Profitbase Retail BI Review - why 3.5 stars?

Profitbase Retail BI is a business intelligence solution with out-of-the-box templates and software tools to help users reduce the cost, risk and deployment times. The solution can provide 360 degree visibility to all parts of business performance and can help users to track and plan on performance based to accelerate planning cycles.

Profitbase, the company behind Profitbase Retail BI, was founded back in 2000 with a view to provide business intelligence and planning solutions. The Norway based company is currently offering services to more than 160 customers and has partners all around the world. The company is actually a merger between 2 companies and has offices in USA and Norway.

The rating of Profitbase Retail BI is 3.5 stars out of 5 and the total score is 82 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Profitbase Retail BI is specifically designed for small and medium sized retailers who want complete control and visibility on their store, inventory and sales operations. The business intelligence solution is great for retail, shipping, manufacturing, healthcare, oil and gas and other markets. World Health Organization, Levi’s and Saint Gobain are some of the clients of Profitbase Retail BI.

Yes, Profitbase Retail BI makes it fairly easy to use. This product is user friendly and intuitive.

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

No, currently Profitbase Retail BI can't be accessed on mobile, you would need to access it from your computer.

Profitbase Retail BI is ranked 84 out of 532 software in their category (Business Intelligence systems).

Profitbase Retail BI mostly focuses on reporting, planning and simulation features and is filled with rich business content. The reporting and monitoring part offers instant access to key performance indicators, one click drill to detailed reports, doesn’t require any training to use the properly configured role-based dashboards and can be used from mobile smartphones and tablets.

The planning, forecasting and budgets part offers integrating financial and operational planning, includes historical and actual data to support new plans, simplified input in spreadsheet like forms and tracking progress of planning processes.

The simulation part offers a way to check what will happen next and how can users optimize the outcome. Users can create various what if situations and business scenarios to understand the financial implications in different situations.

The simulation part comes with best and worst case sensitivity, rolling forecast, adjustments and standard charts and reports features. The software can be easily integrated with multiple data sources and the seamless integration feature can help users to reduce maintenance.

Some of the key competitors for Profitbase Retail BI are Epicor Quantisense and BIRetail.

Epicor Quantisense is a cloud based retail business intelligence tool. The product does not require a data warehouse for analytics, but instead can access information from all key enterprise applications and provide both predictive & prescriptive intelligence for operational & revenue improvement. There are also tools to review inventory status & historical stocking patterns to suggest replenishment & optimization strategies, with market basket analysis for customer buying & spending patterns to plan better for demand fulfillment.

Profitbase Retail BI on the other hand is a BI tool to track sales & inventory performance utilizing both KPIs and scorecards. It also includes market basket analysis, but provides an efficiency monitoring tool as well to track store operations profitability. Additionally there are options for payment analysis and reconciliation, with analytics to monitor refunds, cancellations & other non-sale transactions.

Then there is BIRetail which is cloud based and includes a library of industry KPIs to measure retail operational performance, with an alerting system that is triggered when certain analytic conditions are crossed. It supports many of the features of Profitbase Retail BI, but also includes business activity monitoring for process analysis, as well as multi-dimensional cube analysis for retail product sales.

Profitbase Retail BI on the other hand is modular based so that customers can choose the analytic tools best suited for their requirements. Additionally while it can integrate to multiple POS systems, there are options to connect with other customer applications including planning, e-commerce and loyalty programs to mention a few.

Schedule a demo with Profitbase Retail BI and access 65 must ask questions for the vendor while watching Profitbase Retail BI in action.