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Key Differences Between BI and Traditional MIS

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Business Intelligence (BI) refers to state of the art, modern software which is designed to gather past as well as present data in order to facilitate strategic decision-making for the enterprises’ future benefits. Whereas, traditional Management Information Systems (MIS) is a small part of BI which is a system simply designed to manage information within an organization. Let us take a look at the key differences between BI and MIS to know which one is the best for your business in 2021. Extraction of Data  The data extracted using traditional MIS is aggregate data which is not enough for formulating decisions since this data suffers from a bunch of deviations, the root cause of which simply cannot be identified. Therefore, the finance team is put under immense pressure to go through each transaction and identify this root cause from their General Ledger (GL). But when it comes to a BI Tool, all data is stored on one single system and can easily be integrated with accounts, inventory a

EasyReports BI Dashboards - Your Key to Business Intelligence Success

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Business intelligence is an integral part of informed decision making both in the short-run as well as the long run. More often than not, successful businessmen owe their wealth to factual, data-driven decisions rather than following their hunch or gut feeling. Do you also want the same for the success of your business? Then here’s why you should consider using EasyReports BI Tool Dashboards- Seamless integration with Tally ERP9, SAP B1, NAV, MIS and other business software Reveals a clear cut picture about your data such as underlying facts and truth They are highly visual and provide a summary of your data at a glance Saves considerable time and money by making data easily accessible for one and all The purpose of such a highly tech-driven dashboard full of visuals like charts and graphs, customizable metrics and key performance indicators (KPIs) is to ensure optimum business decisions. Let us dig deeper and find out why using EasyReports BI dashboards is the key to business intell