Treasury reporting & Microsoft Power BI. Possible?
You bet! Power BI is Microsoft’s ultimate declaration of war on so-called business intelligence products, i.e. those products which are generally referred to as ‘report generators’. For many years, Microsoft paid little attention to this issue. None of its earlier solutions, some of which have already disappeared from the market, were really market-ready and usable by anyone without in-depth technical knowledge and SQL skills. Power BI is now a product worth taking seriously and one which is being further developed, in part based on direct communication with users. We also didn’t think it was possible, but it seems that Microsoft is actually listening. Microsoft is currently going through major upheavals. Power BI, however, is one of the signs that it is now heading in the right direction.
Power BI allows you to directly access databases and to create your own reports based on data exports from your own systems. To highlight what this could look like in practice, we have put together two examples of reports which also demonstrate one of the most impressive features: These reports can be opened in your browser. You don’t need to install anything and yet you still have the full range of interactive features at your fingertips, whether on a desktop PC, a tablet or on your smart device. In contrast to other similar systems, Power BI is really easy to use and therefore also perfectly dovetails with TFM (www.tfm-now.com), our cash reporting and cash flow forecasting solution.
Click on the following links to access the reports (prepared on the basis of TFM data). These user-ready reports were created from a blank spreadsheet in just a few minutes.
If you want to find out more about Power BI and how it can support you in your day-to-day work, please get in touch with us or register for one of the webinars in which, among other aspects, we also present solutions based on Power BI.