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Business Intelligence for newbies | BI4Cloud – Business Intelligence Article

Understanding Business Intelligence. Business Intelligence (BI) systems have revolutionised how business owners and management understand, analyse and run their business. Ask our friend Google – “Business Intelligence is a technology driven process for analysing and presenting actionable information to help corporate executives and business managers and other end-users make more informed business decisions.” ( Reference source ) Let’s unpack two points from that statement. “Analyse and present actionable information”   Fact: You can find insight from within the data inside your accounting system.…

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Advisors and Business Owners collaborate with BI4Cloud – Business Intelligence Article

Cloud Accounting systems are eliminating many of the data entry and reconciliation chores of running accounting software. Bank feeds, invoice scanning, automated and machine learning are making bank reconciliation a button press. These systems all have web based databases so access to data and reliability is greatly improved. These systems have open interfaces or API’s so many add-on applications can be inexpensively sourced. Applications of mobile phones are performing billings and payments. If you are an accounting practice or bookkeeper…

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Franchise and Multi-Unit Reporting | BI4Cloud – Business Intelligence Article

The Power of Detail  When a franchisor needs to crunch through the numbers to fathom which franchisee needs to be under the spotlight, use Bi4Cloud as the one reporting and charting tool that can dig into the detail and delivers top to bottom. Dashboard to Detail – Alert to Action – Outlier to Outcome – Overview to Insight Franchise and Multi-Unit Reporting Cloud computing has propelled MYOB, Xero and Intuit-Quickbooks Online to deliver commoditised business software, which, because it is…

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How Business Intelligence can Drive CRM – Business Intelligence Article

“The purpose of a business is to create and keep a customer.” Peter Drucker If only it were that simple! We do know that the cost to retain a customer is far less than the cost to acquire a new one, but did you know it is much easier to sell to an existing customer than to a prospective one?  Checkout this great article that finds it costs 5 times more to acquire a new customer. Customer Relationship Management (CRM) is all the…

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