Increase data visibility into your business
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Increase data visibility into your business

Business leaders want to make decisions faster and with more efficiency.  Without visible data that is accessible and organized, it’s nearly impossible to make well-informed decisions. Liked driving a car on a foggy road at night, you will have difficulty identifying the best route or avoiding potential obstacles on the road. However, with data visibility, you have the clarity to make good decisions at the right time, as well as the flexibility to respond to potential challenges.

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Topics: Business Intelligence Basics, Industry - Electrical, Job Role - Executive

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Increase data visibility into your business

increase-data-visibility-into-your-business

Business leaders want to make decisions faster and with more efficiency.  Without visible data that is accessible and organized, it’s nearly impossible to make well-informed decisions. Liked driving a car on a foggy road at night, you will have difficulty identifying the best route or avoiding potential obstacles on the road. However, with data visibility, you have the clarity to make good decisions at the right time, as well as the flexibility to respond to potential challenges.

Read more

Topics: Business Intelligence Basics, Industry - Electrical, Job Role - Executive

Established BI solutions vs. in-house development

Established BI solutions vs in-house development

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. Have you considered the resources, usability, scalability and cost associated with each path?

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Topics: Business Intelligence Basics, Job Role - IT, Strategy, Management and Performance, Job Role - Executive

Are you treating your data as an asset?

manage-data-as-an-asset

While most executives understand that their data is an asset, many haven’t harnessed the valuable insights accessible with a data analytics solution.  The immense amount of data you generate may seem impossible to understand, but data analytics will transform it into clear, actionable information.  Another way at looking at data, if you closed your doors tomorrow, what would the new owner be most interested in? – the products on your shelves or the insights into your customers?

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Topics: Business Intelligence Basics, Job Role - Executive, Job Role - Marketing

Beat your competition with the data you already have

5-metrics-every-sales-manager-know-measure-webinar.jpg

In the course of daily operations, companies often generate a great deal of data that can be leveraged to gain a significant advantage over their competition. This data includes information about sales, marketing, inventory, financials, employees and more.

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Topics: Business Intelligence Basics, Industry - Wholesale Distribution, Job Role - Executive

CRM + business intelligence =great decision making

crm-plus-business-intelligence-great-data-insights

A customer relationship management (CRM) system gathers and consolidates raw data from customer interactions into a single database. CRM systems then combine this raw and contextual data to evaluate and classify customers. Because a CRM system offers limited analysis, implementing a business intelligence (BI) solution along with your CRM creates a powerful tool for customer-centric companies. In this blog, we will discuss how combining a BI solution with a CRM delivers faster decision-making. 

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Topics: Business Intelligence Basics, Job Role - Marketing, CRM

Reduce costs with data analytics

reduce-costs-with-data-analytics

Your seemingly unimportant data can be used to help your company lower costs which increases profits. When companies gain more experience in analyzing data, the real costs to serve become more visible. Instead of cutting costs at random, data analytics provides insight to make strategic adjustments. Companies who can quantify gains from analyzing data report an average 10% reduction in costs each year. In addition to lowering costs, data analysis helps companies invest capital more efficiently. 

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Topics: Business Intelligence Basics, Job Role - Executive, Job Role - Inventory/Operations, Job Role - Marketing

The future of e-commerce for growing businesses

the-future-of-e-commerce-for-growing-businesses

Whether you work for a retail, distribution or manufacturing organization, selling more product at the highest profit margin is a constant goal. Companies understand that the rise in e-commerce technology presents an opportunity to sell more on a global scale and deliver products faster and easier to more customers. Smart businesses are keeping up with the interplay between experiential and transactional to remain competitive.

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Topics: Industry - Manufacturing, Business Intelligence Basics, Industry - Wholesale Distribution, Industry - Retail

Stewart’s of Scotland concentrates on profitability with Phocas

stewarts-of-scotland-concentrates-on-profitability-with-phocas

Phocas data analytics is exhibiting at the UBT Trade Expo 2019 in Warwick this week. This three-day event is for UK business leaders, and you can meet the Phocas team at stand #10. We are keen to share with you how other UBT members are using our solution to find insights from their data and create better outcomes for customers and stronger margins for their products. 

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Topics: Business Intelligence Basics, Job Role - Sales, Job Role - Executive, Job Role - Inventory/Operations

How to determine who owes you money

How-to-determine-who-owes-you-money

The ability to determine how much outstanding money is owed to your company is vital to the ongoing management and sometimes survival of a business . As such, it’s important that relationship managers have the ability to examine which accounts are overdue or have a credit freeze on them so they can work with finance and customers to rectify the situation.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Sales

Phocas celebrates 1000 customers on cloud solution

Phocas-celebrates-1000-customers-on-cloud-solution

Businesses seek tools to analyze data for improved decision making, and increasingly, they want to leverage cloud solutions to optimize operational efficiency. Phocas cloud data analytics is the combination of these two services. Phocas launched the cloud solution in 2016, and three years later, we have our 1000th software as a service (SaaS) customer. To celebrate this milestone, we outline some key benefits of using cloud data analytics.

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Topics: Business Intelligence Basics, Company Updates

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