National trivia day: Test your knowledge of data analytics in the context of a sales department

When to use an operating budget for more detailed planning

What is an operating budget? An operating budget is a resourceful tool that enables businesses to estimate income projections and expected expenses and plan for low-earning or high-spending months. This financial plan provides data that constantly records the costs of your business operations for a specific period (mainly up to the end of the year). It also serves as an outline detailing how much money a company spends and incurring expenses.

Improve planning with comprehensive sales forecasting

If the owner of your business wants to expand to a new State, would you have the sales forecasting figures to know whether the business can afford to do that or not? Or, if you had to produce a 3–year solvency projection for the CEO, is your sales forecasting process robust enough to support a reliable analysis?

We'll do the data wrangling, you do the analyzing

In today’s business world, we are faced with the constant struggle to bring our data into line. The sheer volume of data that businesses generate can be overwhelming to simply manage, never mind analyze. A survey by Phocas revealed that 60% of businesses identified ‘no expertise in-house,' and 33% said, ‘too much data to unravel' as the main obstacles that prevent them from breaking down data silos.

Phocas secures 37 top rankings in BARC's 2023 BI + Analytics Survey

The voice of the BI and analytics community has officially spoken following the release of The BI & Analytics Survey 23 by software selection and strategy experts, BARC last week.