Point to consider for Business Intelligence Software Implementation

BI Software : Point to consider for Business Intelligence Software Implementation by navneet kumar

Business intelligence software is widely used in various companies for better analytical approach. Business intelligence softwares are in fact good way to generate the analytics but it is not so easy as it seems. On each and every step we face implementations issues and we have to resolve the same. The first problem arises when we select the business intelligence software. Sometimes it becomes difficult to define the exact need of the company with respect to the business intelligence software. We have to consider all the variables about company needs and also future growth needs. In big companies this becomes more difficult because the inventory used by them is so large to summarize and to define the exact nature of the business intelligence software. Second problem faced is based on the existing system used by the company. Mostly companies are using any sort of erp system to resolve the current need. When they use the older version of the system people might use the very old configuration of the machines like computer and the people to get the results do several manipulations. When we implement business intelligent software this manual change creates the problem and data we get cannot provide appropriate results. Third problem faced in business intelligence software implementation is the people who were working on the old system gets habitual of the same. It is very difficult that the business intelligence software is user friendly for all the users. Since people are happy with the old system their interest to learn the new system becomes a hurdle. If some people even want to learn the system it may be difficult for them in case of aged people. There are so many other factors, which are faced during business intelligence implementations, but all issues sorted out if we select appropriate business intelligence software. The reason behind this is that suitable business intelligence software system fulfills the need of the organization but also takes care of the level of employees which are suppose to use the whole system.

About the Author
Navneet Kumar is an engineering graduate and writes on Business Intelligence and Business Intelligence Software.

Source: Business Intelligence Software, Business Intelligence Comapny, BI information at goarticles.com

Oracle Price Analytics

Oracle BI Business Intelligence Application Software : Oracle Price Analytics

Critical pricing decisions are made every day that affect the ultimate profitability of an enterprise. Often, analysts and managers are forced to determine prices and discounts with limited information, guessing at what price the customer will pay or using the most recent customer price as the basis for the next price. Oracle Price Analytics enables users to make insight-driven pricing decisions, to measure pricing effectiveness and to take improvement actions, informed by consistent data and the right business context. Users are armed with visibility into a single consolidated view of profitability and simple-but-sophisticated analytic tools and alerts.

BENEFITS
- Enable Accurate, Data-Driven Pricing—Make decisions based on valuable insight into product demand, customer price sensitivity, and overall pricing effectiveness.

- Better Understand Impact of Pricing Decisions—Analyze and understand impacts on product
velocity, discounting on margins, effectiveness of pricing promotions, and product profitability across channels.

- Identify Pricing Improvement Opportunities—Understand price drivers by considering the bottom-line impact of all discounts, services, incentives, rebates, and marketing programs.

- Monitor and Optimize Performance—Measure the effectiveness of given price profiles and price segments. Monitor corporate and regional prices and policies as they are executed in the field.

- Proactive and Predictive Intelligence—Determine hidden contributors to price variance, find natural clusters of willingness-to-buy and cost-to-serve behavior, and otherwise use data mining and statistics to improve your price insights.

Source: Oracle BI Application, Oracle Business Intelligence Application software, Price Analytics BI Software information at www.oracle.com

How intelligent is business intelligence software

BI Software : How intelligent is business intelligence software by navneet kumar

Business intelligence applications and technologies can help companies analyze the following: changing trends in market share, changes in customer behavior and spending patterns, customers' preferences, company capabilities and market conditions. Business intelligence can be used to help analysts and managers determine which adjustments are most likely to affect trends. BI systems can help companies develop consistent and "data-based" business decisions--producing better results than basing decisions on "guesswork." In addition, business intelligence applications can enhance communication among departments, coordinate activities, and enable companies to respond more quickly to changes (e.g., in financial conditions, customer preferences, supply chain operations, etc.). When a Business intelligence BI system is well-designed and properly integrated into a company's processes and decision-making process, it may be able to improve a company's performance. Having access to timely and accurate information is an important resource for a company, which can expedite decision-making and improve customers' experience. Business intelligence analysts have developed software tools to gather and analyze large quantities of unstructured data, such as production metrics, sales statistics, attendance reports, and customer attrition figures. Each BI Business intelligence vendor typically develops Business Intelligence systems differently, to suit the demands of different sectors (e.g., retail companies, financial services companies, etc.). As businesses started automating more and more systems, more and more data became available. However, collection remained a challenge due to a lack of infrastructure for data exchange or to incompatibilities between systems. Analysis of the data that was gathered and reports on the data sometimes took months to generate. Such reports allowed informed long-term strategic decision-making. However, short-term tactical decision-making continued to rely on intuition. Business intelligence involves different strategies. The Business intelligence BI task can be handled with the aid of application software. Application software is broadly categorized under class of computer software that enables a computer to function in accordance with what the user desires. The application software is different from the system software that integrates different capabilities of the computer but these are not directly applied to the benefit of the user. The application software is designed to help people be prudent in taking decisions by imparting them accurate, current and requisite information. This is precisely the reason that business intelligence is also referred to as 'decision-support system' or DSS.

About the Author
Author writes several concepts on business growth. For more you can visit to Business intelligence Software and BI implementation. This article can be reprinted if author's active links are placed live.

Source: Business Intelligence Software, Business Intelligence BI companies articles at goarticles.com

Oracle Loyalty Analytics

Oracle BI Business Intelligence Application Software : Oracle Loyalty Analytics

Improve the Effectiveness of Customer Loyalty Programs
Companies across different industries use Loyalty Programs to drive and sustain growth, yet the majority of these programs fail to reach their targeted goals due to limited insight into the effectiveness of their programs on customer behavior. Oracle Loyalty Analytics is a comprehensive analytic solution that provides new levels of information richness, usability and reach to all employees engaged in the loyalty program lifecycle. This results in faster and more informed decisions that help the loyalty organization optimize its programs to drive member behavior, build value and reduce costs.

BENEFITS
- Manage Program Effectiveness—Leverage the power of timely, actionable information to improve the effectiveness of promotional programs, understand customer transaction trends,
and improve customer loyalty programs.

- Enhance Customer Insight—Unlock valuable information hidden in systems across the enterprise. Identify the most profitable customers and effectively drive desired behavior. Segment and analyze across customer and partner channels to get a holistic view of loyalty program effectiveness, promotion ROI and member profitability drivers.

- Manage Proactively—Urgent business circumstances demand immediate attention. Oracle Loyalty Analytics keeps you apprised of factors and thresholds, allowing you to take necessary actions in maintaining customer satisfaction.

Source: Oracle BI Software, Oracle Business Intelligence Application Software, Loyalty Analytics Software information at www.oracle.com

Oracle Human Resources Analytics

Oracle BI Business Intelligence Application Software : Oracle Human Resources Analytics

Deeper and Integrated Talent Insight
Talent management is about providing workforce information to business leaders so they can attract, develop, and retain the best people. With more than 300 metrics and 600 dimensional attributes, Oracle Human Resources Analytics provides the workforce information your human resources (HR) professionals and front-line managers need to analyze workforce staffing and productivity, and to better design compensation that rewards performance. Oracle Human Resources Analytics integrates data from a wide array of functional areas in HR and Finance, presenting the best tools available to better source high quality applicants, and to reduce employee retention and absence costs.

BENEFITS
- Workforce Insight—Monitor workforce demographics in line with your recruitment and retention objectives. Analyze efficiency of the entire recruitment process lifecycle, understand and prevent the drivers of employee turnover.

- Targeted Workforce Development —Gain insight into the movement of top and bottom performers in the organization to engage and develop internal talent. Gain insight into learning demand by analyzing course enrollments by job, delivery methods, and organizations.

- Improved Compensation—Understand how compensation impacts performance, ensure compensation is equitable and consistent across roles, and align variable compensation with your organization's objectives and goals.

- Leave and Absence—Get a comprehensive view into employees' current, planned, and historical absence events; monitor absence trends as a predictor for employee engagement.
Better Understanding of HR Performance—Assess HR's overall performance and employee productivity using industry benchmarks such as revenue per employee, contribution per headcount, and return on human capital.
US Statutory Compliance—Monitor US EEO, AAP, and Vets100 compliance reporting.

Source: Oracle BI Application, Oracle Business Intelligence Software, Human Resources Analytics Software information at www.oracle.com

Oracle US Federal Financial Analytics

Oracle BI Business Intelligence Software : Oracle US Federal Financial Analytics

Improve Budget Management and Accountability
In today's economic climate, efficient budget execution combined with reporting accuracy and transparency are essential in making the most of limited budget dollars while building citizen trust. Oracle U.S. Federal Financial Analytics provides operational and financial business intelligence to federal government agencies to improve transparency, accountability, and measure results.

BENEFITS
- Improve Budget Management—Oracle U.S. Federal Financial Analytics provides proactive and event-based insight that automatically detects problems, placing powerful information in the hands of those who have to make daily decisions

- Minimize Borrowing and Interest Payments—Track and manage non credit card invoices paid on time and interest penalties payments. Minimize delinquent debt amounts to improve management accountability, and reduce Treasury borrowing

- Improve Agency Efficiency—Promote the use of electronic payment to vendors to reduce paperwork, and improve payment performance management

- Minimize IT Costs—Integrated with Oracle E-Business Suite's Federal Financial Applications, Oracle U.S. Federal Financial Analytics provides hundreds of powerful financial metrics, alerts, and reports, enabling fast deployment and lowering cost of ownership

Source: Oracle Business Intelligence Application, Oracle BI Software, US Federal Financial Analytics BI Application Software information at www.oracle.com

Oracle Financial Analytics

Oracle Business Intelligence BI Software : Oracle Financial Analytics

Get Accurate, Timely, Transparent Reporting and Better Compliance
Understand and manage the key drivers of shareholder value and profitability. Oracle Financial Analytics helps front-line managers improve financial performance with complete, up-to-the-minute information on their department's expenses and revenue contributions. Hundreds of key performance indicators and more than 200 reports enable financial managers to improve cash flow, lower costs, and increase profitability while maintaining more accurate, timely, and transparent financial reporting that helps ensure Sarbanes-Oxley compliance.

BENEFITS
Payables—Assess cash-management and monitor operational effectiveness of the payables department to ensure lowest transaction costs
Receivables—Monitor DSOs and cash cycles to manage working capital, manage collections, and control receivables risk
General Ledger—Manage financial performance across locations, customers, products, and territories, and receive real-time alerts on events that may impact financial condition
Profitability—Identify most profitable customers, products, and channels, and understand profitability drivers across regions, divisions, and profit centers

Source: BI Software, Business Intelligence Software Application, Financial Analytics BI Application, Oracle BI Software at www.oracle.com