5 ways using Sage Intelligence could better your business

  • by Marcus Leathwood - Tue, 06/24/2014 - 00:00
According to recent studies, the levels of data available to business is growing at a rate of 56% year on year, however, approximately 40% of companies admit they make many decisions based on inaccurate or incomplete data.
Meaning while the data is available, businesses are unable to accurately and effectively analyse this information to make better business decisions.
Sage Intelligence is a great way for businesses to improve their understanding of the data available to them and greatly increase their knowledge of how the information should effect their business decisions.
1.    Understanding your cash flows now and in the future.
Cash is the life blood of any business, therefore, understanding the flow of cash throughout the business is vital for success.
It is important to accurately forecast cash flows at different stages in the business cycle. This way your business will always have healthy and cash can continue to flow. A good reporting tool, such as Sage Intelligence will allow you to do this very effectively. 
2.    Making budgeting and forecasting work for you.
Accurate budgeting is very important to determine profits, Therefore it is important to understand when budgets were incorrect and why this is.
Consider Budgeting and forecasting as the tools for you to bring your business plan into fruition. The greater your knowledge of these tools, the better they can guide you in implementing this plan.
Sage Intelligence ensures actual results fall within a reasonable variance of the forecasted value and to flag up any budgets which not. Allowing you to review these budgets and more accurately forecasts in the future.
3.    Healthy debtors management
Managing debtors is a very important aspect in a lot of businesses.
Effective reporting on outstanding debt can enable you to incentivise not only your debtor’s clerk but also your sales team. If sales team gain commission on a sale and then the customer does not pay this can have serious detriment on your cash flow.
The key to good debtor management is to always know your debtor situation and to keep on top of it, Sage Intelligence for example will give you an everyday picture at the click of a button.     
4.    Identifying sales trends to drive success
Analysis of sales is very important to most businesses. Usually the first question analysed is, ‘how much has sales changed over the same period last year?’ This however, is not as important as the next question, ‘why?’
A good reporting tool, such as Sage Intelligence, will allow you to quickly identify trends within sales data, therefore drive your business much more effectively. Focusing you around the aspects of your business which have proven to be the most successful.
5.    Tracking the overall health of your business
A good business intelligence tool allows you to spend less time worrying about understanding your financial data. Sage intelligence offers you all of this information at your fingertips. It gives you at a glance reports for all of things discussed earlier and allows you to make informed decisions to drive your business forward.
With Sage Intelligence, you can have a handle on the financial health of your business in just 15 minutes a day. It’s a good way to start your day…
Read the rest of the new Whitepaper from Sage – Sage Intelligence; Financial Savvy for Small Business Owners
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Call us for a brief informal chat about Business Intelligence, or to discuss your requirements in more detail on 01932 237 110 or email sageinfo@acuitysolutions.co.uk