This post was updated to reflect current trends and information. Computer software maintenance costs monopolize an increasing portion of companies’ budgets. However, the management of a computer system on the premises involves a variety of operations, including software maintenance. Below are nine problems that we’ve identified, related to software maintenance.
This post was updated to reflect current trends and information.
Small and Medium Enterprises produce a mass of business data: reports on sales, profitability, financial performance, etc. Most of those companies are not aware that management dashboard and performance indicators exist at an affordable price. To interpret that mass, they most often use a system they have developed themselves, for example from Excel spreadsheets.
However, this system creates a mass of figures rather cumbersome and requires managers a tedious work of research and analysis. In addition, it unnecessarily complicates the tracking and makes data visualization difficult, if not impossible. Not to mention the countless hours spent entering and updating data and risks of deleting or duplicating key data. Fortunately for SMEs, the market offers effective tools that greatly simplify the analysis of business results.
The Management Dashboard
This is a graphical representation of business data using data, pie or bar charts, data curves, etc. gathered on the same screen.
With the management dashboard, the manager may focus on performance indicators (KPIs) which he considers essential.
These enable him to measure the performance of the firm for a specified period and to monitor the results or deviations from his goals, in real time.
What is ‘Performance Indicator’ Management?
Performance management is a continuous process that aims to plan, monitor, control and most importantly, reviews and analyze data on a company’s performance, as much as for internal stakeholders than external clients.
As we have seen, the use of traditional dashboards raises issues of ease of use and availability of data.
However, before changing system, small and medium-size enterprises want to ensure that the cost of a hi-tech management dashboard is not too prohibitive.
The Optimal Solution
Namtek provides a management dashboard specially designed to meet the needs of companies with limited resources.
Activated by Salient’s Intelligent Suite, our management dashboard with performance indicators is one of the most affordable solutions.
It is offered in the context of a Software as a service (SaaS) model. You will not have to pay for a computer system but only an initial implementation cost and pay-per-use fees.
Our solution is particularly advantageous as it gives you the choice between a system deployed on premises or in the cloud.
Benefits of a Management Dashboard & Performance Indicators
The main qualities of a management dashboard are to be user-friendly, easy to read, interpret and use.
In addition to being much easier to decipher than thousands of aligned columns of numbers, our management dashboard allows the executive to visualize the data for its key performance indicators (KPI) in the same location.
To facilitate interpretation, the table displays an overview of the situation for each indicator. The business executive short in time can see all the results in aggregate, without having to change screens.
To access more detailed analysis, he will only have to click on one or the other graphics.
In addition to all these advantages, the management dashboard with performance indicators:
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- is viewable by staff internally and externally
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- can be used anywhere, at any time desired
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- includes a drag and drop easy to use functionality
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- offer a data customization option
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- allows to add filters and data compilations
In short, it makes all data quickly available to you so you can make documented business decisions in ten times less than your usual system.
This post was updated to reflect current trends and information.
Analytics, KPIs vs. Reports
Employing some form of analytics to track company’s performance is more important than ever before, given the increasing competition in even the newly-realized platforms for business expansion – such as the mobile space.
Key Performance Indicators (KPIs) should be well-managed and easily-defined, so that the path to enhancing your business results is painless and adaptable to the changing times.
This is precisely where capable business intelligence software comes in. More than merely delivering accurate earnings reports, enterprise resource planning should entail automation of tasks, have wide applicability to multiple manufacturing and distribution industries, be affordable, and more. These attributes enable the SMB to concentrate on the business of running the company, without breaking the bank or sacrificing quality for cost.
As business intelligence software in the affordable SaaS model, erpwizard is at the front of the class for accomplishing all of these objectives, and it has a constellation of add-ons that ensure your business is ready to meet the challenges in any niche. Read more
This post was updated to reflect current trends and information.
Increase company’s sales with an eCommerce business software
In general, anything that streamlines the way in which you interact with your business will manifest greater financial gains, as well as more satisfaction from ease of use. Keeping tabs on disparate parts is an inherently inefficient process, which is prone to problems arising from incompatible software to tech-related breakdowns and time wasted.
This post was updated to reflect current trends and information.
Heteregonous Business Applications
In the recent past, the norm for a company that wanted to automate its financial and accounting processes was to employ several software business applications for the job. You would have one for manufacturing; another – often from an entirely different software company – for distribution, and so on. This led to the accepted standard of needing an in-house business software application team to oversee the collection of tools, and solve unique tech problems that often arose from the instability of such systems.
This post was updated to reflect current trends and information.
As you well know, efficiency and integrity of your company’s data are just as important in the business marketplace as the product or service you sell. Corporations employ powerful and expensive resource management and software programs to preserve the smooth functioning of their multiple streams of company data, which becomes important because of their propensity to acquire verticals. Many of these programs are well beyond the budgetary scope of your average SMB, which is why erpwizard is making such waves as a viable business management solution alternative for the small/medium sized business. Read more
Mobility, efficiency and ease-of access are the hallmarks of some of today’s most successful companies. Finding software platforms that help you accomplish these things – without spending a fortune – can positively enhance your distribution network. Given these new considerations, the WIMS Mobile 2.0 software seeks to help your business streamline operations by enhancing your […]
Efficiency is among the most difficult challenges faced by small to medium-sized enterprises today. Since limited resources are common place within these organizations, staying competitive against the better-funded, global competition is tough. Whether your company is focused on surviving during this tough economic climate or aiming to improve productivity for higher return on investment, hosted software is the solution.
Introduction
In today’s extremely competitive business marketplace, the efficiency gained by implementing a sufficiently robust enterprise resource planning software solution to link aspects of your network together cannot be overlooked.
Although the ROI tends to be considerably higher after a company uses an ERP to streamline and automate all aspects of its business, the initial costs associated with acquiring the kind of ERP solutions used by large corporations can be prohibitively expensive for the smaller business – which has a much smaller margin of error in an ERP cost benefit analysis. It is because of this expense, and the need to find solutions for SMBs, that there exists ERP software that conforms to the SaaS paradigm. With this in mind, SMBs can now more accurately assess several attributes of low cost ERP solutions:
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