The business and economic environment isn’t easy. Competition is getting more aggressive, and customers demand more and different options while margins are shrinking, and the cost of operations just seems to go up. Business owners and their CFOs are recognizing the need to change the way they operate, and that they must innovate and adapt with new technology. A more modern approach to business captures data from every aspect of the operation to reveal information not otherwise available, and that information leads to better decision making and deeper insight. Data are just data until it can be transformed into information that matters.
It is possible to change the way critical business decisions are made and to radically improve how the business serves customers, empowers the workforce, and keeps mobile workers working. The key is in leveraging cloud platforms and technologies to enable the collection of data that comes from every business activity.
What if you could identify trends and patterns in sales and customer data, informing your marketing and sales strategies to make them more effective? How about monitoring key performance indicators (KPIs) related to revenues and expenses to improve financial management? Maybe you would like to analyze supply chain and inventory management metrics to find way to optimize those areas of operation.
From software and systems that facilitate field service and mobile work to logistics and supply chain management, business intelligence is developed when the data is available to be combined with other information and reported on in meaningful ways.
Business intelligence comes from all aspects of the business, not just accounting and finance. Particularly in a volatile economy where uncertainty weighs heavily on each and every business owner, it is essential that businesses make the best possible use of their information assets, including finding the best way to identify and capture opportunities which will propel the business forward.
Data is just data, but information is power. We can’t say that often enough.
It takes skill and experience to turn raw data into instant insight, and this is where Mendelson Consulting can help. With a wise and intelligent approach to “enabling” the businesses with tools to help streamline and improve process effectiveness, and structuring systems to capture and integrate data throughout the operation, Mendelson Consulting assists their clients in turning operational and accounting systems into solutions which deliver the data needed to produce actionable information supporting better decision-making.
Cloud platforms enable businesses to take advantage of enterprise technologies without the commitment and spend, and web-based services can solve file sharing and data collection challenges regardless of location. Products like Clearify’s QQube can even transform QuickBooks desktop data for data warehousing or advanced reporting with Microsoft Power BI and more.
Data are just data until you do something with it. Your business should be collecting, analyzing and using all the valuable information it produces.