A self-service reporting portal tool is far more than a convenient option. It offers the potential for regular, increased profits. Users only need to understand and take full advantage of the tools at their disposal.
Spot Opportunities Faster
Although self-service reporting has many advantages, one of the greatest is speed. To use BI software to its greatest potential, users must utilize speed-oriented techniques. It is one of the best ways to get your investment back faster while maximizing monthly profits. A , like the one offered through IntelliFront BI, allows users to increase their reaction time through two distinct methods. The first, of course, is by providing a quick and easy way to generate reports. There is no waiting, and the tools give users access to simpler, easier ways to create those reports.
The second way a self-service reporting portal helps boost speed is through specific scheduling. IntelliFront BI allows users to schedule reports based not only on time but also on events. When something important changes in your data, the software automatically generates a report and sends it to your inbox. It’s easy to set up these event-triggered reports, and they allow users to respond to potential opportunities faster than any other type of scheduled report.
Trim Losses Before They Get Worse
Event-triggered reports don’t just reveal opportunities. They also alert users to serious issues before they grow out of control. However, this isn’t the only way a self-service reporting portal helps reduce costs. In addition to providing for rapid responses, products like IntelliFront BI help with damage mitigation and prevention.
By scheduling a series of regular reports that reflect the numbers tied to monthly costs and losses, it’s easy to get a better view of the situation. Any business intelligence tool is most effective when used often. Regular loss reports reveal patterns and predict trends. Users can see the link between employees the most unnecessary losses. They can also see which perishable items are not selling fast enough, how long similar products have lasted in the past, and the sale prices that bring the most customers into the store. Whenever a user has a question about losses, their self-service reporting portal is available and ready to assist.
Set Up for Another Successful Month
Each month has different demands, and predicting these can help BI users earn the greatest profits. You want the best estimates to set up merchandise orders, schedule employees, other success inducing tasks. To do this, you need to look at data from the previous years and compare it to the current year. What trends look like they’re repeating? Look for both opportunities and mistakes. With self-service reports available throughout this analysis, it’s easier to look at problems and opportunities from new angles.
A self-service reporting portal allows businesses to improve profits not only this month but for as many months as users take advantage of it. Users can take advantage of opportunities faster, cut costs more efficiently, and prepare for the future. It’s a critical suite of benefits for any business working to boost profits.