Business Inteligence
March 16 2010
Key Decisions Made With Key Reporting
Economical downturn, global competition, increasing labor rates, rising prices & demand uncertainty has had an effect on bottom line and made business management increasingly difficult. Companies must emphasize on cost control to increase profits & cut expenses in order to stay competitive and succeed. Implementing a cost reduction control plan can be very difficult without the ability to determine what aspects of your business are cutting into your bottom line.
A company should review the following areas to cut expenses: leases, rent, utilities, maintenance cost, materials, marketing & sales efforts, percentages & ratios etc…
The proper reporting tools & reports can have a major impact on drilling down into unnecessary expenses, flunctuating sales, inventor turnover, item detail, regional changes
etc. with the right tools in place management will have access to the information captured and be able to make cost effective decisions and implement cost control processes when necessary.
Economical downturn, global competition, increasing labor rates, rising prices & demand uncertainty has had an effect on bottom line and made business management increasingly difficult. Companies must emphasize on cost control to increase profits & cut expenses in order to stay competitive and succeed. Implementing a cost reduction control plan can be very difficult without the ability to determine what aspects of your business are cutting into your bottom line.
A company should review the following areas to cut expenses: leases, rent, utilities, maintenance cost, materials, marketing & sales efforts, percentages & ratios etc…
The proper reporting tools & reports can have a major impact on drilling down into unnecessary expenses, flunctuating sales, inventor turnover, item detail, regional changes
etc. with the right tools in place management will have access to the information captured and be able to make cost effective decisions and implement cost control processes when necessary.
Enterprise Resource Systems (ERP) systems have made large strides over the years towards becoming more than just an accounting tool but companies still struggle with
getting the data needed to make key decisions. Some companies might need to pull data out of their Sage ERP System and compare it with data manipulated in another system to
eventually end up with a report they want to see. What if I told you that you can take information/data from any source put it into one system and report on it with the touch of
a button. DataSelf is that tool, if the information exist and is accessible you can build a complex report from scratch in less time than it takes to eat a donut.
How would you like to see a report by sales person for any month of a previous year compared to this year by product, brand/model etc compared to your
industry as a whole? You may want to give clients & vendors graphical reports on ordering trends, discounts taken advantage of and other information that might help them cut down on shipping cost etc. With the use of a business intelligence tool like DataSelf this is all possible within minutes.
If your company understands the importance of cost reduction as a tool and have the necessary reporting to drill into your business and make key decisions it will see
increased profitability. Whether it is an additional software tool like DataSelf you need or custom reports created to extract data from your current system contact your local
Walpole & CO., LLP consultant today.
For more information on how you can cut cost, increase profits or DatSelf as a tool contact Tom@walpolecpa.com today.
Phone: 805 569.9487
DataSelf Solutions Brochure
DataSelf BI Solution & Reports