 Top Reasons Why Enterprises are integrating BI into ERP- ebizframe-ESS

In the context of complex business operations, Enterprise Resource Planning (ERP) software has successfully transformed organizations by improving supply chain and administrative operations, financial visibility, and reducing manual processes across worldwide industries. In today's challenging global business economy, Business Intelligence (BI) is emerging as a catalyst technique and solution to make ERP more competitive and flexible for enterprises. Integrating BI with ERP enables corporate decision-makers to analyze ERP stored unified data in deep detail and understand different business scenarios. The BI dynamic dashboards in ERP make it easy to understand the data you are working with. From there, you can mine your data as much as you want and even trace issues to their root causes.

This collaboration of BI and ERP is empowering organizations to manage massive amounts of data gathered by ERP and analyze it for consumers, sales & marketing, supply chain, and various other business aspects.

Why do Enterprises need both ERP and Power BI together?

Most of the competition leaders in an industry have a separate market research capability or a business division that helps them understands their consumers' needs and expectations. However, knowing customers is not enough in today's world. Companies must also identify their competitive external environment and analyze the possible actions of their decisions. Power BI with ERP offers this capability to enterprises to predict possible business outcomes in the most accurate way. In addition, it helps in recognizing the changes in a customer's behavior in real-time which can indicate when there is a high probability of a customer's positive response to an offer. Before knowing the advantages of BI and ERP collaboration, let's understand ERP without BI:

ERP without BI (essindia)

There's no doubt that Enterprise Resource Planning (ERP) software has proven as successful software for integrating and centralizing many business processes across global industries at present. The data gathered from these systems is both insightful and meaningful for driving business value if analyzed in a deep context. However, many businesses are using their ERP just as a 'one-size-fits-all' approach to data analysis and planning, when in reality, an ERP is just one aspect of effective business management. By integrating new technologies in ERP, you can extend the functionality of your system to achieve more business benefits. Here are the top three instances where an ERP without BI falls short of being comprehensive for most contemporary business requirements:

1. Enterprises can access only the current status such as open orders. In order to make better decisions, it is imperative managers look beyond the current status to find consumer trends and patterns.
2. The alone ERP is not integrated with other enterprise systems and thus, does not include external intelligence which is an important factor for competitive market analysis.
3. It is rare that ERP systems could address all of the analytical and reporting needs of organizations as each organization has different business segments and operations at different locations.

Benefits of Integrating ERP and BI

With the BI integrated ERP software, the corporate executives can deeply observe the data and convert it to some actionable information. It's a powerful combination of technology for managing various aspects of your business such as suppliers, customers, finance & accounts, production

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Since 1990, Eastern Software System has been designing and developing personalized ERP software for more than 20 industries globally. Bolstered by our brand, our technology experts, and our professional business model, we craft and implement an ERP solution that seamlessly Since 1990, Eastern Software System has been designing and developing personalized ERP software for more than 20 industries globally.

Bolstered by our brand, our technology experts, and our professional business model, we craft and implement an ERP solution that seamlessly integrates and automates business processes across verticals and geographies at a single centralized platform.
Enterprise Resource Planning Companies are more likely to deploy a full service suite of ERP technology. ERP modules are available to automate processes that broadly are:

Financial management: Gives control over your assets, cash flow, and accounting.
Supply chain and operations management: Streamline your purchasing, manufacturing, inventory, and sales order processing.
Customer relationship management: Improve customer service, and increase cross-sell and upsell opportunities.
Project management: Get what you need to deliver work on time and on budget with better billing and project monitoring.
Human resources management: Get help attracting and retaining good employees with tools to help hire, manage, and pay your team.
Business intelligence: Make smart decisions with easy-to-use reporting, analysis, and business intelligence tools. Minimise manufacturing cost and increase of resource utilisation
Manufacturing: cuts on production bottlenecks, makes on-time delivery and enhances visibility in operation control.
Distribution: improves distribution channel performances with quick decisions on purchasing, real-time visibility of supply chain and products, and ability to monitor market and different geographies.

This release was published on openPR.