Everest-FI: 'Business success today largely depends on the possession of the right information'

Business success today largely depends on the possession of right information. In the broader context, it is the knowledge at the right time and place.

Business processes generate more and more amounts of data in smaller and smaller time intervals. The data must be collected and processed so that it turns into a measurable and useful value: information.

The possession of information enables the search for new opportunities of business processes, and thus the ability to react quickly to changes and decision-making processes.

Business Intelligence (BI) tools such as the BI.onLINE e-tool by Everest-FI Limited can greatly strengthen organisational and technological information management in order to improve business processes.

This infrastructure is a set of tools for collection, cleaning, merging, analysing data, and then sharing the processed information with action recommendations (neural networks) in order to make quick and accurate management decisions.

The basic functionality of the BI.onLINE e-tool is to assist managers in their decisions by automating processes of broader economic analysis, using the e-tools to process real data via BI. The quality of data (substantive) and the rate of transmission of information is crucial for managers and ERP systems.

The main functionalities of Everest-FI's BI.onLINE e-tool include data analysis, based on an economic implemented model, combined with customer data presented in the current analysis.

Monitoring options from a regularly input system and data analysis also allow the customer to identify for themselves the key indicators, while the Economic Assistant's role - in the form of a neural network - is to provide guidelines for economic decision makers of companies on their state of economy.

BI visualizations of all major economic processes are visualized, which facilitates perceptions and takes its conclusions to make more more conscious decisions.

Finally, the e-tool is responsive, working in any environment, regardless of the type of device.

Production companies that do not have their own management accounting departments and internal financial controllers but are considering the possibility of introducing daily practice for tests and calculations in management process may benefit from the BI.onLINE e-tool.

Similarly, manufacturing firms that do have internal management accounting deparrtments and internal financial controllers, but would benefit from increasing or modifying the scope of their research and calulations, may find the e-tool's automated abilities of great assistance.

Management of a company in the current economic climate is a complex decision-making process. Some issues focus around current operations and the rest are of strategic nature and relate to the future.

Taking decisions in a period of dynamic changes, in external conditions, can be a risk for companies. To minimise the risks associated with decision-making processes a company should develop a system with rapid access to high-quality internal economic-financial information.

Access to such data is provided by BI.onLINE's software, which is dedicated to supporting current operating activities through active participation in a company's daily decision-making.

BI (Business Intelligence) such as BI.onLINE e-tool by Everest-FI Limited (Polish based company) is a concept of management (organisational and technological) that allows you to organise information in order to improve business processes. This infrastructure is a set of tools for collection, cleaning, merging, analysing data, and then processing it in order to make quick and accurate management decisions.

The basic functionality of BI.onLINE e-tool is assisting managers in their decisions by automating processes of broader economic analysis using e-tools to process real data via Business Intelligence. The quality of the data (substantive) and the rate of transmission of information is crucial for managers. ERP systems are, arguably, in this range inflexible. IT and controlling departments have different ways of exporting data from ERP systems and importing into spreadsheets for further processing.

Data quality and knowledge of a financial controller determine correctness of "pulled-out" conclusions. A missing element here is dedicated software for proper content analysis of on-line data that returns, clearly, the results of the current economic and financial analysis, production, on-line and compared to historical periods.

The above is a sponsored piece of editorial by Everest-FI , whose project is co-financed by the European Regional Development Fund.