projects. Features supported include task and resource management, reporting, and change control. The integration with other ConceptDraw OFFICE products helps improve project management by leveraging the power of mind mapping and data visualization. Con... read more about ConceptDraw PROJECTVisit website21 Days$299/One-time
- 16SharePoint analytics the easy way.
SharePoint Vitals gives you instant answers to the who, what, when, and where of your SharePoint farms and Office 365 tenants. It tracks and analyzes SharePoint user activity, then gives you the insights you need to optimize your environments better. ... read more about SharePoint VitalsNetwork Solutions- Syed Usman Hashmi, Digital Marketing Executive at PureVPNVisit website14 Days$800/Month
- 17Interactive data science meets modern BI
Mode is an analytics platform designed to help data analysts and data scientists analyze, visualize, and share data. Run fast, advanced analysis by seamlessly switching between a cloud-based SQL Editor, Python & R notebooks, and interactive visualizations. Focus on analysis, while stakeholders self-serve.... read more about ModeMode works very well.- Prashant Sugand, Director & Principal Consultant at Layertech
- 18EASY-TO-USE AD-HOC REPORTING SOFTWARE
With DBxtra – Reporting Software, even inexperienced report designers can create and distribute interactive business intelligence web reports and dashboards in a few minutes without the knowledge of SQL, programming or web technologies. Designing, deploying, and managing ad-hoc reports is quick & easy.... read more about DBxtraAffordable, flexible & customizable- Laura Fuentes, Operator at Infinity Dish
- 19End-to-End Work Management Software for businesses.
Scoro is a CRM & work management software which allows companies to control their entire workflow from one place. You'll get everything needed to manage your business: project/work/task management, contact database & CRM, customer cards & activity logs, sales pipeline, quoting and billing, advanced reporting, real-time dashboards, and more. Sign up for a 14-day free trial to see for yourself!... read more about ScoroGreat tool- Audrius Vrubliauskas, CBDO at astrone.xyzVisit website14 Days$26/Month
- 20Higher Education Reporting Made Simple
Evisions Argos delivers the insights that you need in order to make timely, better-informed decisions. Argos helps colleges and universities work better, delivering flexible, powerful, easy-to-use reporting tools developed by higher education experts.... read more about ArgosBest software at the enterprise level- Nerijus Grenda, CEO at GoodLuckMate
- 21Automates Processes and Gains Efficiencies Across Your Business
ConnectWise Manage is a PSA Tool Designed To Run Your As-a-Service Business. It creates a single flow of information from start to finish, keeping all team members in the loop. Improve customer satisfaction by creating accountability for your team and supplying a better solution for customers to communicate with them. Gain control of your teams by implementing best practice processes within the sy... read more about ConnectWise ManageIts not great for projects and CRM- Gary Boyle, Owner at ANiMODUS
- 22Project Management Software for Professionals.
ProjectManager.com’s award-winning project management system combines powerful project planning and scheduling features with collaboration tools for teams. Plan small projects with kanban boards, or plan long-term projects on the interactive Gantt chart. Adjust due dates with easy drag-and-drop scheduling. ProjectManager.com takes project planning to a whole new level. Get started today with a F... read more about ProjectManagerVisit website30 Days$15/Month
- 23Grow your agency with the best digital agency
TapClicks, Inc. is a leading marketing technology company for agencies, media companies, brands, and enterprises. Its integrated Marketing Operations Platform includes sales enablement, workflow and order management, analytics, and automated reporting -- all within a single intuitive user interface available on demand in the cloud. ... read more about TapclicksVisit websiteN/A$250.00/Month
- 24Modern monitoring & analytics
Datadog is the essential monitoring platform for cloud applications. We bring together data from servers, containers, databases, and third-party services to make your stack entirely observable. These capabilities help DevOps teams avoid downtime, resolve performance issues, and ensure customers are getting the best user experience. ... read more about DatadogVisit website14 Days$15.00/Month
- 25Get ready to monitor everything!
LogicMonitor® is an automated, SaaS-based IT performance monitoring platform that provides the end-to-end visibility and actionable data needed to manage complex and agile IT environments. Our company is headquartered in Santa Barbara, California, with offices in Austin, Texas, London, China, and Singapore. ... read more about LogicmonitorVisit website14 Days$15.00/Month
- 26Minimize Risk and Costs With Pentaho
Pentaho data integration and analytics at Hitachi Vantara is an open-sourced based, enterprise-class platform for big data deployments. The unified data integration and analytics platform is comprehensive, completely embeddable and delivers governed data to power any analytics in any environment. ... read more about Pentaho
- 27Embedded Reporting and Dashboards
- 28Revolutionizing Financial Reporting
insightsoftware is on a mission to help companies turn their financial & operational data into better business outcomes that drive growth and ROI. Through their innovative, turn-key reporting and performance management solutions, insightsoftware provides users with real-time access to data-driven insights in an efficient, cost-effective and secure manner. ... read more about Insight software
- 29IT service desk that's actually simple.
Freshservice’s intuitive, intelligent, no-code solution acts as a force multiplier, helping businesses of all sizes achieve efficiency, effectiveness, and greater ROI. Modernize IT and other business functions with a refreshingly easy-to-use, simple-to-configure IT service desk solution in the cloud. Simplify the service environment so that key information and workflows are available at the read... read more about FreshserviceVisit websiteN/A$19/Month
- 30Metabase is the easy, open source way for everyone in your company.
Metabase is bringing data tools with the elegance and simplicity of consumer products to the crufty world of enterprise business intelligence. Our Open Source analytics and business intelligence application let installs in minutes, and can connect to most commonly used databases. It lets anyone in your company quickly ask questions, and create dashboards or nightly emails without knowing SQL. ... read more about Metabase
- 32#1 Open Source Project Management Software.
OpenProject GmbH is a leading provider of open source project management, collaboration and issue tracking software for teams. OpenProject supports classic, agile as well as hybrid project management along the entire project life-cycle. Besides providing a comprehensive project management tool, OpenProject is highly committed to data privacy and information security. They take care of the privacy,... read more about OpenProject
- 33 End to end data science for better decision making.
KNIME Analytics Platform is the open source software for creating data science applications and services. Intuitive, open, and continuously integrating new developments, KNIME makes understanding data and designing data science workflows and reusable components accessible to everyone. ... read more about KNIME Analytics Platform
- 34An open source technology platform
An open source technology platform used to create data visualizations and reports that can be embedded into rich client and web applications.BIRT is a top-level software project within the Eclipse Foundation, an independent not-for-profit consortium of software industry vendors and an open source community.... read more about BIRT
- 35Modern business intelligence and advanced analysis.
Knowage offers FULL ANALYTICAL CAPABILITIES, with a special focus on big data analytics and comprehensive support to rich and multi-source data analysis. Knowage provides different modules, each one focused on a specific domain but mutually combinable (Big Data, Smart Intelligence, Enterprise Reporting, Location Intelligence, Performance Management, Predictive Analysis). It is available in two ve... read more about KNOWAGE
- 36Innovative and unlimited reporting.
jsreport project was born as the reaction to the lack of customizable and open reporting tools on the market in 2013. It is an open source reporting platform allowing developers to define and generate pdf reports. It comes with a different innovative way how to do business reports right.... read more about jsreport
- 37Open Source Java Reporting Library.
The JasperReports Library is the world's most popular open source reporting engine. It is entirely written in Java and it is able to use data coming from any kind of data source and produce pixel-perfect documents that can be viewed, printed or exported in a variety of document formats including HTML, PDF, Excel, OpenOffice, and Word.... read more about JasperReports
- 38BI Reporting & Analysis Tool.
- 39Reporting, Automated.
Welcome to the end-to-end reporting solution by Hexaview, Reportwa, a real-time report creation and distribution solution that empowers financial advisors with self-service capabilities. A single tool for your reporting and reporting compliance needs that lets you: Design pixel perfect reports with data visualization allowing users to gain useful insights into their data right inside your favo... read more about ReportWaVisit website30 DaysContact Vendor
- 40Work smarter together.
Taskworld is one of the world's leading project management software. Taskworld project management software has been in the market for over a decade. The major features include project planning and management, task management, analytics, team communication, security, file management, time tracking, performance reporting, team messaging, and project timelines.... read more about TaskworldVisit website15 Days$10.00/Month
- 41The one-stop solution to Active Directory Management and Reporting
ManageEngine ADManager Plus is a unified web-based solution for all your Active Directory (AD), Exchange, Skype for Business, G Suite, and Office 365 management needs. It also offers more than 150 predefined reports, including reports on AD, Office 365, and NTFS permissions, a custom workflow structure to streamline AD operations, and automation for routine tasks such as AD cleanup.... read more about ManageEngine ADManager Plus
- 42A holistic Office 365 administration solution
O365 Manager Plus is an extensive Office 365 tool used for reporting, managing, monitoring, auditing, and creating alerts for critical activities. With its user-friendly interface, you can easily manage Exchange Online, Azure Active Directory, Skype for Business, OneDrive for Business, Microsoft Teams, and other Office 365 services all from one place. O365 Manager Plus provides exhaustive prec... read more about ManageEngine O365 Manager Plus
- 43A single pane of glass for complete SharePoint Management and Auditing
SharePoint platform provides easy hosting and collaboration of business data both online and on-premises. The flexibility and ease of use has made companies rapidly adopt SharePoint to host their business data. However, the high level of collaboration and dynamic nature of the content pose challenges to SharePoint administrators in managing and auditing the SharePoint servers. Every SharePoint adm... read more about ManageEngine SharePoint Manager PlusVisit website30 Days$945/Year
- 44A single pane of glass for Exchange Server Monitoring, Reporting and Auditing
Microsoft Exchange Server is, by and large the most popular communication, collaboration and email messaging application today. Microsoft Exchange serves as the hub of all email communications in most corporate environments that use the Active Directory technology. It becomes a necessity to have an Exchange reporting tool that will equip an Exchange Administrator with precise, granular, comprehens... read more about ManageEngine Exchange Reporter Plus
- 45A Single Pane of Glass for Comprehensive Log Management
5 Reasons you need EventLog Analyzer In-depth auditing capabilities Audits network perimeter devices' logs, user activities, server account changes, user accesses, and a lot more to meet security auditing needs. Augmented threat intelligence Bundled with a global IP threat database and STIX/TAXII feed processor to detect any malicious inbound or outbound traffic. Comprehensive log manag... read more about ManageEngine EventLog Analyzer
- 46A complete suite of IAM and IT compliance solutions
AD360 is an integrated identity and access management (IAM) solution for managing user identities, governing access to resources, enforcing security, and ensuring compliance. From user provisioning, self-service password management, and Active Directory change monitoring, to single sign-on (SSO) for enterprise applications, AD360 helps you perform all your IAM tasks with a simple, easy-to-use inte... read more about ManageEngine AD360Visit website60 DaysContact Vendor
- 47One-stop solution to all Log Management and Active Directory Auditing
Log360 is a one-stop solution for all your log management and network security challenges. This tightly-integrated solution combines the capabilities of ADAudit Plus, EventLog Analyzer, O365 Manager Plus, Exchange Reporter Plus, and Cloud Security Plus. With a versatile combination like this, you'll gain complete control over your network; you'll be able to audit Active Directory changes, network ... read more about ManageEngine Log360
- 48Reports and exports for Asana, Trello, and Basecamp.
Reporting tool for Asana, Trello, Basecamp, and Aceproject user. Bridge24 provides enhanced reporting and exporting capabilities for those project management software. With a variety of views, filters, advanced reports, interactive charts and exporting tools, users are able to access, organize and extract valuable information from their data.... read more about Bridge24Visit website7 Days$6.75/Month
- 49All your project work in one place.
Nifty automates project updates and resource insights with dynamic task management. Track project milestones, communicate with teammates and clients, create collaborative documents, and more in our centralized workspace! Maintain organizational oversight across your projects and teammates with project & team overviews. With the best of communication, project management, and workflow collaboration ... read more about NiftyVisit website14 Days$39/Month
- 50Data Stories for non-technicals
Data Stories for non-technicals. Get simple answers to fundamental questions. Toucan is the market leader in communicating insights to non-technical business decision-makers. We empower them with simple but comprehensive reporting, data visualization and data analysis applications meant for all your employees. Use our platform to easily design and deploy an impactful data application as a team. Wi... read more about Toucan Toco
- Buyer’s Guide to Reporting Software
- What is a Report?
- What are the different types of reports?
- What is the importance of reporting in business?
- What is Reporting Software?
- How does Reporting Software Work?
- Why do businesses need Reporting Software?
- What are some of the Features of reporting software?
- What are the Advantages of Reporting Systems?
- What are the disadvantages of not implementing reporting Software?
- How can businesses improve productivity with reporting software?
- What is the average price of reporting software?
- What are the factors to consider before buying a reporting software?
- How to choose a reporting software for your business?
- Why consider Goodfirms' list of top reporting software?
Buyer’s Guide to Reporting Software
Reports are incredibly important in the day-to-day functioning of any enterprise or unit. Whether made in detail or summarization of events, reports form the basis for crucial decision making and action.
They are utilized by a variety of institutions and industries, from - medical and software to national security establishments.
Reporting software has gained prominence and followers with its ability to automate report production, accurate analytics tools, and multi-platform uniformity.
The buyer's guide detailing the reporting software elucidates the features and advantages to potential buyers of these digital tools, helping them choose the right fit for their business.
What is a Report?
- A report is a set of information furnished regarding a topic in a particular format as decided.
- A report’s information is presented with due importance given to its granularity and analysis, often decided by a guiding authority. A report suggests courses of action and expected results.
- Reports deliver key insights to personnel, irrespective of designation, within an organization, keeping in mind the specific or general purposes they are generated for.
- Reports are presented in written formats though, oral reports are not uncommon.
What are the different types of reports?
Reports are of various types as detailed below –
- Formal and Informal reports – Formal reports espouse a certain structure and language. The information conveyed is very detailed, often presented to persons of significant authority. Informal reports are produced with casual language and with a lack of high detailing in their presentation.
- Short and Long Reports – Short reports are usually one-pagers with a focus on summary than significant details. Long reports are generally far more detailed and thus have no page limit on their presentation. Long reports are usually formal.
- Informational and Analytical reports – When it comes to publishing several aspects of an entity, presenting an overall view of data is necessary. We call it an informational report. For e.g., Annual Reports. Analytical reports usually focus on a particular element or aspect of the entity, with in-depth data insights. (E.g., Workflow reports).
- Proposal Reports – Better known as Request For Proposal (RFP) in business lingo, proposal reports explain how one organization may fulfill the business goals of another, through adequate use of resources and cooperation. E.g., Governments issuing RFPs.
- Vertical Reports and Lateral Reports – Vertical reports foster management coordination by traveling up and down a hierarchy. E.g., division performance reports. Lateral reports usually contain information necessary for inter-departmental cooperation. E.g., Status of a commonly shared IT resource.
- Internal and External Reports - Internal reports are distributed to personnel within an organization only. E.g., Employee appraisal reports. External reports contain facts that are to be distributed to recipients outside the organization, e.g., Annual reports.
- Periodic Reports – Just as the name suggests, periodic reports are formal and maintain a set structure, which contains information that needs to be presented over a specific time repeatedly. E.g., Economic performance of a company presented quarterly.
- Functional reports – These reports consist of data relevant to a particular function, for which they are used. E.g., Marketing and Sales Reports, etc. Functional reports are classified as –
- Pre-printed forms
What is the importance of reporting in business?
Business reports carry crucial information about the health and facets of the organization. Some of their critical contributions can be listed as follows –
Performance Improvement - Business reports present an overall and/or detailed view of the organization’s performance. These reports are compared to previous editions or set objectives. Any inefficiency identified is quickly resolved.
Planning – Reports can point business in the way forward. Analyzing reports can help firms identify and outline the strategy in the New Year. E.g., Financial reports will help companies decide on a take-over or cash dividends, etc.
Compliance and control – Ensuring business follow correct protocol in all their activities, ranging from financial to environmental issues. Business reports guarantee quick decision making in course correction.
Cost reduction – Reports help to benchmark costs incurred over specific periods and ensure streamlining of performances to meet financial goals.
Stakeholder Management – Reports aid stakeholders in understanding the health of business and operations. These reports also play a pivotal role in estimating the value of the firm. These inputs to important decisions ensure businesses remain profitable.
Influencing Investors – Whether it be determining the stock price or the amount of funding to a startup, reports dominate investor sentiments, playing a pivotal part in the projection of the firm.
Business Intelligence - Reports help businesses map competition. They also help reveal market trends, patterns, and unaddressed needs, which present themselves as unchartered opportunities.
What is Reporting Software?
Reporting Software automates the entire process of report generation. Collating and compiling data from a central database or from multiple sources (as required), the software makes it possible to represent complex information in multiple and insightful formats for a variety of purposes. This includes analytical as well as general publishing reports.
Reporting tools reduce the manual element in report synthesis, making the process faster and highly accurate. This increases overall efficiency. Reporting systems now also make use of revolutionary techniques such as Artificial Intelligence-based as well as geo-location-based reporting.
A combination of business intelligence and visualization techniques have increased the patronage of Reporting Software.
Visualization ensures reports can be presented in multiple formats - or a mixture of them - and not text-only. These make reports beautiful and exciting to parse through.
Reports can be made on an ad-hoc basis using real-time data or can be spread over periods as specified by the user. A majority of report generator software today are online reporting tools.
How does Reporting Software Work?
Despite the complexities involved in their implementation and functioning, Reporting Software readies reports in just a few steps.
With advanced data-linking techniques, the reporting software is initially “paired” with single or multiple databases as per demands.
The databases and warehouses contain “raw data”, which must be processed by the online reporting software.
Every reporting system has an interface, which executes a set of functions, as per the decision of the user. The function or set of functions requested by the user is called a “query”.
Once a query is an input, the reporting tool scans multiple databases online. It tries to match the queries provided by the user to the exact dataset(s).
Once the raw data is found, the data is extracted by the online reporting system and presented to the user on the interface, in the format specified. This can be charts, tables, and other visualizations.
Why do businesses need Reporting Software?
Reporting usually presents information that is vital to an organization’s functioning. Reporting software, therefore, is necessary for the following reasons.
Time Efficient – Manual reports are time-consuming and consist of flaws which may run undetected. Reporting software rapidly reduces the time taken to query and publish the reports and is incredibly accurate, aiding business decision making.
Course correction – With data extracted from multiple sources and represented cohesively, the organization has a detailed view of their functioning, from multiple perspectives. They can be used to ensure the business remains nimble in different scenarios.
Compliance – Reports published on reporting platforms usually have a high level of granularity in them, which can highlight deviations from standard operating procedures. Investigation of the causes of the deviations is conducted to ensure businesses remain in the ambit of financial, environmental and other regulations.
Business Intelligence – Online reporting can help depict industry as well as organization-specific data from reliable sources. Businesses then derive decisions by re-engineering these reports, based on multiple market scenarios.
Maintaining Financial Fluidity – Financial reporting software helps businesses stay abreast of several financial ratios, cash burn equations as well as remittances and payments that the firm must maintain for smooth operation.
Security - Ensuring select users may attain access to sensitive data and dashboards.
What are some of the Features of reporting software?
Presentation – Online reporting tools can visually present data in multiple forms for enhanced analysis. These are not limited to bar graphs, charts, line graphs, etc., but also other visual formats.
Automation – This feature is useful when reports need to be generated within certain periodic intervals on when an event is triggered. Reporting systems also publish reports after completing complex operations on data, without human intervention, thereby increasing business efficiency.
Dashboards – Every Reporting platform has dashboards set up to ensure data granularity for key performance indicators (KPIs). They track and analyze data to specify variations, while ensuring the business remains in the best of health. Data dashboards are customizable and dependent on the user.
Analytics Engine - With such a large amount of data to trawl through, it is obvious most online reporting software arrives with a pre-installed analytics engine. These custom engines help drill down to the most granular pieces of data to arrive at suitable conclusions regarding multiple business division decisions.
Reporting APIs – Reports are required on-the-go. APIs provide web applications with the capability to produce reports using various platform features, on various aspects, with consistency.
Third-party app integration – All reporting tools now have integrations of external applications to help perform additional functions. E.g., Statistical tools are now integrated with reporting platforms.
User Management – With a focus on security, online reporting systems only allow select personnel from an organization or department to view sensitive and business defining reports or dashboards.
Report Sharing – Whether by mail or intra-organizational chat services, most online reporting software help in the rapid sharing of data by converting reports into pdf or word documents that are sent to addressees. It can also be printed with functions on the toolbar so that a hard copy is available to read.
Report Editing features – Users can edit fields within reports, even after report generation, and include only those fields necessary for decision making. The tools to enable the same are present within the software and don’t need third-party integration.
Alerts and Notifications – Online reporting software generates an alert every time a report is published, and when it is shared.
What are the Advantages of Reporting Systems?
Quick and Easy data retrieval – Online reporting tools are fast with data retrieval, processing, and display. This helps users spend more time in analysis and decision making.
Data accuracy – With no data loss in processes or incorrect functions performed - as was the case with manual reports - reporting tools set the bar high for data accuracy.
Data Granularity – Online reporting software can extract, process and present data with as much detail as required, fulfilling deep-diving requirements. Analysts can drill-down to minute details, ensuring accurate decisions.
Data Management and Security – Reporting systems ensure sanctity is maintained in the databases which it operates on. Rules for data manipulation are strictly defined such that no operation may be allowed to completely change the structure of the database or the fields within.
Similarly, access to specific data is protected against unauthorized access. Alerts prevent theft by promptly informing security personnel of possible breaches.
Visualizations – Data presented in visual formats, and not just text alone, helps those. Visualizations present data from different perspectives, using different parameters, functions and rule sets - bringing forth details generally missed in the plain analysis.
Integrations and add-ons – Numerous third-party applications, or in-house add-ons, help reporting software execute a variety of functions. Be it enhanced security, analytical tools or multiple formats for reports, the integrations are very helpful
Platform independence – Reporting software can be used on multiple operating systems, irrespective of the platform being Android, iOS or Windows. Its multi-platform usability is an asset.
What are the disadvantages of not implementing reporting Software?
Inefficient manual reports – Manual reporting is time-consuming, prone to human errors, and does not generate enough in-sight for business to ensure accurate decision making. This robs businesses of competitive insight.
Lack of Business Intelligence – Reporting tools enable business intelligence. Their absence severely decapitates businesses. Progressive business development decisions and other key industry insights are aspects that become severely limited.
Data Plurality Problems – An online reporting system can fetch data from multiple sources instantly. Comparing that to manual reporting, the scope, scale, and depth of data extracted are exhaustive. Not implementing reporting software can lead to businesses becoming stagnant.
Visualization impediments – Visualizations bring out patterns, aspects, and discrepancies in decision making and business operations that organizations may miss otherwise. The absence of this capability, prevalent in reporting systems, may stunt business growth.
Automation deficiencies – Reporting software enables automation of reports, which saves time and improves the efficiency of those in charge of decision analysis and strategy. Forgoing the software increases the load on human personnel, thereby increasing inefficiency.
Lack of inter-departmental coordination – Reporting software generates reports which are easily distributable between divisions for their analysis. A common reporting format, sharing capability and dashboard analysis helps departments in coming to a common strategy to increase business efficiency.
How can businesses improve productivity with reporting software?
Online reporting tools have taken the stress off manual reporting. With features such as automated reports and in-depth analytical capabilities, managers and dashboard analysts can focus on strategies to implement data insight to better use for the organization.
This leads to productivity improvements. Likewise, different business divisions can focus on a common source of data insights generated by reporting software. The common and easily shareable reports generated facilitate inter-departmental cooperation, which increases overall business cohesion and efficiency.
Functional reporting software such as financial reporting software, marketing, and sales reporting systems, etc., make it easy for division-specific business decisions when necessary. These reports can then be shared/analyzed by concerned authority instead of collating single reports and pouring over them, decreasing efficiency.
Reporting software solves all prevalent problems of manual reports, especially in cases where quick retrieval and visualization of data is necessary.
What is the average price of reporting software?
The cost of reporting systems varies on the size of the business. Greater the number of operations that require business reporting, the greater is the need to set up accounts and costs incurred.
Price also depends on the kind of reporting software demand – E.g., a Marketing reporting software or a financial reporting software, alongside the integrations.
Prices also depend on the type of plans utilized by organizations. Whether it is a free version followed by additional paid features or a premium version, prices depend on company chosen products.
Several free and open-source online reporting systems are present in the market, such as Eclipse BIRT and JSReport. Databox allows users to begin with a free version with basic functionalities. Staggered pricing levels based on additional functionalities demanded are provided. LogicMonitor functions on a quotation price system, after analyzing business needs and requirements.
SharePoint Manager Plus by Manage Plus charges a premium of $945 per user per year.
What are the factors to consider before buying a reporting software?
Price – The reporting software must be affordable for the organization to deploy, especially when there is a necessity to renew subscriptions and employ unique features.
Support – Customer support is crucial when it comes to complex software implementation. Whether it is a simple installation or training of advanced features, necessary support must be forthcoming from the reporting software company.
Features – Besides common reporting functionalities, reporting software should have additional features. Extra analytical tools and functions, report conversions, database extraction parameters, etc., are some of the most important features reporting systems must espouse.
Data Visualization formats – Online reporting systems must be able to represent data in a multitude of formats. These visualizations are what separate reporting tools from reporting tools like Microsoft Excel. These visualizations aid businesses in assessing problems from different angles, converging in an umbrella solution.
Data Security – Data protection is a vital aspect of reporting software considering the swathes of data accessed by it. Security personnel must ensure that the right security protocols will be implemented in place to prevent unauthorized access and theft from online databases.
User Interface – The online reporting software must have a decluttered and easy to maneuver interface that facilitates quick learning and usability. Simplification of report display and other necessary features must be easy to navigate to on the interface, with all necessary information dashboards displayed as well.
How to choose a reporting software for your business?
Reporting software for your firm must depend, firstly, on the size of your organization. If you are a multi-national company with many business streams, it makes sense to purchase and implement reporting software on a large scale.
Smaller firms need not require the same brass of reporting software used in big firms. They can make do with specific analysis requirements and features but not on the scale of bigger firms.
A similar train of thought specifies the future growth of the organization determines the scale of reporting systems purchased. The higher the ceiling of growth, the faster your enterprise clocks revenue and market share growth – the more detailed your reporting function must be.
This leads us to our second point- budget. Budgetary restrictions play a key role in determining your online reporting tools capabilities.
Thirdly, you need to decide upon the function for which the online dashboard is needed. Reporting tools for marketers will have marketing specific reporting capabilities included. Similarly, sales reporting tools have functionalities to process data specifically related to sales. So understanding the needs of different parts of the business concerning reporting software must be a priority.
Lastly, it is important to understand if your present hardware configurations can match those of the system requirements specified by the reporting system’s requirements.
Age and version of the operating system, database resources, etc., must be considered.
It is also important to consult key Information Technology and administrative staff on the purchase decision.
Why consider Goodfirms' list of top reporting software?
Goodfirms has pioneered to present probable buyers of reporting software a rigorously researched, exhaustive, and demand a fulfilling list of reporting tools. Prospective buyers should ensure they consider all possible factors before finalizing reporting software.
By listing down the features, benefits as well as cost structures of many reporting software, Goodfirms has sought to reveal some of the best free and open-source, subscription-based, freemium as well as premium online reporting systems.
Goodfirms’s tranche of information for those seeking a great set of options for their reporting needs, based on their size of business and capabilities, is second to none.
The decision to buy the correct online reporting software depends on a business’s size and scope and the budget. Generally, users consider features of the software, life-time of expected use, customer support, etc., before finalizing a purchase.
Goodfirms presents prospective users with a chance to compare and contrast different reporting tools, based on specification, to finalize a set of options for further testing.
Feel free to peruse through Goodfirms’ dedicated software pages and visit vendor sites for further information.