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 SoftwareFilter
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 datapine
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 Tableau
Bitrix24 - is an initiative of Bitrix, Inc., a privately-owned company owned and managed by its founders. The Bitrix24 service is the final evolutionary stage of Bitrix Intranet and Extranet solutions (Bitrix, Inc. products) and was launched as a beta cloud-based service in April 2012. Bitrix takes pride in serving customers ranging from Fortune 500 companies to small organizations, including well... read more about Bitrix24
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 Koinly
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 Klipfolio
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 Vitals
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 Mode
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 DBxtra
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 Argos
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 Tapclicks
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 Datadog
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 Logicmonitor
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
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
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
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
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
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
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
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
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 ReportWa
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
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
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 Plus
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
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
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 AD360
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
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 Bridge24
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
Digital marketing agencies and businesses use Whatagraph to save time and present analytics data in a way their clients and teams can easily understand. Use visual reports to help you track and understand the data behind your website, e-commerce site, and digital campaign performance. Set up automated report delivery to selected email recipients, so everyone is up-to-date with the latest data. Cre... read more about Whatagraph
White-label reputation management software for your clients and multi-location brands. We pioneered online reputation management software for agencies. Since 2008, we’ve helped 2+ million businesses manage billions of customer reviews, mentions, and online listings. ... read more about Vendasta
Helping organizations grow and gain complete insight into their business Solver, Inc. is redefining the category of cloud-based reporting and planning. The Solver solution is built to enable faster and better business decisions across the entire organization. Solver combines financial and other key data into a single tool, powered by the most flexible report and planning form designer on the mark... read more about Solver Suite
Tercept Unified Analytics automatically aggregates, normalizes & organizes all monetization data and all marketing data into a single dashboard with powerful visualization & charting capabilities. Analytics teams can setup data transformations & create custom reports that combine/map data across data sources. They can also automatically send data into visualization dashboards (Tableau, Looker, Goo... read more about Tercept Unified Analytics
Telerik Reporting is a complete, lightweight, easy-to-use and powerful .NET embedded reporting solution for web and desktop applications that supports: ASP.NET Core, Blazor, ASP.NET MVC, ASP.NET AJAX, HTML5, Angular, React, Vue, WPF, WinForms. With Reporting tool any developer or reporting user will be able to create, style, view and export rich, interactive and reusable reports to attractively an... read more about Telerik Reporting
Reportz is an intuitive, white-label, client-reporting and data tracking tool created for marketers by marketers with the purpose of reducing the stressful and time-consuming client reporting process to mere minutes and clicks. Reportz users can make automated, real-time, informative, metrics-packed reports in the form of fully customizable dashboards and widgets. Set the KPIs once and let our too... read more about Reportz
IntentBI is a product designed keeping the Business user in mind. Business users always have to depend on Report Developers or Data Analysts for decision making and building reports and dashboards. Owing to the complexity of the Business Intelligence tools and platforms available in the market, analysts take days to build reports and dashboards which often has an impact on Data-driven decision mak... read more about IntentBI
Sapience Vue is our automated Knowledge Workforce Activity Monitoring & Analytics solution that accurately captures effort data in a contactless manner and provides actionable insights for fact-based decision making by keeping employee privacy at its core. Vue is a SaaS-based solution-built ground up with latest technology stack and top of the line security.... read more about Sapience Vue
CALUMO gives you everything you need to combine performance data and deliver insights that matter. It’s designed for finance people and the teams that rely on them, with a range of features that will drive greater efficiency, collaboration and productivity across your organisation. Our all-in-one solution automates your everyday, high-risk and high-value tasks, so you can focus on your team and ... read more about CALUMO
Our restaurant software makes business intelligence simple. Our mission is to make it nearly-effortless for you and your team to find, understand, and act on key business intelligence, without ever worrying about technology issues again. Our restaurant software keeps things simple for you in 3 unique ways: We’ll consolidate and manage all your data, integrating with any technology you have now ... read more about Delaget
Teksouth is large and sophisticated enough to deliver enterprise-class solutions, yet nimble enough to cost-effectively serve organizations with smaller requirements. Teksouth is uncomplicated and unpretentious, yet we recognize the tremendous responsibility our customers have placed in us to help them meet their needs and goals. Teksouth is a mature and trusted vendor with a long track record of ... read more about EntelliFusion
QUASR is an online incident management solution for the healthcare domain. QUASR implements a standardized incident management flow prevalent in the hospitals in South-east Asia. QUASR is designed to improve stakeholder communication and is intended to be a knowledge management system for incidents. We offer fully customizable enterprise solutions as well as out-of-the-box solutions to suit your o... read more about Quasr
Self-service & full-service solutions that automate certificate of insurance or proof of insurance renewals, eliminate manual data entry, & help ensure compliance. SmartCompliance is a certificate of insurance tracking and compliance management software for brokers, insurance consultants and risk managers. Our easy-to-use certificate tracking software helps insurance professionals streamline their... read more about SmartCompliance
- 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.