ERP and BI systems are not just fads. They are fundamental tools for companies that want to manage business processes and use data to drive business success. Business Intelligence (BI) plays a crucial role in identifying business problems and opportunities, while ERP gathers, analyzes and shares information from different areas of a company, such as finance, human resources and accounting, centralizing it in a single base of data. Therefore, the integration between ERP and BI had to evolve to ensure the transfer of information in real time and facilitate advanced data analysis and visualization. In this way, BI provides detailed insights to make decisions more intelligent and optimize various processes. Ou seja, quando combinadas, estas tecnologias proporcionam maior agilidade aos processos e ajudam as lideranças a conduzir negócios mais bem-sucedidos. O que é ERP? ERP is a solution that allows companies to automate business processes and store information in a central hub. Based on a centralized database, the system collects information from various departments and allows this data to be accessible, analyzed and shared, so that users can carry out more efficient planning and analyzes that generate insights to improve processes. In short, ERP optimizes and automates essential operational processes. What is Business Intelligence (BI)? The BI solution provides users with a comprehensive view of operations and also helps generate dashboards and reports that offer a detailed and transparent view of the business based on available information. Additionally, it offers predictive and prescriptive analytics capabilities, machine learning and, like ERP, cloud-based solutions. This way, users can perform analysis and identify trends and patterns that help companies improve their operations. Differences between ERP and BI Despite having overlapping features in some cases, the technologies have significant differences. ERP is a business management solution that covers multiple processes such as inventory management, finance, and supply chain. By keeping data centralized, you break down information silos and help your company become more efficient and productive. BI, in turn, uses company information and allows this data to be organized, analyzed and contextualized to generate actionable insights. The role of BI in an ERP system BI is becoming increasingly important for ERP systems. With the amount of data processed today growing rapidly, it is essential to have a tool that helps process and make sense of the data captured, such as information about sales, inventory, production, customer orders, financial transactions, among others. When using BI tools, raw data analysis is facilitated, helping organizations understand what is happening in the business and making resource allocation and optimization of operations and processes more efficient. Furthermore, companies can use both tools to have access to a complete view of the business, with ERP and BI typically accessing and visualizing updated data in real time. Benefits of BI in ERP As mentioned earlier, BI integrated with ERP helps companies make better decisions by providing contextualized and timely information and identifying trends and patterns that are not easily detectable in manual data analysis. But there are also other relevant benefits:
Integration between ERP and BI ERP and BI systems contribute to business in different ways. ERP pulls data from different parts of the business and shares this information with users so they can analyze it. BI also helps with understanding data, but allows you to create forms of visualization that make this information easier to understand. The integration of the two tools optimizes resource utilization, improving reporting, making analysis more efficient and providing improved visibility into company activities, as well as providing a complete view of how resources are used and how decisions impact user performance . With this, future-oriented companies can identify trends and patterns, anticipate market changes and proactively adjust their strategies to gain a relevant competitive advantage. Blend Euro can help on this journey. Discover our IT consultancy services and discover how to transform your commercial strategy.