xTuple Blog

How to Get the Most Out of Analytics

Written by Greg Hirtzel | Oct 16, 2024 5:54:31 PM

How to Get the Most Out of xTuple Analytics

Recently launched xTuple Analytics provides valuable insights, visual data reports, and easy access to data models that can help businesses make smarter decisions. This new analytics tool easily integrates with xTuple ERP so that users can gather and view relevant data that provides actionable insights to improve operational efficiency, drive performance goals, and identify process improvements. 

When utilizing analytics to make smarter business decisions, having the benefit of simple reports, strong visualization, and automatic updates makes the process easier so that business owners and end users alike can gain insights from the data without having to go through tedious or manual processes to gather the necessary information. With xTuple Analytics, everything from sales data, operations, inventory management, accounting and finance, and production processes are tracked through your ERP system and run through analytics, making it easier than ever to see business data and reports in one place.

Addressing Key Problems and Pain Points for Manufacturers

xTuple Analytics adds value for users by addressing key pain points in reporting, visualization, productivity, and performance across all areas of a business. By providing users with the tools needed to evaluate trends and better forecast decision making, xTuple Analytics bridges the gap and gives customers an additional tool for effective business operations.

Real-time decision making impacted by a lack of up-to-date information. Decision makers often had to rely on outdated or historical data that didn’t necessarily contain the most up-to-date or dynamic information from the system. With Analytics, a robust offering of standardized reports addresses these needs and provides customers with insights in close to real-time, allowing for more effective decision making.

Scalability and performance issues lead to bottlenecks in data processing and reporting. As an organization grows, the manual tasks and reports that once were fairly straightforward become increasingly tedious and error prone, leading to inefficiencies and discrepancies that have to be addressed and re-evaluated. Analytics addresses this problem by ensuring that all data from your ERP and even 3rd party data is securely stored, organized, and readily available for use.

Lack of customization and flexibility undercuts users’ abilities to meet unique business needs. When it comes to reporting across industries and even departments, the unique needs and data points can become a sticking point when trying to customize and build reports that can provide valuable insights across an organization. By utilizing Analytics, users are given a series of standard reports that meet functional needs across business departments, and self-service functionality allows design users to customize, modify, and create reports for better flexibility within the organization.

In a digital world, many businesses are relying on data storage and advanced technologies to provide valuable insights to help make more informed business decisions. By removing manual processes, streamlining and standardizing reporting functionality, and integrating data from all areas of a business, companies can strategize more effectively and identify process improvements in real-time. This shift towards more robust reporting and analytics functionality gives businesses a competitive edge when it comes to actionable insights and decision-making and aims to alleviate concerns and time constraints from spreadsheets and outdated reporting options.

With xTuple Analytics, users can seamlessly integrate their business financials, production data, sales numbers and forecasts, inventory counts, and operations processes all into one dashboard for easier access to reports and insights.

Start making more informed decisions and gain valuable insights from your data with just a few clicks. Talk to a representative about xTuple ERP and xTuple Analytics as an add-on for your business.

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