Every company has weapons to bring their businesses to growth and development. It requires good decisions, accurate data analytics, and analysis to ensure quality management and daily fluid operations. As a result, companies use excel business intelligence software to record, evaluate, calculate, analyze to improve decisions and generate effective action plans.
9+ Best Excel Business Intelligence Software
1. SQL Server Reporting Services
2. BI360 Suite
4. True Sky
5. Spreadsheet Server
6. Clear Analytics
8. Reports Wand
What is Excel Business Intelligence Software?
Excel business intelligence software is a technological tool allowing you to acquire, visualize data and advanced analytic capabilities. It has numerous new features and functionalities that empower you to automate processes, send active reminders, schedule appointments, provide top-quality risk analysis, financial management, etc. Experts developed excel business intelligence software to minimize manual processes, which consumes too much time and is a lot of work.
Excel business intelligence software provides multiple benefits and advantages to your company. Unlike manual methods, which can only evaluate and store limited data. On top of that, it can give inaccurate results. On the other hand, excel business intelligence software enables big data analytics, cloud file storage, collaboration tools, and more.
Features and functionalities are crucial components you need to analyze before purchasing the software you want. As we all know, the software is pricey and provides a variety of similar qualities that can help or hinder your administration. For this reason, it is essential to research the software’s reviews given by the users. Fortunately, software comparison websites are available, allowing you to acquire ideas and details which can help you choose the best software for your company. You can also try free trials and versions to test them firsthand. Below are features you might need:
- Capacity Management
- Task Management
- Agile Methodologies
- IT Asset Management
- Business Dashboard
Top 10 Excel Business Intelligence Software
1. SQL Server Reporting Services
SQL Server Reporting Services from Microsoft include ad hoc reporting, benchmarking, predictive analytics, visual analytics, and more advanced features. Microsoft has annual revenue of $168 billion and 189,984 employees.
2. Spreadsheet Server
Spreadsheet Server from insightsoftware includes ad hoc reporting, budgeting/forecasting, dashboard, key performance indicators, and more valuable features. Insightsoftware has annual revenue of $218.8 million and 1,093 employees.
3. Reports Wand
Reports Wand from insightsoftware includes sales reports, data connectors, customizable dashboards, financial reporting, and more contributive features. Insightsoftware has $218.8 million yearly sales and 1,093 workers.
Vena includes bank reconciliation, business process automation, sales planning, statistical analysis, workflow management, and more advanced features. Vena Solutions has annual revenue of $101 million and 612 employees.
Sift includes business process control, check fraud detection, compliance management, IT risk management, data discovery, and more logical features. Sift has annual revenue of $42 million and 200 employees.
6. BI360 Suite
BI360 Suite from Solver includes asset lifecycle management, cash management, data visualization, financial reporting, and more valuable features. Solver has an annual revenue of $28 million and 193 employees.
7. True Sky
True Sky includes forecasting, general ledger, version control, asset lifecycle management, cash management, profit/loss statement, and more helpful features. True Sky has annual revenue of $20.2 million and 96 employees.
XLReporting includes KPI monitoring, strategic planning, key performance indicators, data visualization, and more innovative features. XLReporting has annual revenue of $5 million and 30 employees.
9. Clear Analytics
Clear Analytics includes profitability analysis, performance metrics, marketing reports, customizable dashboards, sales reports, and more. Clear Analytics has annual revenue of $435 thousand and three employees.
OfficeReports is a data analysis and reporting tool that enables users to quickly develop standard data deliverables. It includes ad hoc analysis, marketing reports, summary reports, reporting/analytics, and more.
Why is excel important?
Excel is one of the most critical components every company needs, regardless of the size. It helps the professional industry record and assesses quantitative data leading to improved decisions and operational efficiency. Excel is a spreadsheet software utilized by the business industry to store, organize, evaluate business data and other valuable assets.
What is business intelligence?
A business cannot grow and develop without practical and wise decisions to generate action plans and improve weak points. The professional industry uses business intelligence to collect and analyze data, resulting in insights for strategic planning that boost business concepts, operational efficiency, and forecasting accuracy. Business intelligence allows you have a complete understanding and grip of your business.
Why do you need software?
Software is one of the most valuable assets known in the professional industry. This smart tool assists you in minimizing manual operations, hence reducing the possibility of labor errors caused by traditional approaches. Software offer features and functionalities, allowing you to perform multiple tasks, automate processes and acquire accurate data leading to improved business operations and quality management.
As we all know, manual methods are not enough to handle modern complications. You can’t deny that traditional ways require more time and effort that provides wavering results. That is why using excel business intelligence software is sensible to increase operational speed and ensure accurate data analysis to ensure faultless and innovative workflows.
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