To compete in today's competitive market place, it is critical that business people have access to an accurate and holistic view of operations. The key element to sifting through a massive amount of data to gain this level of transparency is a robust analytics solution. As technology is constantly evolving, so too are data analytics solutions.
Read moreTopics: Job Role - Sales, Strategy, Management and Performance, Job Role - Executive, Industry - Retail, Trends
To compete in today's competitive market place, it is critical that business people have access to an accurate and holistic view of operations. The key element to sifting through a massive amount of data to gain this level of transparency is a robust analytics solution. As technology is constantly evolving, so too are data analytics solutions.
Read moreTopics: Job Role - Sales, Strategy, Management and Performance, Job Role - Executive, Industry - Retail, Trends
For a company to succeed with its business intelligence project, stakeholder engagement from start to finish is essential. By engaging in continuous communication with various people at different levels, you can make sure the project lives up to every stakeholder’s requirements and addresses data gaps from the outset.Then people have access to the data they need and can act on it.
Read moreTopics: Job Role - IT, Strategy, Management and Performance, Job Role - Executive
The difference between business intelligence (BI) and customer relationship management (CRM) can be confusing. This is because BI and CRM share a number of the same functions – most notably in using historical data to identify key trends that business people can use to their advantage. The similarities often mean there is an ongoing debate about which system is best for a business. The truth is, there is value in both depending on your business goals.
Read moreTopics: Business Intelligence Basics, Strategy, Management and Performance, ERP - CRM
Microsoft Excel is frequently referred to as the number one business intelligence (BI) tool because it is one of the most commonly used applications. For smaller businesses, Excel is a useful tool for simple calculations and analysis. However, as your business grows and customers are harder to keep, your need for sophisticated data analysis will outgrow Excel's capabilities.
Read moreTopics: ERP - Microsoft Excel, Dynamic reporting
There are many benefits for companies to invest in enterprise resource planning (ERP) technology, including enhanced automation for the ability to deal with a complex data landscape. Businesses who are upgrading from legacy systems to cloud-based solutions also reduce costs, improve security and easily integrate with other solutions. Implementing a new ERP is a big project that requires planning. So how can you keep all your data intact and accessible as you’re switching ERPs? ... a data analytics solution
Read moreTopics: Business Intelligence Basics, Job Role - IT, Strategy, Management and Performance, Job Role - Executive
Phocas data analytics is excited to be recognized as one of the most valuable business tools of 2020 by GetApp, a Gartner digital markets review website. The role of technology and ongoing digitalization remains critical to business success in 2021 as companies rely more on online orders and accurate data to gauge performance. The GetApp report identified 16 products that stood out among 1,000+ tools across 100 software categories to deliver excellent value—according to feedback from thousands of users. Phocas was awarded in multiple Category Leader reports.
Read moreTopics: Reviews and Recognition, Dynamic reporting, data visualizations
MYOB ERP systems like Advanced and Exo don’t just help your business manage financials, inventory, customers and other key factors — they’re also a wellspring of data. There are insights in your cloud MYOB ERP data that could be used to make more timely and informed decisions, address new opportunities and improve your operations over time.
Read moreTopics: ERP - MYOB EXO
Having a clean living and working environment is paramount, which has only heightened since the onsite of the coronavirus. When it comes to sanitation and cleanliness, this cannot be taken for granted – especially as workspaces and homes need to meet specific safety standards. The janitorial and sanitary industries are both predicted to grow by 10% in the next five years, so in this blog, we explore how individual companies can use data analytics to take advantage of the growth.
Read moreTopics: Industry - Janitorial, data analytics
The wholesale food industry is faced with many new challenges as a result of the pandemic, most notably a decline in demand for goods as hotels, restaurants, schools and sporting venues operate at a lower capacity. As countries continue to battle the virus, consumer spending on food has not returned to prior-year levels as restaurants open, then close and partially open again. Some distributors have evolved their business models to supply retail grocers and many have turned to their data to examine every product line and determine whether it's profitable.
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Management teams are no longer questioning whether or not to dig into the data; rather it’s which is the best tool to use for their businesses: an established, dedicated data analytics solution or software developed in-house? IT managers usually lead the project to find the best solution for the ERP and tech stack. As everyone is being asked to do more with less, have you considered the resources, usability, scalability and cost associated with each path?
Read moreTopics: Business Intelligence Basics, Job Role - IT, Strategy, Management and Performance, Job Role - Executive
