Management indicators, the best support for decision-making

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Opportunities exist, but they are not visible at first glance. Fortunately, today there is intelligent technology that offers management indicators that help conduct business with astuteness and a reduced margin of risk.

In an increasingly competitive business environment, sales and finance teams are under fire. Company performance is scrutinized to the limit and meeting revenue targets becomes an increasingly important challenge to achieve. It is essential to find solutions, seek out new market opportunities and ensure efficiency in their implementation.

The importance of decision-making based on management indicators
For a long time, companies made important decisions based solely on intuition, guided by past experiences and empirical knowledge of the market. Fortunately, today there is intelligent technology that helps conduct business with astuteness and a lower margin of risk.

Data analytics plays a fundamental role, as it helps management teams to iceland whatsapp number database in detail the results obtained, potential results and unexploited opportunities through management indicators. This analytical data supports managers, commercial, financial and even HR directors in strategic alignment and in making quick but informed decisions. Today, there are intelligent solutions that establish consistent ways of making decisions.

What are the main advantages of smart technology?
Process optimization
The use of smart technology requires the organization to know its internal processes in detail and to systematize them, creating a transversal structure that promotes greater knowledge of the organization itself.

Recognition of opportunities
While on the one hand the insights that smart technology offers make it possible to identify flaws and errors in the strategies that are being implemented, on the other hand, they allow us to anticipate trends, identify opportunities and pursue them, gaining a competitive advantage.

Intelligent information management
Through the use of intelligent technology, all relevant data for the company appears in visually attractive dashboards that facilitate decision-making at all organizational levels.

Fault identification
Just as it is possible to recognize opportunities, identifying flaws in processes or approaches is an added value of using smart technology. Identifying errors and flaws is the first step to avoiding serious problems that threaten the future of the business.

Risk prevention and management
In most cases, this technology is not used to solve problems, but rather to take preventive actions that minimize or eliminate future risks.

Market recognition
Knowing the current players, potential threats, emerging trends, consumers and the evolution of their purchasing habits is key to maintaining a healthy business. By analyzing the data collected and cross-referenced between different sources, you can easily outline a SWAT strategy, where you can identify your main strengths compared to the competition.

How to make better decisions?
Dispersed islands of data are not compatible with visionary and fast-reacting management. It is important to have a global view of the data and information that must be considered to make the best decisions.

Today, the democratization of intelligent software empowers non-technical users to analyze and extract insights from data. As a direct result, greater business knowledge is disseminated across the organization’s various profiles, creating a business environment in which decision-making levels are aligned with the same metrics.

What information is important to know to make better decisions?
Through an analytics solution, companies and their various departments can easily measure the results of their efforts and measure them with an impressive level of precision and detail. Let's look at some examples of the analytics that these solutions provide:

Sales evolution
Number of customers
Sales volume
Financial data and analysis
Data on the company's human resources
Structured information about the customer portfolio
Best Selling Items
Sales variation by product
Operating results
Products and services sold
Inventory evolution
Sales analysis by period or market
External indicators, such as market and industry-specific data and information
Total sales and sales by product
Objectives set for later comparison with results
Variation in sales by geographic area
Weight of sales in global business volume
Today, there are already analytical systems that improve the commercial performance of companies. An example of this is ERP Evolution , a system that is already equipped with intelligent technology and management dashboards that support managers in always making the best decisions . And it is the ability to collect, aggregate and process data in order to transform it into useful information – processes that analytical systems offer companies – that adds competitive intelligence to business management.

The ERP handles the entire analytical process: from data collection to the presentation of information organized in different dashboards.