Business Intelligence refers to a number of activities a company may undertake to gather information about their market or their competitors. Some areas it includes are competition analysis, market analysis and industry analysis. Making smart use of information gathered to strengthen the business plans is the core objectives. Discussed here are three things you should look for while choosing your business intelligence software.
CRM, in the parlance of the Software industry refers to Customer Relationship Management. CRM is used to understand customer needs, behaviour to develop a strong relationship with them and ensure that your business gets the most out of their patronage. CRM bring together information about customers, marketing effectiveness, actual sales and current industry or market trends to help you take your business to the next level.
Let’s take a look at 3 golden rules that will help you in your endeavour to implement CRM…
For small and medium sized businesses, a competitive edge only comes about due to the difference in the way they operate that ultimately leads to profitability. Small and medium sized businesses either have to come out with extraordinary products and services, or try to do things faster, more efficient, or more cost effective. Having better inventory management systems is incredibly profitable for small and medium businesses and here are the reasons why:
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The Internet, as a medium, is largely unedited. Powered by the ease of self-publishing and the quick methods of publishing such as blogging made available to people at large, it is soon proving to be a large, ground for accumulating digital trash in the form of Information.
While most of it will die sooner or later, it is still a matter of common sense and also ethics to try not to add to this population. So, when marketing online, please don’t:
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Outsourcing may seriously cut your expenses leading to a big boost in your profits. However, if you don’t do it right, it could cut through deep into your pockets and leave you in a loss – a doubled-edged sword, indeed.
What are the things you must keep in mind when you outsource? What should you do before you consider outsourcing software development?
No business can sustain itself without a working sales cycle in motion – the more effective this sales process is, the more profitable any business will be.
Strangely, most small and even mid-sized businesses don’t seem to be giving the sales cycle the due importance it deserves.
Creating an effective sales process is not a one-off task; it’s an orchestrated effort requiring tremendous amount of input, co-operation and hard-work.
Notwithstanding the inherent difficulty of implementing a sales cycle geared to pump up profits, there is also the element of ever-fleeting changes in customer loyalty, the complexity of consumer behaviour, etc., that a company has to deal with.
The recessional economy coupled with the ever-present need for businesses to cut-costs so as to boost bottom-lines is bringing about more solutions to the table than any average business model can handle.
Of all the options though, online collaboration stands-out due to evident advantages. Does it make sense for a business to switch to project management software? Will this adoption of business intelligence software really bring about any strong benefits for businesses? Here’s why you must consider Online Collaboration:
Global streamlining of projects: For once, you could leverage the true potential of the Internet and have your projects handled by remote work-force, each logging in separately into the same collaboration system and delivering work. Work can be assigned to respective workers, with milestones, expected deliverables and dead-lines.
You could even set-up options to check activity levels, use time-tracking and other details pertaining to each of these virtual workers while they are on the system for complete hands-free management.
The obvious advantages are the incredible savings in costs due to reduction of office space required, ability to hire offshore work force for much less than that for local workers(outsourcing), more efficient work delegation and management and finally, a stupendous decrease in overall project management costs.
If you have been involved with any business, at any level whatsoever, piles of data is processed, a never ending stream of paperwork has to be completed and more than one department is usually involved.
Could you imagine the chaos a conventional business thrives in? Can it be made any simpler? Of course it can be, thanks to technology. Our Proline 3.0 — Business Intelligence Software — has a nifty E-filing feature which is, at the risk of exaggerating, god-sent.
As a starting point, the E-filing system basically allows you to store all the documents of importance in an organized manner. Just doing so allows you to increase your productivity considerably.
Technology renders speed, agility and efficiency to a small business. That’s why you will see that small businesses the world over are clamouring to systemize their business processes so as to achieve speed, efficiency, higher quality services and happy customers.
For small business owners though, the question remains whether they should develop business software like accounting software and deploy these accounting systems all by themselves? Does having a accounting software developing company do it make more sense? Let’s explore:
If you are like us, your life completely revolves around that little inbox not to mention its crucial contributions to commerce. Earlier, when webmail was just sprouting up, Microsoft Outlook reigned and stood really tall. For both businesses and individuals today, Microsoft Outlook might very well be like the dwindling count of the tigers in the world, leading to a possible extinction.
We literally hate anything to do with the hard disks on our computers; we don’t even trust our servers. No matter how you look at it, we find that hardware is as fragile and unpredictable as they come. We cannot, not even if you point a double-barrelled shotgun on us, vouch for storing anything as precious as email (yes, it’s precious for us. We know some of you might hate it) on hard disk drives or even any of those removable drives like USB external Hard drives and flash drives. That’s not to say that we are all digital and literally store everything online; we believe in a balance. We are believers in hybrid solutions.
Email is literally the forerunner of our business. Without it, we bite the dust in just as long as it takes a rocket to escape earth’s gravitational pull. Files and folders apart, our email needs to find a place to stay.
The webmail we use now is Gmail (and it can be used with companies too by setting it up that way). Our business emails actually come to the webmail related to our domains and hosting accounts like firstname.lastname@example.org . This is in turn routed back to our corporate Gmail account (which never runs out of storage space; in fact, it adds up all the time). However, there is a copy of email on our original webmail inbox too. We now have two copies, don’t we?
You might now ask us: Aren’t you leaving everything in Google’s hands? Is that your idea of being “safe and secure”?
That’s when we use automated back-up solutions like Carbonite and Mozy and have our hard disk (or particular important sections/folders/files backed-up continuously and automatically. If that isn’t enough and if we really need more copies, we could use yet another online solution just to store the files/folders/programs. Additionally, we might even use an external USB hard drive if need be. Here’s a timely round-up of 5 Best Online Back-up Solutions at lifehacker, you could find helpful.
If you use Outlook or Thunderbird, can’t we still do the same thing as above? We can. But then, what about the possibility of not being near your computer or laptop? What if you suddenly have to work out of Chile, Bangkok or India and out of a friend’s laptop or a cyber cafe? What if you don’t find Outlook or Thunderbird in the all those other computers you are forced to access? Are you going to install and configure these desktop based email systems?
We just find that working completely online gives me a freedom from hardware, which other tethers you to a machine or a desk.
Snap out of it and go online; it’s the best thing to do.