There are a myriad of digital tools to help you come up with more informed and strategic business decisions, but can the limitations of business intelligence (BI) tools affect your firm at different circumstances? 

In the past five years, accounting data analytics has been a subject of much interest among finance and accounting professionals. Technologies that help us perform business analytics in finance have been widely applied in firms and businesses, offering us unprecedented developments in data analysis accounting and mining.

NO ONE IS SAFE. That is one of the most important lessons we’ve learned in our cyber world these past few months. Every day, hackers and cyber criminals are stepping up their game to get past the cyber security measures of even the most protected systems around the world.

A business intelligence platform is a set of tools that enable users to create applications for people or organisations to better learn from and understand their businesses. This could range from a simple counter to tell which products are selling better to more complicated endeavours such as predicting your company’s future financial status.

If your business is barely making ends meet, you just might be heading straight for trouble. As savvy and seasoned business owners would agree, an irregular cashflow is a surefire sign of an unhealthy business performance. And in the stiff competition that we have in the industry today, that is not a good thing. Luckily, there are many ways to gear your SME to a more solid ground - utilising business intelligence solutions is one of them.  Here are some of the ways by which you can optimise the use of BI tools to leverage cashflow management: 

Businesses in different parts of the world are learning to leverage big data to push their business to a more advanced phase. And with good reason. Critical business data integrated and visualized by business intelligence tools revolutionize the way business decisions are made. Business owners, CFOs, managers, and teams are empowered to improve the different aspects of their organizations in a simple yet collaborative way. With this in-the-know, why wouldn’t you take extra measures to make sure that you are using business intelligence tools to the fullest? Here are some practical ways to help you do just that: