Profitbase Retail BI Review - why 3.5 stars?

Shlomi Lavi / updated: Jul 15, 2022

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What is Profitbase Retail BI?

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.

Who is it best for?

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.

Main features and functionalities

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.

What is the actual cost?

ITQlick pricing score is 4.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Profitbase Retail BI. You can also find here pricing information from Profitbase Retail BI's website.

Pros

• Profitbase Retail BI is specifically designed for small and medium sized retailers
• Profitbase Retail BI supports creating what if situations to help users prepare for the future
• The deployment options of Profitbase Retail BI offer SaaS/Hosting and Microsoft Financing
• The BI software supports adding new business systems through acquisition or system upgrades
• The BI solution is based on NRF ARTS standards and is easy to upgrade and maintain

Cons

• Profitbase Retail BI doesn’t offer any mobile dedicated app for iOS and Android users
• Profitbase Retail BI 3D visualization or vector-based graphics like other similar BI tools
• The customer support of Profitbase Retail BI doesn’t offer any live 24/7 hour phone support
• The BI solution doesn’t offer YouTube and Dailymotion analytics feature like other similar tools
• The business intelligence solution is only available in English and Norwegian language as of this time

How it stacks up?

Access a head to head analysis of Profitbase Retail BI vs alternative software solutions.

Frequently Asked Questions (FAQs)