Business Automation and Software Blog

Business Intelligence is Not Just for Large Organizations

Posted by Robert Baran on Tue, Apr 10, 2012 @ 07:30 AM

Business Intelligence (BI) has been a popular term for quite some time, but its exact meaning has been elusive to the public. While business intelligence encompasses a variety of different activities, BI is ultimately a tool (or rather, many tools) that helps businesses produce reports and analyze business data.

Business intelligence has transformed the way many companies report and analyze their data. Because BI gives companies the ability to analyze their data themselves, companies no longer need to wait on their accountants or IT department for analysis. This immediate access to their data and its analysis gives companies the ability to make better decisions. BI does not only save companies significant time and money; it also helps companies identify, and ultimately act on, new business opportunities faster.

Many companies spend massive amounts of time creating customized reports. Prior to BI, many businesses exported crucial accounting information to Microsoft Excel in order to create these reports. This process, however, took a considerable amount of time and required continual exports in order to get up-to-date information. The right BI tool takes the challenge and frustration out of creating these reports. With the click of a mouse, you can drag and drop the columns until you get the exact report you need. The report is saved to your accounting system, giving you the ability to access the report anytime you need. Best of all, the reports saved to your system are automatically updated with the most current data when you run them.

We at Positive Vision are committed to helping your company get the most out of your software. We strive to ensure that your software gives you the capability to create customized reports, populated with real-time information in order to make the best decisions for your company. If you would like to learn more, attend one of our FREE Crystal Report Training Webinars and learn how BI can help you produce the reports that you have been missing.

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Topics: business intelligence, Business Reporting