Bridging the Gap Between Oracle Operational Reporting and Analytics With Angles for Oracle ERP

As Business Intelligence (BI) tools, data warehousing solutions, and enterprise data and application landscapes have advanced, it’s worth taking the time to rethink that old model, starting with the dichotomy between operational reporting (OR) and strategic analytics. There is a clear difference between operational reporting and BI, but they can and should work together. Companies use one or the other, and if they have both, there is a gap between them. What you need is real-time reporting and deep business insights that pairs reporting with analytics, so let’s explore what that means and how you can achieve it.

Data Rich and Insight Poor

It is possible to have too much data. Modern enterprise applications are generating, gathering, and storing more information than ever. So much that it takes valuable hours to get the insights you need to drive your business. Your ERP system alone produces data at an astonishing rate, usually surrounding core business activities such as financial accounting, manufacturing, supply chain management, and human resources. Ironically, this abundance of data is more likely to obscure business insights than illuminate them. In fact, the “data rich” are more likely to be “insight poor”.

Why is more data not a wholesale win? Because as it grows, accessing your data and making sense of it becomes increasingly complex, laborious, and expensive. Generating the actionable insights your business needs to respond to volatile market conditions and outpace your competition is typically a complex process managed by IT. Custom reports or dashboards are requested by business leaders, then delivered by teams of data analysts from the IT team or a partner. The process can take weeks, if not months, and, in many cases, the report or dashboard is limited to a single use case and applicable only to a single business unit or user – often only the requester.

Operational Reporting: Trends, Challenges, and the Key to Success

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Bridging Your Data Gaps

A recent study conducted by Hanover Research found that only 11% of finance professionals are happy with their current operational reporting tools, with 71% depending on IT for help.

Organizations across all industries need more accurate and faster business insights, and finance teams are producing an ever-increasing volume of operational reports to meet that need. Creating business intelligence reports and dashboards has traditionally been the domain of IT, with business analysts delivering information to business leaders.

Why organizations need a combined OR and analytics system:

Real-time, business-friendly views greatly simplify complex, cross-functional reporting.
Gap-bridging system accelerates the process of developing an enterprise-wide data warehouse and ETL processes.
Long-term analysis of trends since it is optimized for multi-year, multi-organization strategic analysis.
Experience integration of multiple Oracle and non-Oracle-based source applications for a complete analysis.

Your organization invested significant time and effort to ensure data is captured across the business. It is no wonder that stakeholders and decision-makers want to access and analyze that data.

You rely on operational reports to view short-term, often granular, information about conditions within your business that is near real-time, hourly, daily, weekly, or monthly data sets. These reports peer into current conditions and allow your team to make decisions about the near future to improve daily operational processes and meet short-term goals. Analytics provides deep insights into your data. Analytical pursuits have grown exponentially in importance in recent years. An ERP that bridges OR to analytics offers mainstream tools with self-service access and flexibility so that business users can produce reports and analysis on-the-fly and share data to make decisions and optimize business results. It supports the principles of DataOps and data democratization and offers a continuous intelligence stream consumable by business users. Your team can be as rich with insights as it is with data.

Organizations across all industries need more accurate and faster business insights, and finance teams are producing an ever-increasing volume of operational reports to meet that need. Creating business intelligence reports and dashboards has traditionally been the domain of IT, with business analysts delivering information to business leaders.

Reaching Your Data Targets with Angles for Oracle

Angles for Oracle delivers a context-aware, process-rich business data model, a library of 1,800 pre-built, no-code business reports, and a high-performance process analytics engine for Oracle Business Applications, including EBS and OCA. This integrated solution helps you unlock your enterprise data and deliver actionable insights to support decisiveness in an uncertain and quickly changing world.

Angles provides enterprises using Oracle Business Applications the power of continuous operational insights and strategic analytics, helping users out-think and outmaneuver the competition. Just listen to this applause for its insights:

“Angles for Oracle has been so well received across our organization that interest has spread by word of mouth and is now expanding to people who weren’t part of the original pilot project. We’re hearing more people say, ‘Hey, I want Angles for Oracle.’” Donice Bell, Project Manager at NE Ohio Regional Sewer District

Angles for Oracle integrated platform delivers a powerful data model, library of pre-built, no code business reports and robust process analytics engine to help you unlock the power of your enterprise data and gain actionable insights to act with decisiveness in an uncertain and quickly changing world. Angles for Oracle includes integrations for Oracle EBS and Cloud Applications, provides support for cloud deployments, and delivers an intuitive user interface to help simplify workflows and foster collaboration between data scientists and business users.

Angles for Oracle provides analytics to serve as data warehousing to remove transactional data from your Oracle ERP and into either a cloud data warehouse or your on-premises Angles solution. Angles does this without hurting the runtime or efficiency of your transactional database.

Request a Demo To See If Angles Is Right For Your Business

Speed-up operational report production with ready to go software including pre-built content that meets 80% of finance’s needs. With direct, multi-source connectivity and drag-and-drop editing, you have everything at hand to create interactive reports and dashboards to support day-to-day decision making.

What to expect

20-minute discovery call with a product expert
Discover which solutions are best suited for your needs
Live demo tailored to your business requirements
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The post Bridging the Gap Between Oracle Operational Reporting and Analytics with Angles for Oracle ERP appeared first on insightsoftware.

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