Report automation is very important, and we cannot stress that much more.
Speed is of the essence when it comes to running a successful and productive business. One of the most powerful steps you can take to make your team more efficient is to automate the reporting process.
What is report automation? Why is it a good option for your company, especially as you strive to become a more data-driven organization?
Learn more about report automation and how it affects business intelligence processes below.
What Is Report Automation?
Reporting automation involves automatically generating and sharing specific information to select people at pre-determined time intervals.
Automated reports often include information related to key performance indicators, finances, and other time-sensitive matters. However, they can cover virtually any topic, depending on their target audience.
What Is Business Intelligence?
The term “business intelligence” (or BI) refers to the strategies and technologies that organizations use to analyze business information and convert it into actionable insights that help them make more intelligent and more strategic business decisions.
A variety of BI tools can be used to access and analyze data and produce findings in reports, dashboards, graphs, charts, and more.
How Does Report Automation Affect Business Intelligence?
If you’re on a mission to make more informed, data-driven decisions at your organization, business intelligence solutions can play an important role. Report automation can also contribute to these efforts and help you get more out of your business intelligence strategy.
The following are some examples of how report automation and BI can work together to produce better results:
Increased Accuracy and Reliability in Report Automation
Report automation helps to reduce the risk of human error. Even the most skilled team members can make mistakes during manual reporting processes.
By minimizing errors, organizations that rely on report automation can increase the accuracy and reliability of their data. As a result, they can trust that they’re using the most precise information when working with other business intelligence tools.
Automation in virtually any aspect of your business -- including the reporting process -- will lead to increased efficiency and make it easier for team members to meet critical deadlines.
With the help of report automation, you and your staff can work more quickly and get more done in less time -- without worrying about sacrificing accuracy or report quality.
Access to Real-Time Insights
Because automated report allows employees to work more efficiently, it’s easier for them to produce detailed reports that contain the most relevant data.
When executives, clients, vendors, and potential business partners have access to real-time insights, it’s easier for them to make decisions that are in the company’s best interests.
When you use report automation as part of your business intelligence strategy, you can produce detailed, high-quality reports more consistently.
Consistent, quality reporting helps you and your staff ensure you continuously meet deadlines, are prepared for meetings, and are working with the most accurate and up-to-date information.
Consistency helps you catch potential errors or issues sooner, too, which allows you to make corrections sooner and avoid substantial delays, frustration, and poor decision-making.
Over time, working more efficiently and consistently providing quality reports to stakeholders can help your organization save money and increase profitability.
When stakeholders can work with timely reports and have access to up-to-date data, they can make better decisions for the company. These decisions, in turn, can make the company generate higher revenues and perform better now and in the future.
Another one of the most significant benefits of automated reporting is that it can help businesses gain greater control over their data and their data management processes.
Greater control makes it easier for you to stay compliant with the latest industry regulations and standards.
Automated reporting is especially helpful when it comes to making sure your business abides by compliance requirements related to regular reporting. By making it easier to produce regular reports (and make sure those reports contain accurate and up-to-date data), report automation helps your company keep up with the latest regulations and requirements.
BI-driven automation can also help businesses improve compliance by centralizing essential data and creating transparent “paper” trails for financial transactions, communications, and more.
Improved Customer/Client Satisfaction
Report automation isn’t just good for stakeholders and team members at your organization. It also benefits potential customers or clients.
Customers and clients also rely on up-to-date information and want to make data-driven decisions.
When you can quickly provide them with reports containing real-time insights, you help them make decisions faster and feel more confident in their decision to work with your business.
An increase in customer or client satisfaction ratings can lead to a better reputation for your company as well.
Suppose customers appreciate your thorough reporting (and the efficiency with which you deliver your reports). In that case, they’ll be more inclined to refer others to your organization in the future, helping you grow and succeed long-term.
How Can Yurbi Help in Report Automation?
It's only fitting to spotlight the transformative capabilities of Yurbi's features designed to assist in this exact area.
Yurbi's features play pivotal roles in advancing report automation. The Report Scheduler automates report dispatches and notifications, while Real-Time Database Queries ensure you're working with live data, eliminating stale or outdated information.
Display Mode offers automatic data refreshing in communal areas, keeping everyone in sync. Lastly, Yurbi's Robust API enables secure integration of live database feeds into other processes, automating actions across tools and platforms.
In an era where data is king, Yurbi provides the necessary tools for effective report automation, keeping you ahead in business intelligence management.
Experience firsthand how Yurbi can transform your report automation processes and empower your business intelligence.