Business intelligence software
What is business intelligence?
When we talk about Business Intelligence (BI) within the context of ERP, we mean the ability to leverage and transform raw ERP data into visually meaningful and useful strategic information which can be used to enable efficient business insights, with a view to steering senior management decision-making in an effective and timely manner.
BI tools have the ability to simplify complex data by delivering visualization tools such as, graphs, KPI’s and dashboards that consolidate and display the required results into a meaningful format of your choice.
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Why do I need Business intelligence software?
Because it is able to convey meaning to ‘big data’ and has the result of boosting productivity, increasing Sales and Marketing insight, improving visibility and it just makes good sense to get the most out of your business data. By using our integrated business intelligence (BI) software, our operators can quickly and easily turn data into visual insights empowering them to action. By having a BI module embedded within a fully end-to-end ERP, our customers are confident that they are always using the most up-to-date data and are therefore able to completely analyze the current market situation to make well-grounded business decisions.
Main purposes of BI software:
- Analyzing the strengths, weaknesses and opportunities within your business;
- Identifying how effective business objectives are being met;
- Tracking business processes (e.g. sales, production, warehousing, phone calls, customers etc.);
- Discovering and managing new opportunities;
- Quickly reacting to market demands.
Using Enapps BI tools within the ERP
When you have implemented an end-to-end enterprise wide ERP system it makes good business sense to make the best use of the newly structured data in ways which were simply not possible pre-implementation. All data held within a fully unified and integrated system can only ever deliver a ‘single version of the truth’, so you can 100% rely on the data. You now have a new-found ability to quickly and easily ‘slice and dice’ all of your data pretty much at will.
Some of the benefits when using our Business intelligence software:
- Decreased manual work: Desired results can usually be delivered with just a few mouse-clicks vastly reducing or completely eliminating manual work.
- Faster and more accurate planning analysis and reporting: Since all of the data is held within a single database environment, all of the required data is at your fingertips.
- No special knowledge required: Once the standard implementation training has been given, our on-screen reports and all of the other BI tools, are easily understood by non-technical ERP operators. It is also very easy to interpret the reports due to the large number of visualization tools available such as Bar, Funnel and Pie charts.
- Remove the guesswork: Business decisions are sometimes treated like taking a bit of a flutter. Key decision makers are often left with the option of ‘making the best guess’ or ‘going with their gut feel.’ If you run your business based on these strategies, it means that you have been lacking the comprehensive business data tools (BI) to make reliable informed decisions.
- Increased competitiveness: You now have the new-found ability to react much quicker to market forces and you will find that you have become more competitive within your business sector.
- Increase ‘up-sell’ and ‘cross-sell’ opportunities: Our BI tools allow you to make use of your valuable customer data to improve your customer knowledge enabling you to identify new opportunities within your existing customer base.
- A better understanding of your business: A major strength of a BI system is the ability to deliver business statistics over any given period of time. This could be how many pieces of a certain product were sold, when they were sold, to which customers and by which Sales person. A complete overview on customer behavior and experience can they be gleaned by analyzing this data which will help you better plan for the company’s future.
- Proactively track KPI’s: By configuring KPI alerts when data regarding a specific KPI reaches a certain point, you can immediately ‘drill down’ to see why it happened and more importantly what you can do to fix it.