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The adoption rate of cloud solutions is increasing year by year, and this strategy is not seen as a luxury, but as a necessity for companies that want to remain competitive and differentiate themselves from others.

According to a study conducted by BARC in 2018, cloud technology has the biggest impact on Business Intelligence solutions, followed by Big Data, AI and IoT. Because old BI solutions will slowly be outdated, companies are now starting to consider investments in state-of-the-art solutions that can keep pace with their growth rate and needs. BI solutions in the cloud are endowed with attributes such as flexibility and agility, which makes them cope perfectly with changes.

With each new release, MicroStrategy takes a new step towards the business analytics system of the future. Version 10.9 comes with dozens of improvements and new features that make it more accessible and collaborative.

Business Intelligence tools provide organization management with information about the "health" of the business and help in making strategic decisions. The function of BI software solutions is to assist the management team to monitor the performance of the company. At the same time, together with ERP solutions, they ensure the proper use and traceability of all company resources, resulting in transparency of transactions and contributing to increased profitability.

Huge amounts of data are generated each day are a challenge or an opportunity to develop. Organizations that understand the potential of effectively analyzing data and quickly respond will be those which will be most competitive. Do you want to make your business decisions faster? The following are some of the most important reasons to adopt a Business Intelligence solution.

This year small and medium companies can increase their profitability and maximize business potential through European funding.

We are pleased to announce that MicroStrategy Desktop is now free, for everyone.

MicroStrategy Desktop is a powerful data discovery tool that empowers business and IT users to access data and build dashboards within minutes. You can now connect to over 70 popular data sources, from personal spreadsheets, to relational databases, Hadoop, and more—at no cost. Available for both Mac and PC, Desktop lets you visualize information in hundreds of ways and empowers everyone in your organization to make insightful decisions on their own.

A distributor’s activity seems as simple as buying and selling products. Yet, this simplicity is more complicated than it might seem. Distribution is a continuous fire activity, with constant need of stock and client orders information.

Daily analysis is needed on staff performance, receiving orders and collecting payments. Stocks need to be analysed daily, as well as supplier orders. Similarly, distributors have to analyze sales by divisions or brands, in order to find the best products combination to generate a maximum of profit. An income and expenses review must be an on-going activity. There are several costs to be monitored: handling charges, storage, car park costs, as well as salaries, contributions and other taxes. All these are the “ingredients” of an average day in a distribution company. Other specific issues to be addressed are increasing billing efficiency through information quality and human error elimination.

Some key-elements such as inventory tracking and its migration rate, supply and on-time deliveries are critical in distribution and, if not managed properly, they might cause trouble. This usually happens when a poorly trained sales force carelessly manages a client-product mix review.

A distributor’s activity seems as simple as buying and selling products. Yet, this simplicity is more complicated than it might seem. Distribution is a continuous fire activity, with constant need of stock and client orders information.

Daily analysis is needed on staff performance, receiving orders and collecting payments. Stocks need to be analysed daily, as well as supplier orders. Similarly, distributors have to analyze sales by divisions or brands, in order to find the best products combination to generate a maximum of profit. An income and expenses review must be an on-going activity. There are several costs to be monitored: handling charges, storage, car park costs, as well as salaries, contributions and other taxes. All these are the “ingredients” of an average day in a distribution company. Other specific issues to be addressed are increasing billing efficiency through information quality and human error elimination.

Some key-elements such as inventory tracking and its migration rate, supply and on-time deliveries are critical in distribution and, if not managed properly, they might cause trouble. This usually happens when a poorly trained sales force carelessly manages a client-product mix review.

SocrateCloud for distribution helps you manage all operational flows, from supply need to supplier invoices, supplier orders, payments, performant warehouse management, eCommerce for distribution through online channels, financial management and accounting, customer relationship management and business analysis and reporting.

SocrateCloud is the complete solution that covers all functionalities necessary to distribution companies, regardless of size or complexity of performed activities. Designed for modern businesses, cloud based, SocrateCloud is scalable, flexible, and adaptable and frees you from the upfront capital costs (infrastructure), offering a predictable pay as you go subscription model that makes cash flow management and planning much easier. The cloud infrastructure provides best data privacy, security and availability.

We invite you tomorrow, October 7, to our SocrateCloud for Distribution & Logistics or How to choose wisely in order to grow your business presentation which will take place at 12:15 on Business Software Stage at IMWorld to find out about the advantages of using our solution to optimize your distribution process.

We support your business performance! Please visit our website http://www.socratecloud.eu/socratecloud-platform-erp-for-distribution/ for more information or email us at sales@bitsoftware.ro

This is the 3rd year in a row that BITSoftware participates at Internet & Mobile World, the largest B2B expo-conference presenting IT, digital, marketing, e-commerce and mobile solutions. For two days, the Central Pavilion at Romexpo will be the main focus for over 7000 participants.

Did you know that you can now be the beneficiaries of a 200.000 EURO grant for implementing a business management software solution? Private companies, as well as public institutions, have 532 million EURO at their disposal by 2020 for IT&C projects. The total amount of EU funds allocated for 2015 is over 57 mil. EUR nationally, and the deadline for proposals submission is October,30 2015.

The Government Ordinance No.6 / 2015 for the modification of the Fiscal Code published in the Official Journal of Romania, Part I, no. 250 of 14 April 2015 will enter into force on 1st of June 2015. By modifying the content of Article 140 para. (2) g) of the Tax Code, the document states that the value added tax will decrease from June 1st from 24% to 9% for the delivery of the following goods: food, including beverages, but excluding alcoholic beverages intended for human and animal consumption, live animals and domestic birds, seeds, plants and ingredients used in the preparation of food products used to supplement or replace foodstuffs, as well as restaurant and catering services, excluding alcoholic beverages.