Your enterprise resource planning system (ERP) contains thousands or even millions of data points that contain the financial history of your company. But more important, this data is the key to your company’s future.
There is a plethora of information about sales performance, product performance, production and operations detail, human resource management, project management, and so much more that can and should be used for analysis and decision making. But you have to be able to access it and analyze it in a way that is timely and meaningful.
Enter business intelligence. Business intelligence (BI) allows you to consolidate your ERP data with data from other systems like your customer relationship management (CRM) system and financial and operating applications and enables you to create reports and perform ad hoc analyses. A true BI platform gives even a non-technical user interactive, self-service access to data and allows drill-down, aggregation, and filtering of the data at the speed of thought—you see something that you question on the screen and you click into it to get your answers. You can show trends and correlations, identify outliers and eliminate them from your analysis, re-order tables, and convert your data to stunning and enlightening visualizations that highlight the story in your data.
Learn more about using BI with your ERP—read What Is a BI Software Solution and related posts on the BI Chat blog.
The folks at NexVue are BI experts and can implement BI when they implement your ERP, making the data more accessible and providing faster time to value for your ERP. Contact us for a demo of how BI can augment your ERP and provide insights into your business that will help put you ahead of your competition.
By Sandi Richards Forman, NexVue Information Systems, www.nexvue.com