In today’s competitive business environment, small business owners and mid-sized business managers need to dedicate their skills to managing their businesses, and not sifting through endless reports trying to make sense of heaps of information. A snapshot view of your business is critical in a business environment when there is so much valuable information floating […]
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How to Create a 3D Map in Excel 2016
With a 3D Map, you can plot geographical data and view it on a 3D globe or custom map. If your data is time-stamped, you can even use a 3D Map to get a geographical tour of how your data changes over time. To create a 3D Map, your data must be in table format, […]
Understanding your Cash Flow
Understanding cash flow is a vital component of any business. According to Eric T. Wagner, contributor for Forbes, “At surface level, the primary reason businesses fail is that they simply run out of cash.” Knowing how much money is coming into and going out of your business means you can determine your net cash flow […]
Business Intelligence for SMB’s Part 3: 5 benefits of Business Intelligence for SMBs
Business Intelligence (BI) has become quite the ‘buzzword’ in the software industry in the last few years, yet many small business owners still view it as the realm of big business only. As we move towards 2020 and information overload becomes commonplace, however, SMBs are now starting to realize that BI can benefit them too. […]
Why Small Businesses should invest in an integrated Excel-based Business Intelligence solution: Reason No. 5
Typically the barriers to adoption of BI are cost and complexity. Small businesses face tighter budgets, less sophistication and fewer people. An integrated BI solution makes deployment rapid without any IT hurdles, allowing for an immediate return on investment. Because it is a module of your existing accounting package, no new relationships or extensive IT […]
Why Small Businesses should invest in an integrated Excel-based Business Intelligence solution: Reason No. 4
All companies face constant pressure to increase profitability, improve cash flow, reduce costs, and reduce risk in order to improve financial performance. The ability to make good decisions and proactively solve issues is crucial to success at every level of an organization, every day. And as smaller companies grow or face stiffer competition, the need […]
Why Small Businesses should invest in an integrated Excel-based Business Intelligence solution: Reason No. 3
It is a must for a small business to have the commercial intelligence to understand and act upon market trends for their products and services. For a big corporate, developing and introducing a product in the market based upon misread market interpretations will not necessarily become a survival problem. But if a small business makes […]
Why Small Businesses should invest in an integrated Excel-based Business Intelligence solution: Reason No. 2
Small businesses, in most cases, need to be agile and responsive in order to gain and maintain a competitive edge. An integrated Business Intelligence (BI) solution successfully addresses the number one pain point of many business software end users – reporting that is inadequate and inflexible – making it a necessity in today’s aggressive market […]
Why Small Businesses should invest in an integrated Excel-based Business Intelligence solution
Business Intelligence (BI) is the tool that will give small companies a competitive advantage during the next decade and there a many compelling reasons why small businesses should make it a priority to invest in an integrated Excel-based BI solution.
SMMEs will need BI to flourish as the economy recovers
Small business is usually the bright spot in any recovering economy. As the economy emerges from the recession, business owners may well grow their companies which means that they will need to look for small business software to automate certain operations and scale for growth. Business Intelligence (BI) could become essential for SMMEs to reduce growing pains in the face of prosperity. The many benefits from a low-cost, quick to deploy business intelligence solution that delivers trusted information in the familiar face of Excel could be just what the recession doctor ordered for SMMEs to flourish.
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