How Does Business Intelligence (bi) Complement Your Enterprise Resource Planning (erp)

By Author: Bappaditta Jana
Total Articles: 87
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Enterprise Resource Planning (ERP) systems help organizations stay efficient and thrive in the dynamic marketplace. However, traditional ERP systems have become insufficient in extracting the full potential from the massive data volumes in organizations today.

That’s why business intelligence (BI) is beneficial for organizations. Integrating BI with ERP can benefit organizations in various ways. BI provides a holistic approach to managing large data clusters within departments. BI works with enterprise systems to derive insights from data and make informed decisions.

Let’s look at how BI boosts ERP functionality and benefits your organization.

Key Benefits of BI Integration with ERP

Utilization of legacy data:

Legacy data are pivotal for any organization. However, extracting meaningful insights and value from previous systems can be challenging. Business intelligence tools make it easy, quick, and efficient.

Data aggregation:

ERP systems act as a centralized data repository by aggregating massive magnitudes of raw data sets ...
... from various departments within the organization. BI integration with ERP can directly derive valuable insights from these data.

Deeper, actionable insights:

ERP systems consolidate data from various enterprise operations. Business intelligence tools analyze these data to derive powerful business insights.

Predictive analytics:

BI boosts ERP functionality by forecasting future trends, market demands, and potential risks. ERP and BI complement each other by tapping into historical ERP data and gaining performance insights using BI dashboards.

Improved data visibility:

Implementing BI in enterprise systems gives a holistic view of an organization’s ERP data. BI solutions for ERP can identify sales patterns, customer buying behavior, trends, market opportunities, and anomalies and provide a better view of the organization’s performance metrics.

Real-time reporting:

Business intelligence can create automated custom reports by pulling real-time data from the ERP system. These reports provide a 360-degree holistic view of the organization’s financial and operational performance.

Data-driven decisions:

Organizations combine business intelligence in ERP solutions to harness the power of data analytics to gain actionable real-time insights and make well-informed decisions about sales, services, inventory, operations, and finances.

Bottom Line

With the rapidly changing dynamic business landscape, enterprise resource planning and business intelligence software will continue to evolve. Globalization and rising competition will make these two technologies more complementary and intertwined. Organizations already started harnessing the BI benefits for ERP systems and stay ahead of the competition with data-driven decisions and a comprehensive oversight of the organization’s past and future performance.

Bappaditta Jana is a blogger who loves to spend his free time engaging in sports or gardening. Based in Kolkata, he is currently working with EasyReports an IT firm that has developed a BI reporting tool that can easily integrate with Tally ERP and many other applications.