It is a known fact that for businesses to run efficiently, data is very important. It can be captured, analyzed and put to use for making businesses grow. However, it is not as easy as it sounds, especially when businesses are used to disparate specialty software. This is why modern enterprise resource planning solutions like Microsoft Dynamics AX are important. They provide strong businesses intelligence tools that are specifically designed to turn any data into actionable insight and ensure your business growth is on a high.
When one has to make data-driven business decisions, the right business technology can make all the difference in the world. Here are some tools that Microsoft dynamics AX development offers and that can help in turning data into actionable insight –
User interfaces that are role tailored
Any user who is using the interface, can easily customize its functions and features on the basis of the daily task list. There are quick links available on these Role Center pages that can easily connect them to other portals, resources and external websites. This means their productivity is maximum as they are focused, close to the information they need to use or enter, and are not confused or distracted by any other information.
In order to analyze particular data points like profits, inventory sol or revenues, you can easily create a set of dimensions and measures in Analysis Cubes. After one establishes these measurements points, it becomes easy to monitor data in real time and quickly respond to any trending data. For example, you can identify any product trend and then adjust the production or procurement activities to meet demands of your customer.
There are many pre-configured reporting templates offered by Microsoft Dynamics AX that can be used right away. One can easily generate profit and loss statements or many other financial reports, like, using the existing data and sharing that information with banks, shareholders and others. It is also easy to customize your own reporting which in turn will draw on other key data that exists in your system. This saves a lot of time and streamlines the reporting process which allows transparency and thereby builds trusts especially when it comes to regulatory reporting.
Achieve strategic goals with KPIs
When it comes to achieving strategic goals, businesses monitor their key performance indicators which are commonly known as KPIs. There are many factors that help in determining if you are on the right track. Connections between Analysis Cubes, Role Centers, Analytics Reports can be used to measure the performance against your set out goals. With this, it becomes easier to monitor your KPIs and ensure you are not deviating from the path of success.
Every company generates data every day. Now it is up to you to leverage it to your competitive advantage and interests. This business intelligence tools offers you benefits that will allow the same. So learn more about it explore the possibilities and strengthen your businesses so you can easily drive growth.