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Report Builder

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I had a chance to work with report builder a couple of years ago and it was terrible product back then. I have read a few posts that it has improved a lot in the recent versions. We are planning to use it for cube reporting as Excel pivot table has its own limitations. Is the recent version of report builder powerful enough to be used as a substitute for Excel pivot tables? What can I get out of Report Builder that I can't when reporting off of cubes using Excel? Any thoughts are appreciated.

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