How much do you really know about your business? If you were asked to identify three ways in which you could increase cash flow for your company, would you have trouble knowing where to start? Or would you be able to rattle off five to ten options, rather than merely three?
SAP BusinessObjects Edge BI is more than just a business intelligence platform. With SAP BusinessObjects Edge BI, you will be able to focus your attention on the company’s financials, to access and dig into sales figures, to evaluate supplier relationships, and to identify potentially wasteful spending.
In addition, SAP BusinessObjects Edge BI will enable you to perform ad hoc analysis of data based on situations that you’ve considered exploring. As a result, when you are looking at company budgets, you will be able to:
- See the full impact of the choice to work with an additional supplier or to change the ways in which you order products.
- Look at accounts payable and the terms for each so that you can identify the benefits of paying invoices earlier or renegotiating terms with the account holders.
- Evaluate your marketing costs and explore the impact of placing ads in different print publications.
- Monitor the production process to see whether or not there are opportunities to reduce costs.
By using SAP BusinessObjects Edge BI while preparing your company’s budget, you will be able to see where your money is going, whether it is being spent wisely, and which improvements you could make that would improve your bottom line. Evaluating your company and making plans when you have a sense of the outcome of each decision will give you the confidence you need – and ensure that your company has cash on hand when it is needed.