Yes. You can easily add Google Analytics, which you can get directly from Google APIs, to any Business Catalyst site and get the rich reporting features that it provides. Business Catalyst also provides a built-in advanced reporting system with every site, which you can use without any extra configuration.
Karim was crystal clear and answered my questions well. I did not understand the scope of adobe +BC and if it would solve the problems of my groups website. It will. Two days ago I had a a chance to give them the good news. I like that I can work with Adobe +BC in putting together our program and hope everyone I consult with listens as well as Karim.Erin P.