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How to Free Your Data

Business Intelligence (BI) applications while not new have certainly become more accessible to the small to mid-sized business. The features are just as powerful as the applications which cost tens of thousands of dollars but provide an implementation and user experience which is modern, mobile and cloud-based.

In addition to a lower cost of ownership the new BI applications open up opportunities for more people within your organization to use them to make decisions and gain insights which haven't been possible before. As a Distributor you are always looking for ways to set yourself apart from the competition, grow sales and increase profitability. BI may be a tool that helps you and your team do that.

Engage More
With a deeper focus on the user experience within BI applications you should find these tools easier for your team to learn and apply to their jobs. They are getting answers on their own. Some levels of decision making can be pushed further out into the organization and your team is not struggling on their own or relying on an IT or Business Analyst to create reports. And you are freed up to focus more on strategic initiatives. 

Warning Ahead
But getting decision making tools into the hands of more people within your organization comes with some challenges. Issues can start when everyone has their own version of the truth. Each manager protects their data with great intensity. The proliferation of data and data sources has only increased. You added to the collection of Excel spreadsheets but you didn't reduce the confusion and volume of documents being created.
You also have data in other areas which you would like integrated into your business applications. Data from HR, Payroll, your vendors and industry resources combined with financial, sales, warehouse, inventory and purchasing data becomes a powerful combination to really help you and your team see what is happening across the business both internally and externally.

Strong Data, Strong Decisions
At Epicor we have approached the need for better insights and stronger decision making in a way which brings the best benefits to our customers. Our solution, Epicor Data Analytics provides a cloud-based BI solution which is fully integrated to the Epicor Prophet 21 database. Access to your financial, purchasing, inventory and sales information is ready to go out of the box. You are not creating dashboards from scratch, it connects seamlessly to Prophet 21 and with a little help you will connect the tool to external data sources like HR, Payroll, and vendor applications.

Epicor Data Analytics comes with content pre-built to the specific needs of a Distributor. Dashboards, KPI's, charts for Sales, Inventory, Purchasing, General Ledger, Accounts Payable, and Accounts Receivable are built-in. And since Epicor's experienced Distribution team built these modules, it means the information is right, reliable and ready to go in days not months. Epicor's decades of experience working with distributors, understanding your business, along with research in industry standard Key Performance Indicators, means we built a business intelligence solution which is a fantastic starting place for your business. And all of the information within EDA pulls from one source of data so you have a platform from which to build a single source of truth within your organization.

Epicor Data Analytics is a subscription based service, which provides you with a low cost of entry allowing you to try the application before making a big commitment across your business. This reduces your risk but provides a scalable application to grow with your business. 

So contact us to find out how Epicor Data Analytics can transform…and help you grow your business.

Follow Mark Jensen on Twitter @markdjensen

Posted by Mark D. Jensen, Sr. Manager Product Marketing, Distribution, Epicor

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