Page 14 - Merchant Ebook

3. Real-Time Company Wide

Business Intelligence:

Reporting and Analytics

One of the major driving forces encouraging merchants to
implement new ERP or business software systems is their
inability to get the information they need from their existing
systems. Gathering, storing, analysing and accessing real-time,
company-wide information is critical to your organisations’
success.

In the ever-changing and complex world of business, survival
often depends on your ability to spot a trend, identify an
opportunity and quickly capitalise on it. And, regardless of
your role, finger-tip access to high-quality and timely data at
all times is crucial. In fact, unless you really have to run static
reports, you should try to avoid it.

Today, there are an ever-growing array of business intelligence
tools available that can analyse your data way beyond anything
you might ever need. Most business systems will offer a level
of Business Intelligence (BI) as an integrated feature and it is
important to exploit all of these opportunities. Challenge your
system provider to show you the different layers of analysis
you can perform as standard.

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