It’s no secret that business intelligence (BI) has completely transformed the way we make business decisions. Decisions can now be made with real data instead of gut feel.
A study by Boston University found the use of BI and reporting tools is vital for businesses to stay competitive. The same report found 59% of CFOs believe analysis and decision-making are the number one process areas that needed technology investment – which BI software can address.
So how does this translate into everyday business? And what are some of the real-life success stories of businesses using BI? Businesses that have increased decision making and sales, understand customer behavior and stock control all whilst reducing costs. It sounds like a dream… I know.
But it is being done. And here are success stories of global companies reaping the rewards of BI.
Sales and fast decisions
DEB group is a major manufacturer of skin care products for many types of workplaces and public environments including industrial, commercial, healthcare and food sectors.Based in the UK, they hold a wide variety of products including soap, dispensers and sanitizers.
In Australia and New Zealand alone, these products are sold through a network of around 200 distributors.
For DEB, is it key they have a thorough understanding of how sales are tracking and where they can improve. For this business, a BI tool is vital for them to keep on top of their business and track their sales performance.
When it came to selecting a BI tool, they needed something that was:
2. easy to use
3. quick access to vital information and statistics
Category: Business Intelligence Software Company profile: Phocas Software is a leading business intelligence software firm created by Myles Glashier and Paul Magee in 1999. Phocas has built its model on exceeding customer expectations. We help our customers make data-driven business decisions, uncover new sales opportunities and improve business efficiency by offering an integrated data solution. Whether you are an IT Manager who would like to spend less time performing reports, a Finance professional looking for a quicker way to drill down on a P&am ...
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