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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, invento...

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...

Have Key Business Insights With EasyReports BI Tool

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Are you an entrepreneur struggling to have a clear picture of your overall business? Do you find it tough to make quick business decisions with confidence? If yes, you are not alone! There is no shortage of entrepreneurs who experience the same. So, many businesses collect voluminous data from different sources or databases to overcome this persistent problem. For their ease, they rely on tools powered by business intelligence. EasyReports is one such BI tool. The tool packed with some powerful features makes it a cakewalk to have easy access to such business insights, which, in turn, helps the key decision-makers to make quick decisions. Let’s know how you can have such insights with EasyReports. Facilitate data visualization Entrepreneurs often fail to have vital insights because their business reports fail to deliver the same due to a lack of data visualization. What they eventually see is an endless maze of rows and columns of data, difficult to understand. As a result, the insight...

EasyReports-A BI Tool To Meet Your Business Reporting Needs

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Be it small or large, organizations need reports to have a quick overview of the current state of the business or a project under progress. After all, it is tough to make a decision without accurate reports. So, many entrepreneurs use business reporting software or tools to meet their needs. Some of these are dashboard software, ad-hoc reporting, scorecard tools, and so on. Recently, more people entrepreneurs are making a move to harness the potential of business intelligence or BI reporting tools, and EasyReports is one such BI tool. The best thing about the tool is that EasyReports does not demand a steep learning curve and proves affordable even for small businesses. So, if you are an entrepreneur and looking for an idea BI tool for your business, here is a tool driven by business intelligence to genuinely help you. Let’s discover how EasyReports meet your varied reporting needs. Facilitates accuracy and saves time  It is a well-known fact that manual reporting is tedious and ti...

Get a More Accurate Business Forecast with EasyReports

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 Due to the restrictions and impact of COVID-19, businesses all over the world are going haywire. The future seems bleak for many in such a time of uncertainties. In the wake of such unstable economic conditions, businesses require several measures to sustain themselves. If you are an entrepreneur, you might be thinking about the measures that you can take. This becomes true all the more when investment in infrastructure or technology is not feasible for you. No worries, just have EasyReports! Primarily designed for small and medium-sized businesses, EasyReports is a BI tool developed by an Indian IT firm. However, what makes it really awesome is its ability to offer accurate business forecasts via its customizable and interactive dashboard and capability of predictive analysis. Now, if you are not living under a rock, you may have probably already an idea about business intelligence (BI).  Interactive Dashboard If you are still using Microsoft Excel to have your business rep...

How a BI Tool Helps to Increase Business Productivity

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 The dream of every entrepreneur is to boost business productivity, and why not? After all, it is the key to success. The measurable output of the company or organization has for long fascinated entrepreneurs. Many don’t even think twice before making investments in the latest technology or having the best infrastructure to increase their business productivity. One such technological marvel is EasyReports powered by business intelligence (BI). You may be already aware that BI tools are now indispensable for both corporate giants and SMBs. In this regard, EasyReports proves handy as it helps to increase business productivity in several ways. Some of these are the following ones:  Makes business decisions data-driven In every business, vital decisions are taken by the key decision-makers at every level. Most of the time, these are taken based on the gut-feeling. However, strategic decisions are also made that have a far-reaching consequence on all the stakeholders. When you have...

How BI Tool HelpsTo Make Data-Driven Business Decisions?

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 Irrespective of size and type, several businesses are adopting tools powered by business intelligence (BI). The reasons for this rapid adoption vary from one organization to another one. While many business organizations are adopting such tools for automating their reporting task and customized  report generation, many use them to make some sense of their vast business data. However, there is no doubt about the effectiveness of BI tools in facilitating the key decision-makers to make data-driven business decisions.   Quick data analysis A BI tool quickly accesses and analyses data sets stored by a business. This saves considerable time for key decision-makers as analyzing a vast amount of data collected from different sources is not an easy task and proves time-consuming. Moreover, when the data is already analyzed, it takes little time to make sound business decisions based on the data analysis.   Offer actionable insights Most of the BI tool now comes with interac...