1. Integration with Multiple Data Sources

As the number of available data sources keeps increasing, it becomes tedious for organizations to connect their ERP tools with these data sources. A pre-built ERP integration with analytics can save time and manual work. Therefore, make sure your ERP solution is pre-built with integrated data sources.

For instance, the ERP tool should be capable of importing data from business applications such as CRM and Excel spreadsheets. Doing that would give business users 360-degree visibility into their operations and insights into improving the process.

2. Visual and Interactive Interface

In the age of data visualization, business users prefer to view their data through interactive graphs, charts, and other visual elements. Your ERP analytics tool must support visual and interactive elements such as pie charts, heat maps, and radial diagrams for broader acceptance and use. Additionally, the tool must be intuitive to provide users with visual cues and enable them to understand the presented data.

3. Data Organization

Without organized data presentation, no ERP tool can support effective data analysis and reporting. Here are some of the ERP features that you can use to organize your data:

• Dynamic Filtering: Enables users to filter unwanted information from a data table or graph.
• Grouping: Enables users to group the presented data based on date, product name, customer name, or other parameters.
• Drill-down Facility: Enables users to click on any data point to drill down to a more detailed view of the information.

4. Automated Report Generation

Organizations can run data reporting with automated report generation according to a predefined schedule or time. Also, they can automatically send the generated reports to interested stakeholders such as employees, customers, or suppliers. This feature ensures that organizations do not lose productive time due to human or manual intervention.

5. Support for Multiple Document Formats

ERP tools must enable users to export the data to various document formats, including PDF, CSV, and Excel, for effective analytics. Document-related features like Intelligent Document Recognition can also help organizations ingest data from PDF documents and other formats. This can significantly reduce manual data entry and improve accuracy.

6. Real-Time Analytics

Real-time analytics capability provides organizations access to the latest real-time data and information. With instant data updates, business leaders can make informed business decisions faster and more accurately. As ERP tools become more intuitive and user-friendly, they can now collect and analyse information from any business operation.

With real-time analytics, you can also configure and track relevant key performance indicators (KPIs) for better decision-making. Organizations no longer have to invest separately into a BI tool for this level of real-time analytics, thus saving them money.

7. Mobile-Friendly

ERP customers can also improve their productivity by using a mobile-friendly ERP tool. With a mobile-friendly ERP application on their phones, business executives, including sales professionals, have real-time access to ERP data while on the move. They can also respond faster to customer queries and improve their customer service.

With access to real-time data on their mobile phones, business leaders have complete visibility into their business operations and can implement corrective actions whenever needed.