ERP systems are melting pots of business data. If you’re like many wholesalers and distributors, you have a mountain of information that is collecting in your ERP system.
NB: This is an excerpt from our latest eBook: 'Infor SX.e ERP - make data driven decisions'. To download the eBook, click here.
You may not fully realize everything that is contained in the volumes of data or everything that it can do for your business, but you know there is value in the growing pool of information. What many companies are finding is that a companion business intelligence (BI) tools can complement their ERP systems, turning the data into strategic insights and sales opportunities.
ERP and the data dilemma
Hundreds of wholesale distributors in the building materials, plumbing, electrical and janitorial supplies industries are using Infor SX.e to streamline their business processes and drive growth and opportunity throughout their operations.
SX.e is the system you access first and throughout the day.
The ability to access from a single dashboard a clear picture of performance of your core business processes, from supply chain, procurement, and inventory to finance and human resources, is critical to becoming a data-driven organization. After all, you are being challenged every day to improve customer service and increase sales. You count on your ERP and the data you collect to make those processes easier.
Each of your core functions generates significant amounts of data on any given business day. Your ERP system is designed to help you manage your business processes, aggregate and automate the flow of your information so you can monitor and manage the day-to-day needs of your business. Bringing all of your processes together, along with your data, under a single system can increase productivity and help you adapt to an evolving market. It also provides broad visibility across your organization and improves profitability and operational efficiency. Oftentimes, however the volumes of data coming from across your enterprise can make effective and timely decision-making more difficult than it needs to be. Getting information into your ERP system can be easy. Getting meaningful data out can be a challenge.
How can you get more reporting power from the data that sitting in your Infor SX.e systems?
A growing number of SX.e users are adopting BI software to get even more from their data.
This eBook will outline the key benefits of integrating BI into your ERP system and provide details on how BI can support your entire enterprise from management and sales, to inventory and purchasing, and finance.
What is business intelligence and why is it important?
Forrester Research defines BI as “a set of methodologies, processes, architectures and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical and operational insights and decision-making.”
While every company collects information, it’s the ability to turn that data into results that is the power behind BI.
As a business leader, you face a number of uncertainties, from market conditions and competition to customers’ buying behavior. BI minimizes the uncertainty of the future of your business by turning your raw data into easily understood charts, graphs or maps. With BI you can review past performance, identify trends and discover opportunities that can help you achieve your goals and objectives. BI is important because your team, at every level of your business, can be empowered with information to make more strategic business decisions.
Click here or on the image below to download the full eBook. Learn how you can make data driven decisions with Infor SX.e and Phocas business intelligence.