The benefits of Power automate (BA) tools and methods are well known among companies. However, few companies, from SMBs to large enterprises, really want to integrate into their reporting and management solutions. Most companies still rely on outdated tools like Excel and stick to the status quo when creating reports. They ignore the increasing demand for faster reporting processes and the benefits of more flexible data reports.
But why exactly should companies invest in a BI tool? In this blog post, we discuss the benefits that the Microsoft Power automate tool has to offer and how this tool helps businesses.
Wat is Power automate (BA)?
BA is a technology-driven process for analyzing data that is visualized according to individual needs. It helps executives, managers and other end users make well-informed business decisions.
By integrating BA tools such as Microsoft Power BA, users can create customized intelligent reports, tables, or other visual elements. These visualizations easily identify problem areas in an organization. But visualizing data is not the only benefit of Microsoft Power BI.
The 5 main benefits of Power automate
Companies generate more and more data and need to sort and process it. Power automate simplifies extracting and presenting data. It helps organizations understand what happened in the past. Appropriate measures can then be taken on the basis of that insight. There are several challenges in the end-to-end value chain for the successful implementation of data and analytics.
Power BI enables efficient collection, analysis, and management of business-relevant data. It also enables financial experts to create interactive reports consisting of charts, objects, and other visual elements. But what are the 5 main advantages of Power BI compared to other BI tools? Here’s an overview of the most important:
Advantage 1: Low cost – ideal for all types of businesses
Because Power BI is part of the Microsoft Office suites, the cost of deploying the BI tool is generally lower compared to other solutions. Licensing costs are determined on a per user/month basis, giving companies more flexibility in determining investments. For some companies, the Power BI Pro package does not need to be purchased separately as it is included with the general Microsoft Office packages. Plus, Power BI Desktop is completely free – so you can get started right away!
Benefit 2: Large knowledge hub and community – ideal for self-learning
Worried about a lack of guidance on how to implement and use Power BI for your business? No need – Microsoft Power BI gives you all the lessons you need, completely free. Learn how to perform general and specialized tasks by reading Power BI tips and tricks or watching tutorial videos. Moreover, there is a large community ready to exchange information and help you with any questions you have about Power BA.
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Advantage 3: Easy to use – high user-friendliness
Power BI is easy to use without specific technology knowledge. If you are familiar with Excel, it will not be long before you can also work with Power BI. Soon you will be able to create innovative reports yourself.
Benefit 4: Third party data integration and automation
To ensure all your modern reporting needs are met, Power BI is updated monthly. Thanks to these updates you are always up-to-date with the latest trends in the BI community. Plus, all the third-party data you need is automatically uploaded to Power BI, ensuring you’re always working with data that’s up-to-date!
Advantage 5: Mobile or desktop – all the freedom you need
Microsoft Power BI is distinguished by its flexibility. Configuring a dashboard on a desktop and creating an additional custom phone view is possible with just a few clicks. This way you have access to your Power BI report anytime, anywhere.
The combination of Power automate
Power automate is easy to implement and extracts both financial and non-financial data from source systems. simplifies this process even further by collecting all financial data from a single Single Point of Truth, allowing you to fully automate processes to improve efficiency and performance.