Benefits of Business Intelligence System

Before few years, Business intelligence system (BIS) were an unknown term in the corporate market but now a days every big organization has adopted for business intelligence system. What do you think is business intelligence? Business intelligence (BI) is a science of economics or in laymen language it a system which helps the organization to get accurate and timely information to make the correct decision.  Business intelligent system is software which collects information or data using unbiased means and arranges the data in a logical manner. Because of the effectiveness and number of advantages offered by business intelligent system, software companies have to take initiative to launch business intelligence system with more advance features.

I have outlined few major advantages offered by the common business intelligence system available in the market.  Remember, business intelligence system is software which delivers all functionality stated below :

• Help the system to get the sales report daily, weekly or whichever time period you want to fetch Data for.
• The regular sales analysis report help the organization to increase their profit margin
• Data can be fetched on a single click
• The software can be easily installed on the company’s intranet
• Software allow administrator to allocate access rights to the employee. The person working in research department will not be given access rights to company’s financial reports. This assigning is called the workgroup assignment.
• Organization can get the quarterly and annual analysis report of their business activities which help the organization to move in a positive direction.
• Help the organization to collect data of competitor’s activity and helps them to get all updates of the field they are engaged in.
• Helps the organization to decide between good clients and bad clients based. Based on this, the organization can make the necessary improvement to satisfy their good clients who are increasing their market reputation.