In the dawn of growing business intelligence, many companies succeed in planning and management with the help of automated and organized data gathering. Successful companies that have integrated BI software to help them become the gigantic businesses they are today include T.G.I Fridays, Wendy’s, and Rudy’s. Yes, BI software is […]
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There are three things that a business should be prepared for it to succeed: Budgeting, planning, and forecasting (BP&F). These three elements tell whether your business is on the right track and project if it can even compete with their competitors within the industry. When it comes to financial goals, […]
Decision making is vital in business management, but without factual information about the market, product, and places, it is not “decision making” but a mere hazard guessing. We live in a day where all information can be stored and disseminated at an insanely fast rate. Businesses have adapted to this […]
Some companies often believe that Business Intelligence (BI) is too costly, but that does not have to be the case. There are BI options that are less expensive than is often assumed, and BI can do a great deal for a company. Additionally, the ROI received makes the investment a […]
Recent research has shown that high employee engagement is not just a nicety, but is fundamentally essential to an organization’s success and also directly linked to the bottom line. A new study conducted by IBM shows that a single percentage point increase in an organization’s Employee Engagement Index (EEI) adds […]
If your enterprise heavily relies on spreadsheets for data collection and analysis, your business may need a new solution. The spreadsheet only process was an excellent tool in the 1980’s before technological advances and cloud-based performance management tools emerged. The challenges businesses face today are numerous and complex, without dealing with […]
To achieve sustained growth and gain a competitive advantage, companies need to be able to use analytics and business intelligence to develop actionable, data-driven insights. Unfortunately, analytics is not a one-size-fits-all solution. The business manager, business analyst, and executive all have different needs when it comes to analytics and business […]
What lessons can our busy, modern business execs learn from events from the mid-19th century? To find out more, let’s pick up on this excerpt from a late night conversation over hot cocoa and donuts taken from a surveillance scanner at the Bat Cave between Batman and Robin. ROBIN: Holy […]
With the growing volumes of data and report requirements from both regulators and stakeholders, organizations are feeling the pain of having to produce internal and external reports as well as managing the financial disclosure processes effectively. In order to produce these reports, finance professionals are manually copying data from disparate […]
Proper financial management is the core of efficient, successful business operations. By utilizing integrated budgeting and planning strategies, organizations are able to respond quickly to change, pinpoint performance gaps, gather clear insight into new objectives, view impactful performance targets and contingency plans, foster improved communication with stakeholders, and capture a […]