4 elements of an efficient business intelligence tool
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4 elements of an efficient business intelligence tool

There are so many business intelligence tools on the market, all promising a competitive edge for your business. A good start is ensuring the software is compatible with your ERP and the tool has built-in content relevant for your industry.  Most business people need access to data quickly so being able to rely on industry specific dashboards and metrics makes adoption across the business more accessible. To ensure your investment in business intelligence is future proof, we also have a 4 point checklist to consider.

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Topics: Business Intelligence Basics, Job Role - IT, business intelligence dashboards, data visualizations, Inventory Management, KPIs and metrics

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4 elements of an efficient business intelligence tool

There are so many business intelligence tools on the market, all promising a competitive edge for your business. A good start is ensuring the software is compatible with your ERP and the tool has built-in content relevant for your industry.  Most business people need access to data quickly so being able to rely on industry specific dashboards and metrics makes adoption across the business more accessible. To ensure your investment in business intelligence is future proof, we also have a 4 point checklist to consider.

Read more

Topics: Business Intelligence Basics, Job Role - IT, business intelligence dashboards, data visualizations, Inventory Management, KPIs and metrics

How to find sales revenue in your data

When leading a sales team, all roads must lead to revenue-generating opportunities. And with data considered the most important business asset, you need to consolidate and aggregate your data so you can analyze it accurately. Finding and measuring sales revenue is easy with data analytics, and the new insight will help you reach your sales targets.

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Topics: Business Intelligence Basics, Job Role - Sales, cross-selling, business intelligence dashboards

The KPIs every manufacturer should know and measure

ebook-the-kpis-every-manufacturer-should-know-and-measure

When it comes to achieving success in manufacturing, the industry is way beyond the idea that data matters. Manufacturers and the decision-makers that run them understand the value of data and are turning to BI strategies and manufacturing KPIs in times of uncertainty. Leaders want to know how decisions on production runs, purchasing and the supply chain impact their financial KPIs faster than traditional reporting allows so they are looking to BI to provide this insight.

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Topics: Industry - Manufacturing, Job Role - Finance, Job Role - Executive, Dynamic reporting, business intelligence dashboards, Inventory Management, KPIs and metrics

Ad hoc financial analysis and reporting for everyone

In many companies, the IT department creates a library of pre-built templates for generating static financial reports from the ERP. These reports reflect data in a standardized format and layout. Yet often a decision-maker requires more information or wants to drill down on specific data. In such cases, they have to come back to the finance team (or the IT team) who investigates the matter and generates more standardized static reports. Now with new software, it is possible to remove the middle person and carry out ad hoc financial analysis – at any time – to quickly solve a pressing issue.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting, business intelligence dashboards, data visualizations

The evolution of financial statement planning and analysis

Your finance team may be wasting their precious time in preparing outdated static reports, to provide insights which don’t matter anymore.Technology has transformed how the decision makers can leverage data to make informed decisions. Instead of waiting for year-end or month-end reports to analyze your financial health, the decision makers now require up-to-date insights to make on-the-go decisions and create new opportunities for business growth. Financial statement planning and analysis has evolved significantly, and with it, the need of switching to software has also increased tremendously.

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Financial Statements, Dynamic reporting, business intelligence dashboards, data visualizations

How to increase profitability in the automotive industry

It is no secret that the automotive aftermarket is cut throat and  consolidating rapidly. Customers now bargain from cost and up, rather from advertised price and down, making it more important than ever to manage pricing strategically. At the same time, customers generally have higher expectations than before with regards to customer service. This is why many automotive aftermarket businesses are turning to their data to address inventory, profitability and margins.

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Topics: Business Intelligence Basics, Industry - Automotive, KPIs, cross-selling, business intelligence dashboards

Data management: 6 dos and don’ts of managing your business with data

 


Business intelligence (BI) systems provide a single source of truth for data management across all of your operations’ data. BI aggregates the data in a way that makes it easier for you and your team to access and analyze information for more strategic decision-making. Tracking key metrics across inventory, customer behavior, finance, and other areas of your business has never been more important with the uncertainties that are impacting practically every industry today. As you evaluate your BI strategy and the role analytics plays in your future, consider the following six dos and don’ts for data management to make data more accessible and meaningful to your teams.

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Topics: Business Intelligence Basics, Job Role - Executive, Job Role - Inventory/Operations, decision-making, business intelligence dashboards, data visualizations, KPIs and metrics

[eBook] Benefits of scorecards and dashboards

Phocas_DashboardsScorecardseBook_blog

In today’s modern mid-sized organization, having quick and easy access to company data in the form of a scorecard or dashboard is a cost-effective way to improve efficiencies and increase profit margins. The ability to turn raw information into actionable intelligence is essential to understanding how to better serve customers, reduce costs and streamline processes.

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Topics: Strategy, Management and Performance, Job Role - Executive, business intelligence dashboards, data visualizations

What is an interactive dashboard?

An interactive dashboard allows you to drill down and filter information so data can be viewed from different perspectives or in more detail. With a condensed and clear presentation of the business figures, dashboards enable data-driven company decisions. People don’t need to analyze the whole data set to tell them what's the matter - the headline information is there. People know the colour in the chart needs to be green not red and so using the interactive features of the dashboard, can find out why this is the case. 

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Topics: Business Intelligence Basics, Job Role - Finance, Job Role - Executive, Dynamic reporting, business intelligence dashboards

Harrisons Sauces increases profitability with BI solution

Harrisons Sauces is part of BI Europe and manufactures condiments and sauces, supplying a variety of sweet and savoury sauces and seasoning to a wide range of market sectors across the globe. The company uses an ERP system to manage and control its manufacturing processes and has added Phocas cloud business intelligence software to streamline products and increase profitability.

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Topics: Case Study, Industry - Manufacturing, Business Intelligence Basics, Industry - Food and Beverage, Job Role - Inventory/Operations, decision-making, Dynamic reporting, business intelligence dashboards, data visualizations

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