There is a lot of talk about harnessing the power of big data and there could be something to that. However, before you make that leap, have you already harnessed the data that you generate each day? Replace disparate, specialty software programs with an integrated enterprise resource planning (ERP) solution and you can use your own data to get the insight you need to drive growth.
Big data is the big buzzword these days and large businesses are investing a rather significant amount of money on business analytics and other impressive applications. Most businesses don’t need this type of major investment, especially when they use a robust ERP solution such as
Microsoft Dynamics GP also offers an added advantage – business intelligence and robust reporting features. You can monitor data in real-time and watch for trends in business operations, inventory management, sales activities, or financial goals. Turn inventory management into a strategic advantage by maintaining leaner inventory levels, for example, which protects cash flow and reduces waste. You can identify trends in customer buying habits and learn which products are increasing in popularity, in which regions, or during seasonal times. You can then use this information to optimize procurement and manufacturing activities. In addition, with built-in and customizable reporting options, you can quickly and easily prepare accurate budgets, inventory forecasts, or financial reports for banks and shareholders as well as compliance reports for regulatory agencies.
Replace inefficient or entry-level business software with an integrated ERP solution to get the business intelligence that you need without an expensive investment in big data analytic systems. Contact Sherwood Systems to learn how you can get big insight with big data from a powerful ERP solution.
By Sherwood Systems,