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Many companies seek to become “data-driven” enterprises. Business intelligence solutions can be an integral part of a data-driven culture. Their user-friendliness ensures that even the “non techie” people in your organization can learn how to use them for maximum benefit. Creating a Data-Driven Culture Many companies in the manufacturing area are transforming how they make decisions. Changing towards a data-driven culture may not be easy, but business intelligence solutions can make it easier. The right business intelligence solutions combine accurate data, real-time updates, and simple dashboards that make logical sense for even novices to navigate. Such dashboards enable everyone—at all levels of the organization—to find, use, and understand the data inputted into the system. To create a data-driven culture, data must not only be freely available to all, but it must be easy to use. Without ease of use, data remains untapped. Priority must be given to installing systems that work well for the majority of users. Weaning Users Away from Spreadsheets Many businesses have used spreadsheets to capture, analyze, and manipulate data. Spreadsheets are readily available, easy to use, and inexpensive. However, they lack the power that business intelligence solutions provide, and are open to mistakes. Most spreadsheets require […]

If you’ve shied away from ERP systems because of rumors that their business intelligence solutions were too complex, it’s time to re-evaluate that concept. Today’s business intelligence solutions easily transform multiple data sources from throughout your company into meaningful information. A new white paper from IWI Consulting offers additional insights into the application and use of ERP systems for business intelligence. Embedded Business Intelligence Solutions Newer systems embed business intelligence solutions within the framework of the system. This makes it much easier to aggregate multiple data sources and run reports specific to your needs. Such reports can take a “big picture” view and report on factors from different areas within the company. According to the new white paper offered by IWI Consulting, the top applications embedded in business intelligence solutions include: Enterprise resource planning (ERP) Customer relationship management (CRM) Financial and accounting systems Supply chain management Marketing automation Among these types of software, BI is most frequently paired with ERP solutions. Studies indicate that businesses who use a combined, integrated ERP and business intelligence solution are on average twice as likely to gain real-time insights into the status of all business processes. This is a boon for business efficiency, productivity, […]

Many business owners seek a competitive advantage through better business intelligence. Business intelligence solutions, such as Sage Enterprise Intelligence can provide you with big-picture data of your organization’s performance. Such data enhances your ability to make timely, accurate, and judicious decisions. These decisions aren’t limited to the big picture, however. Every portion of your business, from the warehouse floor to the manufacturing area, benefits. The more data your managers have, the better they can do their jobs. There are many surprising benefits to be derived from the implementation of new business intelligence solutions. Sage commissioned Forrester Research to analyze data from a representative sample of companies on their implementation of Sage ERP X3. The resulting analysis showed abundant benefits and cost-savings. Some, however, were surprising. Three Surprising Benefits from the Implementation of Sage X3 and Enterprise Intelligence There are dozens of benefits your company gains from implementing business intelligence solutions. But three surprising areas include: Automating compliance Improving processes Enhancing availability of data. Automating compliance: Many companies have stringent approval processes over items such as discounts, price breaks, returns, and other areas that directly impact the bottom line. Workers, however, find themselves chasing down managers for approvals, sending myriad reminder […]

It can be hard to make sense of the dollars and cents, numbers and figures flowing from your company’s business intelligence solutions. When manufacturers were asked about areas where they invested in technology and the potential return on investment, one area stood out: business intelligence. Among those surveyed, collecting business insights was the number one priority for investment. For the 76 percent of manufacturers who made the investment into new software to collect business insights, an astonishing 100 percent saw an improvement. Anytime you see every manufacturer in a survey agreeing on something, it’s important to take note. When everyone agrees that investing in software to collect business insights does indeed improve business, it makes sense to explore it as an option. Manufacturing businesses face similar challenges no matter what products they make. Reducing the costs of overhead and raw materials, forecasting demand, increasing sales, and improving customer service are concerns shared by companies making everything from automotive parts to cardboard boxes. But one thing stands out: no matter what the problem, the solution lies in gaining deeper insights into existing business processes, and making sound decisions based on facts. You can accomplish this by including business intelligence solutions in […]