Providing real-time insights into your business
The different data visualization techniques that can make complex data intuitive and easy to understand. Both ERP and Business Intelligence play a crucial role in running a business successfully. While the ERP software helps you manage your business operations, a BI-system transforms all the operational data into intelligent and actionable insights. There are many benefits to investing in an ERP software integrated with BI tools.
The interactive dashboards are responsible for providing businesses with insights that have never been possible before.
A KPI visual is one of the best ways to communicate with your audience about your project’s progress.
At the same time, it also shows how far you are from the goal.
Since the purpose of KPI is to help you see the current standing of a metric against the target, Power BI’s KPI needs 3 values:
Reporting is a part of Business Intelligence that provides data in visualized forms such as tables, graphs, and charts. BI reporting analyses the data more accurately for easy understanding.
Benefits of Business Intelligence Reporting:
Predictive analysis is the combination of data, statistical algorithms, and machine learning techniques to provide better insights into the future outcome of data based on historical information.
Benefits of predictive analytics:
Companies need to forecast sales for two main reasons: to validate medium and long-term business plans. Both manufacturing and distribution companies need a minimum amount and minimum value of orders coming in to remain viable. If these orders are not going to arrive, it’s best to know beforehand so that options, like introducing new products or entering new markets, can be considered proactively. The second reason is that sales increases will impact a company’s resources.
Cash flow Forecasting offers smart solutions for CFO and Treasurers in large companies in any industry and all data sources.