Very often, small and mid-size business owners spend their time solving operational problems that could have been anticipated and planned for with the use of business intelligence. Phocas, makers of award-winning business intelligence (BI) software designed for manufacturing, distribution and retail companies, presents several indicators to help you determine if BI could benefit your operations.
1. Your idea of business intelligence is a spreadsheet
Using spreadsheets for analysis doesn’t mean you have business intelligence. Spreadsheet-based BI is highly inefficient and mostly ineffective. True business intelligence delivers accurate insights based on consolidated, real-time data to minimise errors. And a great BI tool is built on a simple interface to maximise efficiency.
2. Your business intelligence process is largely manual
Business intelligence technology no longer requires manual data entry and manipulation from disparate systems. Current business intelligence tools allow you to automate several processes – report generation, data consolidation, de-duping – to expedite the data analysis and generate insight.
3. It takes a few days to draw insight from your data
The goal of BI is to help you make better decisions in real time. If its taking decision makers too long to receive, analyse and act on the data you are simply using reporting, not Business Intelligence.
To learn more about these, and other, indicators that your business intelligence methods are below par, visit the Phocas news blog and download their eBook, Sales Guide to Analytics.
The Brown Smith Wallace Distribution and Manufacturing Software Guides for 2013 are currently available.
You can download each one directly, or visit our main website to request a copy. Please follow the links below.
You can also request these guides, as well as all other materials, via our website: http://www.
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