Types of Reports You Can Create Using Power BI Reporting

Businesses whose CEOs make data-backed decisions are 77% more likely to achieve success. — According to a Deloitte survey.

This insight throws light on the importance of clarity & relevancy of data while making crucial business decisions.

Till now, we have seen some popular visualizations that uplift the power of Power BI reports besides the file formats supported.

Now, let’s understand different types of Power BI reports based on a variety of business functions that businesses have.

Let’s get going

Sales Analysis using Power BI Report
You don’t need us to break down the importance of analyzing sales performance, do you?

Sales. One of the most crucial business functions, as it is the ultimate decider of growth.

Thinking “What difference will Power BI reporting make in sales analysis?”

With Power BI and reporting services you will have actionable insights with finer details into –

· Sales by region

· Total sales revenue

· Top-selling products

· Sales trends over time

· Sales by product category

· Sales by customer segment

· Contribution margin analysis

· Sales by salesperson or team

· Sales by time period (daily, weekly, monthly)

· Sales performance comparison (year-over-year, month-over-month)

With these anecdotes, you will be spoilt for choice with the areas of improvement in your overall sales performance.

Let’s better reflect on this scenario with the help of an example.

Assume you are the CIO of a consumer goods company.

Problem

You are struggling to identify sales trends, optimize inventory, and target the right customer segments effectively.

Solution

You decide to rope in a Power BI partner to utilize Power BI reporting services. The goal is to integrate diverse data sources and gain actionable insights to improve sales performance.

Result

Vetted Power BI experts helped you identify best-selling products and optimize resource Allocation. You are now experiencing data-backed inventory management with reduced events of stockouts. With deepened insights into customer preferences, your sales performance is reaching new heights.

Simply put –

Problem was “declining sales performance”

Solution approached was “Power BI reporting services”

ROI yielded was “Boosted sales & improved customer loyalty”

Financial Reporting with Power BI

It all starts with Finance, and you too as a business leader would agree when we say this.

CFOs of businesses undergo a lot as they are solely in the position to account for everything that costs money.

Entrusting Power BI and reporting services for financial reporting is a win-win for both CFOs and CTOs/CIOs as it makes their jobs easy.

Thinking “How?”

Simple. By advocating their actions with legitimate data points.

Thinking “What data points does financial reporting with Power BI brings up?”

Here’s the list –

· Revenue analysis

· Budget variance analysis

· Cash flow statement analysis

· Forecasting and trend analysis

· Return on investment (ROI) analysis

· Risk assessment and mitigation strategies

· Financial ratios (liquidity, solvency, profitability)

· Balance sheet analysis (assets, liabilities, equity)

· Profitability metrics (gross profit margin, net profit margin)

· Expense analysis (operating expenses, cost of goods sold)

These numbers will speak volumes for CEOs/CTOs about the investments they ask for from CFOs. And CFOs can rock with these anecdotes during the board meetings.

Imagine CFOs struggling with lack of insights on the ROI.
Now, reverse the situation with detailed financial reporting with Power BI on every penny spent.

That’s the power of data.

Let’s better understand this scenario with an example.

Assume you are the CFO of a manufacturing company.

Problem

You are facing challenges in tracking production costs, monitoring inventory levels, and managing cash flow effectively.

Solution

You decide to invest in Power BI and reporting services for financial analysis. The aim is to accumulate dispersed financial records and put them together for a connected view.

Result

You are now experiencing significant deviation in financial performance. You are enabled to monitor the production costs accurately and track inventory to avoid events of overstocking. You are now empowered to devise data-backed cost-saving strategies.

Simply put –

Problem was “distorted financial management”

Solution approached was “financial reporting with Power BI services”

ROI yielded was “Improved cost control measures & financial performance”

Power BI Reporting on Customer Profitability

Customer profitability depicts the growth KPIs for your business and assures you if you should anticipate a shift in direction.

Power BI and reporting services open up avenues for you to boost customer profitability.

Thinking “How?”

Here’s how –

· Customer churn rate

· Profit margin per customer

· Lifetime value of the customer

· Cost of acquisition per customer

· Revenue generated per customer

· Customer profitability trend analysis

· Customer acquisition and retention costs

· Contribution margin analysis by customer

· Customer segmentation based on profitability

· Comparison of profitability across customer segments or demographics

This data captured through various Power BI reports wins you an opportunity to get to know your customers & their preferences better.

As a result, you are set to approach your customers with an even more personalized approach.

Let’s understand this scenario with an example.

Assume you are CMO of a retail company.

Problem

You are struggling to understand customer behavior, measure marketing campaign effectiveness, and optimize promotional strategies.

Solution

You decide to invest in Power BI reporting services to leverage profound expertise. The goal is to understand customer demographics, purchasing behavior, and optimize conversions.

Result

With Power BI reporting, you are enabled to monitor your marketing campaigns closely. You are now tracking the campaign performance in real-time & maximizing the ROIs on marketing investments.

Simply put-

Problem was “declining marketing campaigns”

Solution approached was “Power BI and reporting services”

ROI yielded was “Improved performance of marketing campaigns & ROI”

Conclusion

As a business leader, we believe you deserve nothing less than the best for your business, when it’s about choosing Power BI reporting services partner.

We are certain that you are now clear on how essential it is to understand your business’s data needs, and how Microsoft Power BI reports make a difference.

We are confident that you are looking forward to a reliable Power BI partner who understands your business and Power BI reporting needs, prominently.

We, at Integrative Systems, are certified Microsoft Partners with over 10+ years of experience helping leaders like you to make impactful decisions.

And, we would take immense pride in becoming Power BI and reporting services partner of your choice.

Have the feeling that we are the match?

Drop us a line at contact@integrativesystems.com and we shall circle back in 2 business days, to take it from there.