Business Intelligence Tools- Paths for Business,
August 17, 2009 at 12:29 PM
Contrary to assumptions of many small and medium sized business owners, business intelligence is not a fancy word meant for boardrooms of large corporates - it is as important for smaller businesses as it is for larger. In fact, considering that smaller businesses have exposure in just one or two areas and much lesser financial resources at their disposal, optimizing performance based on business intelligence becomes all the more critical.
Increasingly, business analysis and financial benchmarking tools such as Fintel’s Business Scorecard and Industry Metrics are being used by industry leaders seeking to sustain and enhance profitability. By highlighting areas of operational and financial inefficiencies, and presenting industry benchmarking and best practices data, these financial intelligence tools are helping managers to control costs and thus, maintain or even enhance the gap between revenues and expenditures.
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