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Role of ERP in BI

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Have you wondered how to improve organizational efficiency? There is a pool of options that can help you out in achieving it. Let's talk about one of the most important ways i.e. ERP system (Enterprise Resource Planning). Why every important thing sounds so weird? ERP is like one of your friends which acts as a gel between all friends. To be more specific ERP system is like a bridge that helps in connecting all critical departments. ERP software allows all departments to collaborate and operates on a common database. All departments have access to the dataset which signifies the performance of the company.

In the modern world where every organization is getting flooded with vast data, the role of BI is very pivotal. Mainly every ERP system has a built-in BI feature but in some cases, if you receive a large number of datasets on daily basis then you need a specialized BI tool that can be integrated with the ERP system. It can help your organization to get better insights from every single piece of data. When you integrate ERP with BI it's like the integration of Captain America and Iron Man. When you combine both of them it will provide you the best insights out of your data and help you in making better and informed decisions.

Does Captain America and Iron Man differ from each other? Yes, they are different like ERP and BI. The core function of any ERP software is to collect data from different departments and makes it available for the BI tool to generate insights out of it. The perfect ERP software will allow any organization to be more organized in nature. They both function when they are together. Any organization can't function if they are using only one of them. ERP software is good if you are focusing on it today but in a long run, you need a BI tool that will provide you the required insights. It will make you confident about the performance of your organization and lead to better decision-making.

Let's unleash the power of Captain America and Iron Man when they are together. Let's list out the key benefits of the BI tool in ERP software.

  • Better Reporting- Since we discussed that ERP software collects data from various departments but that data is raw which is needed to be clean. BI tools can do this for you and can help you in getting a better picture of your data using advanced and dynamic dashboards. This provides common and unified datasets for the organization to work with.
  • Eliminate the data analysis- We know that the BI tools are quite intuitive and easy to use that anyone can produce better reports just by using some basic drag and drop functions. There is no need to have knowledge of coding to work with BI tools.
  • Helps in performing predictive and historical analytics- You can use your historical data to analyze it using the BI tool. Also, you can analyze the data and identify future trends.

Any ERP software with an integrated BI tool will provide you a better understanding of your business and allow you to make a well and informed decision. There is plenty of such software that is available online it depends on your requirements which one to use. All have the same goal to get the best out of your data which can improve business performance.


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