Surprising Benefits Of Integrating Business Intelligence with ERP solution

Managing and accessing data from each corner is still the main concern amongst us. Efficient data management is like the new oil that has made business establishments rush towards it. Enterprises predominantly SMBs don’t stop for a second in utilizing resources in obtaining and maintaining data. With the help of accurate tools, effective methods and powerful techniques, it can surely increment the business ROI.

Earlier, all the BI-related activities were performed manually by creating and managing thousands of spreadsheets that too with an output of the static report.

Aside from managing the data, the benefits were stuck to store it securely and be accessed with ease. That’s why many SMBs are looking for the business intelligence tool that assists these companies in a much broader way.

Business intelligence comprises various software and applications that have the capability of storing massive data securely by analysing and presenting it to the users in the format that they desire.

Today, ERP software for pharmaceutical industry comes with integrated business intelligence modules that enable organizations to provide dynamic reporting, satisfy the users with their exact needs so that they can access the data from everywhere.

Let’s look at the benefits of integrating BI with ERP systems:

Real-time data allows for faster decision making:

One of the most vital benefits of integration BI with ERP is its ability to provide a real-time screen to the managers that help them to make intelligent business decisions and keep them more informed about their data. For instance, if a production manager wants to closely watch the floor’s scrap rate.

With a quick glance at the dashboard, the manager will be able to see the actual scrap rate in real-time. That means the managers can see the data whenever the workers can add or update the data or when they are entering the data.

If, suppose the scrap rate reaches an unacceptable limit, then the manager can suspend the process and identify the root cause before too much time and material is wasted.

This data can further help the managers to make future decisions as well.

Moving beyond traditional reporting:

Report is the area where BI puts a transformative effect on a business. Modern business intelligence has gone far from reporting functions. Earlier, traditional reporting was a static process where all the data was available in the static form. For instance, the business leaders could get a snapshot of where the certain data set stood at the end of the week.

Nowadays, BI comes with real-time data that allows users to access the data without opening the system. This BI module allows every user to access the customized dashboard loaded with visualization with an ability for ad hoc reporting.

Another major advantage of integrating BI with pharmaceutical ERP software is its consistency. In traditional reporting, if a sales executive needs to send a report to different managers; it's likely that each report is different in terms of format and source of data both which could lead to errors and wastage of time. BI eliminates these data inconsistencies in an effective manner.

About Probiz:

Probiz is an enterprise resource planning software that is specially designed to simplify all the business operations and deliver value faster than ever. Probiz; an ultimate pharma ERP solution that covers all the aspects of business management and manufacturing which let you expand in your market through enhanced collaboration, higher sales and better compliances with stringent mandates.

For more information, please visit www.probizerp.com

A software developer with an interest in technical content writing.