For both ERP and analytics tools, it is important for company staff to have an understanding of the business and the information in the database, that is, what that information means in practice and how some individual figures are reflected in the business. Before implementing an analytics tool, it is a good idea for the company to have a joint workshop, for example, to look at how the information in the company’s ERP system describes the real world. This will help people using the analytics tool to make the most of the tool. The Management Consultant makes sure that the entire process runs perfect and then only you can come up with the perfect deals.
Get the tools to support your business environment
Analyzing business data also requires appropriate analytics tools. For the SME, it is important that the tool is easy to use and does not require too many resources to deploy. When choosing a tool, you should also try to ensure that the tool supports your business environment. At present, there are, as a general rule, either stand-alone BI software integrated into certain ERP systems, or so-called stand-alone BI software. Standalone BI software usually requires a separate and heavy deployment project, which is quite expensive. In turn, BI software integrated into ERP systems can be integrated into the ERP system very quickly and with little resources.
Find and retrieve information boldly and open-mindedly
Once the SME has adopted the BI tool, it is a good idea to start boldly and open-mindedly seeking information about the company. So, it’s not a good idea to look for information just from the perspective of problems or trends, but it’s a great idea to use the tool to research very broadly and in depth what all the information about a company is. The better the company management knows what kind of information about the company can be obtained, the better they will get to know the business of the company and the factors affecting it. So take a so-called creative approach to finding and analyzing information boldly searching and sniffing, which will make your business tick.
First of all, you need to outline what you want to do as an entrepreneur. This is called a business idea . A good business idea sums up your business into a few words and at most one sentence. When the idea is complete, first design the business on paper around the idea in the form of a business plan . If the idea does not work on paper, it will not work in practice. You can get in touch with a business representative in your area who will help you with your plan and idea, all for free.
In addition to ERP solutions, it’s also vital to invest in labor-management solutions such as online time clock software. This job clock allows you to efficiently manage your employees and their hours. Most solutions come with robust reporting options so you can analyze the information gained and determine where labor costs may need to be cut or re-budgeted.