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blog | May 01, 2015

ERP Software & Business Intelligence

Everyone knows ERP software improves production and data acquisition efficiency, but not everyone knows that their ERP solution can do even more with the addition of a Business Intelligence...

By WorkWiseSoftware

Everyone knows ERP software improves production and data acquisition efficiency, but not everyone knows that their ERP solution can do even more with the addition of a Business Intelligence platform.

If you religiously enter data and keep track of orders using your ERP solution, you’ve probably noticed how much easier everyday tasks have become. Business Intelligence could be the next phase in your ERP implementation. Business Intelligence is defined as the skills, technologies, applications, and practices used to help a business acquire a better understanding of its commercial context. It is about getting the right information to the right people, at the right time. Business Intelligence can function as a report generator, data mining, performance management, and predictive analysis among other things.

Together, ERP and Business Intelligence can help your company in demand forecasting, production planning, product design, retailing, and customer relationship management. ERP is based on entering data while business intelligence focuses on using the data to generate information. They work in tandem to improve your business.

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