When it comes to running a business, having easy access to the right data can be crucial. Whether the data is used for marketing and sales purposes or utilized for executive level decisions, data informs you of what’s going on behind the scenes. It provides important insights that allow you to pinpoint areas of your business and how to make improvements moving forward, ultimately helping grow your business.
That being said, it’s important that you have a platform in place that understands the importance of data. Luckily, Stripe provides two products that offer convenient and customizable options.
Sigma
Stripe Sigma is a powerful tool that allows businesses to create custom reports and data analyses using SQL. It's a convenient way for companies to analyze their data and make informed decisions about their business, as well as save time by automating the process of generating reports.
One of the key features of Sigma is the ability to create custom reports. You can use SQL to query your data and generate reports that are tailored to your specific needs. This is particularly useful if you have a lot of data or if you need to analyze your data in a specific way that isn't possible with the standard reports provided by Stripe.
Another advantage of Sigma is that it allows you to easily collaborate. Increase productivity by saving frequently-run queries and have the ability to share queries with others directly in Sigma.
Data Pipeline
The Stripe Data Pipeline is designed to make it easy for businesses to integrate data from their Stripe account with other business systems, such as their CRM or accounting software. It allows businesses to extract data from Stripe, transform it into a format that is compatible with their other systems, and load it into their data warehouse for analysis and reporting.
One of the key benefits of using the Data Pipeline is that it automates the process of extracting and loading data from Stripe. This eliminates the need for manual data entry or the use of custom scripts, which can be time-consuming and prone to errors.
It also offers a range of features and tools that make it easy for businesses to extract and transform data from Stripe. For example, businesses can use the pipeline to filter data by date range, account type, or transaction type.
In addition to extracting and transforming data from Stripe, the data pipeline also allows businesses to load data into a range of data warehouses, including Amazon Redshift and Snowflake. This enables businesses to store and analyze their data in a centralized location, making it easier to generate reports and insights.
Overall
Both products offer beneficial features. Sigma is a valuable resource for businesses looking to analyze, customize, and understand their data in more depth. Meanwhile, Data Pipeline is a powerful tool that allows businesses to easily extract, transform, and load data from Stripe into a data warehouse, saving time and resources.
If you’re ready to get started with Stripe’s custom reports or begin syncing to your data warehouse, contact us today and we’ll be happy to assist!