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Get everything you need to make an informed, impartial software selection in TEC's evaluation centers. From research to vendor data, reports and templates, and access to the TEC Advisor software selection system.
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Business Intelligence and Data Management
Here, you'll find links to the information and resources you need to make an informed Business Intelligence (BI) software selection
The terms business intelligence (BI) and business performance management (BPM) are heard time and again, but what do they really mean for businesses?
Getting back to basics, both terms refer to the concept of using technology to
Identify sales trends to develop sales strategies and to manage future sale
Manage employee performance
Identify quality issues on the shop floor
Optimize business processes through the use of technology
Forecast, budget, and plan within a process-centric environment
Allow C-level executives the ability to monitor the organization's performance regularly and centrally throughout the day
The common theme within these technologies is that organizations use them to optimize their performance and stay competitive within the market. Business performance management should not be confused with business process management, also known as BPM.
Don't know where to start?
We can help you identify the right type of software to evaluate.
Business Performance Management
Business Intelligence (BI)
Benefits of Using Software Solutions for Business Intelligence (BI)
Sales and marketing
The sales department can use BI to identify sales trends over time.
Forecasts can be developed to plan and to identify sales metrics for the future.
Sales managers can monitor and manage team performance
Operations
BI can be used to help maintain quality control within the organization.
Line of business (LOB) managers can use regular updates of product status to identify quality status.
Finance and accounting
Finance and accounting teams use performance management tools to collaborate with one another, get approval from other departments, or simply follow a set of procedures to close month-end or create budgets.
Human resources (HR)
Metrics can be set to determine performance goals and measure how employees are performing
HR can determine if there are trends based on misuse of medical benefits, sick days taken, and whether incentive programs are having the desired effects.
Business Drivers
By setting metrics to monitor performance, and identifying how organizations stack up against their competitors in the marketplace, organizations can capture timely information to help drive organizational performance.
Whether using BI or BPM, organizations can manage, maintain, and drive decision making and measure the identified metrics against how the organization is actually performing.
Why use this evaluation center?Business Intelligence (BI) Evaluation Center?
Compare which products support the right mix of reporting, analytics, business performance management, data warehousing, and workflow requirements for your company.
Evaluate predictive analytics and forecasting support for your industry.
Shortlist vendors based on appropriate data integration capabilities and technical fit.
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Get Help from Our Selection Services Team
TEC's Software Selection Services team can guide your company through the selection process with services ranging from self-service project portals to hands-on involvement in your selection projects.
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