Business Intelligence is an expression that’s being used (and overused) to describe a broad range of applications and technologies for gathering, storing and analyzing data to help business users make better decisions.             

Many businesses focus on Financial Reporting software applications as their primary form of Business Intelligence. With Microsoft discontinuing their development of FRx, there is now a renewed focus on finding a Financial Reporting application that’s the best fit for a companies Financial Reporting requirements.

It’s no longer sufficient for a Financial Reporting solution to produce a compliant Balance Sheet, Income Statement and Statement of Cash Flows.  While these are necessities, there is much more    to consider.