Business Intelligence is a solution that can be applied to any type of business, regardless of its sector, industry or size, ranging from small SMEs to large multinationals.
You may now be wondering how a small SME can benefit from Power BI, and the truth is that there are endless ways, since analyzing data is not just about getting information.
The important thing is to convert this information into knowledge in different areas of your company:
1. Detect errors in budgets. Through the analysis of objectives it is possible to detect and correct possible deviations.
2. Stock management. It is possible to make a more profitable and productive plan in the logistics process and storage of products.
3. Customer loyalty and attraction. You can know in advance the behavior of any customer, which will be a great advantage.
4. Project management. From the information obtained in the data analysis, we will achieve a more effective project management.
These are just some of the advantages that companies can achieve.
If you are interested in knowing how your company can benefit, we are experts in the implementation of Business Intelligence.
Cash Flow
As we have already mentioned on several occasions, liquidity is essential for any organization, since without it the business activity would be blocked.
In our cash flow analysis we have the following main objectives:
– To see what capacity the organization has to generate cash flow.
– To analyze the Cash Flow of the operating activities and to see if there is any “stuck” liquidity in our activity.
– To analyze the effect of investments on the cash flow of the Organization.
This analysis and its control gives us a lot of information about what is happening in the organization and having it in BI provides great value for decision making.
Conclusions
This analysis that we have exposed in this article, is an analysis that any company of any size should perform not only to know the business situation but also as a tool to improve business management. As a Finance and BI Consultant we perform these analyses in BI, so that the organization benefits from having the data at the moment and being able to make decisions in anticipation of what is happening in the environment.