Business intelligence is a staple in large, successful corporations because of its ability to transform the way that leaders understand their businesses and the competitive environment around them. It allows businesses to react to customers in a way that generates more sales and improves the customer experience. Many different aspects of your business can be tracked with BI, if only you had the right tools.
With Quosal Business Intelligence, small to medium-sized enterprises and corporations can now use BI tools in a cloud-based platform made for them. Unlike other BI programs that require experts to decipher, Quosal Business Intelligence empowers you to take action on potential opportunities and identify problem areas before issues arise. Here are 5 other benefits for using Quosal Business Intelligence.
1: Create Actionable Data
Many BI programs promise actionable results you can use to help your business but fall short when it comes time to deliver. Worse, some programs require you to input information into a separate system to generate reports.
Video - Want to Harness the Power of BI? Watch This Video
Want to Harness the Power of BI?Watch This Video
Quosal Business Intelligence transforms your partner quote data from Quosal into actionable information you can use to impact your business’s bottom line. You’ll know how many quotes convert into projects, how long it takes to convert the projects, and what sectors are the best for your particular business.
2: Read Easy to Understand Reports
With Quosal Business Intelligence, you won’t need to hire a BI expert to understand the data and how to access it. The information is provided through a cloud-based platform that is easy to use, access, and understand. We’re able to do this because of our experience with BI and new functionality from Microsoft® Power BI™.
We know what information you need and the best ways to present it to you.
3: Be More Profitable with BI
When you have access to the right BI, you can make decisions that directly impact profitability. For instance, what if you knew which customers maximized your products and which ones didn’t so you could increase customer reliance on your products.
After all, customers only keep paying for products they use. You want them to keep using yours.
4: Generate Concrete Performance Data
Nobody wants to rely on hunches when concrete performance data is available. Concrete data limits possible risks and bad decision making by giving you something tangible to work with. You’ll know how aggregate discounting impacts your profitability and whether or not it makes sense to continue doing it.
You’ll also know if it’s time to switch suppliers to improve your margins with a different one.
5: Enjoy Out of the Box Functionality
We did the research and know what reports most benefit businesses when it comes to BI. That’s why Quosal Business Intelligence comes with pre-populated views, reports, and workbooks that work straight out of the box. You don’t need to set it up first to get the information that you need.
There are so many other features available with Quosal Business Intelligence that could benefit how you operate your business. We’re even looking at adding in-demand future functionality that includes streaming and real-time analytics on customer purchase patterns. Learn more about this free tool here.