When selecting a Business Intelligence (BI) or Business Process Management (BPM) solution, there are four different solutions from which to choose:
That's right — do nothing. Unfortunately this means a lot of time and effort wasted every month retyping data, cutting and pasting numbers and formulas, manually producing custom spreadsheets, and manually emailing unsecured, potentially error-prone reports and analysis to a wide variety of stakeholders.
There are the multi-billion global enterprises that would gladly quote millions of dollars and several years of installation time (not to mention months of training time) to manage an organization's monthly financial reports and profitability. And in the end, executives and managers still wind up using Crystal Reporting and having the IT department, rather than financial analysts, write the reports. This likely works great for giant organizations like GM or Pfizer, but until then, consider other options.
There are a variety of small-and mid-level consulting groups that are looking for an easy way to link all your spreadsheets in your organization into a unified system. We have a message for these companies: "There is no easy way."
Some companies will try and sell spreadsheet consolidation programs based on Visual Based Macros, or VBAs, which use antiquated code. These might work fine for individuals who want to automate a print function or catalog their collection of Grateful Dead bootleg concert recordings — not build a network-savvy, interdependent, multi-tiered, server-based, mission-critical, scalable solution. These cumbersome applications also hold critical data (i.e. payroll records, patient accounting records, billing information) in individual spreadsheets out on the network for anyone to delete, hack, or copy offline, creating a never-ending source of concern.
At PrevisionEPM, we recognize that users want to use Excel as their main tool when working with their data, yet they need the ability to access potentially millions of records across multiple systems including general ledger, payroll, materials management, and sales. Yet using Excel alone with VBA macros, creates a myriad of security and data management headaches that managing hundreds, if not thousands of spreadsheets, can generate. PrevisionEPM benefits include:
PrevisionEPM fully complies with all state, federal, and HIPPA regulations.