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Solver Global

Cloud CPM and Power BI for Dynamics ERP

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This article discusses the benefits of joining the power of cloud corporate performance management (CPM) and Microsoft Power BI for a true solution with Dynamics ERPs.

You can’t deny the eminence of Microsoft’s Power BI in the Business Intelligence (BI) world. It is THE current software of enterprise technology. Power BI has been incorporated into many companies’ portfolio of systems. And it make total sense: executives aren’t the only ones wanting data visualizations, but across an organization, employees working with information at every level can access analytics easily and quickly regarding the health of the company. While dashboard solutions are used for data trends in working toward the end of a fiscal year, the accounting and finance team, as well as anyone working on a budget for the organization needs something different, specifically analytics that provide more in-depth, professionally formatted reporting and budgeting functionality.

Modern corporate performance management (CPM) tools are great for preparing high quality financial reporting, budgeting, forecasting, and consolidations, but usually, advanced visualizations are best delivered by applications that specialize in that area. That’s where Microsoft’s Power BI comes in.

Modern CPM vendors that are “Microsoft-friendly,” like Solver and its BI360 solution, provide integrations to Power BI. This is great because the CPM tool enables advanced financial reports and can create budgets and forecasts, while Power BI offers in-depth analysis and dashboards. This is beneficial for customers using Microsoft Dynamics ERP systems and Power BI because a cloud CPM product like BI360 assists complete customer demands.

You may be asking yourself “what’s the point of discussing supplementing or pairing product offering that serve different purposes?” While different purposes are being addressed, it is not a complete picture of the enterprise technology toolbox that modern organizations depend on for enterprise performance management. Also each company is crafting a customized best-of-breed enterprise technology solution portfolio for gathering and making sense of data with the goal of making business decisions. Thirdly, whether you are using an on-premises version of Microsoft Dynamics or the cloud offering, the cloud is becoming the norm for technology platforms in the enterprise software space. This disruption brings with it a shift for companies, but how do you go about handling the connection and make use of all the various data sources in an effective, but decision-informing way?

To read more about Cloud CPM and Power BI for Microsoft Dynamics ERPs, click here.

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