Are you struggling with incomplete reporting? Check what to do about it
Let’s imagine it’s Friday afternoon: you are receiving your monthly sales report analysis and you can’t seem to have the complete picture of your KPIs: there is always missing reports or missing pieces of information that you and your teams are not sure where to obtain, and yet again starts the hunting for data to complete the missing fields on your sales development. Why does this happen?
This is more common than you can imagine: according to a survey by Zencargo, in which they asked 200 supply chain professionals about their performance, “44% said they do not trust [their data] because it’s incomplete (not getting the full picture or being drip-fed intel).”
How can you complete your sales dashboard, then? Do your processes need to be tightened? Do further steps have to be added to gather the missing data? Will you keep track of your activities more up close, risking the natural workflow that has been built? Let’s talk about that.
Missing information in your reports: 3 causes
There are several reasons why your sales reports are missing information and why incomplete dashboards are recurring in your reporting. Reasons like complex manual processes, disparate data, lack of live updates in your sales, and more can undermine your visibility, resulting in delayed processes and wasting resources trying to fix this.
Let’s review 3 of these causes:
Human errors in manual processes
We humans are still needed for most business processes, which is why using our creativity for problem-solving and supervising tasks is crucial. This also brings human errors into play since the workload can become overwhelming, which is why complex manual processes can end up in unwillingly losing, duplicating, or modifying data, as well as delaying your whole reporting and analytics.
Deficient sales tracking
How can you know what you don’t know? Even though you may have plenty of tools to manage and keep track of your sales, there may still be gaps to cover. Depending on your goals, you need to consider which critical indicators actually need to be tracked, and find the right tools to do so in order to prioritize and optimize them for avoiding further inaccuracies and pinpoint what needs to be tracked and how.
Disparate data
How can your team gather last month’s sales if the data they work with may be inconsistent? Complex manual processes lead to deficient process tracking, which ends up in disparate data and incomplete sales report analysis. With no reliable data, decision-making becomes risky, paving the way for gut decisions to be made and repeating this cycle over and over again.
These situations lead up to losing control of your data and how it gets handled, of your reporting analytics, summary data, and your operational business visibility. The bigger your company is, the greater the consequences will develop of not harnessing your whole operation visibility. Fortunately, there is always a solution.
The solution is in your hands
We know how frustrating incomplete reporting analytics can become, and tracking the actual cause involves investing time and resources your team could be using in operations instead.
Which is why you need a robust solution to take on the journey of finding the root cause and help you redirect your efforts into your actual sales and business processes instead of focusing on searching for your info.
Forget about missing information in your reports with Arkon Data:
- We help you optimize your reporting time and tackle any challenge that may be causing trouble with your dashboard reports.
- Let us help you regain complete control of your data by avoiding human errors in your processes for better reporting.
- Keep close track of your processes and have your data always at hand through our specialized data management platform to enhance your operational business visibility.
Through our in-depth analysis, we help you pinpoint the exact issues troubling your visibility: avoid disparate data, incomplete processes and inconsistencies in your information with our specialized data solutions for businesses like yours.
Let’s get in touch to know your concerns and to talk more about your business specific issues and needs.
Ana Lucía Gutiérrez Tapia
Ana Gutiérrez is a passionate copywriter and content creator at Arkon Data. When she is not diving into data-related themes like ETL, data management, cloud migration, Data Governance, and Business Intelligence (among many others), you can find her illustrating her nightmares and singing metal and classical music while petting her cat.