What is business intelligence software?
Business intelligence software provides a suite of tools for tracking expenses and financial forecasting. With valuable business insights, you can make smarter, data-driven decisions to grow and expand your company. Typically, business intelligence software gives insights into people, finances, operations, customer information, sales, marketing and more. Sage Business Cloud is an example of a modern business intelligence software suite.
What are business intelligence tools?
Business intelligence tools typically describe applications for gathering and analyzing financial and operational data within one central platform.
They are ideal for companies working within particular industries like manufacturing or distribution.
You can use these tools to create accurate financial reports, monitor performance and eliminate blind spots to avoid any nasty surprises that could hamper your business’ growth.
Sage Intelligence Reporting is an example of a business intelligence tool.
Ditch manual reporting with intelligent reporting tools
Manual reporting can take far too long, and for business leaders, time is a valuable resource. It’s important to have an overview of company finances and cash flow at a glance.
Business intelligence systems offer the perfect solution; it’s quick and easy to create financial reports and gain visibility into your organization’s financial status. Plus, integrated cloud-technology makes it possible to keep your team informed and ensures accurate data.
When you and your team have the right business intelligence tools required to collaborate on financial information in real-time, your business can overcome many challenges.