ERP and Business Intelligence



Most companies enjoy access to accurate and timely data managed by their ERP system. Key for overall business performance, is the ability for clients to use consolidated data for powerful insight into context and trends. This is where Business Intelligence trends become important.
ERP systems adequately track functional areas of an enterprise, such as shipping, inventory, accounts receivable and more. True business value comes from business intelligence trends, namely, business intelligence (BI) applications – the powerful, intuitive analysis tools that provide real-time, enterprise-wide insight for fact-based actions and intelligent decisions.
When an ERP solution integrates business intelligence, clients benefit from deeper business insight.  Once business intelligence requirements are addressed, companies are better armed to make improved decisions about planning, forecasting, production scheduling, supply chain management and more.
From customizable dashboards to graphical charts, business intelligence reports gather, compare, share and analyze real-time data. BI applications drive business process improvement across the enterprise.
Business Intelligence applications offer companies a comprehensive suite of tools including interactive dashboards, ad-hoc queries, integrated scorecards and strategy management, and more.   Companies use BI tools for greater visibility into every aspect of their operation thought rich visualization, interactive charts, maps, and a range of customizable formats. 
Users are better able to make informed business decisions via a wide range of reporting and analysis tools that effectively monitor, analyze, and plan.  The system accurately monitors current business activity, and compare it to historical activity and future plans to deliver contextual information companies need to keep performance on track.  Users can also browse inquiries and trace transactions.
Users can also analyze business information stored in their ERP database and create reports to assist them in managing, forecasting and planning. Business intelligence trends and tools translate ERP operational data into graphical reports and dashboards that improve understanding of the data’s implications across a company’s operation

Comments

Post a Comment

Popular posts from this blog

Three Ways to Get More Out of Your Current ERP System

Image
How can a company realize a larger return on investment and business benefits from their investments in their ERP software? This is a topic that most companies enjoy discussing about. Here are three key points: 1. Understand and leverage the functionality you already have.  Many ERP vendors offer a wide array of core functionality, advanced modules, and third-party applications to address the needs of their customer base. So much so, in fact, that many customers don’t fully understand the full breadth of what is right in front of them.  One key lesson for companies is that many broken business processes or perceived weaknesses in the system are often easily addressed by better leveraging functionality that already exists but isn’t necessarily being used by the organization. This can be a more cost effective solution than ripping out and replacing your incumbent ERP software package. 2. It’s never too early or too late to develop your business blueprint.  It’s amazing
Read more

TOP 15 BENEFITS OF IMPLEMENTING ERP SOFTWARE

Image
There are many advantages to implementing an Enterprise Resource Planning (ERP) software solution. Among countless other advantages, implementing  ERP software  can improve productivity, increase efficiencies, decrease costs and streamline processes. Let’s look at 15 of the most common benefits of an ERP system that companies have reported after implementation. ERP implementation is broken up into three phases: discovery, implementation, and results. In the initial phase, we install the software, build a prototype, and train your staff. Then we test the ERP system, create reporting templates, and run more targeted training sessions. Finally, we finalize the model of your ERP system, conduct readiness assessments, and go live. Workwise provides expert level software implementation, which is the process of placing sub-systems into your main ERP system and ensuring that they all are able to function together as one seamless system. Taking knowledge based approach to ERP impleme
Read more

Understanding the Difference Between ERP Systems and Accounting Software

Image
In the dynamic landscape of business management, having the right tools at your disposal is crucial for success. Among these tools, Enterprise Resource Planning (ERP) systems and accounting software play pivotal roles. While these terms are often used interchangeably, they serve distinct purposes in helping businesses manage their operations and finances effectively. In this blog, we will delve into the definitions of ERP systems and accounting software, explore their key differences, and discuss the benefits they offer to businesses.   Defining Accounting Software: Accounting software serves as a fundamental tool for managing financial transactions and generating essential financial reports. It encompasses various functions such as bookkeeping, invoicing, payroll management, accounts payable and receivable, and cash flow management. Advanced accounting solutions also offer features for tax compliance, budgeting, forecasting, auditing, and financial analysis. By automating financial pr
Read more