Introduction
We live in the age of information and information is ultimately power. The bad thing is, we are now often buried under information, making it difficult to make sense of it without any special tools.
Many business owners and managers have been slow to adopt Enterprise Intelligence mainly due to lack of knowledge of what exactly it is. Furthermore, it can be time-consuming to review and there is a concern if it really has any benefit for a business at all. The truth is, it should be an integral part of any operation.
Enterprise Intelligence is a concept that typically involves the delivery and integration of relevant and useful business information in an organisation. As such, companies use it to detect significant events and identify/monitor business trends in order to adapt quickly to their changing environment or scenario. If you use effective Enterprise Intelligence in your organisation, you can improve the decision-making processes at all levels of management and improve your tactical and strategic management processes.
It’s not only for enterprise companies, virtually every small, mid-sized and large business can benefit from it. There are many upsides to Enterprise Intelligence solutions. This article will discuss why companies should be adopting Sage Enterprise Intelligence into their day-to-day business processes.
Boost productivity
Through traditional data gathering methods, users need to compile and analyse data and write related reports. This can be incredibly time-consuming, especially for small businesses that may not have the employees to do it. With Sage Enterprise Intelligence, you can pull data and create the reports at the click of a button. This will free up time and resources allowing employees to be more productive on their own tasks.
Achieve results closer to established goals
As a business owner, you constantly set goals for a project or venture. Sometimes, the results of those set goals produce an outcome that is drastically different from the initial goal. Using a tool like Sage Enterprise Intelligence will allow you to keep track of information and have it accessible by parties that need it, when they need it. You can automatically generate and distribute reports based on a predefined schedule, allowing you to track the outcome of your set goals better.
Return on investment (ROI)
At the end of the day, a business wants to achieve the highest possible return on investment. Businesses should be turning to Sage Enterprise Intelligence as it will allow you to focus your efforts on improving your ROI by providing you with:
- Better strategic awareness
- Faster reporting
- Decreased operating costs
- Lower overheads
- Access to better quality data and information
Improve visibility
If you want to improve your control over various important processes in your organisation, Sage Enterprise Intelligence will help you improve the visibility of these processes and make it possible to identify any areas that need improvement. You will be equipped with diagnostic and analysis tools to focus your attention on important events that affect your business.
Turn data into actionable information
Sage Enterprise Intelligence is an analytical tool that can give you the insight you need to make successful strategic plans for your organisation. This is because it is able to identify key trends and patterns in your organisation’s data and consequently make it easier for you to make important connections between different areas of your business that may otherwise seem unrelated. Your business will be able to transform complex, fragmented data into meaningful information that has real decision-making power.
Improve efficiency
One of the most important reasons why you need to invest in Sage Enterprise Intelligence is because such a system can improve efficiency within your organisation. You can use the sets of data it can provide you with to share information across different departments in your organisation. This will enable you to save time on reporting processes and analytics.
This ease in information sharing is likely to reduce duplication of roles and duties within the organisation and improve the accuracy and usefulness of the data generated by different departments.
Fact-based decisions
Once a company-wide Enterprise Intelligence system is in place like Sage Enterprise Intelligence, management is able to see detailed, current data on all aspects of the business such as financial data, production data, and customer data. They can read reports that synthesise this information in pre-determined ways such as current return on investment reports for individual products or product lines. This information helps management make fact-based decisions.
Identify opportunities
Sage Enterprise Intelligence can help a company assess its own capabilities and compare its relative strengths and weaknesses in order to respond quickly to change. It will help your organisation act swiftly and correctly in response to opportunities, helping the company identify its most profitable areas.
In conclusion
In order to reap all the benefits of an effective Enterprise Intelligence system, ensure you invest in skilled personnel and software designed for analytical efficiency and accessibility. You should also make sure that the system you choose can analyse both the content and context of data.
Sage Enterprise Intelligence provides real-time access to enterprise-wide information, supporting data entry and business logic applications such as budgeting and forecasting. You will be in control of your business and reports, accessing your company’s information quickly, easily, and securely.
