Five Steps to Implementing a Business Intelligence Strategy

PostedOn: 2018-04-11 11:30:14

usiness Intelligence is becoming increasingly important for organizations of all sizes: it provides real-time insight into a company’s data, ensuring that growth and savings opportunities are not missed. Large quantities of information provide valuable information that companies can use to make better decisions, improve productivity and boost revenues.  So how can your organization take full advantage of the benefits as soon as possible? Here are five essential steps to follow when implementing a BI tool.  1. Keep it clean  The very first thing to do if you want to implement BI successfully is to make sure your databases are clean and accurate.  Start by removing old and irrelevant records on a regular basis. Get into this habit before you implement BI, and you’ll benefit from it sooner.  You should also know exactly where you get your data from. Focus on prioritizing information produced by your business. Data from other sources can be unreliable, so the more you generate

CRM And ERP Is Increased Agility

PostedOn: 2018-04-10 13:10:33

oes your business need to be more agile? The answer is a resounding yes! Virtually every business is facing a future full of changing requirements. Your competitors are changing and your customers are making new demands. To be successful in the future, your company needs to be able to adapt to changes quickly and cost-effectively. Integration between your CRM and ERP systems will help you achieve those goals, and give you a competitive advantage. Why Agility is So Important According to the Harvard Business Review, digital disruption is the main cause of the increased turnover of companies that appear in the S&P 500. Naturally, there are many reasons for companies dropping out, but digital disruption is clearly responsible for a large share of that movement, according to the HBR. A big part of a company’s ability to deal with the results of digital disruption is company-wide access to information. Keeping your CRM and ERP systems separate prevents you from providing that informat

How ERPs Reduce Inventory Costs

PostedOn: 2018-04-10 12:07:51

istribution is an expensive business. In addition to the costs all companies absorb in overhead, such as rent and employee costs, distribution companies also have to consider inventory costs. Unfortunately, many companies do not manage their inventory as well as they could, and that fact can really hurt the bottom line. How Inventory Costs Companies Money Implementing an inventory management system will help, to a degree, because it makes sure that the company isn’t holding unnecessary amounts of goods. But not just any system will do. If a company uses manual processes, it introduces the possibility of mistakes and slows down the whole operation. To compound the issue, even if an automated process is in place, for example, in the early stages of digital transformation, duplication and the lack of intelligence such a system generates can still be a problem. Managing Inventory Turnover The first thing that distribution companies need to understand is that inventory is, ultimatel

7 Improvements for Running the Back Office with Management Software

PostedOn: 2018-04-09 16:37:52

nyone who hasn’t been involved in the business for a couple of decades would be absolutely taken aback by what they see if they walked back into a modern office. From products to people to processes, new software products are changing the game when it comes to back office management. Here are seven technologies that have changed the ways that human decision-makers create a path advance for a business: Inventory Management Tools Inventory management is one of the biggest improvements that have been made in all of enterprise IT. Inventory tracking and managing tools help make inventory operations entirely transparent anyone can see how much inventory is on hand, and historically, how much inventory the business has used. But this is just the tip of the iceberg when it comes to what inventory management can do. These software tools can effectively help companies consolidate and potentially close down warehouse operations because of the enormous cost savings it provides. Inventory

WHAT IS ERP TESTING

PostedOn: 2018-04-06 11:51:03

hen enterprise resource planning software is first implemented, you want to make sure that everything has been installed correctly and runs smoothly. How would you accomplish this? By conducting ERP testing. What is ERP testing? Here is a definition: ERP testing ensures the proper functioning and configuration of each module that will be used, per the organization’s needs. Testing the ERP implementation process is important because of the very crucial role that it plays in the day to day activities of your business. There are different ways to test your new enterprise software. In today’s blog post, we will cover the different testing types, which are all meant to ensure that your business is getting the most out of your enterprise resource planning software. Continue reading to learn more about the testing process in detail. Getting Ready to Testing Your ERP System  With ERP testing, the focus tends to be on ethe functionality of each module under specific circumstances and sc

THE IMPORTANCE OF A MOBILE CRM SOLUTION

PostedOn: 2018-04-05 11:38:51

elow, we will explore some of the various ways in which a mobile CRM system can enhance the effectiveness of sales reps and customer service professionals. Sales on the go Your sales reps aren’t always at their desks. And neither are your prospects and customers. In sales, timeliness can be the difference between a new customer and a lost sale. Without a mobile app, your reps are stuck relying on their desktops or laptop to carry out their follow-ups and other sales tactics this method of selling isn’t always reliable or feasible. Accessibility needs to be a constant. With a mobile app, your sales reps can send out pricing guidelines, product information brochures, email blasts, and any other marketing-related materials directly from their mobile devices. This helps eliminate the need to deliver in-person resources and other methods of delivery which can be costly and time-consuming. Mobility will give your reps a quick and simplified way to reach out to their prospects and cust

5 Kinds of Software that can Dramatically Improve Your Blog

PostedOn: 2018-04-05 11:20:24

he idea of starting a blog runs through the mind of many youngsters who want to declare their independence and prove their capabilities.  Indeed, blogging sharpens your mind and helps you filter information, improves your writing skills and boosts your confidence, gives you the opportunity of meeting new people and making money, not to mention the fact that you will become an inspiration for many readers out there.  However, if you rely on your blog to earn your existence and increase your online notoriety, prepare to face disappointing times. Traffic is another important factor that you cannot overlook. You have to set the target audience because after all, you need to know who reads your blog.  In order to attract quality readers, you must create useful and exciting content, engage people and give them a compelling reason to return every single time.  Choose the right blog software Always keep in mind the fundamentals of blogging, which include:  Finding your niche Be

HOW CRM CAN IMPROVE SEO RESULTS

PostedOn: 2018-04-04 12:07:32

RM is meant to help businesses better understand and connect with their customers. The software stores information about customers from their names and contact information to their previous purchases and even their social media activity. Ultimately, this information helps sales reps perform their jobs exceptionally. Search engine optimization, most commonly known as SEO, is the practice and process of increasing the quantity and quality of traffic to your website through organic search results. These are two different things, so what would customer relationship management software have to do with search engine optimization? Believe it or not, these two can work closely together. Using a business’s CRM software can help your business develop strong SEO results. Before we get into today’s blog topic, let’s talk in detail about search engine optimization, since it is a topic that we don’t normally discuss in our blog posts. How Does SEO work? As mentioned earlier,  SEO is the

The Biggest Improvements to ERP Software in the last 5 years

PostedOn: 2018-04-04 11:20:42

n a world that is constantly changing, ERP software has also had to evolve to meet customers’ needs and stay competitive. There have been significant changes over the last five years with some being more of an improvement than others. Here’s a quick look at some top improvements to ERP software since 2013. 1. Giving companies the opportunity to move to the cloud Without a doubt, one of the biggest improvements to ERP software involves a company’s ability to switch to the cloud. There are several reasons companies have had such a positive response to the cloud. For example, it offers greater security by frequently testing for vulnerabilities and making certain data is securely backed up with a disaster recovery plan in place. The cloud also offers anywhere access to information by partners, staff, and customers and eliminates the need to purchase additional storage/server hardware. As a bonus, the up-front costs tend to be less expensive. In fact, in Panorama’s most recent 

How Can Data Science Improve Risk Management

PostedOn: 2018-04-03 13:02:42

nowledge is power, and more data can translate into more insights. Risk management has always been a matter of measuring. The process aims to quantify the frequency of loss and multiply it by the severity of the damage. Therefore, data should be at the core of it, primarily since every transaction generates data and metadata which can be included in models. Yet, to be useful, it has to be correctly selected, filtered and analyzed.  Implementation of data science in an organization requires a dedicated strategy to avoid sub-par results and information overload. When done correctly, it can offer a competitive advantage, insights and even new ways to tackle old problems.  In a nutshell, risk management through the lens of data science becomes the ability to transform data into action.  How Can Data Science Change Risk Management? Employing Data Science to evaluate risks is a cross-disciplinary effort. For a thorough analysis, it is necessary to have knowledge about the domain, excel

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