MIS for Small & Medium Business (SMB)

MIS for Small & Medium Business (SMB)

Every small business is unique, with its own set of industry-specific practices and its own strategies for success. It is critical in today’s competitive business environment for SMBs to take timely decisions for growth. Robust yet flexible MIS is the first-step for SMBs in this conquest for growth.The typical MIS challenges faced by SMBs today:

• Limited manpower & IT resources
• Limited IT Budgets
• Disparate data sources
• Current business climate pressure & competition
• Ever changing Reporting needs with changing Business conditions
• Dynamic Government Regulations & Compliance Reporting

SMBs are capturing massive amount of information, but what they don’t have is line of sight into their business, to make real-time decisions.

Whether a retailer, manufacturer, or service provider, every company requires information that helps them stay on top of their business. Every company needs an MIS Reporting solution that allows them to control practically all of their core operations, including:

• Customer Relationship Management
• Inventory and Distribution
• Ordering and Delivery
• Purchasing and Merchandising
• Production and Manufacturing
• Employees and Human Resources
• E-commerce
• Financial and Accounting

SMBs too like large enterprises require integrated system to extract data and create critical business MIS across all business functions. In this competitive business environment, instantaneous access a complete and up-to-the-minute view of your business is must, so as to respond to customers faster and grow your business more profitably.

Reporting challenges faced by SMBs

• Reporting tools are too complicated for users to create customized reports
• It’s difficult to generate comprehensive reports without technical assistance because data resides in different applications
• Querying: It’s too difficult to run reports on detailed business data without technical assistance
• It’s difficult to modify existing software so users are able to see only the reports that are important and relevant to their jobs
• Reports from multiple systems on critical business data such as sales bookings, stock levels, and cash flow are inconsistent
• Difficult to generate accurate, relevant reports

Instant access to one version of your business data is too required. The business users of SMBs should get greater visibility and control by integrating business-critical information, freeing it from various, unconnected applications to conduct MIS across every aspect of your business.

Having limited budgets, MIS solution must leverage SMBs existing IT investments. Along with that, it should be intuitive for new users and to be flexible enough to support the organization as needs change.

Business Intelligence (BI) helps small businesses extract meaningful information from the business data, increase productivity, and present a more professional image to customers.