Organizations use tons of different software applications, for example, ERP, CRM, and Finance frameworks to maintain their business smoothly. These applications produce information that, whenever accessed, provides important understanding into business execution. However, accessing information and reporting from frequently complex frameworks, like Microsoft Dynamics, Sage, Salesforce, and SAP Business One, can be troublesome and time-consuming. At times, to such an extent that it isn’t even sought in any way. Here are the key points on how a data warehouse can improve financial and operational reporting. https://www.datatobiz.com/blog/data-warehouse-improves-business-reporting/

1. 7 Insanely Useful Ways
How Data Warehouse
Can Improve Your
Business Reporting

2. A data warehouse collects and stores data, very similar to how
we save our documents and photos on the cloud. Having a
location to store or keep data makes it extremely easy to use for
all, providing insights and reporting on a large scale.
The database collects constructed data from the entire
organization, pulls it together from different sources, and
organizes and aggregates data for effective comparison and
analytics.
Data Warehouse maintains a strict processing ETL (Extract,
Transform, Load), a process to load data in batches and
transfer it into an appropriate structure.
What Is a Data Warehouse?

3. Ways How Data Warehouse
Improves Business Reporting

4. Businesses these days do not rely on one application in order
to solve their numerous objectives. While one data source
collects information on its own, like ERP or CRM, other lines of
business applications like Excel, CSV, etc., are created by
users based on specific formats of exchanging information.
Utilizing the ETL process to convert different data sources,
that are structured or framed in discrete ways, into one
familiar constructed format allows to draft reports from
multiple data sources. For example, now it is possible to
create one unified report that includes marketing analytics to
online sales records.
Report From More Than One Source at the Same
Time

5. Comparing historical data with the latest trends that change
over tweets is impossible to keep up with. While a data
warehouse stores historic data it becomes completely
effortless to carry pace with trend reporting.
With data warehouses businesses can step up their analytics
and reporting game with an all-time overview as they are
now free from, only a current view option, making it easier to
show how the data has evolved over time.
Enables Historical Reporting and Trend Analysis
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6. ETL data orchestration makes it an easy job to draft or produce
business reports swiftly. With manual tasks being erased from
different steps, reports produced with data warehouses present
almost zero human errors. Moreover, they save time in finding and
accessing data from different systems.
With a data warehouse, businesses can update and refresh the data
from all business systems regularly leading to scheduled and
improvised reports with accurate numbers.
Saves Time & Reduces Errors

7. Data warehouse provides access to different information
from multiple sources on one particular platform, managers,
executives, and decision-makers no longer need to depend
on limited data or their intuition for making business
decisions. Also, data warehouses can be easily applied to
various business processes, from financial management to
inventory organizing and market segmentation.
Enhanced Business Intelligence

8. Data is the new diamond, referring to the value of data in
today’s world.
Accurate data can lead businesses to significant revenue
gains and building quality data in the most structured format
with a data warehouse can lead to better work decisions.
Turning these data-led decisions to create strategies can
further result in a higher return on investments across different
sectors of business strengthening the organization.
In simple words, data warehousing is an investment rather
than a closing cost on maintenance.
Generates Return on Investment

9. Numerous advances have enhanced the security benefits in
the data warehouse. With creating and storing data from
different wide sources for business growth, maintaining its
safe security was one great concern. Advance improvements
in techniques that block malicious SQL code and encrypted
columns have led to improved security in maintaining
confidential data.
Data Security

10. Continuous business intelligence queries have become a
routine part of businesses in today’s world, putting indefinite
strain on analytics foundations from databases to data
marts. A good data warehouse can efficiently manage
queries eliminating several pressures from the system.
Higher Query Performance & Insight

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improves-business-reporting/
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