How does Power BI ensure ROI?

• June 15, 2023
• Posted by: piyush.gupta@prudencesoftech.in
• Category: ERP

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In today’s world, businesses have matured and have started evaluating employee performance. These performances are linked to goals which are subdivided into tasks. These tasks should always have time and result dimensions apart from description. Precision is important to define every activity considering how motivated an individual is to achieve perfection. When an enterprise purchases any system the core objectives are having a process oriented, integrated and consolidated system. But the effectiveness of the whole program can be measured by output. There is a very nice and old saying. 

Also Read : Upgrade to dynamics 365 Business Central

“In God we trust, all others must bring data.” – W. Edwards Deming  

Core objective of ERP is to bring financial centric and process discipline in the organization. Once the same has been implemented, data will be entered in a structured process and duplication of work is eliminated. Moreover, systems like Oracle and Microsoft Dynamics 365 provide a secured and role centric environment where users have accessibility to the assigned task towards their roles. These all factors contribute to intangible ROI as one cannot measure the same. In my 16 years of consulting business, I have seen large to small corporates still struggling to get desired reports from their well implemented ERP systems. 

Now, it’s a catch nine situation. Despite spending a good amount on ERP implementation i.e. direct cost paid to vendors and indirect cost like utilization of employees time organizations are unable to get the ROI from the ERP systems. Below are few reasons which come impromptu: 

1. Limited reports in contract and majorly consumed in documentation report 
2. Fixed format reports which need constant modification but are left due to additional efforts 
3. Sometime detail analysis reports exported to excel and then analysis being prepared on new reports 
4. Resources required to collect the data and compile in the presentable format to the management 
5. Management themselves get involved every time to organize and format the report. 
6. Time spent on formatting is greater than analyzing for decision making 
7. Impacting the growth of the organization. 

I am sure you are able to corelate these scenarios. Here the importance of analytical tools like Power BI which are quite popular play an important role. Hence a properly implemented Power BI system ensures 

• Save time of Users, and management
• Consolidated learning 
• Zero repetition of work 
• Zero time in data preparation 
• Available numbers for decision making 
• Focus on non-performing areas 
• Focus on Expansion and Growth of organization

Let’s refer to the dashboard below:

As a C-Level finance executive or CEO, I know my organization’s performance in real time on a single click.

Similarly other functions can avail information on real time.  Thereby if you are really looking at return on the investments on your systems, it’s the analytical tool which ensures ROI and growth of the organization