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Phocas rated one of the most valuable business tools of 2020

Phocas data analytics is excited to be recognized as one of the most valuable business tools of 2020 by GetApp, a Gartner digital markets review website. The role of technology and ongoing digitalization remains critical to business success in 2021 as companies rely more on online orders and accurate data to gauge performance. The GetApp report identified 16 products…

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How can wholesale food businesses increase sales?

The wholesale food industry is faced with many new challenges as a result of the pandemic, most notably a decline in demand for goods as hotels, restaurants, schools and sporting venues operate at a lower capacity. As countries continue to battle the virus, consumer spending on food has not returned to prior-year levels as restaurants open, then close and partially…

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Established BI solutions vs. in-house development

Management teams are no longer questioning whether or not to dig into the data; rather it’s which is the best tool to use for their businesses: an established, dedicated data analytics solution or software developed in-house? IT managers usually lead the project to find the best solution for the ERP and tech stack. As everyone is being asked to…

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How do businesses make decisions with BI?

By utilizing a fact-based, real-time, singular version of the truth, business people are empowered to achieve and maintain a competitive edge through the use of industry specific business intelligence. Executives, CFOs, branch managers and your sales team have immediate access to crucial information to make fast and educated decisions. … knowledge management

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Three ways venture capitalists use data analytics

The art of venture capitalism (VC) is being transformed by the science of data analytics. Many startup investors are adopting data-driven decision-making to guide their lead sourcing and investments. The broad availability of data can help venture capitalists answer three crucial questions: Where are the best companies? Whether to invest? What KPIs should be set for the new company?…

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What is distributor analytics software?

Wholesale distributors have access to more data than almost any other business. As retailers demand more responsiveness and manufacturers look for ongoing efficiencies, it’s time that these businesses leverage the data. With big players’ dominance, distributor analytics software helps to analyze and optimize data specific to the wholesale industry and address challenges the new marketplace presents. … business communication

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Getting the most from your visual BI solution

Knowing how to get the most out of your visual business intelligence (BI) software is essential to your business’ success. It can transform your BI solution from just another business system to time-saving software. That everyone in the business wants at their fingertips and uses to share financial performance. … knowledge management

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How to motivate staff to increase productivity when working from home

In business, the saying “time saved is money earned” couldn’t be more true. Yet businesses throw away thousands of dollars each day in wasted time.  This happens at every level from management to staff. By applying a few motivational techniques to your business, you can increase productivity and profits – even when people are working from home. … business…

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New Year’s resolution for CFOs: more data discovery

Data discovery is the process of collecting raw data from your various databases and systems, and converting it into a single source for instant analysis. Once data is converted, CFOs and the finance team can drill down,  follow a train of thought and share insights with the rest of the business. After another fast paced year, business people acknowledge…

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How to measure customer value with analytics

Usually a small percentage of customers drive the majority of a company’s profits. Upon closer inspection, companies find that customers who generate a lot of cash flow cost more to service per transaction. Unfortunately, many companies aren’t using customer value analytics to measure customer value to know those customers that are profitable or not. … knowledge management

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