Being able to consolidate crucial data analytics into comprehensive reports has become more and more imperative. As businesses look towards the future, the need to forecast and provide stakeholders with actionable insights is essential for growth.
In fact, as the current economic climate continues to move towards unpredictable times, there’s no time like the present to be in better control of data and reporting.
The NetSuite Analytics Warehouse is a cloud solution that consolidates data and analytics from NetSuite and other third-party applications.
Powered by the Oracle Autonomous Data Warehouse, it provides users with a powerful solution where they can run their own analyses and reports through easily built dashboards, without having to rely on external sources.
Built within your NetSuite ERP, it leverages a machine learning-powered analytical tool, Oracle Analytics Cloud as well as a data warehouse - Oracle Autonomous Data Warehouse - to automatically consolidate large amounts of data, from any type of file.
These two tools work together to bring in data from multiple sources in order to discover different patterns, insights, and influences.
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Key Features of NetSuite Analytics Warehouse
Including the NetSuite Analytics Warehouse into your day-to-day operations is the best way to stay in complete control of your processes.
For public companies who have quarterly board meetings with stakeholders, understanding the comings and goings of your business performance is the only way to know what’s working versus what needs improvement.
Made for NetSuite, in NetSuite
NetSuite users don’t have to go far to take advantage of the analytics warehouse. Built directly within NetSuite, you can automatically connect your environment to the warehouse using NetSuite data sources.
These prepackaged products ensure that you and your team have content to provide insightful reports at a moment’s notice.
Data, Anywhere, Anytime
While located within NetSuite, should you ever need to incorporate data from external sources, nothing is stopping you from making that move.
You can easily combine your data with outside sources thanks to the managed data warehouse that can extract, transform, and load all types of data analytics.
Operational Collaboration
Thanks to strong data visualization, you can easily search and find trends, patterns, and insights.
These accurate reports can then be presented across the organization to different stakeholders, departmental heads, and executives to showcase areas that are working and where more efficient measures can be taken.
Compliance
A business will never tire of the word compliance due to its ever steady nature. At its base NetSuite is as compliant as can be, add the security of Oracle’s Data Warehouse and your eyes will open wide to more security measures.
Multifactor access control, user and group data restrictions, activity monitor, and more are all available to ensure the utmost security clearance.
Detailed Reporting
With NetSuite’s real-time analytics and business intelligence dashboards, executives gain a bird’s eye view of performance across departments.
Dashboards provide detailed views of performance, functions, KPIs, transactions, and analytical reports for a comprehensive understanding.
Goodbye Spreadsheets
Manually importing and exporting are a thing of the past. Time consuming tasks will now take seconds to complete thanks to automatic chart narrations and presentation-ready visuals.
These can all be exported directly into PDF, PNG, and Excel formats.
Data Visualization in NetSuite: Dashboards & Insights
Thanks to pre-built dashboards and templates with more than 40 different types of charts to choose from, NetSuite users can organize, visualize, and increase value thanks to updated data.
Customers can easily calculate metrics, create snapshots, and drill down into precise details from otherwise more general leveled views. This is a godsend for NetSuite users as they have access to more diagnostic analytics.
Personalize your analytic data through decks and dashboards, which can track regions, business units, and roles. Not to mention, all team members can create their own customized dashboards, decks, and cards.
This is great for benchmarking and departmental lingo to create a more exclusive experience.
If one thing is certain, collaboration within a company is a no-brainer for growth. However, without the proper tools, efficient productivity can go down the drain. NetSuite Analytics Warehouse provides users with in-app collaboration features such as: comments, questions, and feedback.
Consolidate Your Data with NetSuite’s Cloud-Based Analytics Tool
Unless you require spreadsheets for other types of data, you can officially retire your account and consolidate all your data into a single source of truth, which also means moving away from high IT costs that are required to maintain legacy systems and integrations across different software highways.
And as most businesses struggle with access to historical data, a data warehouse can be a cozy home for data that isn’t quite ready to be deleted. In fact, most data should actually stay within the walls of the business in case of any changes or migrations.
Within a data warehouse, this data can be combined with transactional data for in-depth reports and inclusive planning.
Certain ERPs have data limitations that can cause headaches when it comes to raw data. Initiating a data warehouse architecture into your daily operations ensures less error-prone reporting and accelerates business insights.
Larger datasets at faster speeds guarantees accurate and on-time answers to your questions. For executives this is particularly important when data is required at the drop of a hat.
Slow, Error-Prone Reporting. Self-serve reporting and analytics capabilities allow for faster, easier access to data and democratized forecasting.
Hang up old siloed and legacy systems that are holding your data hostage. NetSuite Analytics Warehouses ensures tight knit security and an out-of-the-box solution for your business intelligence and data needs.
For companies looking to migrate away from limitations and are stuck in the past, incorporating a data warehouse into your business objectives will save you a lot of time and money in the future.
Frequently Asked Questions About NetSuite Analytics Warehouse
- What is NetSuite Analytics Warehouse used for?
NetSuite Analytics Warehouse is a cloud-based business intelligence tool that helps organizations consolidate, visualize, and analyze data from NetSuite and third-party systems. It enables faster decision-making with real-time dashboards and in-depth reporting. - How is NetSuite Analytics Warehouse different from standard NetSuite reporting?
Unlike standard NetSuite reports, Analytics Warehouse leverages Oracle’s Autonomous Data Warehouse and Analytics Cloud to offer advanced data modeling, machine learning insights, and cross-platform analytics beyond just NetSuite data. - Can I use NetSuite Analytics Warehouse to replace Excel and manual reports?
Yes. With automated dashboards, real-time visualizations, and customizable reports, the Analytics Warehouse eliminates the need for spreadsheets and manual reporting processes, saving time and improving accuracy. - What data sources can be connected to NetSuite Analytics Warehouse?
In addition to native NetSuite data, the warehouse can integrate with third-party platforms like Salesforce, Shopify, and legacy systems. It uses ETL tools to extract, transform, and load data into a single analytics environment. - Is NetSuite Analytics Warehouse secure and compliant?
Absolutely. It includes enterprise-grade security features such as multifactor authentication, role-based access control, and activity monitoring. It's also backed by Oracle's compliance standards, ensuring your data is protected.
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