3 Business Analysis Tools To Help You Grow Your Business

Proper analysis is essential to moving your business forward. Great businesses track and analyze information to prevent waste, manage budgets, and discover what works. While many business owners are familiar with the analytics tools used in website marketing, there are actually many different tools that can provide analysis at every level of a business.

ERPs

An ERP, or Enterprise Resource Planning system, is the most comprehensive of the tools this post is going to review, so it comes first. An ERP is designed to manage all of your business’s resources and provide analysis and information regarding the many various data sources found in your business. Some great ERPs are Microsoft Dynamics, Acumatica, and others.

CRMs

A CRM, or Customer Relationship Management system, is a focused business management system that provides key analysis and management of your customer relationships. A good CRM provides tracking of your interactions with your customers according to whoever is writing for your business, gives you tools to automate and track marketing systems, and integrates with either an ERP or our accounting software to provide key insights into your customers’ purchasing behavior. Microsoft Dynamics above has a CRM module, Salesforce is a well-known CRM system, and there are plenty of smaller, quality CRM systems like Big Contacts.

Accounting Software

Of course, one of the most important tools to monitor your business’s information is your accounting systems. With the right reporting automation and financial planning, accounting software will give you regular snapshots and insights into the health of your business.

There are many tools for managing different aspects of your business and collecting the information you need to make informed decisions. Whether it is a comprehensive business management solution or something more specific, the right software will give you tools to manage your business’s information well.

Remember, running a business successfully does not need to be complicated.  Keep it simple!

For more information on business analysis, business planning, and ways to grow your small business profitably, please check out our website www.portalcfo.com.

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