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Blog Management Information System April 2023

By: Alexander Gronwald | Manager & Data Analytics Expert

In our first blog post on the topic of “Management Information Systems (MIS) – Business Intelligence for SMEs”, we report on the benefits of implementing an MIS. In the next few articles, we will look at various topics related to business intelligence for SMEs and also talk about the challenges of implementation.

Especially in medium-sized companies, many processes have grown over time, but are often inefficient and no longer appropriate for the current size of the company. Business processes and key figures require clear definition and precise analysis in order to be able to carry out decision-making processes quickly and in a well-founded manner. Digitization is one of the most important optimization levers here.

๐–๐ก๐š๐ญ ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐š๐๐ฏ๐š๐ง๐ญ๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐š ๐ฐ๐ž๐ฅ๐ฅ-๐ข๐ฆ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ฆ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ? ๐Ÿ’ก

A Management Information System (MIS) provides decision makers at all levels of their organization with critical information that helps plan, manage and control business processes. On the way, business processes can be sustainably optimized and costs reduced at the same time.

๐Ÿ”Ž ๐ˆ๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ž๐ ๐๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง ๐ฆ๐š๐ค๐ข๐ง๐ :
An implemented MIS helps to make informed decisions based on validated business data in a short time.

๐ŸŽฏ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž๐ ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ:
By automating business processes, an MIS can help to sustainably increase efficiency in the company.

๐Ÿ” ๐ˆ๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ž๐ ๐๐š๐ญ๐š ๐ช๐ฎ๐š๐ฅ๐ข๐ญ๐ฒ:
As a central platform for controlling and reporting, data quality is increased through consolidation from different sources.

๐Ÿ’ฐ ๐‚๐จ๐ฌ๐ญ ๐ซ๐ž๐๐ฎ๐œ๐ญ๐ข๐จ๐ง:
Repetitive and manual activities are reduced and processes for data provision are automated, so that costs can be reduced and added value increased.

๐Ÿ“ˆ ๐‡๐ข๐ ๐ก๐ž๐ซ ๐œ๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž๐ง๐ž๐ฌ๐ฌ:
Decision makers can react faster to changes in the market through real-time data

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