Data reporting in Microsoft Dynamics 365 Business Central gives businesses the ability to capture meaningful insights, allowing them to make well-informed, strategic decisions. To understand how Business Central’s reporting capabilities can benefit your business, it’s helpful first to explore why data reporting is crucial for small businesses.
Why is Data Reporting Essential in Business?
Businesses handle a vast array of data daily, and decision-makers at all levels need timely access to the correct information. Effective data reporting ensures decision-makers receive what they need when needed, allowing for data-driven decisions that drive positive outcomes.
Data reporting impacts all departments by giving employees access to precise, up-to-date information. For example, in Business Central’s ERP, financial reporting lets the finance team track real-time transactions, expenses, and profits. Similarly, inventory management teams benefit from access to stock levels, overstock issues, and stockout risks, allowing them to keep operations efficient.
At a senior level, executives like CFOs, CMOs, and CEOs need detailed insights into various functions to identify opportunities for improvement and make strategic choices. Business Central’s robust reporting system makes large data sets accessible and digestible, improving overall decision-making across the business.
Reporting Capabilities in Business Central
Business Central’s seamless, customisable reporting enables businesses to generate insights quickly and efficiently. With Microsoft Dynamics 365 Business Central, you can connect multiple data sources, consolidating data into centralised, insightful reports. These reports are invaluable to decision-makers and greatly enhance data visibility across the organisation.
How to Use Reports for Decision-Making
Reports are essential tools for transforming data into actionable insights that drive growth. When data is presented as a report, it’s easier to organise and analyse according to specific needs. For example, you might create reports to track customers who generate recurring business, allowing you to design targeted offers to enhance customer loyalty.
Inventory reports can show current stock levels in real-time, highlighting items that may run low. Customised reports provide even more granular insights, such as analysing inventory by product type to improve stock management.
Creating a Report in Business Central
Creating a report in Business Central is straightforward:
Select an operation or process you’d like to create a report on.
Design your dataset by gathering the relevant information from the Business Central database.
Choose a report layout based on your requirements:
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- WRL (Word Report Layout): Ideal for document-style reports.
- ERL (Excel Report Layout): Suitable for analytical reports.
- RDL (Report Definition Language): A flexible option for various report types.
Once the dataset is ready, you can design and generate the report based on your chosen layout.
Advanced Reporting with Power BI
Integrating Business Central with Power BI provides advanced data analysis and visualisation for businesses with complex reporting requirements. Power BI Pro enables users to access sophisticated reporting tools directly within Business Central using the Microsoft Dynamics 365 ecosystem.
How Neuways Can Help You with Reporting in Business Central
Neuways offers expert solutions for implementing and enhancing Business Central’s reporting features. Our team can work with you to design and customise reports that meet your unique needs, integrate Power BI for advanced analytics, and provide ongoing support to ensure your reporting framework is practical and future-ready.
Partnering with Neuways is about more than just implementation; we prioritise improving your decision-making process by delivering high-quality data insights, better visualisation, and advanced analytics. Our approach is focused on your business objectives, helping you make informed decisions that lead to better performance, increased productivity, and sustainable growth.
Choose Neuways to transform your business, not just your business system
Let Neuways support your business in leveraging Business Central’s robust reporting capabilities, allowing you to capture valuable insights, streamline your operations, and drive success.
Choose Neuways – Contact us today via phone on 01283 753333 or email us at hello@neuways.com.
