OpenPro

While ERP solutions are the cornerstone for making data acquisition more efficient, Business Intelligence (BI) and analytics are at the core of high-level decision making in an organization. In fact, 48% firms claim  that cloud BI is critical to their business operations. In broad terms, Business Intelligence is the transformation of raw data  into actionable and meaningful insights that reflect upon the historical, current and predictive business trends and performance. BI tools allow companies to monitor Key Performance Indicators (KPIs) in real-time and take corrective actions; they’re like your organization’s eyes and ears. Simply having an ERP solution installed isn’t enough; you need to leverage BI tools to make the data work. BI enables you to push your business forward and stay competitive by facilitating data-driven decisions. Let’s look at some other ways how BI tools complement ERP solutions in driving a profitable business: Facilitates Predictive Ana...