Being able to utilise timely data to make game-changing decisions is what companies hope to achieve. That is why they look to implementing Business insights tools and a sound BI strategy. The success of an operational BI platform depends on a combination of specific capabilities and technology enablers (Aberdeen, 2010). In this blog, we will go over the first 3 factors: process, organisation and knowledge management.
Blog Topics: Business Intelligence
All kinds of data that are relevant to retail operations are gathered every day in order to be analysed. Information about financial processes, marketing strategies or inventory procedures is very essential for merchants to make decisions. However, there is one type of data that is exceptionally important for retailers: customer data like name, address, past purchases, preferred communication channels. Although businesses might have already recorded this kind of information, there is a possibility that it is not utilised properly to enhance customer management methods.
Blog Topics: Retail Management System
Gartner’s 2008 CIOs survey highlighted that Business Intelligence (BI) is now one of the top priorities in business. BI is known to have positive impact on business performance of an enterprise, dramatically improving the ability to accomplish the mission by making timely and smart decisions at any level of the business.
Blog Topics: Business Intelligence, Analytics
Digital takes an important role today in every operation across industries; we can do almost everything using any digital devices. Emails, mobile apps, computers have made it easy for us to do almost everything we would like to.
Blog Topics: Retail Management System
Chief Financial Officers, or CFOs, have been commonly known as a corporate officer who’s responsible for managing the organisation’s financial risk, financial planning and reporting to higher management board. However, in this new era, the role of CFO is no longer limited to the tasks above. As stated in a recent study by Accenture, 70% of correlation is found between high-performing financial departments and high-performing companies. This means the CFOs’ responsibility has evolved. Additional research also indicated that CFOs’ responsibilities have been changed from being a rear-view mirror perspective provider to a strategic advisor who navigates the business through hard times and shapes the company’s direction.
Blog Topics: CFOs, Financial Accounting Management Software, Technology trends
In two previous posts, we have discussed some issues with annual reports and financial reviews of companies in Vietnam. What can be done to improve them? Preparing a financial report is an art that requires authenticity rather than a motive to polish a company’s image.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
A New Report for the Changing Economy. One Step Retail Solutions previously published a widely read report titled “The 5 Biggest Challenges Facing Independent Retailers” which presented the results of extensive research into retail industry trends, the major challenges impacting retailers and how retail Point of Sale (POS) technology could be used to overcome those challenges.
Blog Topics: Retail Management System
Recent research by Anaplan, an expert on modelling and planning finance, sales and operations platforms, states that currently, Asia Pacific’s CFOs are still experiencing difficulties with spreadsheet usages in financial planning and budgeting. In addition, there was a relatively low satisfaction level with the accuracy, timeliness and ease of Excel use for planning and budgeting.
Read more: A complete guide to financial consolidation
Blog Topics: Planning and Budgeting, CFOs, Financial consolidation, planning and reporting
Since the crazy rising of online purchase and channels, a big supermaket style is becoming increasingly undermined. Not only do online channels compete effectively in non-food areas that larger stores were designed to support, but the rate of growth has become unpopular with communities and promoted planning issues with regulators. As a result, in the last two decades, retailers have placed renewed emphasis on convenience formats. Customer convenience and service are the key to make change in this industry, make the convenience-form retail become so delightful.
Blog Topics: Retail Management System
According to SIG (2014), analysts are predicting that social media and social apps will become a more significant component of the ERP landscape. Becoming more social can improve your company’s agility and facilitate competitive advantage. Making your enterprise social brings the power of the back office to the front office, helps customers collaborate, and drives growth.
Blog Topics: Enterprise Resource Planning ERP
Rick Yvanovich
/Founder & CEO/
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