Business Intelligence provides insights into the current state of an organisation, it tells us what is happening now and what happened in the past to get it to that state. With BI you can access company information such as financial, director, a company credit check and business information, quickly and easily.
BI aims to deliver straightforward snapshots of the current state of affairs to business managers.
The purpose of business intelligence is to help business enterprises and managers make better-informed decisions backed up with accurate, simplified data. As a result, this will help them identify new business opportunities, trends, cut costs or spot inefficient processes that need attention.
A variety of different types of tools fall under the business intelligence umbrella:
BI platform PXP breaks down some of the most important categories and features:
PXP Business Intelligence
The Populous XBRL Platform (PXP) accumulates masses of data and makes it viewable in a way that will provide business intelligence. XBRL is the international standard of digital reporting for businesses. The format is a computer language that is used for communicating and exchanging business performance reports. XBRL brings all this information together in a standardised format, making it easy for users to draw comparisons and weigh up the financial health of a company.
PXP can help companies to:
understand the financial health of a business
look at reasons why positive or negative things have happened
generate information to determine possible action plans to take
help companies perform these types of analyses, monitor key performance indicators (KPIs) and generate accurate company credit reports
Furthermore, the function of the PXP business intelligence platform allows users to perform a company credit check in order to make intelligent business moves and explore what markets to divulge in and how to expand.
The Future of Business Intelligence
The future of business intelligence (BI) tools and its evolution is proceeding at a frantic pace. The rapid advancements are, in large part, due to the immense value BI provides. As game-changing use cases and success stories continue to emerge, so do new ideas for enhancements, innovations and next-level analytic functions.
PXP has built XBRL into its in-house credit reference system, and with this XBRL engine, useful data can be extracted that gives users the ability to predict multi-industry trends in real-time and create reports.
WithCompany Credit Reports you can:
Get a detailed financial picture of any customer or supplier before you decide to work with them
>>Does your organisation need big data analytics tools to make faster, intelligent decisions?<<
With PXP you can make your data easier to understand, simpler to communicate, and much more useful. You can create a company credit report containing company financial accounts and information – this includes a business credit score, built with multiple financial and non-financial datasets that take into account a company’s financial strength