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Data Analysis and Business Intelligence techniques are now implemented by most modern companies to drive business growth and profitability.
A majority of all organizations now rely on data-driven decision-making for every aspect of their business whether it is Product, Marketing, or even Finance.
Xero is a well-known Cloud-based Accounting Software that is primarily used by small businesses. It helps businesses seamlessly perform a range of business finance functions like Accounts Payable, Accounts Receivable, etc.
Xero offers three different tiers which users can choose from based on their business requirements. These three tiers are as follows:. More comprehensive understanding of the Xero Accounting Software can be found here. It aims to provide users with interactive visualizations and advance Business Intelligence capabilities through a simple interface, thereby allowing them to create their own Dashboards and Reports.
It can be seen as a collection of Applications, Software Services, and Connectors that work together to turn numerous Data Sources into visually immersive, coherent, and interactive insights. It lets you connect to all your data sources, visualize the data to derive insights, and share them with the decision-makers at your organization.
Microsoft offers three platforms in its Microsoft Power BI suite which are as follows:. As businesses grow, the amount of financial data they handle also increases. Most businesses make use of existing platforms like Xero to manage their financial data instead of maintaining a record of it manually.
Businesses rely on such tools primarily due to their ease of use and their ability to automate various tasks that have to be performed regularly. Although tools like Xero can be used to perform a simple analysis using Level-One Performance Metrics, it is not possible to perform an in-depth analysis or create custom financial reports.
Hence, businesses feel the need to set up Xero Power BI Integration to perform a comprehensive analysis of their data and derive meaningful insights. This method involves installing the Xero application in Microsoft Power BI and then importing the required data.
Hevo provides a hassle-free solution and helps you directly transfer data from Xero to Microsoft Power BI and numerous other BI tools without any intervention in an effortless manner. Hevo is fully managed and completely automates the process of not only loading data from your desired source but also enriching the data and transforming it into an analysis-ready form without having to write a single line of code. In this method, users first have to install the Xero application in Microsoft Power BI and then import all the data.
Its fault-tolerant architecture ensures that the data is handled in a secure, consistent manner with zero data loss. Hevo takes care of all your data preprocessing needs and lets you focus on key business activities and draw a much powerful insight on how to generate more leads, retain customers, and take your business to new heights of profitability.
This article provided you with a step-by-step guide on how you can set up Xero Power BI Integration manually or using Hevo for free. There are certain limitations associated with the manual method. If those limitations are not a concern to your analysis, then the manual method is the best option but if it is, then you should consider using automated Data Integration platforms like Hevo.
Hevo helps you directly transfer data from a source of your choice to a Data Warehouse, Business Intelligence tools such as Microsoft Power BI, or desired destination in a fully automated and secure manner. It will make your life easier and make data migration hassle-free. It is User-Friendly, Reliable, and Secure. Give Hevo a try and Sign Up up for the day free trial today. Details on Hevo pricing can be found here.
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