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Cash Flow Analysis with Microsoft BI

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Cash Flow Analysis with Microsoft BI

May 21, 2021

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Cash Flow Analysis with Microsoft BI

With the advancement in technology, it is more important than ever to understand how cash flow affects your company and how technology, such as business intelligence (BI), can help you keep track of your cash.

What is Cash Flow Analysis?

Financial reporting requires the use of cash flow analysis. You can tell where cash is produced and invested by looking at your company’s cash inflows and outflows over time so you can prepare accordingly. Controlling your cash will help your company not only stay afloat through difficult times but also open gates to new opportunities.

Have you had a profit or a loss? Cash flow is important at any point of a company’s development cycle, whether you’re a new start-up or an existing company. Anything you do requires money, from managing assets to hiring a new employee. To achieve security and consistency, you must have the right tools and structures in place at the right time to help you manage and predict your cash flow.

Different Approaches to Cash Flow Analysis

At the end of each quarter, most accounting teams are responsible for conducting a cash flow analysis to determine that all of the company’s expenses are taken into account.

Free Cash Flow (FCF) is among the most valuable financial performance indicators. Experts look at FCF or operating cash flow minus capital expenditures to determine how much money a business has left over to broaden or return to shareholders. You have an issue if your expenditure exceeds your income.

A cash flow statement is a crucial tool for managing cash flow, and it contains data from operations, investing, and financing. A cash flow statement is traditionally created to use Excel-based manual data analysis. It can be difficult to combine data from your cash flow analysis, expected and real operating expenses, capital expenditures, accounts receivable/payable balances, and general ledger data. Excel costs time and money. Identifying the ramifications, many businesses have simplified manual accounting processes and adopted business management and intelligence technologies to better analyze and predict cash flow.

Cash Flow Analysis with BI

Companies have embraced business intelligence technology to change the way they handle their cash flow now that the platform is more available and affordable. Companies use business intelligence and analytics software to automate cash flow analysis and provide the tools they need to analyze data optimize cash flow analysis, and more.

The best feature of business intelligence software is that it is designed to provide more precise financial statistics and, as a result, eliminate the guesswork from the cash flow analysis process. BI solutions provide managers with reports that are timely, reliable, and simple to use.

Here are a few examples of how BI is assisting companies all over the world in better managing their cash inflows and outflows.

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Intelligent Predictions

Financial predictions enable you to prepare for the allocation of resources and budgeting by providing a clear way to making strategic business decisions. Cash predictions can be generated automatically using BI software. Financial managers can remain updated at all times with this ability, including advanced warnings of cash shortages or surpluses. This enables a business to respond rapidly to growth potential or to cut back when necessary.

Data Management

Assembling data from various sources is the most time-consuming aspect of cash flow analysis by spreadsheet. You will get the figures you require in real-time using BI software that combines with your ERP and CRM solution. The cash flow analysis will provide more useful insights and up-to-date reports, allowing you to make fast, data-driven decisions.

Manage Projects

Large projects may have a significant impact on cash flow. For cash flow development and proper development, financial managers need greater control of what goes in and what comes out, so the ability to analyse a project’s length, expenses, resources needed, and payment terms is critical.

Plan Inventory

There are some costs involved with the inventory. It not only binds up cash in goods but getting too much inventory can also be harmful to your cash flow. You will make a decent source of supply and be more careful with inventory spending with BI tools. In the long run, BI will save you a lot of time and money by sales forecasting and intelligent reporting.

Risk Management

Should you put money into a new venture? Should you temporarily reduce your spending? Risk management software such as BI software is a reliable tool. If you have a cash flow problem, if your prediction indicates that you may not have enough cash, a BI solution will enable you to perform a fast prediction and liquidity analysis to assist you in making the best decision possible.

BI Solution

BI tools help data-driven analysis and decision-making, which is just what you need to keep a tight grip on your cash flow. Although there are many BI solutions available today, particularly for Microsoft Dynamics users, there is no such thing as a “one-size-fits-all” solution.

We are here to assist you if you want to improve your financial statements and cash flow review. Contact us today!

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How Does Business Intelligence Help in Demand Forecasting

Home > Blogs > How Does Business Intelligence Help in Demand Forecasting?

Business Intelligence Help in Demand Forecasting

May 21, 2021

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

How Does Business Intelligence Help in Demand Forecasting

Businesses are investing significantly in advanced analytics to maintain a competitive advantage and improve their result due to big developments in artificial intelligence and machine learning. Predictive analytics is one of these fields in which businesses extract information from existing data to assess purchasing patterns and predict future trends.

Predictive analytics makes use of a combination of data, statistical algorithms, and machine learning approaches to predict the likelihood of future outcomes based on the past. Every sector, from banking to retail, uses this technology to assess consumer responses or orders, forecast inventory, manage capital, and even detect fraud. Predictive analytics is becoming more popular, even though it has been around for decades, thanks to increasing quantities of data and readily available tools ready for a transformation.

Below we will look at how market intelligence can help with demand forecasting, a type of predictive analytics that focuses on consumer demand. We’ll go into what demand forecasting is, how it operates, and how to get started with it using business intelligence tools.

What is Demand Forecasting?

Demand forecasting is a type of predictive analytics that focuses on predicting customer demand for products and services. It estimates potential demand based on historical data and current market conditions and sets the level of supply-side preparedness needed to match demand.

Demand forecasting is important in production planning and supply chain management, even if it isn’t an acquired skill. Demand forecasting impacts everything from budgeting and financial planning to capacity planning, sales and marketing planning, and capital investment.

Why Should You Use Demand Forecasting?

Manufacturers, distributors, and retailers use demand forecasting as an important part of supply chain planning to gain insight into their activities and make educated, efficient decisions about pricing, inventory stock, resource optimization, and more.

Listed below are some major reasons why demand forecasting is so important in today’s supply chain:

  • Increased customer loyalty (providing customers with the items they want, whenever they want it).
  •  Inventory management to minimize stock-outs and overstocking.
  • Effective raw material and labor scheduling.
  • Improved capacity planning and resource allocation.
  • Better distribution planning and logistics.
  • Affordable pricing and promotion.

Use of Business Intelligence in Demand Forecasting

Data is used in demand forecasting. If the data you use is incorrect, the math and how you apply it will result in under or overestimated demand, leaving you with a slew of disgruntled customers or an overabundance of goods. Most businesses use a business intelligence solution to help with data planning, data co-ordination, and forecasting to better understand demand and supply.

Business intelligence software is designed to capture, unify, sort, tag, analyze, and report on large volumes of data. Here are four main areas where market intelligence can help you get started with reliable demand forecasting:

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Increase efficiency and deliver success now with Microsoft Power BI. Enjoy a 20% discount on all Power BI services.

Interact Live
with Dashboards

Increase efficiency and deliver success now with Microsoft Power BI. Enjoy a 20% discount on all Power BI services.

Data Preparation

Most businesses fail to cleanse, verify, and audit their data regularly. As a result, 40% of company data is either incorrect, incomplete, or inaccessible (Gartner). BI software allows you to organize and monitor your data in one place, ensuring that your analytics are based on reliable data.

Data Collection

data warehouse can assist you in gathering business data from a variety of sources and using it for accurate reporting and analytics. Data warehouse-powered BI will help correlate data from different systems to provide further visibility into the supply chain, revenues, and financials, among other items.

Data Analysis

BI software is built for processing and measuring large quantities of data. Maintaining a system of records, which includes historical records and various data sources, ensures that all findings are based on the same version of the facts.

Reporting and Analytics

With pre-built dashboards, BI software will give you a single view of results and reports for the rapid dissemination and exchange of real-time information on demand. This encourages better preparation and coordination between the teams.

Improve your data quality and plan your data for reliable demand forecasting by learning more about what you need to do. At Global Data 365, we will analyze your current systems and show you how business intelligence will help you build the technology base for your company.

Contact our team for more information!

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Business Intelligence with Power BI

Home > Blogs > Unleash the Power of Business Intelligence with Power BI

Power of Business Intelligence with Power BI

January 25, 2023

Global Data 365 is composed of highly skilled professionals who specialize in streamlining the data and automate the reporting process through the utilization of various business intelligence tools.

Business Intelligence with Power BI

Business Intelligence is a crucial aspect for companies to make informed decisions and stay ahead of the competition. Business Intelligence with Power BI offers a simple and fast solution for efficient data visualization, real-time reporting, and predictive analytics, Power BI can turn data into actionable insights.  

The platform is user-friendly interface and ability to integrate with a wide range of data sources make it easy for companies to get started. Adopting Power BI business intelligence can help organizations make data-driven decisions, improve operational efficiency, and drive growth. Start leveraging the power of Business Intelligence with Power BI today. 

Maximize the potential of your data and gain valuable business insights with Power BI services. As a powerful data visualization and reporting tool, Power BI can help you turn raw data into actionable insights, empowering you to make data-driven decisions with confidence. With its interactive dashboards and insightful reports, you can uncover patterns, trends, and opportunities in your data, and transform your business for growth.  

Why Power BI - Advantages of Power BI for Business Intelligence

There are many options available for organizations for business intelligence then Why Power BI? Power BI have edge over other tools when it comes to effective business intelligence. Microsoft Power BI takes lead over other tools because advantages of Power BI are immense that it offers to organizations. Below are the five advantages of Power BI that results in effective business intelligence which will ultimately bring effective results.

Data Integration with Power BI

Data integration in Power BI is more advanced compared to other tools due to its seamless integration with other Microsoft products and its ability to handle large amounts of data. Power BI allows for easy import of data from various sources such as Excel, SQL Server, and cloud-based platforms.  

Additionally, Power BI’s Direct Query technology allows for real-time data analysis and visualization, providing users with up-to-date insights. Power BI’s powerful data integration capabilities make it an ideal choice for organizations looking to centralize and make sense of their data. 

Drag and Drop Interface

The drag and drop interface of Power BI allows users to effortlessly manipulate data to create customized visualizations and reports. Unlike other BI tools that require coding or complex data structures, Power BI’s intuitive interface makes it easy for users of all skill levels to explore and analyze data.  

The ability to drag and drop data sources and instantly see visual representations differentiates Power BI from other BI tools, enabling users to quickly gain insights and make data-driven decisions without having to rely on IT support. 

Power BI Data Modeling

Data Modeling in Power BI allows users to create relationships between different data sets and create a unified view of the data. This helps in easy data analysis and decision making. So, the next time you consider adding a new facility, Power BI will assist you in analyzing the impact it will have on its suppliers. It allows a person to observe the current world while still planning for the future. 

It also integrates with other Microsoft tools, making it a part of a larger data ecosystem, which can be useful for organizations that use multiple Microsoft products. Additionally, Power BI provides a wide range of data visualization options and interactive dashboards, which can help make data insights more accessible to stakeholders. 

Ease of Use

Power BI is known for its ease of use, as it offers a simple, intuitive interface for data visualization and business intelligence. This makes it accessible to users with a variety of technical backgrounds, allowing them to easily create and share interactive dashboards and reports. 

Interact Live
with Dashboards

Increase efficiency and deliver success now with Microsoft Power BI. Enjoy a 20% discount on all Power BI services.

Interact Live
with Dashboards

Increase efficiency and deliver success now with Microsoft Power BI. Enjoy a 20% discount on all Power BI services.

Real-Time Collaboration

Power BI offers real-time collaboration features that allow teams to work together and make data-driven decisions in real-time. With Power BI, users can access and share real-time data dashboards, reports, and visualizations from anywhere, on any device. Power BI also provides robust collaboration tools, including comments, annotations, and co-authoring, which enable teams to discuss and make decisions based on the latest data insights.  

Additionally, Power BI’s cloud-based architecture ensures that all team members have access to the most up-to-date data and insights. With its real-time collaboration capabilities, Power BI empowers organizations to make data-driven decisions faster and more effectively. 

Data Visualization with Power BI

Data Visualization with Power BI allows businesses to turn data into interactive and shareable insights. Power BI stands out from other tools by offering a comprehensive suite of data visualization, reporting, and business intelligence capabilities in one package. With Power BI, users can easily connect to a variety of data sources, perform data transformations, and create interactive dashboards and reports with a simple drag and drop interface. 

The tool also provides collaboration features such as shared dashboards and data stories, enabling teams to work together and make data-driven decisions. Power BI’s advanced data visualization options, such as its 3D map and custom visualizations, set it apart from other data visualization tools, providing a more immersive and engaging way to explore data. 

How Global Data 365 can help you?

Global Data 365 is a leading provider of Power BI services for effective business intelligence in the Middle East and Africa. Our team of experts help organizations streamline their data management, gain valuable insights and drive better business decisions. With a focus on delivering customized solutions or required trainings, our services are designed to meet the unique needs of each client and maximize the impact of Power BI on their overall success. 

Schedule a demo with our Power BI experts

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