As I mentioned in my previous blog post, now more than ever, businesses need to be more proactive and have the ability to access data and intelligence to help facilitate better decision-making. Business intelligence (BI) capabilities in ERP solutions such as
Microsoft Dynamics GP business intelligence capabilities can equip organizations to make smarter decisions related to 3 essential activities for making fast, informed decisions that fuel success in today's business world including:
- Monitor Activity - Accurately monitoring current activity, comparing it to historical activity or plans, is essential to keeping business on track.
- Analyze Information and Trends - Looking deeply at the information retrieved during the monitoring phase, with ready access to details, helps businesses understand why data/information/results are what they are. Robust analysis capabilities enable the actionable insight needed to change the direction of a negative trend or take further advantage of a positive trend.
- Plan and Compare Against Actuals - Budgeting, forecasting, and planning are closely tied to monitoring and analysis. To remain competitive, companies need to compare plans to actuals, analyze that information, make the necessary adjustments, and then take action to move forward.
Microsoft Dynamics GP delivers a wide range of business intelligence capabilities to foster strategic insight. To take a closer look at how BI and Microsoft Dynamics GP can equip your organization to make smarter decisions, download this free whitepaper, “
By Roger Borek, Borek Business Solutions, an