Improving Business Agility Using Corporate Performance Management Software

Webinar Introduction and Interactive Features

We will answer as many questions as possible so please we invite you ask away and ask often. Also you can download a copy of today’s presentation to your desktop so you can go ahead and do that as well. In addition, there are few cool and customized functions to be aware of. There’s a group chat widget so click on that if you want to start or participate in a group chat, and every window you currently see and that’s from slide window to the Q&A pane, they need to be enlarged or collapsed. So if you want to change the look and feel of your console, go right ahead and do so. Finally, there will be some polling questions sprinkled throughout this Webinar. We encourage you to participate in these polls. So please when you see them pop up, go ahead and vote on the most appropriate response, and we will share the overall results with you at some point here in the broadcast.

Now, let’s get to today’s topic which is why you are all here. A company is only as agile and flexible as its decisions. Companies can be at a tremendous disadvantage in an always-on, real-time world if they can’t gather the right customer data, store it efficiently, access it easily and apply it for real time decision making. In order to be competitive, data today must be actionable, or it’s just taking up space. Information must be able to be used equally by business processes across sales, marketing, finance and operations to make immediate business decisions. Here is where decision management comes into play. But where do you start?

How Do Evaluate Your Organization's Business Analysis Tools?

How do evaluate your organization’s business analysis tools, its technologies and even the businesses processes as candidates for automating? Before I turn it over to our speaker, let’s roll out our first audience polling questions. Do you believe your organization is effectively utilizing all the data it is receiving to make that business decision? Simply yes, no or you’re not sure. And while you vote on that poll, it’s my pleasure to turn you to our speaker, Mark Flaherty, CMO at InetSoft.

Thank you, Michelle. To build on your introduction, yes, we live in an ocean of data these days. You might say there’s lots of data and but not enough decisions being made. And I think, when you look at why you invest in IT, why you invest in technology, I think your CEO would say it’s to make better business decisions. So I’m going to start off with just a little bit of an overview by taking a look at what I call the path to business agility. And I start off by saying what decision making is, with or without computing, it’s really a three step process. You have to gather the information. You have to analyze the data. And you have to act.

Now, it seems simple to put three things in the list. It’s not that simple to do in reality. I think anyone who lived through the world of business intelligence and automatic decision processing knows that it gets pretty tricky once you get into it. But remember those are the three steps you have to take, and really what’s layered on top of that right now is sort of what I call the digital enterprise. So let’s take a look at a couple of the changes to that model that enterprise requires. So in the digital enterprise, which you know we’re all pretty much in these days. I don’t think any of us is not in it.

A Vermiculture Business Using StyleBI Performance Management Software to Improve Business Agility

A vermiculture business, which specializes in cultivating worms to produce organic fertilizer and manage organic waste, often operates with slim margins and must adapt quickly to market and environmental changes. Managing production involves monitoring factors like feedstock quality, moisture levels, temperature, and worm population health, while simultaneously tracking sales demand and distribution logistics. By adopting StyleBI’s performance management software, the vermiculture company can centralize these diverse data sources into interactive dashboards and performance scorecards. This unified visibility allows management to quickly spot inefficiencies and respond to shifting conditions such as fluctuations in organic waste supply or sudden increases in fertilizer demand.

StyleBI’s ability to blend live data from operations, sales, and external sources helps the business improve its agility. For instance, the company can integrate real-time weather data to anticipate changes in worm habitat conditions and proactively adjust feeding and moisture schedules. Sales performance dashboards can track demand by region and product type, enabling the business to adjust production targets and allocate distribution resources where they are most needed. With key performance indicators displayed and refreshed continuously, decision-makers no longer have to wait for end-of-month reports to act; they can pivot quickly in response to emerging opportunities or risks.

Beyond operational responsiveness, StyleBI supports scenario modeling and forecasting that enhance strategic agility. The vermiculture business can run what-if analyses to evaluate how expanding into new markets or introducing different packaging options might affect profitability. By tying financial projections to real-time operational performance, the company gains a clearer picture of potential risks and opportunities. This proactive and integrated approach to performance management reduces uncertainty, improves coordination across departments, and ultimately makes the vermiculture business more competitive and resilient in a niche market where adaptability is key.

Next: Data Management of Multiple Data Sources Has Become Complex