Business Intelligence can be defined as the transformation of raw data into understandable metrics that would define the past, current and future business operations and performance. Let’s explore the benefits of integrating business intelligence and ERP.
We are a well-established ERP development company that enables businesses to explore the different ERP facets for business value chain including payroll, supply chain, customer relationship management, warehouse, inventory, and human resource management.
Key Benefits of Integrating Business Intelligence and ERP
* ERP systems are good at supporting business processes and activities but they lack decision-making capabilities. Integrating business intelligence and ERP will enable business managers to make profitable decisions.
* Business intelligence tools and ERP’s ability to combine a large set of raw data into one place enables business managers to make sound data-based decisions that would prove beneficial to get better business outcomes.
* Business Intelligence could be used as data warehousing, dashboarding, ad-hoc analysis in an ERP system. ERP can convert data into information but Business Intelligence is necessary for transforming information into intelligence. Business Intelligence tools are top enhancements that organizations plan to use to integrate systems and tap into data flows.
* Software Companies define what they need in the first place at the beginning of a project and once it is implemented, they achieve their objectives and then comes the time when the company needs to leverage those data which are implemented on the application in order to gather more insightful answer for a fast-paced decision making.
* In an ERP system, the main type of business intelligence metrics used is Operational Reporting. Various Business Processes of an ERP System should be necessarily monitored at a strategic, tactical and operational level which in turn can be important for the decision making for the various levels of the company.
Business Intelligence and ERP go hand in hand and in the near future, we can expect them to be more bounded with the emergence of artificial intelligence. Integrating business intelligence and ERP will enable businesses to get a detailed note on business processes like data collection, visualization, analysis, and reports. At Oodles ERP, we provide ERP development services to streamline business operations and improve strategic decision-making.
Talk to our ERP team for MORE DETAILS!
To Read Next: Weighing the Pros and Cons of an Open Source ERP vs Enterprise ERP
