Primer
Business insights is precious, as the decision made on them can take you far. The real-time, fact-based information churned out of transactional data can help you gain a competitive edge in your industry. So, if the C-level executives in your organization are churning out better decisions, it is only because they have superior business intelligence software. Raw data concerning sales, customer behavior, inventory, supply chain, and others remains unutilized in the operational system of the enterprise. BI solutions like WovVBI extract information out of such data and transform it into clear insights through data visualization to make tactical and strategic decisions so that executives can achieve their near-term and long-term goals.
Making Sales decisions
This BI reporting software helps discover sales trends according to the customers’ choices, how they react to promotions, their experiences while shopping, their buying habits, and other trends that affect sales. The cloud business intelligence solution gives deep insights into customer buying habits to help make better decisions and convert missed sales opportunities. It offers off-the-peg sales trends reports; its records can be drilled down to find out which product sells more and which product is most suitable for up-selling. The BI visualization software can clearly single out the most valuable and least valuable customers so that sales managers can make the best selling strategies.
Making Marketing decisions
Better strategic marketing decisions can be made only if you know your brand’s position and your client’s position. For that, you will have to let go of traditional methods of measuring success. Use WovVBI, the cloud BI Software, to figure out what brand users experience, how that experience changes, and the relationship between the users’ experience and the purchase. This information will help you prioritize campaigns, fine-tune promotions, wield social media handles to optimize marketing efforts, and do business forecasting.
Inventory Management decisions
The clever inventory management decisions also stem from better customer understanding and business intelligence basics. WovVBI gives you the necessary insights so that you can completely weigh your customers, which include their purchasing patterns, sales transactions, and delivery times. All these key performance indicators (KPIs) are important to meet customer demand and play up the importance of understanding customer buying habits for inventory management. This software curtails manual work, automates many tasks, and provides actionable insights, leading to efficiency in the process and better inventory decisions.
Making strategic decisions A report is only as effective as it accurately captures transactional data. With WovVBI (Data analytics software) integrating seamlessly into POS, it captures accurate data that leads to precise reports. By shedding light on historical and current data, the software predicts future scenarios, which help in strategic decision-making. You get to see upcoming trends and expected demands through explosive, interactive reports that help with strategic decision-making.
