How to upload budgets into Phocas ready for FY20
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How to upload budgets into Phocas ready for FY20

A budget is a financial plan for a defined period, normally a year. It greatly enhances the success of any undertaking. As the saying goes, "if you fail to plan then plan to fail." Budgets are an integral part of running any business efficiently and effectively. Aside from assigning resources, a budget can also aid in setting goals, measuring outcomes and planning for contingencies.

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

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How to upload budgets into Phocas ready for FY20

how-to-upload-budgets-in-Phocas-for-FY20

A budget is a financial plan for a defined period, normally a year. It greatly enhances the success of any undertaking. As the saying goes, "if you fail to plan then plan to fail." Budgets are an integral part of running any business efficiently and effectively. Aside from assigning resources, a budget can also aid in setting goals, measuring outcomes and planning for contingencies.

Read more

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

How to get your KPIs on track with data analytics

how-to-get-your-KPIs-on-track-with-data-analytics

Many data analytics vendors give users the ability to measure everything but offer little guidance.  This can be overwhelming for new users. At Phocas, we provide you with the ability to measure everything and determine the metrics that really matter to your business. To get you started, Phocas will help you establish critical metrics, and then teach you how to quickly identify areas of concern to meet the unique needs of your business. 

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

Is data the true international language?

is-data-the-true-international-language

You don’t have to look very far to recognize the importance of data analytics in our world; from the Weather Channel using historical weather patterns to predict London's summer, to a professional baseball team using on-base plus slugging percentage to determine who is more deserving of playing time, to Disney using films’ historical box office data to nail down the release date of its next Star Wars film.

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

Can push notifications work to your advantage?

can-push-notifications-work-to-your-advantage

Are you tired of all the emails that land in your inbox? How about only being notified when there is a problem in your business or when a customer reaches target? These push notifications are called alerts in Phocas and many companies across manufacturing and distribution are using them every day - to stay in control of their business.

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Topics: Business Intelligence Basics, Job Role - Sales, Product, Job Role - Executive

How to compare multiple data streams: actual sales v budget v stretch budget

how-to-compare-multiple-data-streams--actual-sales-v-budget-v-stretch-budget

Comparison of sales information against targets has many benefits such as allowing individuals to be more strategic, more motivated and more in control of their actions. This video contained in the Phocas online library shows you how to compare multiple data sources to see sales performance against budget and stretch budget.

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Topics: Job Role - Sales, Job Role - Executive

Five benefits of data analytics for your sales branches

five-benefits-of-data-analytics-for-your-sales-branches

Your branches are the frontline of your business, leading the charge when it comes to customer interaction and building customer loyalty. At times, it may seem like they’re on an island, isolated from the rest of your company, operating independently or waiting for instructions on how to drive sales and profitability.

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Topics: Business Intelligence Basics, Job Role - Sales, Job Role - Executive, Industry - Consumer Goods

Chain restaurants devour data analytics

chain-restaurants-devour-data-analytics

A chain restaurant’s profitability often depends on its capacity to control costs. Data analytics provides a full picture of customer preferences and is a valuable tool for restaurant chains to address stock control and to attract local business.

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Topics: Industry - Food and Beverage, Job Role - Sales

Sales reps may not think they need data analytics. Here’s why they do.

sales-reps-may-not-think-they-need-data-analytics-here-s-why-they-do

Many sales reps have a certain way of doing things. Implementing new processes or adding new tools or technologies that attempt to change their habits can often be met with resistance.

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

How to maximise value from your business data

how-to-maximise-value-from-your-business-data

Now it's no secret that business leaders consider data as one of, if not their most important assets. But how much is it worth and how do you go about maximizing the value you get from your data? Read more

Topics: Industry - Manufacturing, Industry - Wholesale Distribution, Job Role - Sales

How to track your sales reps performance against budget

how-to-track-your-sales-reps-performance-against-budget

Sales methods must adapt to a rapidly changing marketplace. Therefore, it’s crucial that sales teams have access to accurate data in real-time so they can adjust their techniques as needed. Having a clear view of their performance gives them the power to make the adjustments necessary to hit their marks and stay ahead of the competition.

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Topics: Job Role - Sales, Product, Job Role - Inventory/Operations

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