Learn more about the connection between ERP software and business intelligence, and why your organization benefits from having both in place.
Your ERP system is the backbone of your organization. It stores all your data, records the details of your operations, and automates your processes. It breaks down silos and streamlines communication and collaboration between departments. It allows the company to operate out of one central, unified database.
However, it may not have the ability to translate your data into actionable insights on its own. While your ERP system can easily collect data and consolidate your information, it is a business intelligence solution that helps companies make sense of that data and transform it into useful insights that can help them make data-driven decisions.
By integrating your ERP with a dedicated BI tool, you can leverage the combined power of both solutions to empower your business and drive it forward.
Here are the top benefits of using ERP and BI software together:
Gain actionable insights
BI will give you a high-level view of your data within your ERP and can visualize that information in easy-to-read custom dashboards and reports. Having access to these insights and predictions helps you make data-driven decisions quickly and easily.
More accurate reporting
By automating your data analytics, you’ll save time and make your reports more accurate, as you reduce the risk of human errors.
Streamline your reporting process
Generating reports can become a full-time job, but with a BI solution, you can easily generate reports with minimal effort. This can free up your employees and allow them to focus on revenue-generating activities.
Gain insights from legacy data
BI software can analyze your historical data and give you insights that might help improve profitability.
Predictive analytics and forecasts
BI software improves your forecasting efforts and analyze your historic trends and data to predict future outcomes. This is very useful for identifying opportunities and gaining a competitive edge.
ERP and BI are Better Together
Chances are that you are not making the best use of your company’s data or getting the most value possible out of your ERP. By combining BI with your ERP system, you can leverage the full potential of these solutions and improve your core business processes.
Many modern ERP solutions nowadays come with in-built business intelligence functionality. For example, Microsoft’s ERP for small and medium enterprises, , comes with BI dashboards already integrated into the system. However, if you want a more robust BI solution, you can easily integrate it with Microsoft Power BI. for small and mid-sized businesses, and ultimately helps you make better business decisions across the board.
Got questions?
If you have any questions or need help integrating your ERP with a BI solution, get in touch with the Kwixand Solutions team. We are a Dynamics 365 Partner, based in Vancouver, Canada, and have helped numerous businesses across North America integrate their ERP system with BI solutions like Microsoft Power BI. Give us a call at 1-604-256-5800 or drop us a line at info@kwixand.com for more information.
By Kwixand Solutions, www.kwixand.com
