5 Key Phases of a Successful NetSuite ERP Implementation Plan For Your Business....
Data Studio Vs. Power BI for NetSuite
For NetSuite users, Google Data Studio and Microsoft Power BI are excellent options for deep diving into ERP analytics. Both BI tools offer cloud-based data visualization, reporting and dashboards. What does this mean for you? You get more dynamic and visually appealing analytics that can be embedded in NetSuite.
What Makes Data Studio and Power BI Work Well?
The simple method would be to connect either tool to your NetSuite instance and start building reports with minimal effort. The fact is there’s “Pre-Work” needed to report on the data extracted from NetSuite.
It comes down to this: Data Studio and Power BI are only as good as their data model driving the analytics generated by these tools.
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What is a Data Model?
Essentially, a data model organizes the various data types accessed for reporting purposes. Data models are designed around your business needs so you have a structure and set of rules. This setup will act as a road map when delivering the analytics you need.
Data Models and Your NetSuite ERP System
ERP systems are built for the specific purpose of ingesting data and they’re part of a rigid data structure by design. At their core, there’s a General Ledger and Subledger structure - this is built for specific accounting purposes. This ultimately limits the reporting flexibility that your FP&A teams and stakeholders want.
What now? Your teams turn to extracted data sets from more flexible spreadsheets that can have human errors and very little reliability.
In order to get the most from your data visualization software, such as Data Studio and Power BI with NetSuite, you’ll need an optimized data model. By getting this through a data warehouse, you’ll bypass the limitations of joining tables and directly access certain data sets within the actual systems.
Both Data Studio and Power BI have robust functionality in blending multiple data sources when accessed through a well-designed data warehouse.
Here’s An Example
What would normally be multiple saved searches in NetSuite can be a consolidated report combining information across NetSuite. This, plus the ability to incorporate third-party data sources (e.g. CRM, eCommerce, etc.) living in the same data warehouse.
Data Studio Vs. Power BI: Everything You Need to Know
Let’s begin with Data Studio for NetSuite users
100% cloud-based and requires zero license cost, so you get the best bang for your buck
User-friendly reports and dashboards easily shared via a free or corporate Google account. One really nice perk is the native integration with Google sheets which acts as a ”middleware” or connector within Data Studio.
Ideal for “Google Shops” who are within the Google Workspace; integration with Google’s BigQuery data warehouse and its productivity tools are simple and affordable.
A downside is the data transformation in NetSuite and the more complex reporting needs.
Integrated with Office 360 and Azure, however only the Desktop version is free for customers. All cloud-based offerings have a per user fee and sharing reports with many users can add to that.
Power BI has data transformation capabilities with Power Query built in so your data sets are in the right format for reporting
Any extra features needed for setting up your backend data and customizing your final product come at extra costs
When it comes down to it, both solutions are suitable for the NetSuite customer looking to enhance their analytics. But they’ll need a reliable data model on the backend. Both have embeddable web links so you can view Data Studio and Power BI inside your NetSuite dashboard.