Financial Reporting with Microsoft Dynamics
Growing businesses get ahead using Financial Reporting with Microsoft Dynamics When you combine financial reporting with Microsoft Dynamics, you have...
1 min read
CAL Business Solutions Mon, Mar 02, 2015
We used to be buried in paper. Now we are overloaded with data. How can you use it instead of letting it bury you like an avalanche?
Electronic data keeps growing, from megabytes in the past, to terabytes in the present, to infinity in the future. Information overload! It costs to store it, back it up, and protect it. Like an avalanche, it is overwhelming. But also like an avalanche, data is powerful. Data, if skillfully used, can be turned into an asset that pushes your business forward.
The wealth of data a business generates over time is too valuable to waste. Data provides information, information produces knowledge, and knowledge applied correctly leads to better business.
A couple of problems need to be overcome, though. Managers are busy, and plowing through mountains of data and looking for ways to improve their business can be daunting, if not impossible. Some may simply not know how to find or interpret the data to get the results they want.
What can help to overcome those challenges? Many businesses are benefiting from ERP/accounting software, such as Microsoft Dynamics GP, that enables them to painlessly use their data to gain useful insights that they otherwise would have missed. Such software boosts productivity by connecting data sources with other aspects of the business including calendars, email, sales, and more, and makes it accessible anywhere, at any time.
Since technology is changing the way we do business, why not use technology to change what has been dead, useless data into a vital asset that can be used every day, to make decisions, to increase customer satisfaction, and to plan the future?
For specific examples, check out the infographic, “Five Ways to Turn Business Data Into Insight”.
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