Enhance Data Value with Power BI & Business Central Integration
Today we take a look at the top benefits of adopting Dynamics 365 Business Central and Power BI and how the two solutions will help you transform how you use your organisational data.
Poor data quality and availability can result in up to 30% of company time being spent on non-value-added tasks, according to a Global Data Transformation Survey by McKinsey Digital. Current, accurate and accessible data are crucial in maintaining efficient business operations. Integrating Dynamics 365 Business Central and Power BI will help you visualise and analyse the most up to date and accurate operational data easily, helping you to optimise business processes in turn.
D365 Business Central is a scalable, cloud-based enterprise resource planning (ERP) solution that centralises information from core business functions such as finance and sales to provide a single source of truth, empowering decision-making with a reliable data source. A core element of Microsoft’s low-code Power Platform, Power BI is a data visualisation software that gives real-time insight into business data through user-friendly dashboards that help simplify and accelerate reporting processes. Power BI can be connected to Business Central to create custom dashboards and reports based on the data stored in Business Central. Integrating both solutions will help you maximise the value of your business data to enhance decision-making and planning. Below we explore the key benefits of integrating Business Central with Power BI.
As Business Central acts as a central hub for cross-functional business information, the data it stores provides the most accurate and up to date representation of business processes. Integrating Business Central and Power BI allows users to seamlessly access current, clear-cut data in detailed dashboards and reports that are tailored to their specific needs. There is no need for complex data extraction processes as the data can be automatically pulled from Business Central to Power BI, where you can use the simple drag-and-drop interface to customise your reports and dashboards. Integrating Business Central and Power BI can help you reduce the time and resources required to extract data and create reports, streamlining and accelerating the reporting process.
Power BI provides advanced data analysis tools that allow users to drill down into Business Central data and uncover the concealed factors affecting business operations. Users can gain a deeper understanding of their data, identify patterns and make better decisions on how to improve business processes. Further, Power BI supports predictive modelling, meaning users can analyse past data from Business Central to make predictions surrounding future business trends. This approach facilitates proactive decision making, allowing your business to better prepare for the future and remain agile.
Support Strategic Planning
Integrating Business Central and Power BI allows for easier access to real-time data and reports, meaning decision-makers in your organisation are always equipped with the most up to date and accurate information, leading to better informed decision making and strategic planning. Moreover, the predictive analytics capabilities of Power BI combined with the operational data from Business Central allow for more accurate forecasting and planning.
If you would like to find out more about Business Central and Power BI integration, contact one of our experts today. To learn more about Business Central, check out our case study with Presidio, who modernised its finance function and enhanced reporting by migrating to Business Central.