As a customer of Microsoft Dynamics 365 Business Central, you’re probably heard of Jet Reports as a Microsoft-certified third-party reporting tool designed for the Microsoft Dynamics 365 suite, including Business Central.
However, Jet Reports is one of only three reporting tools under the Jet Global brand. The three products are:
- Jet Analytics
- Jet Reports
- Jet Basics
Because of this, you might wonder; which of these three Jet Global reporting tools would be the best fit for your business’s financial reporting needs?
We’ll be taking a look at three reporting tools from insightsoftware to see what each software brings to the table, and how that makes each of them most suitable, depending on your specific business needs.
A Quick Introduction To The Jet Global Product Offerings
Introduction to Jet Global Product Offerings; Source: Jet Global YouTube
To start off with, Jet Analytics provide a corporate analytics and reporting platform that delivers fast, accurate dashboards and reports in Microsoft Power BI, on top of Excel and online.
Jet Analytics allows users to create and maintain data warehouses and OLAP cubes, as well as create dashboards for online or mobile consumption, without the need for technical expertise.
The next tier of Jet Global solutions is Jet Reports, which is a comparatively advanced financial and business reporting solution that can generate financial reports online, on top of within Excel.
On top of NAV and GP, Jet Reports is also vompatible with Business Central and Dynamics 365 Finance & Operations.
Compared to the barebone functionalities available with Jet Basics, Jet Reports comes with a robust set of features and automation options, making it a truly complete reporting and analytics tool by comparison.
Last but not least, Jet Basics is exactly as it says on the tin; it’s a free reporting tool that comes as an extension for Microsoft Dynamics NAV, as well as Dynamics GP.
It uses data generated by your business processes to provide real-time and financial reporting, and you can use it to create basic financial reports within Microsoft Excel.
Now that we’ve covered what each of these Jet Global products bring to the table, let’s talk about how they are individually most suitable for different sets of business needs.
Jet Analytics: Get Enterprise-level Reporting And BI
Integrate multiple data sources for fast, reliable reporting/analytics with Jet Analytics; Source: insightsoftware
Of the three Jet Global offerings, Jet Analytics comes with the most extensive set of features for your analytics and reporting needs.
Designed as a corporate analytics and reporting platform, Jet Analytics delivers fast, accurate dashboards and reports within Microsoft Excel, Microsoft Power BI, as well as online.
It comes with more than 60 pre-built templates for financial reports and dashboards in both Excel and Power BI formats.
On top of what Jet Reports already brings to the table, the following features are available only with Jet Analytics;
- Business dashboards that display trends, relations and issues for easy viewing
- Master data management with data warehouse automation to provide a single source of truth
- Instant business intelligence (BI) and key performance indicators (KPIs) with pre-defiend OLAP cubes
- Drag-and-drop BI customiation
- Advanced security that gives you more control over who can access your data.
Jet Analytics comes with the Jet Data Manager, a back-end solution that allows end users to create and maintain data warehouses and OLAP cubes for enabling greater understanding of their data.
In addition, it also comes with the Jet Dashboard Builder to allow your end users to create dashboards that display your business data for easy consumption, without requiring technical expertise on the part of the end user.
What Type Of Business Should Use Jet Analytics?
As its feature set might indicate, Jet Analytics is most suitable for large-scale enterprises that require robust financial reporting and analytics capabilities, to manage the extensive amounts of data generated by their processes.
Because it also supports Power BI, Jet Analytics can also serve as the primary BI reporting tool for large-scale enterprises keen on acquiring insights from their data to inform their business decisions.
Of course, with such a robust set of features and functionalities, Jet Analytics has the highest price point of all Jet Global solutions, which is best accommodated by the greater budgets of large enterprises.
Jet Reports: Sets The Standard For Financial And Business Reporting
Example of Jet Reports' Budget Forecasting Excel Template; Source: insightsoftware
Being the middle-of-the-road offering from the Jet Global brand, Jet Reports offers an advanced financial and business reporting solution inside of Excel as well as online, that can handle the needs of most small- and medium-sized enterprises (SMEs).
It’s compatible with Business Central, as well as Microsoft Dynamics 365 Finance & Operations, as well as older Dynamics products such as AX, GP, and NAV.
Along with more than 45 pre-built templates for financial reports, Jet Reports comes with the following features that makes it a complete financial reporting and analytics tool;
- Real-time reporting direct from database
- Financial reporting from any general ledger (GL) account
- Multi-company consolidation
- Automatic updates and migration of reports to new versions of Microsoft Dynamics products
- Mobile and Web accessibility with JET HUB
- BIZVIEW Integration for controlled, collaborative and web-based planning, budgeting and forecasting
- Operational and business reporting
- Multi-database reporting that uses consolidated data
- Scheduling and automation of reports
- Report management
- Free-form formatting and designed of Excel-based reports with dynamics formulas
- Permanent clipboard that saves frequently-used Excel and report logic for faster reporting building
Last but not least, Jet Reports comes with all the tools you need to create reports, including the Report Wizard and the Jet Function Wizard.
Access to custom Jet Reports' Excel templates for your reporting needs; Source: insightsoftware
Being a complete financial reporting and analytics tool, Jet Reports will be a good fit for most businesses of any size that have implemented Microsoft Dynamics 365 solutions, such as Business Central.
It provides all the features that you need to customise reports so that they give you exactly the data you need, consolidate data from multiple sources such as databases from multiple businesses, and schedule them for automated report generation on a regular basis.
Jet Reports also comes at a reasonable price point for the budgets of most businesses, from small- to medium-sized enterprises (SMEs) to larger corporations.
Jet Basics: Provides The Bare Essentials
Last but not least, Jet Basics is a ‘freemium’ reporting tool that can be used only with Microsoft Dynamics GP or NAV.
While it offers real-time reporting and financial reporting in Excel with more than 20 pre-built templates, Jet Basics is not designed to be a fully operational reporting or analytics tool.
As such, it lacks all other features that can be found in Jet Reports or Jet Analytics, and is intended as an introduction to what Jet Global can offer your business than a full solution in its own right.
What Type Of Business Should Use Jet Basics?
Jet Reports might be suitable in particular for startups that are using Microsoft Dynamics 365 Business Central, but otherwise have limited IT budgets for further spending on software solutions.
With Jet Basics, your startup could get a taste of real-time reporting on your business’s financial data without further expenditure, at least until it’s grown large enough to have both the need and the budget for more features and apabilities.
Jet Global Can Provide The Right Reporting Tool For Your Business
Comparison chart of Jet Basics, Jet Reports & Jet Analytics; Source: insightsoftware
Whether your business is a large-scale enterprise, an SME, or a startup with a limited budget, Jet Global can provide a software tool that best suits your business’s reporting needs and budgets.
If you’re interested in taking advantage of Jet Analytics or Jet Reports has to offer, you might be interested to know that AFON has been a Top Elite Partner for Jet Global since 2017.
This means we can help you set up and integrate Jet Analytics or Jet Reports with your instance of Microsoft Dynamics 365 Business Central, and provide the respective level of additional reporting and analytics capability accordingly.
Just give us a call at +65 6323 0901 or drop us a note here, and we’ll get in touch to help you with anything related to Business Central or Jet Reports.
But should you choose to acquire Jet Reports or Jet Analytics, how can you use the reporting and BI solution to its full potential? Click on the image below to read about the top 10 best practices when it comes to business reporting with Microsoft Dynamics.