If you are running a business that is experiencing some serious growth, you have probably found that it can be hard to get a total perspective of you financial outlook and performance overall. While you continue to grow and add suppliers, customers and products, you will need to be able to access the information that matters most to your organization. That means that every member of your team will need business intelligence software that will give them an accurate and timely look at what is critical to their unique role in the company. Not to mention they will need user friendly business intelligence dashboards to ensure they will use the solution.
With that in mind we have created a five-blog series in which we will tackle the much talked about world of enterprise business intelligence software and dive into the principles that will be sure to get you and your team armed with the input you require to manage and grow a better business. Here is the first installment in the series:
Better, Not Bigger, Business Intelligence Dashboards
Making a successful business run smoothly relies on the ability to find insight in the piles business data that accrue. To be a success, your team needs to be able to transform data into insights that offer actionable outcomes. With Business intelligence dashboards in Microsoft Dynamics NAV your people will be better equipped to make informed business decision as a normal part of their workday by making the tools on their desktop that much more effective. These include:
- Role Based Reporting: Monitor current activity and compare it to historical performance and growth targets, giving your people access to specific reports related to their task or role.
- Easy Access to Charts and KPIs: View business performance at a glance and drill into more detail when trends are spotted and you need additional information.
- Ad-hoc Query and Analysis: Robust analysis capabilities, especially with a familiar tool like Microsoft Office Excel, enable your team do ad-hoc queries on the fly without the help of IT. They can compare plans to actuals, analyze that information, make the necessary adjustments, and then take action.
With business intelligence dashboards in Microsoft Dynamics NAV, you and your team can also be notified when key thresholds are hit, either through emails in your inbox or messages on your homepage. For example, establish the parameters that make the most sense for your business and get alerts when sales drop below expectations, inventory levels rise, or cash flow is a potential concern.
When you have the right insight and can take quick action, you can make the types of decisions that save and make real money. Don’t just take our word for it. Read how Talking Rain, a consumer packaged goods distributor, used Microsoft Dynamics NAV to get the right information into the hands of their employees for better decision-making, or watch the video case study here:
Talking Rain Takes on Competition
That was our first installment on business intelligence dashboards. Next time, we’ll talk about how your team can take BI and reporting into their own hands without relying on IT.
Learn more about a business solution from Microsoft that goes beyond ERP, take a product test drive or continue to read more about our solutions.
About goERPcloud
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