Business Intelligence helps extract knowledge from a large volume of data and allows factual management decisions. Scenarios of business intelligence application include:

• Identification of the unprofitable and profitable activities
• Sales planning, evaluation of the plan performance in real-time
• Budget planning, cash flow analysis
• Competition analysis, market research
• Efficiency index management

Business Intelligence systems allow combining the data accumulated by the company in various systems and turning them into useful knowledge for making effective decisions for business.

• identification of profitable and unprofitable lines of business;
• sales planning, real-time plan implementation appraisal;
• budgeting, cash flow analysis;
• competition analysis, marketing researches;
• production planning, in-line control of deliveries, warehouse stocks.

Noventiq company offers introduction of BI-systems on platforms from the world's leading manufacturers.

Business Intelligence (BI) systems solve problems of

Top Manager

• Identification of profitable and unprofitable business areas of the company, based on analysis of a large amount of internal and external information.
• On-line strategic and tactical decision-making based on ongoing monitoring of current business.
• Timely identification of potential problems in the company's activities.
• Evaluation of resources utilization, including that by subsidiaries.

Sales

• Sales planning, real-time plan implementation appraisal.
• Analysis of sales managers’ activity, calculation of bonuses.
• Analysis of sales in various areas, sales dynamics monitoring.
• Identification of growth points depending on seasonal, temporal and other factors.

Financial Accounting

• Budget planning.
• Cash flows analysis.
• Analysis of creditors' repayment discipline history.
• Consolidation of financial statements.

Marketing

• Analysis of competition, driving forces in the industry, various segments of the market.
• Marketing researches, identification of potential buyers for new products and services, forecasting the volume of supply and demand.
• Marketing campaign effectiveness analysis
• Identification of the most effective tools for promoting goods.

Production and logistics

• Formation of an optimal production plan.
• In-line control of product deliveries, delivery routes analysis.
• Analysis of inventory management, warehouse balances control.
• Monitoring and control of timely shipment of goods, identification of "bottlenecks", goods delivery terms monitoring, analysis of suppliers.