Financial Consolidation of Accounts for statutory and internal MIS has been always a challenge for the Finance team in any company.
Today’s corporate financial officers are held to higher standards of accountability than ever before, even as their businesses grow more complex and stakeholders demand faster access to accurate financial results. Finance Executives like accountants and […]

Posted on June 27th, 2008 by Ashwin Dedhia
Filed under: Business Intelligence, Emerging Trends | 1 Comment »

We recommend the use of 1KEY Agile BI suite MIS Reporting Tool in below five mentioned strategies to get on demand MIS.
Recommended MIS strategy No 1:
Take in account the reporting and analysis needs of all business users (Executives) with the CXO and managers. Data garnered should be appropriate for all the business users with correct […]

Posted on June 23rd, 2008 by Ashwin Dedhia
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By Ashwin Dedhia

Globalization. Intense governmental and regulatory scrutiny. Overwhelming competitive pressures. New technology advances. Today’s companies operate in a fiercely competitive, global marketplace where transaction speeds are measured in fractions of a second and continual change is the only sure thing. Further, ever increasing pressures to take advantage of the synergies and economies of scale […]

Posted on May 26th, 2008 by Ashwin Dedhia
Filed under: Emerging Trends | 1 Comment »

By Ashwin Dedhia

A properly conducted profitability analysis provides invaluable evidence concerning the earnings potential of a company and the effectiveness of management

The bottom line

That’s what many business people look at to gauge the profitability of a company. While important, the bottom line doesn’t always provide the entire picture, and using it as the sole barometer […]

Posted on May 5th, 2008 by Ashwin Dedhia
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By Ashwin Dedhia

Management information systems provide decision-makers information and feedback on daily operations. Additionally, management information systems can be used strategically, often incorporating Web technology.

Marketing MIS: Marketing Management Information System (MIS) supports managerial activities in product development, distribution, pricing decisions, promotional effectiveness and sales forecasting.

Overview of Marketing Management Information System (MIS)

Inputs to Marketing MIS

Strategic plan […]

Posted on April 26th, 2008 by Ashwin Dedhia
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By Ashwin Dedhia

Inventory control programs are one component of a manufacturing MIS that relies on the production schedule. Inventory control programs can forecast future production, automatically reorder items when a certain threshold is met, determine manufacturing costs, and develop resource requirements plans from the production schedule.

Manufacturing Requirements Planning (MRP) programs help coordinate thousands of inventory […]

Posted on April 25th, 2008 by Ashwin Dedhia
Filed under: Business Intelligence | 1 Comment »

By Ashwin Dedhia

Financial MIS Provides financial information to all financial managers within an organization. It integrates financial & operational information from multiple sources. Financial MIS eases analysis by providing fast financial data. It enables financial analysis from different aspects; time, product, customer. With Financial MIS, one can analyze historical and current data. Also one can […]

Posted on April 24th, 2008 by Ashwin Dedhia
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By Ashwin Dedhia

What is a balanced scorecard? A balanced scorecard provides a means for linking the strategies of the different business areas within a corporation to the overall corporate vision. The term and methodology was introduced by David Norton and Harvard Business School professor Robert Kaplan back in 1992. They had found that the typical […]

Posted on April 23rd, 2008 by Ashwin Dedhia
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By Ashwin Dedhia

 
Hi friends! In my last two posts I had discussed about MIS, its benefits, 5 elements of usable MIS, sources of management information, ouputs of MIS, Scheduled reports, Key Indicator report, Demand report, Exception report, drill down report and much more. In this one, I have tried to highlight Characteristics of […]

Posted on April 22nd, 2008 by Ashwin Dedhia
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By Ashwin Dedhia

In my earlier post I had mentioned what is MIS, its benefits, elements of usable MIS and sources of MIS. In this post I will be highlighting on outputs of Management Information Systems (MIS).

Scheduled reports

Produced periodically, or on a schedule

(daily, weekly, monthly)

Key-indicator report

Summarizes the previous day’s critical activities

Typically available at the beginning of […]

Posted on April 15th, 2008 by Ashwin Dedhia
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