Wednesday, March 31, 2010

Does MIS reports suffices for your business???


Next level towards total business automation after business process automation is to develop a powerful tool which gives a deep insight into your business operation. Many of us get confused with the aspect of Management Information System & Business Intelligence. Management Information system is a collection of business operation information which work as decision support system for us at each functional level and provide feedback on daily operations.

But a just a MIS tool is not sufficient for a progressive organization, a tool which has a capability to analyze and address - “What” & “Why” of past, present & future business events is necessary. MIS tool is just a report which flash out facts of business operation to the management.


Information about transaction will become more important than transaction itself.” - Walter Wriston, chair and CEO of Citicorp/Citibank, 1967-1984
Companies that are high performing are more analytical than lower performing businesses.” - Jeanne Harris, Accenture Director of Research

“… top performing organizations separate themselves from their peers by their ability to quickly diagnose the root cause of problems they face on a daily basis.” - The Advisory Board


Business intelligence can be described as a methodology or processes designed and developed with technology, architectured for transforming raw data into meaningful and useful information which enables us to achieve strategic, tactical, and operational efficiency. Today Business Intelligence is used in almost every industrial vertical be it Reality, Real Estate, Retail, Financial Services, or a typical manufacturing.

Business Process Management and Business Process Engineering improves business efficiency but Business Intelligence Tool impacts on effectiveness of business decision. A simple principle works over here – the more you get to know about your business the more develop your competitive advantage.

Business Intelligence tool help you to focus on every aspect of business – Finance, Marketing, Resource Utilization, Operation, General administration, Compliances & regulations, and so on. Sage Accpac Business Intelligence module is one of the state of art tool which helps you to get better, faster, more informed and confident information from your business data. Sage Accpac Business Intelligence is low-cost, easy and faster deployable with dynamic charts showing Key Performance Indicators and Dashboard Technology.
So, just a system or a reporting tool is not enough in progressive organization, we should have a strong tool to highlight those information which often gets unnoticed but carries long term consequences in business. As someone had rightly said……..
“You Manage What You Measure!”

No comments: