BUSINESS ANALYTIC
TOOLS FOR
ACCOUNTING
FIRM
TAKUMA KINNO
APRIL 27TH, 2024
IMPORTANCE OF MANAGEMENT INFORMATION
SYSTEMS (MIS)
• Businesses are increasingly prioritizing Management Information Systems (MIS)
because of the swift pace of technological progress and the growing intricacy of
business data.
• Businesses are increasingly prioritizing Management Information Systems (MIS)
because of the swift pace of technological progress and the growing intricacy of
business data.
• Widely adopted MIS tools like Enterprise Resource Planning (ERP) and
Customer Relationship Management (CRM) systems are prevalent across various
sectors for gathering and analyzing data.
BUSINESS ANALYTICS TOOLS
• Microsoft Power BI
Good for data visualization, reporting, and dashboarding capabilities.
Scalabilities are plus. Compatibilities with Microsoft Office is superb.
Flexible Pricing.
• SAP Analytics Cloud
Sophisticated data analysis and predictive features
Compatibility with SAP offerings
Tailoring choices and pricing flexibility
BUSINESS ANALYTICS TOOLS (CONTD.)
• QlikView
Connected data structure and flexible examination.
Visual representation of data and seamless integration.
Competitive pricing model.
• Tableau
Intuitive interface and visual data representation.
Options for scalability and deployment.
BUSINESS CASE OF ACCOUNTING FIRM
• Microsoft Power BI is the best option for accounting firm
• Strong data management capabilities
• Smooth integration with accounting platforms like
QuickBooks
• Ability to expand as the business grows
• Adaptable pricing choices
MICROSOFT POWER BI AND ITS BENEFITS
• Improved data examination leading to better decision-making
• Streamlining of repetitive tasks through automation
• Increased productivity with a shift towards more valuable
activities
• Efficient cost management and budgeting
CONCLUSION
Accounting firms favor Microsoft Power BI for its capacity to
handle large volumes of data, streamline analysis, and seamlessly
integrate with accounting software such as QuickBooks. Its
capability to scale alongside the business, adapt to various tools,
and provide flexible pricing options renders it an ideal choice for
accounting firms aiming to enhance their data analysis capabilities
and expand their business amidst challenging market conditions.
REFERENCES
• Payne, A., & Frow, P. (2005). A Strategic Framework for Customer Relationship Management.
Journal of Marketing, 69(4), 167–176. http://www.jstor.org/stable/30166559
• Brancheau, J. C., & Wetherbe, J. C. (1987). Key Issues in Information Systems Management. MIS
Quarterly, 11(1), 23–45. https://doi.org/10.2307/248822
• King, W. R., & Rodriguez, J. I. (1978). Evaluating Management Information Systems. MIS
Quarterly, 2(3), 43–51. https://doi.org/10.2307/249177
• Yoder, T., & Ruiz, E. G. (2024, March 11). 12 quickbooks statistics you need to know in 2024. Fit
Small Business. https://fitsmallbusiness.com/quickbooks-statistics/
• Hitt, L. M., Wu, D. J., & Zhou, X. (2002). Investment in Enterprise Resource Planning: Business
Impact and Productivity Measures. Journal of Management Information Systems, 19(1), 71–98.
http://www.jstor.org/stable/40398567