Are you running blind?
It’s been said before, and it’s worth repeating: you can’t manage what you don’t measure. The more you know about your business, the easier it is to improve performance and increase profitability.
Think of your business like a car: all the information you need to improve your driving performance is right there on the dashboard. Running a business without measuring your metrics is like driving a car without a dashboard: you can do it, but you’ve no idea how well you’re doing.
Imagine buying a car with no dashboard. You start the engine – it’s running but you have no vital signs. Are the warning lights on? Do you need fuel? Oil? Washer fluid? All vital elements to ensure you reach your destination.
You pull away, tentatively, but you’re driving blind: you’ve no idea what speed you’re doing – whether you’re above or below the limit. It feels like you’re driving fast yet you’re constantly late for your appointments, missing opportunities, and frustrating your customers.
After driving blind for a while, you finally figure out how to fix the dashboard. You now realize you were driving way below the speed limit – which explains why everything was taking so long – your tyre pressure is low, and you’re about to run out of gas.
If the dashboard had been connected from the start, these vital signs would have been easy to monitor and adjust: you’d have been on time for meetings, grabbed those opportunities, and delighted your customers!
Now imagine you have a whole fleet of cars with faulty dashboards. Not all drivers will be able to fix the fault – and even those who can may interpret the same vital signs differently, making it hard to monitor the entire fleet. You spend so much time checking that all dashboards are connected correctly – and that your data is up to date and accurate – that you’ve no time to analyze your driving performance and make adjustments to improve it.
Monitoring the top 1% and bridging the gap
It’s the same in business. Organizations around the world spend so much time blindly doing what they do without measuring or monitoring their performance. This is especially true when you have acquired a new company or group of companies. Integration is extremely expensive and takes a long time. Depending on the size and complexity this can take months to years. Can you afford to run your business blind for that period of time?
You no longer have to wait for full or even partial integration to monitor your acquired companies or business units. Implementing a core set of metrics are critical business assets that can make a real difference in your productivity and visibility across the entire enterprise without black holes or having long delays in seeing results that it's too late to react. The ability to monitor key information can not only improve performance and profitability, but can dramatically improve your integration efforts. Think about the benefits of having a newly acquired company running the same set of core metrics as all your other operating entities within the first month of acquisition!
Maximize and manage the data that matters
InfoPlanIT developed the M1 Platform to address these issues.
This suite of tools, built with over 20 years of proven industry experience, make it easy for you to collect, clean up and present your data. Perhaps your business operates across several sites around the world. Regardless if you’re in the mergers and acquisitions practice or you manage a portfolio of companies that all store their performance data in different places, and in different formats.
Whatever data you need to keep track of – whether it’s financials, human capital management (HCM), operations, partner compatibility, or all of these and more – the M1 solution makes light work of monitoring your KPIs in one single, easy-to-use package.
Whatever your challenge, the M1 solution bridges the gap between acquisition and integration, enabling you to maximize and manage the information that exists within your business, and save time and money in the process.
The dashboard that measures your business performance
We work with large, often complex organizations to identify the data that’s most critical to their performance. We help them define and refine the metrics that matter most to the success of their business, and set the KPIs, targets or benchmarks that help them improve their business performance against these measures. By communicating your goals and how you plan to achieve them, you inspire your employees to deliver. Yet despite the significant impact of KPIs, they are often the last items to be implemented due to the investment and infrastructure required by traditional data warehouse or analytical tools. This needn’t be the case.
Think of the M1 solution as your high-performance car, and the Visual Analyzer feature as your dashboard.
The easy-to-install, easy-to-use and fully scalable M1 platform can be tailored to instantly collate and monitor your company’s vital signs – the 1% of data that has the biggest impact on your future business performance.
M1 uses current, complete and accurate information to review your performance against the benchmarks you’ve identified. Visual Analyzer then presents this data as charts, tables or reports that are easy to analyse and easy to act on. With this information at your fingertips, you can identify the strategies that work for your business and those that don’t: and adjust them accordingly.
And because the M1 solution is cloud based, you and your team can access the information you need, whenever and wherever you need it – on your desktop, laptop, tablet or smartphone.
Just imagine the luxury of having all your data in one place – financial, sales, operational, quality, and much more besides. With this accurate, up-to-the-minute performance data to hand, your employees can make better decisions and respond rapidly to changing business situations.
Grow and go
Thinking of acquiring a new business, but worried about the pain of integrating it into your existing ERP system? The M1 platform enables you to bridge the gap between acquisition and integration. Simply continue monitoring your business as usual until you’re ready to complete integration.
There’s no lengthy network integration or detailed data integration work required to get you started – just define the metrics you want to track for each site and you’re good to go.
Fully flexible and scalable, the M1 platform significantly reduces the time it takes to integrate new acquisitions into your operational reporting process, and makes it easy to add new metrics as data becomes available, or your needs change.
Get in touch
Ready to streamline your data integration and focus on the activities that have the greatest impact on your business success? Call or email us today. We’ll schedule a 30 to 60-minute call including a live demonstration – during which we’ll talk you through the benefits of the M1 solution, and the savings possible for your business.
In the USA? +1 (847) 879-0017
In the UK? +44 (0) 208 334 8860
Prefer to email? Write to us at firstname.lastname@example.org.