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Use business analytics software to assist in company changes

By August 14, 2013June 11th, 2024No Comments

Sometimes, even when using time-tested sales strategies and showing strong leadership, companies may find themselves in need of a change. When a company expands or condenses, takes on new clients or switches gears to focus on new initiatives, it’s necessary to take the time to assess current business practices in order to achieve success in the future.

One of the fastest and most effective ways to assess the state of a company is to use business analytics software. Here are just a few of the many ways business analytics software can help an organization thrive:

Objective information
Business analytics software makes the analysis process fast and easy. The software sorts through countless lines of data and presents the results in easy-to-understand graphs and charts. The program is designed to take in solid numbers and can be updated on a regular basis, making the information accurate and current.

When an executive uses business analytics software, they can be certain that the information they have is accurate and objective.

Insight to help make decisions
In addition to showing executives individual sales numbers and hard data, business analytics software also has the power to show users industry trends across a business sector. Having access to these trends allows executives to see how their company is matching up against competitors and where a business needs to make improvements.

With hard data in front of them, executives can make smart business decisions that can affect an entire company. For example, if a VP of sales sees that the west coast branch of their company is thriving while an east coast branch is struggling to sell a certain product, they can invite top salespeople to come and lead training sessions with current employees.

These sessions can help improve sales across a company, and by using business analytics software, executives can make informed decisions in any area of business.

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Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

S3 Ventures

S3 Ventures is an early expansion and growth stage venture firm with $200 million under management. It’s focused on information technology solutions that solve large business problems. S3 also invests in medical devices that improve the human condition. S3 invests in category-defining opportunities. It partners with the team and help focus methodically on what it takes to build a successful company. S3 today helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a repeatable fashion. Investment sizes start at several million or more for Series A, B, and C financing.