Define business intelligence and list the signs your business needs BI
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Define business intelligence and list the signs your business needs BI

One way to define business intelligence (BI) is to say BI takes away the trauma of spreadsheets and instead uses the power of queries and algorithms contained in the software to review your data and provide ready to go actions. Business intelligence changes the way companies operate and drives accurate data-driven decisions. Gone are the days of business owners spending their time solving day-to-day operational problems. BI helps business people to anticipate, plan and be proactive with data insights. 

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Topics: Business Intelligence Basics, data visualizations

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Define business intelligence and list the signs your business needs BI

One way to define business intelligence (BI) is to say BI takes away the trauma of spreadsheets and instead uses the power of queries and algorithms contained in the software to review your data and provide ready to go actions. Business intelligence changes the way companies operate and drives accurate data-driven decisions. Gone are the days of business owners spending their time solving day-to-day operational problems. BI helps business people to anticipate, plan and be proactive with data insights. 

Read more

Topics: Business Intelligence Basics, data visualizations

How real-time dashboards keep managers on target

how-real-time-dashboards-keep-managers-on-target

A real-time dashboard provides up to the minute insight into the performance of numerous business processes from production to delivery. Every department of a company has specific performance metrics that can be monitored to ensure the company is operating at peak performance. Integrating these metrics into a dashboard allows users to spot a problem quickly so you can get right back on track or respond to exactly what your customers need.

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Topics: Business Intelligence Basics, Job Role - Executive, data visualizations, KPIs and metrics

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

Take control with self-service data analytics

take-control-with-self-service-business-analytics

Nearly all companies in today’s world have one common goal: keeping the user experience simple. This reduction in size, steps, and clicks does not mean the technology is any less sophisticated — in fact, it’s just the opposite. In relation to data, self-service data analytics solutions enable users of all skill levels to independently access, query and analyze company data.

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Topics: Job Role - Inventory/Operations, Job Role - Marketing, data analytics, data visualizations

Phocas a 'High Performer' in G2 Crowd's BI Grid

Phocas Software is a 'High Performer' on G2 Crowd’s best business intelligence platform grid for the summer. G2 Crowd is an independent software review platform that collects transparent and unbiased software recommendations from current users. Phocas' leadership as a High Performer is primarily driven by high customer satisfaction scores.

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Topics: Business Intelligence Basics, Job Role - IT, Reviews and Recognition, Dynamic reporting, data visualizations

What's new in manufacturing software?


In manufacturing, most companies can’t make products any faster or cheaper, so they need to achieve efficiencies through data and the back office. ERP, data analytics and the new Epicor Data Analytics (EDA) Financial Statements manufacturing software helps facilitate these gains. Many manufacturers using Epicor ERPs benefit from the partnership between Phocas and Epicor and use the white-labelled Epicor Data Analytics plus EDA Financial Statements to do systematic analysis of their data and monitor KPIs.

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Topics: Industry - Manufacturing, Financial Statements, data analytics, data visualizations, KPIs and metrics

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

Attract and keep the best finance talent with financial analysis software

There is a global shortage of finance talent. Yet there is also a growing push toward having a more modern finance team that can be ready for anything, can quickly share up-to-date numbers and coach others in the business about financial performance. The biggest obstacle to achieving digital innovation in finance is the lack of trained teams. To help address the problem, companies need to consider intuitive financial analysis software. These tools can build a bridge to digitizing finance capabilities providing benefits for both the experienced finance team member and the rookie.

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

Making decisions viable with data

validate-decisions-with-data

Do you ever make decisions on the run? Have you dropped the price on a product by a few percent for a good customer and then found they didn’t increase sales and you lost money? Whether you have a family-run organization or an international company, data should be the foundation of your strategic decision-making.  With the right data analysis and tools, what was once a gut-feel decision becomes actionable insight that will lead to greater business success.

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

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