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Microsoft® Excel® has become one of the most widely used software applications of all time, in both small and mid-sized businesses—as well as in much larger corporations. Whether you like it or not, Excel is everywhere you look in the business world. By investing time in your Excel skills, you’ll not only increase your efficiency in operating the […]
A good Business Intelligence solution will give your company a competitive advantage, and there are many compelling reasons why all business owners should make it a priority to invest in one. Here are the top three: Reason 1: Automate reporting processes Most companies face constant pressure to increase profitability, improve cash flow, reduce costs, and […]
Microsoft Excel is the universal language of business and accountants, and most decision-makers in small to mid-sized businesses use the king of spreadsheets in some way for reporting. In fact, research analyst Gartner has conceded that “Excel is still the number one reporting tool”. Why then, would you want or need to use a Business […]
In today’s competitive business environment, small business owners and mid-sized business managers need to dedicate their skills to managing their businesses, and not sifting through endless reports trying to make sense of heaps of information. A snapshot view of your business is critical in a business environment when there is so much valuable information floating […]
More and more companies are calling for the necessity of business intelligence (BI) and reporting. It’s fast becoming the ‘it’ word in business, and regularly features in the discussions of many business circles. However, there seems to be a gap in understanding why we need BI. What’s the point of having BI? What’s the big […]
The traditional business intelligence (BI) environment has become bogged down with high-ticket prices, delayed deployments, failed integrations and slow responses to BI requests, and frankly, has lacked any real new innovative ideas for a long time. This begs the question—does simple and affordable business intelligence even exist? Shaking things up This poor reputation has preceded […]
Keyhole visibility is a concept that is familiar to many Small & Medium Businesses (SMBs). This type of business visibility is equivalent to trying to see what’s happening in a room by looking through the keyhole of a door. Likewise, with a narrow view of your business, you are forced to make critical decisions with […]
We all know the importance of small businesses to economies around the world. In the US, small firms employ about half of all private sector employees. Yet, according to Bloomberg, eight out of 10 companies fail within 18 months of opening for business. Virgin founder, Sir Richard Branson goes so far as to say that, […]
If cash flow is the lifeblood of a business, being able to understand sales trends must be the heart. In this article, you’ll discover the value of sales trends and how you can use them to better run your business. If you enjoy this post, you can discover more financial tips for small business owners […]
Do you need to know how many customers you have invoiced this month? When creating a Pivot Table and adding your customers to both the row labels and again in the value area, each transaction is totaled for each customer. This does not give a true reflection of how many customers you have invoiced. In […]
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