As businesses grow, there comes a point where you can no longer manage by instinct and need to move to manage by data. That is because it becomes increasingly difficult to keep track of everything that is going on in your business.
When the company is small, you can be pretty aware of cash flow, success of your products or services, status of projects, etc. As the business grows and you implement more systems, finding answers to basic questions can take a lot of time when you have to pull the info from those different systems (e.g. accounting, ERP, and CRM). So, you probably do not gather this information frequently, if at all.
That is why you may want to consider business intelligence software. It aggregates data from different systems and presents it in a way that is easy for you to digest. Plus, it is available in real time or near real time. This information allows you to make more intelligent decisions and helps with forecasting. When applied properly, it can even provide a competitive advantage.
If you are looking to apply business intelligence to your business, we recommend that you check out Halo. Not only are they are client of Skyriver IT, they have a very impressive platform that requires a lot less investment than many other systems.
So, if you are looking to make better decisions within your business, consider using business intelligence software.
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