Because it will help you,
1) Operate At The Highest Level
Your business is bigger than you think. The potential is vast, and to get the maximum out of your business, you need reporting.
Reports help assimilate all the transactions that happen in your business and provide a simple to understand summary of all the possible outcomes. Which product has the most sales, which product gives the most profit, etc?
2) Make The Best Decisions
Continuing the point above. When you have answers to the most tricky questions, you have an advantage. When you know your Star products/service, you can bring them to play more often, promote them better, and scale their reach.
3) Save Time
Reports can save a lot of time when done right. Reports provide you clarity in a matter of few minutes. They give you a direction and help you make big decisions.
But making the reports can be time-consuming. Not when you have S.I.M.P.L.E., a simple to use and an end to end enterprise system. The best part, you don’t even need S.I.M.P.L.E. to run the reports you can do so with your existing ERP.
S.I.M.P.L.E. comes with Jaspersoft, a flexible BI tool which functions as a plug and play tool.
4) Do More Sales
Reports can help you understand your customers better. You can keep track of their buying behaviors, the demand fluctuations, your sales performance, and devise a strategy that works best for your business.
5) Get The Best Out Of Your Employees
Great thing about humans, their limits can be stretched. You have superheroes at work but don’t know how to utilize their powers. Reports help track employees performances, their area of stardom, their inabilities.
Using reports you can assign the tasks correctly using the strengths of your employees.
6) Set Goals And Surpass Them
You’ve set your goals, motivated the team, and the motivation can be seen in the eyes of the employees. But how are you going to measure the progress?
Reports are the easiest way to see where you’ve reached, where you’re headed, the distance remaining, what strategy is working, what is not working.
By knowing everything you have to know, you not only gain tremendous confidence but can better organize your steps to not only reach your goals but to surpass them.
7) Reduce Costs
When you get clarity on the demand, cost, and inventory front you are better equipped to reduce the storage costs, the production costs, and various other costs involved in running your business.
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