Selection of a BI tool is a major decision. Key questions include:
(1) Will the reporting, analysis and forecasting capabilities suit the business, now and in the foreseeable future? This assumes that the KPIs, graphical preferences and other aspects have been suitably defined.
(2) Is the tool easy enough to use and administer?
(3) Is the tool suitable for the size of business in terms of its target market, performance for the data volumes envisaged, and cost?
(4) Is it designed to be developed and modified by a systems accountant in a user department? Or does it need formal programming skills, to be developed by the IT department?
(5) Given the fast pace of acquisitions in the BI market, what is a tool's likely strategic future? Is it likely to thrive or suffocate?
(6) A variety of other aspects, such as implementation and support arrangements
If you would like help in clearly defining KPIs and reporting requirements across the business, or in selecting a suitable BI tool, please contact me - details in my profile.
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