- Reduce labor costs (no more paying someone to input the data manually)
- Data you can trust for making strategic decisions
- Recover lost profits
Data Visualization Best Practices
It's been said that pictures are easier to remember than words. That's why they are so vital when communicating important information. Here are ten best practices to keep in mind when you're giving your next data visualization presentation:- Keep it specific to your audience. Don't go down any side tangents unrelated or not valuable to the topic, your customers, or your team.
- Choose the best charts and graphs for the message you are trying to convey. Ensure the chart or graph you use gives the information you are trying to share. If it seems confusing, find another chart or graph, so the message is clear.
- Keep it organized. Make sure there is a flow in how the data is shown. Don't bounce back and forth between topics.
- Provide context. How was the information collected? How does it back up the conclusion you are making?
- Use color. Black and white are boring. Color makes the information you are sharing more engaging. When presenting to clients, maybe even consider a color scheme similar to their own that they use in their logos.
- Share your "why." Why are you sharing this information with them? What do you hope they do with this information? Make sure you are clear in your expectations to ensure you see the desired results down the road.
- Make sure it's accessible to everyone. Is there someone you are presenting to who is color-blind or visually impaired in some other way? If so, it's worth the extra time to ensure the information you share is accessible to everyone.
- Keep it simple yet engaging. There's no need for a ton of fancy, moving graphics. Pullouts here and there can be nice, but don't try to turn your presentation into a graphics movie. Share the information cleanly and straightforwardly while keeping it engaging. The more on target it is to your customers or employees' needs, the more engaged they will be.
- Make sure everyone understands the data being presented. Make sure everyone is following and no one has questions. If something doesn't make sense to someone, it could help you learn how to make the information clearer in future presentations. Maybe it signals that you're not using the right charts or graphs. Learn from it.
- Use text sparing but intentionally. Don't fill the screen with words. The whole point is to rely on pictures to display the information. Only use the amount of text that you need. Let your charts and graphs convey the message.
Taking Your Data Visualization from Decent to Memorable
There are a couple of other small details that can significantly impact your data visualization displays. While these might seem like minor details, they can have a lasting effect on what your team or client remembers once the presentation is over.- Place the essential information on the page either at the top left corner or centered at the top. This is where people's eyes are drawn.
- Limit the number of charts on the screen. It's best to stick to no more than three. Otherwise, the data can feel overwhelming.
ERP Data Management
Your ERP data, no matter how complex, can be transformed into decision-ready information so you can make business decisions faster and with more confidence. You can utilize analytics and reporting platforms to easily access, transform, and provide a foundation for deep reporting. And it can easily integrate with various other software programs you use and analyze your ERP data (as well as CRM).How an ERP Can Monitor Your Business
If your business is collecting data from numerous departments within the company, your ERP is your best resource for truly understanding the health of your organization. Instead of running around trying to figure out where each department of your organization is struggling, you can look at the ERP system. It allows you to display the overall picture of your business in one dashboard. Financially, this tool can let you know where your business needs to be focusing more attention and where you’re wasting your time and resources. It is important to note that when using your ERP software, you want to ensure you have proper security measures. The last thing you want is a cybercriminal hacking into your system and using this valuable information against you. So, ensure any data you are collecting from external sources is checked before entering the system.ERP Example
Oracle has a great example of how a company can use ERP data to benefit their business. In their example, they look at a company that builds cars by procuring parts from multiple suppliers. This company can use its ERP system to track those purchases and ensure each component across the procure-to-pay process uses clean and uniform data connected to workflows, reporting, processes, and analytics. The data from the ERP system allows the company to run smoother, faster, and more cost-efficient by always knowing what is in process.How to Utilize ERP Analytics
With your ERP software, your business can collect and analyze data from internal activities. While collecting large amounts of data is great, a problem can arise when so much information is being collected. Without proper visualization software, your team can spend countless hours trying to pull data that is valuable. Plus, if you need these insights on a daily, weekly, or monthly basis, the money and time spent sifting through the information is not the best utilization of your resources. Investing in an analytics system to integrate with your ERP is vital to understanding your data. Analytics for your ERP takes the information received from various systems throughout your organization and streamlines it in real-time. It will compile all the information into a unified view allowing for easier collaboration throughout the entire business. You will no longer have to pull from multiple reports to paint a big picture; the picture is already framed for you and ready to go.Are You Utilizing Your ERP To Its Full Potential?
If you answered, I think so, or I don’t know, you most likely are not utilizing your ERP to its full potential. While your ERP is full of rich information, without visualization software like Power BI, it takes painstaking hours to gain the amazing insights that your ERP has to offer. If you want to talk specifics about how to get more out of your ERP, we encourage you to give us a call. Our team of hardworking, talented data junkies is dedicated to helping organizations turn their ERP (and CRM) data into decision-ready information. As a result, we help our clients gain the competitive advantage they need to make smarter business decisions, improve operational efficiencies, and increase profitability and overall revenue. Schedule A Call Today! [post_title] => ERP Data: Are You Using It or Just Collecting It? [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => enterprise-resource-planning [to_ping] => [pinged] => [post_modified] => 2022-10-24 10:24:48 [post_modified_gmt] => 2022-10-24 17:24:48 [post_content_filtered] => [post_parent] => 0 [guid] => https://preferredstrategies.com/?p=10258 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 10252 [post_author] => 10 [post_date] => 2022-10-12 07:23:19 [post_date_gmt] => 2022-10-12 14:23:19 [post_content] =>Silicon Valley-based software reporting, analytics, and business intelligence company now offers a four-week trial offering of its signature product to JD Edwards users
Soquel, CA - Preferred Strategies, a leader in data transformation, modern business intelligence, and data analytics innovation, today announced its industry unique four-week trial offering of QuickLaunch Test Drive is now available. QuickLaunch Test Drive is designed to help forward-thinking companies running JD Edwards (JDE) learn how to improve the way data can be accessed and analyzed throughout their organization. It also allows these companies to experience how modern business intelligence (BI) technologies like Microsoft Power BI can work best when implemented over their own JDE data.Microsoft Power BI is consistently recognized as the “go to” platform in the marketplace. In the latest Gartner Magic Quadrant for Analytics and Business Intelligence (BI) Platforms, Power BI was the clear leader once again and Microsoft has been in the Leaders quadrant for the past 14 years. During the past six years, Power BI has been adopted by more than 250,000 organizations including 97 percent of Fortune 500 companies. For companies that already leverage Power BI, but haven’t harnessed its full potential, or those that are interested in experiencing its benefits for the first time, the QuickLaunch Test Drive program is a great place to start.
“If you run JDE as your ERP and want to know how successfully implementing a Modern BI, Reporting, and Analytics technology like Power BI will change the way your company thinks about and operates around data, the QuickLaunch Test Drive is perfect for you,” said Adam Crigger, Founder and President, Preferred Strategies. “As many companies lack the awareness of how Power BI can improve operational efficiencies, team-member satisfaction, and increase profitability, we wanted to find a way for customers to experience this for themselves and the QuickLaunch Test Drive does just that. During the trial, we will transform your JDE General Ledger and/or Sales data into actionable information, identify patterns in your data instantaneously, and shorten report development times.”
QuickLaunch Test Drive program participants will have access for up to four weeks. Throughout the program, Preferred Strategies will provide hands-on education workshops and working sessions for your report authors around Sales and/or General Ledger, and provide a preview and introduction for executives. Those who take advantage of the QuickLaunch Test Drive over their live JD Edwards data will experience firsthand the positive impact and transformation the Preferred Strategies solution can have on their operations and organization.
After the completion of the QuickLaunch Test Drive program, for a limited time, 100 percent of the set up fee will be credited back to the customer upon receipt of a signed agreement within 30-days after the program.
To understand what the QuickLaunch Test Drive program can do for your organization:
- Visit https://preferredstrategies.com/trial/
- email info@preferredstrategies.com
- or call 1-888-232-7337
About Preferred Strategies
Preferred Strategies was founded in 2002 by experienced JD Edwards business users and IT professionals. While working at a large construction materials and contracting company, Preferred Strategies’ Founder & President, Adam Crigger, experienced firsthand the difficulty in extracting data from JD Edwards and translating that data into meaningful reports and analytics. Today, Preferred Strategies is helping hundreds of JD Edwards, Viewpoint Vista, and Salesforce customers realize the full potential of their ERP and CRM data through the innovative Preferred Strategies QuickLaunch product. Combining decades of business and technical experience working with JD Edwards, NetSuite, Viewpoint Vista, and Salesforce data and modern reporting tools such as Microsoft® Power BI, QuickLaunch delivers the framework every customer needs to succeed on their data driven journey. For more information, visit http://www.preferredstrategies.com. [post_title] => Preferred Strategies Invites JD Edwards Users to Take a QuickLaunch Test Drive [post_excerpt] => Silicon Valley-based software reporting, analytics, and business intelligence company expands and enhances its QuickLaunch product line to meet increasing marketplace demand. [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => quicklaunch-test-drive-for-jde-users [to_ping] => [pinged] => [post_modified] => 2022-11-04 09:50:42 [post_modified_gmt] => 2022-11-04 16:50:42 [post_content_filtered] => [post_parent] => 0 [guid] => https://preferredstrategies.com/bi-blog/20-year-growth-copy/ [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [4] => WP_Post Object ( [ID] => 10267 [post_author] => 10 [post_date] => 2022-10-06 06:00:05 [post_date_gmt] => 2022-10-06 13:00:05 [post_content] => How would you like to decrease the amount of money your organization spends? Or what about increasing productivity while having happy employees at the same time? It’s all possible if your organization is structured in a way that allows it to adapt to change. These days, most employees are experiencing burnout. Meanwhile, the power of technology to allow a business to grow is increasing every day. Unfortunately, this is causing an acceleration gap, meaning the difference between the pace of technology and the ability of companies to keep up is getting farther and farther apart. This is why it is so vital your organization adapts to change quickly.Adapting to Change
The COVID-19 pandemic is the most recent example of drastic change that happened nearly overnight. Those companies that were able to pivot made it through, but those that couldn’t, faltered. And let’s face it, most of us don’t like change. We resist it. But this is precisely why organizations need help, specifically when it comes to their data. Data is key. Organizations that utilize the data available are better equipped to adapt to change. To close the acceleration gap, businesses must make informed and strategic decisions. This will help them increase efficiency, cut labor costs, and gain valuable insights for future opportunities. Companies that can adapt to change are more profitable and more competitive. These are the companies that thrive. However, it’s not that simple. There are lots of software programs out there that can deliver data. What organizations really need is a program that can deliver the data and help the end-user interpret the data.Closing the Acceleration Gap
To close the digital acceleration gap and reap the rewards for your organization, you need to collect data and know how to interpret it. When correctly reading the data available to you, your organization will be able to:- Quickly pivot strategies (move from tactics that aren’t working to refocus on the ones that are)
- Reduce uncertainty, which will allow your employees to feel more confident in their work
- Evaluate performance (ROI)
- Operate in real-time
The Practice of Strategic Change
According to a recent Deloitte report, “Human nature makes it difficult to speed up the way individuals change. The way to create Organizational Acceleration is to fine-tune change at the organizational level.” The gist of the report is that change is always happening. That doesn’t just include change from the outside world, but internally. So how your organization deals with change will change too.Correctly Using Analytics
Data and analytics will allow you to see change happening in real-time. When you utilize the right tools, you can make more precise interpretations of the data you have. This can help you decrease the wasted time your employees spend going down one rabbit hole to the next. With proper analytics, your organization can better target the change it needs to close the acceleration gap. Then, as your company flexes its agility muscles, you’ll find it easier to pivot through all the changes life throws (such as a pandemic!).Change Starts at the Top
It may seem that the driving force for change and closing the acceleration gap begins with the employees; after all, they will likely be the ones reporting on what the data is telling them. However, for a company to truly adapt to change, it has to start with those at the top. Organizational leaders must be ready to take that data and run with it. They must accept that they will have to make changes quickly and help those working under them.How Preferred Strategies Can Help
If your company is ready to close the acceleration gap and adapt to change, Preferred Strategies can help. Our technology acceleration partners include Microsoft, Oracle, and Viewpoint, just to name a few. With our QuickLaunch Information Engine, we can interpret your ERP and CRM data, making your organization more efficient and profitable. Our “best in class” reporting and analytics tools help organizations realize the full value of their data within weeks. Start Adapting Today! [post_title] => The Acceleration Gap: Is Your Organization Adapting to Change [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => acceleration-gap [to_ping] => [pinged] => [post_modified] => 2022-11-04 09:03:48 [post_modified_gmt] => 2022-11-04 16:03:48 [post_content_filtered] => [post_parent] => 0 [guid] => https://preferredstrategies.com/?p=10267 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [5] => WP_Post Object ( [ID] => 10223 [post_author] => 10 [post_date] => 2022-08-31 06:00:14 [post_date_gmt] => 2022-08-31 13:00:14 [post_content] => Effective organizational decision-making is reacting to what's currently happening in your business utilizing data analytics. For clarity, data analytics refers to modifying raw data into a usable format. But, as any business leader can attest, having easily accessible, insightful data from disparate sources often seems like a pipe dream. James Bradshaw of Ernst & Young states, "To be truly successful, organizational leadership must agree that data is an asset worth investing in. From the boardroom to the C-suite, this focus on data and analytics driving decision making is crucial." So, how do you untangle your data into the meaningful information you need to make informed, strategic business decisions? The answer: with Power BI.Business Intelligence with Power BI
Power BI is Microsoft's unified, scalable platform for self-service and enterprise business intelligence. An AI-powered program, Power BI connects to your various systems, allowing you to model and visualize your information into actionable, data-driven decisions. In other words, your raw data is modified into a usable format that informs effective strategic actions. Most importantly, with Power BI's ease of use, employees at all levels can be empowered to utilize analytics in their reporting, planning, and decision-making processes.One Version of Truth is Critical - Data Validated Across All Sources
To have total confidence in your business decisions, you need data that is validated across all your platforms. Data validation helps to weed out the outliers caused by issues such as manual data entry errors, which can be as high as 4%. Even with a leading analytics tool like Power BI, validating data across multiple sources is essential to be successful. Paring Power BI with a governed data model drives analytic efficiencies throughout the enterprise. Drawing from one version of truth enables a leaner approach to analytics and improves the consistency of information shared throughout your organization.Compelling Visualizations Foster Actionable Insights
Brian Hopkins, VP, Principal Analyst at Forrester shared, "In this emerging world of too much data, what matters most is how you discover and implement digital insight in the fabric of your business." With machine learning, Power BI analyzes information and draws conclusions. This AI forecasting, coupled with the compelling data visualization Power BI provides, enables companies to identify trends and anticipate challenges. Having easily accessible actionable insights means your organization can spot opportunities for improvement and transformation that lead to increased efficiency, reduced labor costs, and greater profitability and competitiveness.Real-Time Solutions Require Actionable Data
Receiving a report on Thursday afternoon that you didn't make a crucial delivery that morning only allows for reactive damage control. If you cannot identify and resolve problems before they happen, there is no strategic decision-making, only strategic apologizing. Having all the information you need at your fingertips in near real-time enables your team to pivot intelligently. Data visualization illuminates potential issues allowing organizations to adapt to fast-changing market conditions, uncertainties, and disruptions.Data Transformation for Profitability and Competitiveness
We are in the decision-making business. If your organization is ready to invest in a true data transformation, our QuickLaunch Information Engine for Power BI will untangle all your data. Don't fall within the 70 to 80 percent of companies whose business intelligence initiatives fail. Preferred Strategies clients’ have a 96% success rate.
In today’s environment, business truly moves at the speed of light. Your access to your data needs to be as well in order to make actionable and timely decisions.
Let's Talk!
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[post_excerpt] => To be successful in today’s competitive landscape, organizations need to maximize profits and customer satisfaction to ensure the company’s annual goals are successfully achieved. Each department must quickly adapt to the day-to-day business challenges to run efficiently and stay ahead of the quickly shifting and impactful business environment. As a result, companies are transitioning from legacy reporting applications to a Modern Analytics and BI platform like Power BI. Although Power BI is a user-friendly technology, companies often struggle to apply it to complex data sources like JD Edwards.
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[post_excerpt] => There’s a goldmine of data inside your ERP and CRM systems. But do you have the right tools to transform this into decision-ready information?
Experience firsthand how to use modern BI tools to drive decision-making. Led by Preferred Strategies BI solutions consultant Michelle Werkmeister, you'll be expertly guided through a series of hands-on exercises and learn how to create your own reports for common business scenarios.
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[post_excerpt] => In this Education Session, you will learn how to dig deep into your JD Edwards data and gain a clear understanding of how to stay ahead of your quickly shifting and impactful business environment.
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[post_content] => If you’re already making business decisions based on the data and analytics you’re collecting, that’s great. But how trustworthy is that information? Ask yourself, how was that data collected in the first place?
If the data was put in manually by your employees, you have to admit there could be some level of human error. All it takes is one typo, and your data no longer serves you. Mistakes do happen, even with the best employees.
These mistakes can be costly to your business. Depending on your business, these mistakes could be disastrous.
Power BI is the tool companies use to ensure a human error is not skewing data. This one tool can validate data across multiple sources. And when you couple it with a governed data model, it will drive up your analytic efficiencies across your business.
You can automatically upload information from a huge list of sources into one database using Power BI. Once there, your employees can easily access the data they need to do their jobs.
So, if there were one tool you could use that would make your business more innovative and more successful, wouldn’t you invest in it? All it takes is connecting Power BI with the Microsoft, Oracle, Salesforce, or Viewpoint technologies that you are already using to collect data.
Fully Trust Your Data with Power BI
Best explained by Microsoft, “Power BI is a collection of software services, apps, and connectors that work together to help you create, share, and consume business insights in the way that serves you and your business most effectively.” And one of its key benefits is its ability to deliver data you can trust without human error. According to one report, lousy data costs U.S. businesses $600 billion a year. This same article cites another source that says analysts spend 40% of their time on the job vetting data and fixing incorrect data. Between paying the person to manually input the data and paying someone else to vet it and correct it, that’s a lot of time and money. When you have a person manually entering the data, there are numerous ways they can incorrectly enter that data. Sometimes, it’s ambiguity. For example, you want the data entered as a day, month, or year, and for some reason, they enter it as a month, day, or year. Or maybe the problem is the data is poorly organized, which makes it hard to interpret. Or, there are inconsistencies because teams enter the information differently or someone keeps changing their mind about how the data should be documented. All of these things are significant issues when manually entering data. But these are not issues when using Power BI to upload and sort your data. For all the data you have already manually input, say in an Excel spreadsheet, it can then be connected to Power BI. Power BI connects to the data source and visually displays it for you in a way that lets you quickly see what’s important to you. For most businesses, though, the fact that Power BI can eliminate human error by uploading data directly from the source itself is enough of a win. It’s software that gives business owners peace of mind. And when you’re running a business, peace of mind is everything. Power BI gives you the return on your investment you need, so you can keep investing in others you need, such as growing your business.Help Your Bottom Line By Eliminating Data Entry Error
Power BI helps your bottom line because there is less time spent working on data, and the data is more reliable. Here are the biggest takeaways on how using Power BI to eliminate human error can help your business:- Reduce labor costs (no more paying someone to input the data manually)
- Data you can trust for making strategic decisions
- Recover lost profits
Data Trust: Eliminating Human Error with Power BI
November 17, 2022
If you’re already making business decisions based on the data and analytics you’re collecting, that’s great. But how trustworthy is that information? Ask yourself, how was that data collected in the first place? If the data was put in manually by your employees, you have to admit there could be some level of human error. All it takes is one typo, and your data no longer serves you. Mistakes do happen, even with the best employees. These mistakes can be costly to your business. Depending on your business, these mistakes could be disastrous. Power BI is the tool companies use
10 Best Practices on Data Visualization
November 03, 2022
Is anyone even listening to you? When you’re talking to your team, do you have their attention, or are they working on other things or staring at their phone? Maybe they’re already ahead of you, reading the screen and mentally on to other points before you even get there. 65% of the population are visual learners, but we are still presenting data in numbers and rows. This is where data visualization comes in. Think charts, graphs, or even infographics. It’s a way for teams to see patterns in data quickly. These tools can help you tell your customer’s stories, understand
Blog
ERP Data: Are You Using It or Just Collecting It?
October 20, 2022
Many companies never touch the majority of the data they collect because it’s locked up deep in their Enterprise Resource Planning Data (ERP). ERP is software your organization can use to manage its day-to-day business activities. These activities include accounting, project management, compliance, procurement, risk management, and supply chain operations. Your ERP can track activities that naturally occur in your business. This software can coordinate the flow between all these activities with the data it collects, often in real-time. Most companies’ ERP collects information that can increase productivity, cut costs, and identify bottlenecks, and they are not utilizing it. Join
In the News
Preferred Strategies Invites JD Edwards Users to Take a QuickLaunch Test Drive
October 12, 2022
Silicon Valley-based software reporting, analytics, and business intelligence company expands and enhances its QuickLaunch product line to meet increasing marketplace demand.
Blog
The Acceleration Gap: Is Your Organization Adapting to Change
October 06, 2022
How would you like to decrease the amount of money your organization spends? Or what about increasing productivity while having happy employees at the same time? It’s all possible if your organization is structured in a way that allows it to adapt to change. These days, most employees are experiencing burnout. Meanwhile, the power of technology to allow a business to grow is increasing every day. Unfortunately, this is causing an acceleration gap, meaning the difference between the pace of technology and the ability of companies to keep up is getting farther and farther apart. This is why it is
Blog
Organizational Decision-Making: Untangling Your Data with Power BI
August 31, 2022
Effective organizational decision-making is reacting to what’s currently happening in your business utilizing data analytics. For clarity, data analytics refers to modifying raw data into a usable format. But, as any business leader can attest, having easily accessible, insightful data from disparate sources often seems like a pipe dream. James Bradshaw of Ernst & Young states, “To be truly successful, organizational leadership must agree that data is an asset worth investing in. From the boardroom to the C-suite, this focus on data and analytics driving decision making is crucial.” So, how do you untangle your data into the meaningful information
Educational Session
Modern Transformation and Analytics Strategies with Power BI for JD Edwards
To be successful in today’s competitive landscape, organizations need to maximize profits and customer satisfaction to ensure the company’s annual goals are successfully achieved. Each department must quickly adapt to the day-to-day business challenges to run efficiently and stay ahead of the quickly shifting and impactful business environment. As a result, companies are transitioning from legacy reporting applications to a Modern Analytics and BI platform like Power BI. Although Power BI is a user-friendly technology, companies often struggle to apply it to complex data sources like JD Edwards.
Educational Session
How to Build Interactive Reports with QuickLaunch and Power BI
There’s a goldmine of data inside your ERP and CRM systems. But do you have the right tools to transform this into decision-ready information?
Experience firsthand how to use modern BI tools to drive decision-making. Led by Preferred Strategies BI solutions consultant Michelle Werkmeister, you’ll be expertly guided through a series of hands-on exercises and learn how to create your own reports for common business scenarios.
Educational Session
Learn How Power BI Resolves Daily Production Challenges
In this Education Session, you will learn how to dig deep into your JD Edwards data and gain a clear understanding of how to stay ahead of your quickly shifting and impactful business environment.
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