As the financial backbone of your organization, your accounting software or ERP (enterprise resource planning) system houses the critical data you need to run your business. What you get out of this information depends on the tools you have in place to analyze it.
Most decision makers analyze data and business activity with standard reports and spreadsheets. While this may be enough to make informed decisions, you might be missing out on valuable analytics that could help put your company ahead of the competition.
Business intelligence tools enable you to slice and dice data in virtually unlimited ways, but keep data organized and displayed in a meaningful format that’s easy to understand. BI “dashboards,” customized for your business, display up to the minute operational information at a glance.
Using real-time information, you can monitor key performance indicators (KPIs), automatically receive alerts for changing business conditions, and stay informed of the overall financial health of your organization.
With so many business intelligence tools available, it can be overwhelming to figure out which one is best for your business. Some tools are already built in to ERP systems such as Microsoft Dynamics GP, Sage 100 and Sage 300.
Microsoft SharePoint and Microsoft SQL Server are other tools that integrate with most systems for BI purposes. BI software is also becoming increasingly popular for mobile devices, giving you the information you need at your fingertips.
Our Technology Solutions Group specializes in implementing, supporting, and customizing various business intelligence solutions. If you’d like to discuss business intelligence for your business, contact us today.