Are successful businesses merely products of chance, or is there a guiding force behind their achievements? The answer lies in the power of decision-making in business operations. And the reporting software the company decides to use.
According to a study by HBR, data-driven decision-making can lead to a 6% increase in profits and a 5% increase in productivity. By harnessing the insights derived from logical analysis, businesses can unlock a multitude of benefits.
Jet Reports allows for performance optimisation, risk mitigation, and gaining a competitive edge. BPL Plasma, a global life sciences organisation collecting plasma, saw an 80% time savings after Jet Reports empowered their users to be self-sufficient.
How much does it cost a company when it makes a poor decision?
In business, the consequences of poor decision-making are far-reaching and impactful, both financially and operationally. Research from Garner reveals that everyday operational decisions, lacking financial rigour, can collectively cost organisations up to 3% of their profits or more.
This cost extends beyond the balance sheets, affecting employee morale, customer trust, and the overall reputation of the company. Recovering from such missteps can be a challenging journey, but implementing reliable reporting software, like Jet Reports, can help businesses avoid such pitfalls. By prioritising data-driven decision-making, organisations can steer clear of costly errors and safeguard their long-term success.
Advantages of Jet Reports in Decision-Making
A. Real-Time Data Insights
Unlock the potential of your business with Jet Reports, a cutting-edge solution providing real-time access to critical data for well-informed decision-making. In today's dynamic and competitive business environment, the value of up-to-date information cannot be overstated. Timely and accurate data empowers decision-makers to understand current trends, swiftly respond to market shifts, and identify emerging opportunities and risks.
With real-time access to essential metrics such as financial data and customer insights, businesses gain the upper hand in staying ahead of the competition. Jet Reports' ability to deliver timely information is a game-changer, ensuring long-term success and propelling businesses towards their goals.
B. Never Second-Guess a Report Again
Jet Reports offers a comprehensive solution with complete report management, automation, and a collaborative publishing platform. You and your team can now access the right information without any doubts. Instantly retrieve your reports from the web or through mobile devices, ensuring you make informed decisions confidently, regardless of your location.
C. Data Visualisation
Data visualisation plays a pivotal role in unravelling the complexities of information, and Jet Reports excels in harnessing this power through its use of charts, graphs, and visuals. In today's data-driven world, the ability to comprehend and communicate insights swiftly is invaluable.
A marketing manager could use Jet Reports to create a map that shows the geographic distribution of website traffic. This would allow the manager to see where their marketing efforts are most effective. Data visualisation can help us make better decisions by identifying patterns and trends that would be difficult to see in raw data.
D. Cut Reporting Time and Costs
With its user-friendly features, anyone in your team can create or modify reports without needing hard-coding or programming skills. This means you can say goodbye to waiting on consultants or resource-strapped IT departments to generate the reports you require. Jet Reports also offers unparalleled access to transaction-level details through Jet Custom data entities. This goes beyond the standard Dynamics entities, giving you a deeper understanding of your data. With Jet Reports, you gain control over your data and reporting processes. This makes informed decisions more accessible and efficient than ever before.
E. Shrink Planning Cycles and Simplify Processes
In the wake of the recent shift to remote working, the need for Financial planning and analysis teams to embrace specialized planning tools has become more critical than ever. Simplifying budget entry and approvals while reducing cycle times has become a top priority. Jet Report's faster and streamlined process allows for the creation of multiple budget versions and more frequent analysis of variances, ultimately leading to improved budget and forecast accuracy.
Your business needs Jet Reports
Are you a business owner or CFO seeking to revolutionise your data insights and decision-making processes? Don't miss out on the incredible opportunity to streamline your financial reporting with Jet Solutions. Request your personalised demo today from On Point.