Make More Informed, Faster Decisions with ERP

There are two ways where a Manager takes his decision: one who makes business decisions based on an informed analysis of relevant data, or one who makes decisions based on instinct? It is found that: ·          46 percent of CFOs made important decisions based solely on instinct. ·          Many others said that they relied on a combination of instinct and experience due to a lack of   pertinent data. ·          A third of surveyed companies attributed poor decision-making to not having access to internal data when they needed it. While instinct can certainly have value, it’s clear that making the best decision requires starting with the right data. Making the decision quickly, meanwhile, requires having access to that information  at a moment’s notice . Enterprise resource planning, or ERP, is designed in part to facilitate t...