The companies that consistently win in today’s hyper-competitive markets are those that adapt to take advantage of opportunities, respond flexibly to change, and quickly resolve adverse issues. To become this type of agile business, each of your departments and teams needs to leverage business-critical information and take corrective actions in real time.
Leveraging business-critical information and taking corrective actions in real time are just some of the things you can do with business intelligence (BI), which is defined as turning raw data into meaningful business metrics.
Doing BI “the old way” meant people from each department manually gathered data from a wide range of sources, spent countless hours crunching numbers in spreadsheets, and wasted precious time developing presentation-style reports of their findings. When you consider the amount of effort this process consumed, the resource usage was rarely worth the results – especially because the data was out of date before the presentations were even finished.
Today, SAP Business One eliminates the need for super-human BI efforts by having BI built in. This means your BI data collection and manipulation happens automatically and in real time alongside your daily operations; to make this happen, SAP Business One incorporates several core BI capabilities into the ERP architecture. These include pervasive analytics, interactive analysis, and reporting.
SAP Business One provides real-time dashboard views of the key performance indicators that drive your business. Recognizing the uniqueness of every business, SAP created customizable dashboards that provide snapshots based on the data that concerns you most; with no limit to the number of dashboards you can customize, you gain views into management-level metrics as well as more granular KPIs, offering the day-to-day control necessary to recognize and respond to issues as quickly as possible.
Analytics is more than just finances – it incorporates all aspects of your business, including customer and supplier debt, sales, cash flow, bookkeeping, warehouse stock, financial statements, pricing, customer activity, and more.
Business One makes analysis and reporting easy with out-of-the-box report templates; if your team lacks analytical expertise or the time to determine which analytics are most important, templates help you get started faster and enable you to analyze your SAP data quickly. In addition, SAP Business One offers simple data navigation techniques, allowing all users to easily retrieve the data they need to do their jobs, saving time and adding value to their decision-making processes.
Anyone can create custom queries of SAP Business One data with just a few mouse clicks. SAP Business One provides a translation or “semantic” layer that allows a business user of the system to easily request data using common names for the data, rather than having to memorize technical field names. Then using the familiar interface of Microsoft Excel and pivot tables, system users or business analysts can easily perform interactive analysis.
To optimize corrective actions and response times, SAP Business One allows users to view and refresh live data as they create their queries.
Crystal Reports, which makes it easy to create graphical reports surface results, has led the market for years in terms of breadth, depth, and ease-of-use. Its report creation tool has a report definition wizard, making the creation process intuitive for users.
Reporting can occur at any time. Whether your users require details around simple, everyday transactions or advanced financial statements with dashboard views, the reporting tool provides all reports whenever they’re needed.
The Benefits of BI are Hard to Overstate
Having BI capabilities in your ERP system instantly gives you meaningful views into the critical operations occurring in your company. Instead of reacting to out-of-date reports on a monthly or quarterly basis, you gain insights as fast as they happen. Even more compelling, your managers have a better handle on day-to-day results in their own departments, making them better able to respond with corrective action as situations arise – and making your business better at servicing customers and more agile than the competition.
Contact us today to learn more about SAP Business One and its BI capabilities, or join our next Software Selection and Implementation Masterclass if you are currently in the market for a new solution.
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