Data is a critical resource for modern companies. The drive for improved access to data-driven tools for making decisions has created challenges for managing and delivering data to users in formats that can easily be used daily. Company owners and managers need ERP business intelligence software to provide access to easy-to-digest reports, charts, etc. Embedded analytics fill this requirement and allow employees to work with fresh data quickly.
Embedded Analytics Defined
Embedded analytics (EA) is a software extension to an existing application that brings the full benefits of BI to employees to provide quicker, data-informed decisions without interrupting their workflow. EA plugs data in the form of reports, dashboards, and data visualizations into applications, putting the information where it will get used. Instead of users having to learn a new application to get the data to improve decision-making, the data they need is provided to them in the systems with which they are already familiar and know how to use.
General Benefits of EA
As manufacturers continue to generate large volumes of data from the Internet of Things and other data sources, it only has value if it can be accessed and used within the applications where actions can be taken. EA provides opportunities to use the data, enabling user-friendly insights that can be shared internally and externally. It includes the governance and data controls for businesses to determine which users have access to what data and present reports or data visualizations securely.
EA enables users to identify and mitigate issues and spot opportunities. It gives workers in functions like the shop floor or dealing with customers, the insights to make informed decisions at each interaction in real-time, driving better outcomes, improving customer service, and increasing competitiveness.
ERP Business Intelligence in Manufacturing
Manufacturing organizations use a variety of different data sources, many of which are independent, which makes it difficult to identify connections between them. ERP business intelligence brings data visualizations and interactive dashboards to manufacturing staff so they can visualize complex data, making it simpler to understand the complex relationships within the data.
An ERP system with its own EA solution allows for easy integration and consolidation of disparate data into one unified view, which can serve as a source of faster problem resolution and identification of new opportunities.
ERP Business Intelligence Consolidates Data in Multiple Roles
ERP business intelligence can be used to optimize budgeting, financial planning, and forecasting. It provides the ability to analyze at-a-glance key data such as days sales of inventory, days sales outstanding, total accounts payable, and total accounts receivable.
- Supply Chain
ERP business intelligence can be used in supply chain management to help businesses track inventory levels and monitor supplier performance. It can be used to gain insights into supply chain operations and make data-driven decisions to improve efficiency and reduce costs. A supply chain dashboard can help to track inventory levels, logistics management and warehouse operations from a single display.
- Production Management
It can bring predictive analytics and mobile-friendly tools for manufacturers to ensure high quality, optimized performance and yield, and reduced costs. These tools can assist in managing production capacity and minimizing equipment downtime, thereby improving operational efficiency.
- Customer Service
Ensuring a great customer experience is critical to the success of a manufacturing company. Customers expect more personalized and customized products and to provide this service data is needed. ERP business intelligence offers sales staff the data insights that can help them personalize service to an individual customer.
ERP Systems Deploy Data to Keep Companies Competitive
Data drives today’s competitive business environment. The ERP deploys data analytics tools embedded within the system that people use daily. Staff get a digital workplace capability where they can perform data analysis as part of their workflow without having to use another app. EA can be used for specific processes, ensuring that implementation is rolled out to functions that can be delivered to selected users quickly before rolling it out to other departments of the business.
Let PositiveVision Help You with Your ERP System Choice
PositiveVision is known for providing exemplary service. Since we opened our doors to customers in 2002, we have been helping them fill the goal between where they are and where they need to be with their ERP software. Our business goal has always been to keep our customers’ goals at the forefront of everything we do. If you are curious about how you can empower your team with timely data, click here to access this SYSPRO webinar. To discover more about PositiveVision and SYSPRO’s ERP solutions, contact us to speak to one of our product experts today.