Why Business Intelligence Is Vital To Business Success

Why Business Intelligence Is Vital To Business Success

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In this data driven world, business intelligence has become an important asset for all companies. With organizations, business owners and managers are bombarded with ‘information overload’, they are seeking ways how to use this data to improve the decision making processes at all levels of management. If organizations can transform even the fraction of captured data into actionable insights, then they find themselves with an advantage over other, less data-minded competitors.

Business Intelligence (BI) solutions convert your company’s information into structured, analyzable insight, enabling you to have access to details insights and analytics about the business. With business intelligence tools, organizations can also identify the risks related to business and can make decisions to eliminate and effectively manage these risks. Furthermore, BI software can improve efficiency within your organization by saving your time on reporting processes and analytics. BI systems help in reducing duplication of roles/duties within the organization and improve the accuracy and usefulness of the data generated by different departments. Furthermore, information sharing also saves time and improves productivity.

Now, the question is with so many BI solutions available in the market, which one can help your business. As an authorized Oracle NetSuite implementation partner, we would suggest NetSuite SuiteAnalytics for your business. As a leader in providing embedded analytics, NetSuite enables you to discover hidden information that can be used to make critical decisions. NetSuite SuiteAnalytics enables you to leverage Business Intelligence to gain meaningful insight into company’s performance across multiple departments, teams and subsidiaries. With real-time Saved Searches, Reporting, Key Performance Indicators (KPIs) Dashboards and Workbook, SuiteAnalytics brings real time transparency into company performance across all business functions— from summary level to transaction level. With all data residing in a single source, SuiteAnalytics present you single version of truth with no complexity or latency of data warehousing systems or disparate systems.

SuiteAnalytics – Enabling you to drive Actionable Analysis

Correct and well-timed analytics help organizations to make successful strategic plans. Oracle NetSuite SuiteAnalytics enables you to identify key trends and patterns that help you to make important connections between different areas of your business that may otherwise seem unrelated. Based on these deep actionable insights into company’s data, you can plan for a successful future. SuiteAnalytics is always innovating to make the NetSuite experience easier to query, report, present and act on to drive actionable analysis.

Key components of SuiteAnalytics:-

SuiteAnalytics Workbook – SuiteAnalytics comes with Workbook having powerful analytical capabilities using which users can perform complex data analytics tasks while exploring data with the help of sophisticated criteria filters with real-time visualizations. Workbooks can be saved, shared, reused with content easily deployed in NetSuite dashboard as portlets. With the help of workbook, you can identify new opportunities, discover unexpected business problems and build processes to enable continuous learning and feedback. Capabilities like pivoting & charting enable decision makers to see analytics presented visually to understand details behind the data better, comparing performance, identifying trends and issues, and making good decisions quickly.

SuiteAnalytics Saved Search – With Saved Search, you will get a list of real-time results based on criteria and filters that can be shared with other users via email to selected recipients at scheduled intervals and/or when results are updated without needing to rerun the search. Saved Search results can also be kept in private and can be exported in Excel, CSV and PDF formats.

SuiteAnalytics Reports – With SuiteAnalytics Reports, you get a set of standard and customizable reports for nearly all transaction types. These reports can be modified, and custom reports can also be created based on the business needs. With drill-down capability, business users can quickly and easily move from a summary level directly to greater detail and access real-time information to proactively manage for better results.

SuiteAnalytics KPI – NetSuite offers you the flexibility to easily add KPIs to improve efficiency and business agility. KPIs offer easy and intuitive way to users to drill down and to interact with their data. Users can create custom tabs for additional KPI information.

SuiteAnalytics Dashboard – With real-time dashboards, you get a single system of record across all areas of the company—from accounting and sales, to fulfillment and support, enabling you to gain actionable insight to meet the dynamic changing needs of your business.

SuiteAnalytics Connect – With SuiteAnalytics Connect, you get the ability to archive, analyze and report on NetSuite data using a third-party tool or any custom-built application. NetSuite Connect offers ODBC, JDBC and ADO.NET drivers that enable connectivity to variety of compatible applications, including Microsoft® Excel, BIRST, Adaptive and many other compatible applications.

Thus, we can infer from the above text that NetSuite SuiteAnalytics will enable you gain deep actionable insights that can help in streamlining your business processes to improve organizational efficiency. Get answers to questions on what is happening in your business with SuiteAnalytics.

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