- March 14, 2019
- Posted by: admin
- Category: Uncategorized
Business Intelligence company-SO, you’ve bitten the bullet and invested in a new accounting solution. You feel as if you’ve dragged the company through a traumatic period in time, and are now feeling like you’re out the other end, and are finally on top of everything. You’ve won over the staff in the warehouse, and they are now happily booking in stock.
The accounts office are delighted about the neat new invoices they’re sending out. Even the managing director is enjoying life, as your now linked to your bank account and they can easily see on their computer screen, how much money is coming into the company, and how much is going out!
What else would a progressive company possibly need, to run smoother and more efficient? It’s time for you not to get comfortable and start looking at business intelligence.
Business intelligence takes the useful data that’s collected, but dormant in your accounting software, and provides you with meaningful, accurate information, to help you succeed further. This additional information will give you the confidence you require, to act and make on-the-go decisions, about your business, based on real meaningful facts and figures.
This business intelligence will free you from the burden, of never really knowing how healthy your business is, at any given moment. This is the power of, and effectiveness of, business intelligence and why there are quick wins as soon as you start making use of it. Business intelligence can be an effective weapon in the battle for business growth.
You’ll know when your business is ready for business intelligence. When you want to look at the current reports and graphs, your financial system provides you with, and compare them with the same period last year or the year before. Unless you can immediately identify, and therefore address what is causing a shrinking in your profits, things are likely to get worse.
A good business intelligence dashboard will provide you with information, to show how well your business is performing, by monitoring monthly sales trends, your expenditures, and track your profits margins. By having dynamic information such as this at your fingertips, you’ll be able to determine trends, that will impact on future business decisions.
Read More Here
Article Credit: IN
The post Is your company ready for ‘business intelligence’? appeared first on erpinnews.