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.
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐚 𝐰𝐞𝐥𝐥-𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐞𝐝 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦? 💡
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.
🔎 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐦𝐚𝐤𝐢𝐧𝐠:
An implemented MIS helps to make informed decisions based on validated business data in a short time.
💰 𝐂𝐨𝐬𝐭 𝐫𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧:
Repetitive and manual activities are reduced and processes for data provision are automated, so that costs can be reduced and added value increased.
📈 𝐇𝐢𝐠𝐡𝐞𝐫 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬:
Decision makers can react faster to changes in the market through real-time data
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