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Basic Licensing for Reporting

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In the document Dynamics CRM Online Pricing and Licensing Guide for 2016, it states that Basic license users can run reports.  Further down, it states System reports, system charts, and system dashboards requires professional+.

If I take it at face value I appears I cannot run a System Report without a Professional License.  Or does "Run Reports" cover me with "Running" System Reports as well?

Thanks, 


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