Imagine your business is a series of disconnected departments (as many are). Now, imagine that whenever those departments try to talk to one another to make decisions, they find that no one speaks the same language. All information sharing grinds to a halt, and so too does the forward momentum of your business.
For most business owners, that’s the picture of their tech stack right now.
The SaaS model has created many different incredible tools that all execute on niche tasks. Your accounting app houses your financial history. Your CRM holds your live sales pipeline. Your project management environment holds your team’s logged hours. Each one is fantastic at its individual role, but getting them to talk to one another and create a big picture view of your business is difficult without the right tool.
This is what a data connectivity platform can do. Data connectors bridge those language gaps and software disconnects, allowing you to create a pool of data that tells the full story of your business.
Okay, but what is a data connector?
Think of a data connector as a highly efficient, automated digital translator.
Every cloud application has a way to share its information, usually through something called an API (an Application Programming Interface). You can think of an API as a digital loading dock where data sits, waiting to be picked up. A data connector’s job is to drive up to that loading dock, securely collect the raw information, translate it into a standardised format (usually something like SQL) and drop it neatly into a centralised storage space.
You might call this a private data warehouse, though it’s not the technical term. From that warehouse, you can access every single piece of data and even compare data from different sources to understand it better. You just need to ask the right way.
These data connectors are vital because even visualisation tools like Power BI can’t peer into your Xero or HubSpot account without BI connectors. Interpretation requires a clear, constant stream of organised data. This is what the connector does.
Your reporting integration depends on the right data
Skipping the connector stage and leaping right to a reporting integration can help in some ways, but disrupts in many others. Basic, rigid plugins for reporting usually lead to immediate technical frustration because, well, your business isn’t basic or rigid.
If an app updates its background code and you are using a basic direct link, your master dashboard will instantly break, leaving you with empty charts right before a major board meeting.
Or, if you still rely on spreadsheets and manual updates, those platform download and formatting sessions will take hours, giving you outdated data only available at specific points in your weekly cycle. It’s like trying to steer while looking in the rearview mirror.
Enter: a data connectivity platform, running on data connectors that bridge the gaps in your business’s tech stack.
How data connectors can benefit your business
A single, unshakeable source of truth
Data connectors are designed to take all your different data sources and bridge them across a single data connectivity platform, so your sales guys can stop arguing with your finance team about whose numbers are correct.
With a reporting integration on that pool of data, you can see relationships between your CAC and your operational expenses. More than that, you can be sure that the data is accurate and up-to-date.
Complete freedom over reporting
Basic chart templates can be helpful to an extent, but most SaaS platforms have limited ways to interpret their own data, let alone compare it to data from other sources.
With your centralised data connectivity platform and reporting integration, along with an AI analytics assistant, you can ask your data to present itself in any way you like. Look at different relationships to find new growth opportunities, or implement a reporting format that suits your unique business needs.
Painless software migration
You might start out using a basic invoicing tool today, but you need to step up to a heavy-duty enterprise accounting system three years from now. If your reporting relies on direct, custom-coded plugins, changing software means rebuilding your entire reporting framework from scratch.
BI connectors and other similar connectors act as a protective buffer, letting you swap out individual tools at the gate without losing your historical data records.
In short, there is no secret recipe to success. Your business is entirely your own. But getting to where you’re going relies on understanding where you’ve come from, and data is what helps you do that.
Your data is right there, waiting. The key is to get the disparate silos talking to one another with the right data connectors, which function as the bridge between different data types and interpretations.
From there, implementing a reporting integration lets you access that data in a visual – or even conversational – way that simplifies your decision-making.
Get your data talking. Book a demo with SyncHub today.
Your business has all of the information you need to move it forward buried in screeds and screeds of disconnected, ambiguous data. Make use of all that information by implementing data connectors and a reporting integration through SyncHub.
Our software is built for real people and real business owners, not nerds. Get to know it with a free live demo today.