Retail Intelligence
At the heart of a smart business decision is a clear understanding of where your business stands today and what lies ahead. Successful retailers understand that the customer is the central focus of business analytics.
- Nearly 75% of best-in-class retailers have developed and are actively pursuing to improve business intelligence metrics to manage their business
- Best-in-class retailers are twice as likely to collect, analyze, and integrate transactional intelligence from customer data on a near-real or real-time basis.
- Only a small percentage of retailers have access to integrated BI capabilities including collection, integration of transactional data, data warehousing, modeling and reporting, dashboards, and ad hoc analysis. Because so few retailers have fully integrated reporting capabilities, there is a tremendous opportunity to benefit.
Retail Analytics
Retail analytics organizes and presents information so that people can gain insight. Insight leads to action. A data warehouse monitors results after the action. That leads to more insight and eventually, knowledge. Retail intelligence software leads you to the benefits in the following seven categories:
- Increasing knowledge
- Improving business relationships
- Improving return on inventory assets
- Improving return on non-inventory assets
- Reducing expenses
- Improving productivity
- Increasing sales
Retail Reports
Epicor retail business intelligence allows retailers to combine business intelligence with industry best practices to make the most profitable retail merchandising, direct to consumer, and store operations decisions. Epicor has fully integrated business analytics that allow retailers to get a complete snapshot of their business right at their desktop.