Sources of spreadsheets and calculators for accounting.www.business.com/software/accounting-spreadsheets-and-calculators/
Business directory to call accounting software.www.business.com/software/call-accounting-software/
Offering industry database software.www.business.com/software/accounting-database-software/
Business directory of software for accounting and accounting software system providers. Quickly find small business accounting software for your financial management and bookkeeping needs.www.business.com/software/accounting-software/
Vendors of accounts payable software and bill management solutions. Research accounts payable system providers offering small business accounts payable programs. Find account payable software to manage invoices and outgoing payments.www.business.com/software/accounts-payable-software/
Providers of accounts receivable software for managing payments. Review A/R software vendors offering accounts receivable software applications for small to mid-sized businesses. Identify accounts receivable programs that suit your business needs.www.business.com/software/accounts-receivable-software/
Software for activity-based costing and management (ABCM).www.business.com/software/activity-based-costing-management-software/
Programs for managing bank reconciliation.www.business.com/software/bank-reconciliation-software/
Lists vendors offering billing database resources.www.business.com/software/billing-database/
Offering billing database software.www.business.com/software/billing-database-software/
Accounting departments work very hard to ensure the financial security and stability of a business; however, in order to do so, these individuals and departments need functional and effective accounting spreadsheets and calculators. Still, businesses have a bottom line, and the pricing and costs of accounting spreadsheets and calculators are something they need to consider. Read More »
For a business of any size where documentation is a key part of daily operations, accounting spreadsheets and calculators are indispensable. Businesses can use these kinds of tools to provide estimates on projected tax debts, correct payroll withholding and so much more. Read More »
Data analytics is the process of studying, evaluating and converting data into useful information. Data analytics covers a broad field, and allows raw statistical data to be analyzed to provide a solution to a problem, or evidence for a statement. Capable of providing valuable, organized information, data analytics have found many applications in various companies and industries.
How to Use Data Analytics
Many companies, large and small, have integrated the process data analysis into their business practices. To determine whether data analytics should be used, companies should pursue the following steps:
Where to use Data Analytics?
Many companies blindly decide to implement data analytics solutions without researching the benefits and proper protocol. However, data analytics is a broad practice that can be specialized to the problem or field of interest. Some companies choose use analyzed data to boost their relationship with customers, to aid the sales department or to manage inventory and suppliers. Based on the company’s needs, data analytics solutions should be customized and tailored to the problem. The Cooperative Association for Internet Data Analysis can help companies research the benefits and tools of data analytics.
Which Solution to Use?
Data analytics can be obtained through a number of sources. There are many data analytics software available in the market offered in free, paid, and open source versions. When choosing a data analytics software, consider the complexity of the program, the cost, and whether regular updates are available before making a purchase.
If a company does not want to implement software, they can choose to hire contractors or third party firms to handle their data analytics tasks. The benefit of using a third party analytics firm is that your employees are not required to learn new, complicated software. Employees receive processed, translated data and are free to concentrate on their own responsibilities. However, issues of security can arise, as companies may not be willing to release private, sensitive data.
Uses of data analytics
Almost every department of a company can benefit from using data analytics. Here are examples of how data analytics can be integrated into the company:
Data analytics is critical for marketing departments, enabling them with knowledge to run effectively and market successfully to customers. Some of the benefits that data analysis can provide are detailed information on target audience, product exposure and profitability. In addition, data analysis gives marketing departments the information needed to run successful promotions and campaigns in the future.
When given raw data on customer buying patterns or behavior, the sales department may have trouble deciphering and identifying useful information. However, the use of analyzed data provided by customer relations management and business management tools can allow Sales to operate efficiently and effectively. From data analytics, the sales department is able to closely track and determine which leads are best to follow.
3. Customer Service
One of the major hurdles of customer service representatives is the question of how to effectively address customer problems. Through data analytics, representatives are given valuable information regarding how to handle customers and provide quality service. Data analytics can provide records of customer response behavior and patterns of product analysis, giving departments the information needed to better serve customers.