With the growth of the business intelligence market, you have the option to choose from a plethora of solutions for accessing, analysing, and deriving value from raw data. Gartner estimated that in 2022, 70% of companies will rigorously track data quality levels via metrics, therefore the rapid adoption of BI is expected. However, the number is expected to grow further in 2023 as more businesses deploy Business Intelligence solutions. The capacity to harness data acquired, analyse it efficiently, and transform it into business strategies is frequently the difference between succeeding and losing in a competitive environment. As a result, the tools we use to collect, report, and analyse data are critical tools in the workplace.
What is the WrxFlo Business Intelligence Software?
Business intelligence (BI) software is a type of application software that is used to gather, analyse, convert, and report data for business intelligence applications. The applications frequently access data that has already been stored, most commonly but not necessarily in a data warehouse or data mart.
WrxFlo enables organizations to access and connect multiple business systems, such as ERPs, MES, CRMs, and spreadsheets, to provide a single source of truth and valuable insights to help businesses make better decisions and achieve greater levels of efficiency throughout their supply chain.
Benefits of the WrxFlo Business Intelligence Software
1. Accurate reporting enabling better business decisions
Better business decisions are made with reliable data and faster reporting capabilities. WrxFlo has created dashboards so that companies could see real-time data and sales estimates before meeting with potential customers. The sales team may now confidently talk to clients’ or prospects’, knowing that the data is current. Leaders no longer have to wait days or weeks for reports and risk having obsolete data. Employees may monitor KPIs using a range of data sources, including financial, operational, and sales data, by utilizing templates or customized reports. Most reports feature simple visualizations like graphs, tables, and charts. These reports are interactive, allowing users to experiment with different factors or get information more quickly.
2. Competitive analysis
The capacity to handle and manipulate large amounts of data provides a distinct competitive advantage. Budgeting, planning, and forecasting are extremely effective ways to keep ahead of the competition, go well beyond ordinary analysis, and are simple to implement using BI tools. Businesses may also learn how to distinguish products and services by tracking their competitors’ sales and marketing success using BI to stay up with industry developments, track seasonal market shifts, and predict client wants. Organizations may be more competitive if they understand the market and how they function within it.
3. Improved Operational Efficiency
Improving organisational operation is crucial in every business thus measuring, and monitoring performance is important. However, with BI tools, you may meet all of your quantitative goals, such as monthly sales or on-time delivery targets and track your company’s success daily. The feedback assists the company in developing strategies that propel the business forward. The BI software includes highly used metrics such as employee satisfaction, performance, and productivity, allowing for improved organization operations.
4. Enables cost reduction
The WrxFlo Business Intelligence Software can identify areas where your company may save money. The software gathers raw data on areas where the business incurs high costs and devises a way to reduce or eliminate source yields with low returns. Companies will pay significantly if they focus on activities that are not connected with the organizational strategy. WrxFlo BI allows you to create metrics and KPIs that are aligned with your organization’s strategy, providing the necessary visibility into company performance and ROI.
5. Improved employee satisfaction
Another benefit of BI software lies in the employee satisfaction it provides. Employees want to know they are seen, heard, and connected. Using the WrxFlo Business Intelligence tool and sharing dashboards with staff to measure progress and accomplishments is an excellent method to do this. You may even send your team automatic reports to keep them engaged and interested. Employee engagement and employee happiness are directly related, and business intelligence technologies may help you improve that relationship.
6. Eliminate Waste
If you want to ensure business success, you need to first eliminate waste. BI systems aid in the identification of waste areas, allowing you to boost your bottom line. WrxFlo Business intelligence software provides a broader perspective of your company’s data and helps you identify areas of waste, and the core causes of defects and eradicate them as soon as possible. It can also help you stay in touch with customer demands, market fluctuations, and company trends while maintaining optimal inventory levels. Additionally, it assists you in removing bottlenecks in the manufacturing process, improving communication, reducing idle time and gaps in the manufacturing process, and improving forecasting techniques to remove work in progress.
Features of the WrxFlo Business Intelligence Software
Some of the key features of the WrxFlo business intelligence software include:
- Dashboards that are created based on the business’s unique requirements
- Key performance indicators, insights and analytics which can be reviewed in real-time to enhance business decision-making.
- Remote accessibility
- Encrypted secure logins
- Access hierarchy can be created (Superuser, Admin, Read only etc)
How the WrxFlo Business Intelligence Software works
The WrxFlo Business Intelligence Software is a cloud-based solution which connects to a business’s management system (ERP MES CRM etc). WrxFlo securely encrypts the data and extracts the relevant tables into the WrxFlo platform. Once it is extracted, the data can be converted into the necessary metrics for the business.
The requirements of the business are reviewed with the WrxFlo team. A set of KPIs is developed from the key focus areas, the end state is defined, and the system architecture is designed with the end state in mind.
The WrxFlo platform hosts relevant business intelligence dashboards. These dashboards are updated in real-time across multiple devices and are designed specifically based on business requirements.
WrxFlo Business Intelligence Software Capabilities
Businesses on average have 3-4 key business systems running their operations, therefore, trying to get one source of truth, can be time-consuming as all the relevant data must be brought together manually.
The WrxFlo Business Intelligence platform provides real-time data, analytics and insights which helps with visibility, and enhances business decision-making. It highlights and flags errors throughout the process and reduces time-consuming tasks, giving time back to more valuable tasks.
Examples of how the WrxFlo Business Intelligence Software has been used
One of our global manufacturing clients had a system in place that involved customers who regularly called and asked for the status of their orders. The system was unable to give this information to hand. To fulfil the customer’s request, the customer service team would have to download two excel sheets and merge them. The team would have to then call back the customer to update them. WrxFlo’s client needed to have each order’s status to hand.
WrxFlo implemented its BI software by creating a real-time dashboard, that allows employees to see updates on each customer’s order and instant delivery date details. It also enabled them to see if their order was on track and if there were any issues with it.
How to get started with the WrxFlo Business Intelligence Software
To get started using the WrxFlo Business Intelligence Software, contact a member of the WrxFlo team for a free non-contractual demo. Our team will then access your requirements and make recommendations on how your systems can be improved.
Business Intelligence is a great tool to use in any business because of its numerous benefits. From providing fast and accurate data-driven decisions to improving employee satisfaction and eliminating waste. According to Gartner, a lot of businesses have started implementing Business Intelligence software so don’t allow your company to get left behind. The WrxFlo Business Intelligence platform provides real-time data, analytics and insights which helps with visibility, and enhances business decision-making. Contact a member of our team to get started with WrxFlo Business Intelligence Software today.