Top success factors for reliable figures
Part 1 of the series "Success factors for reliable figures"
These measures will help you to make intelligent business decisions
Up-to-date and qualified data and information are the key to running a successful business. We will show you what is needed to map your business data in such a way that you can make fact-based decisions and thus position your business even better.
Obtaining information is important - having an overview is even more important
Put yourself in the following situation: You have worked successfully for many years in a healthy, growing medium-sized company. Necessary decisions that either work in favour of or against the success of the business are often made on instinct. You know the company, your tasks and your area like nobody else, but you don't know everything. You mainly use jour fixe meetings for the exchange of information, in which the most important information is regularly exchanged and reported.
In addition to these meetings, you have a lot of information - figures, data, facts - from various sources and feel well informed. Nevertheless, processes that you initiate do not always bring the desired success. You may be familiar with the situation where you draw some figures from your CRM system and other information from your ERP system as a basis for some planning or strategic decisions. In addition, there is also an Excel list, reports written in PowerPoint and meeting minutes as PDF files. You can obtain further information directly by asking employees according to their availability.
Bringing order to the chaos of numbers
If this or a similar situation sounds familiar to you, you will know that this information feels confusing. What's more, the full extent of the information is neither collected in a system nor is it recorded at all - very often this valuable information for intelligent decisions is also stored in the heads of your employees. You would prefer to have all the figures at a glance in order to bring order to the chaos of numbers. Perhaps you also know that the digitalisation of some processes would provide more clarity - but you see this as too extensive a project that you don't want to invest in just yet.
Speed up processes, increase data quality
When making this assessment, however, you should be aware that your return on investment for such a project investment would not only benefit you financially, but also organisationally and, above all, in terms of time. By taking an objective look at your data, you can recognise how important high data quality is for forecasting and decision-making - and where in your company you need to make improvements. Once the quality of your data has been optimised by eliminating duplicates, comparing data sets and identifying your KPIs, reliable figures are literally pre-programmed. In combination with customised processes in data processing, faster processes open up - tedious data collection and intensive preparation times are replaced with intelligent systems and a few mouse clicks. Clarity takes the place of worrying about which activities will have the most positive impact on your business and your job.
The first step is the most important measure of all
"The beginning is half of the whole" said Aristotle - and he was right. The importance of the initial decision is the starting signal; in comparison, the well-dosed activities are the steps towards the desired goal. And best of all: step by step, these measures can pave the way to better decisions. Do you think you need to refine your processes first? Data optimisation prepares you perfectly for data analysis. Do you already have sufficient data? Perfect - the actual analysis can begin!
Organisational measures + digitalisation = reliable figures
Reliable figures are the basis for you to make sound and confident business decisions.
For us as digitalisation consultants with many years of experience, solution requests such as those for meaningful figures, high data quality, business intelligence, process optimisation and all related aspects are our daily business. We love to use tools and systems to create structure, clarity and an overview that produce well-founded analyses and enable intelligent decisions.
Our conclusion
In today's digital world, accurate data and efficient processing are crucial to a company's success.
It's best to start transforming your data into reliable figures right away!
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