Distribution and logistics companies that have effective planning strategies increase overall organizational agility and unlock a powerful competitive advantage. Dynamics 365 includes planning capabilities to drive business growth and additional capabilities may be unlocked with a reporting and analytical solution like Solver.
A subset of business intelligence, CPM is the tracking and monitoring of a businesses’ overall performance based on key performance indicators (KPIs). CPM integrates business planning, sales, marketing, forecasting and budgeting for finance, human resources and operations to get a comprehensive view of the organization, rather than tracking goals in silos.
In January 2021, Solver and Microsoft announced an agreement to deliver Solver’s cloud-based planning solutions to Dynamics 365 customers more easily through QuickStart, a rapid deployment designed as an add-on for Dynamics 365 Business Central and Dynamics 365 Finance to enable the implementation of Solver in as little as one day.
Solver is designed to help organization create a “holistic” or “active” planning process that is easy, powerful and fast. Here at Rand Group, we made the choice to add Solver as a cornerstone solution for our Data Sciences Practice which supports our clients on everything related to reporting, analytics, budgeting, planning, and forecasting.
As competition amongst businesses continues to increase, one area that is separating the winners from the losers in their respective industries is data. Businesses are waking up to the fact that native ERP reporting is not going to cut it. They’re also realizing that the ability to quickly budget, plan, and forecast is more crucial than ever. Not only that, they’re realizing that these efforts need to be centralized and shouldn’t be treated as two disparate processes.
Cloud-based reporting and analytics solutions provide many benefits such as the ability to access reports and dashboards from anywhere and having the ability to gain instant insights into what is going on in your business. Many modern reporting and analytics solutions, such as Solver (formerly BI360), have made the move to the cloud in order to offer their clients solutions that match the needs of their ever-evolving businesses.
With every market high comes the inevitable fall, where oil markets see the price per barrel plummet or banks decide they are too big to fail. Here at Rand Group, we have been hard at work to ensure our clients are equipped to succeed in the face of an extended bear market. We will discuss some ways Rand Group is preparing to support your company during uncertain times.
