Benefits of Business intelligence tool that can provide business insights to an organizationby Swarnali Ganguly SEO Executive
Automation and digital transformation are the two most popular trends that are catching up the market fast. There’s no denying the fact that automation can help make accounting process uncluttered and error free. Most of the organizations are preferring automation to be introduced in their business process as it can help ease off the load from the shoulders of the employees and they can save their precious time and effort to do something more productive.
Tally is one of the best reports generating tools most of the organizations use and there are a number of business intelligence tools that take tally support to generate user friendly reports that an organization can directly use in a presentation. There are a number of benefits when one gets business intelligence tool installed to ease the business process of a particular organization. In tally e-commerce integration can be easily done for the benefit of the organization.
There are a number of benefits if one gets BI tool for the organization. Few of them are as mentioned below-
Getting business insights-
It is important for the entrepreneur or the business-owner to get proper insights about his or her business. Most of the organizations lag behind because they do not get proper insights and rely on what their middle management informs them. An entrepreneur must know where the enterprise is heading towards so that if required, the organization can take an effective step for the benefit of the organization. With the help of tally data synchronization is too easy using a BI tool.
Helps in taking timely business decisions-
A business intelligence tool can help take timely decisions and encourages quick decision making that can help the organization a lot. The more the organization takes in taking business decision, the more it is prone to face business and financial losses.
Easy to find new revenue earning opportunities-
Once the entrepreneur has all the data, he or she’s able to evaluate the business scope and identify the arenas where it can earn revenue easily. The entrepreneur can introduce a new business plan keeping in sync with the market trends that can appeal the customers.
The benefit of automation is that the entrepreneur doesn’t require keeping in mind what report to send, whom to send and when to send. Scheduling feature allows the professional to set the task in schedule and it would send the particular report monthly/bi-monthly/weekly or date-wise as per the requirements. One can also set the scheduling for a specific group of individuals and the BI tool would send mails to some selective people on their ID.
Automated insights deliver what we have perhaps overlooked-
Automated insights provide us an opportunity to provide reports, and few of them are the reports we haven’t asked it for. This can help us provide the information and shows us the overlooked aspect that one needs to look after and work on.
Streamlined inventory management –
With custom BI tools and reports generated by them, one can manage the inventory of an organization in a most uncluttered way possible. The reports can help detect any error in the data, will identify and correct it in no time.
Less time in generating reports, thus improved efficiency possible-
Business Intelligence tool can help in generating faster reports, and hence the efficiency becomes better than manual work.
Helps in providing more information about the customers-
A business intelligence tool can help an organization to provide more information on the likes and dislikes of the customers. This can help them decide how to plan for the next step and bring out a lucrative plan to attract more customers. In a way, the plan would help enhance the sale margins for the organization.
A successful entrepreneur is s/he who can take decisions in time and thinks ahead of the time. So, if s/he can introduce Business Intelligence tool to ease his or her business process, nothing can be better than that.
Created on Jan 12th 2018 01:52. Viewed 520 times.