the time to train staff so they are familiar with the standards expected for data input. If your business uses multiple systems to enter data, inconsistencies can easily occur that ultimately impact the reliability of your information. Staff training, automated data collection and the use of a single ERP system or management reporting software can all help to reduce inconsistencies and enhance the accuracy of your data. 4. Inaccurate results While it may be tempting to alter metrics to make the business look good, adjusting some metrics in the system can inadvertently have a negative impact on others. How will you know where to look for problems in the business if they aren’t accurately reported? It is important to ensure your statistics present your business performance accurately and that results aren’t tweaked. Business leaders need to be able to act quickly when issues do arise to avert what may otherwise become a disaster if left unnoticed. By reviewing the numbers regularly, setting up system rules to detect data tweaks and establishing a policy of transparent reporting, you can avoid encountering problems and any knock-on effects that inaccurate reports could have on your business. In summary The more you grow, the more your business will rely on business systems. The difficulties that many firms experience are directly linked to the systems they have in place. Systems are the key to giving your business an edge on the competition. Ensuring your systems align efficiently with your KPIs is essential in order to assess your business performance and make your life a whole lot easier. Taking the time to get the system right will make a world of difference to the overall success and growth of your firm.
The power of business intelligence software Business intelligence software has become a must-have tool across all business sectors in Australia, with increasing integration into AEC firms. Taking advantage of such software provides insight into your business, providing a pathway to innovation and growth. Following the overwhelming response to the launch of Management for Design’s business intelligence software last year, we continue to develop our intelligence toolkit to offer architecture, engineering and design firms greater levels of visibility, control and insight into their business. The ability to access
