The Advantages of Using Data Analytics Tools
Posted by Corey Mendelsohn on February 28,2021
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Profitability is a crucial focus for most organizations. The strategy often used for them to remain lucrative is centered around lowering costs and increasing revenue. However, getting reliable data is fundamental when an accurate snapshot of the state of any business is needed.
In this era, dependable Data Analytics tools are critical, and the use of the information uncovered after implementation presents an obvious ROI. Here are some of the advantages of Data Analytics tools:
They Offer Full Visibility
Proper use of Data Analytics tools, such as NewIntelligence’s QuickStart for SAP Business One, allows for various degrees of integration. For some companies it may be enough to purchase licenses and provide training for their finance department alone, but in other cases, integrating these tools across their entire organization can have many benefits. Having a proper view of all departments can not only empower organizations to make positive, long-lasting changes, but also fosters informed and lucrative decision-making.
They Enable Inventory Management
Data Analytics Tools offer better visibility on your current inventory and can help uncover discrepancies and obsolete stock. Having the ability to customize reports, views and dashboards allows you to keep accurate stock, but also mitigate losses. Processes like buying and replenishing are bound to be improved, thus saving companies time and money.
They Help with Client Satisfaction and Retention
Meeting customer expectations is what companies aspire to do and most companies succeed in doing this well. But what if the information you uncovered when infusing your business with Data Analytics allowed you to predict customer needs and surpass their expectations. Understanding the many moving parts of a company should be important to companies. Infusing processes with Data Analytics will make it easier for you and your team to go above and beyond for your clients, who will in turn love working with you, promote you within their network and repeat business.
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”NewIntelligence (NI) has been a joy to work with."
”NewIntelligence (NI) has been a joy to work with. We were initially concerned that we would not be able to fully use QuickStart as we don’t have an in house IT department. NI showed us how easy it is to use Quickstart and they continue to promptly support us if we have any questions.”
VP Sales & Marketing, Thai United Food Trading Ltd.
”The support we have received from them before and after implementation has been phenomenal."
”As CFO at New West Oil, I selected NewIntelligence as the product of choice for helping to get data out of our SAP B1 database in a more user-friendly and meaningful way. Corey Mendelsohn helped guide us through the process in a very structured way, without pressure, but always with great follow-up and thoroughness. ”
CFO, New West Oil Company LLC
”It is a pleasure to work with Corey and experience his professionalism to ensure we expand our knowledge."
”We are currently working with Corey, expanding our use of the NewIntelligence tools and excellent Customer Service to ensure his solution fits our needs. It is a pleasure to work with Corey and experience his professionalism to ensure we expand our knowledge and find new ways to extract information from SAP B1”
VP Operations & Administration, Trux Accessories
”We highly recommend the NI SAP B1 QuickStart for Reporting and Dashboarding Solution."
”Working with NewIntelligence as our IBM Cognos partner has been a great experience. They are extremely knowledgeable, and their customer service is outstanding. The implementation phase went very smoothly, and they have since remained available, even reaching out to us regularly to see how we are doing with the tool. They have continued to patiently support us and help us evolve within the Cognos tool.”
Director of Finance, Fischer Technology, Inc.
”We see a good partnership where NewIntelligence will help us meet those challenges and empower Arani’s team to access good data."
”NewIntelligence listened to our issues and built a solution that met our needs with the ability to add more users and functionality as we grow. We see a good partnership where NewIntelligence will help us meet those challenges and empower Arani’s team to access good data.”
VP Operations & Supply Chain, Arani
”Very professional and much appreciated."
”Following the IBM Cognos training the main user was very pleased with the sessions. The trainer knew the solution well and the training format allowed flexibility for real life questions… they even used our existing data to demonstrate functionality!! So in general, it was very professional and much appreciated.”
Manager, IT PMO, Domtar
”Their promises have been fulfilled 110%."
”I would like to take this opportunity to thank the NewIntelligence team for having completed the mandate of implementation of their Cognos solution. Their promises have been fulfilled 110%. Following last week’s training, the excitement is at its peak and our people are looking forward to make use of the solution on a daily basis. A big thank you to all of you!”
VP Finance, Regal Confections Inc.
”The experts at NewIntelligence have understood our challenges and guided us very well in our project."
”Since the beginning of our partnership with NewIntelligence, we restructured our cubes, had numerous training and, recently, a major migration. We are very happy with our IBM Cognos 10 release. Our users love the new Workspace tools and they would never go back to the old version for the world.”
Vice President IT, CDMV Inc.