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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). Related: 6 tips for making the most of a tight IT budget Budgeting, IT Leadership, IT Strategy

Budget 363
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13 power tips for Microsoft Power BI

CIO

Power BI is Microsoft’s interactive data visualization and analytics tool for business intelligence (BI). Use a rotating tile or a Power KPI custom visualization to combine multiple report types on a single tile. You can drill into data, create a variety of visualizations, and (literally) ask questions about it using AI.

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Power BI Purchase Dashboards

Sunflower Lab

Budget Monitoring: Tracks spending against budget allocations to help organizations stay within budgetary constraints and identify areas of overspending or cost overruns. Trend Analysis: Identifies spending trends over time, allowing businesses to forecast future expenditures and make informed budgeting decisions.

Budget 52
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Power BI Executive Dashboard: Actionable Insights for Leaders

Sunflower Lab

The dashboard also compares actual financial performance against budgeted targets, highlighting areas of concern or success and enabling stakeholders to make data-driven decisions to improve financial performance. The dashboard enables stakeholders to track spending patterns, identify areas for cost reduction, and improve budgeting accuracy.

Metrics 52
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IT Reports: Examples, Benefits, Best Practices and More

Kaseya

It’s also a great way for MSPs and businesses to check if they are maximizing their investment in technology, which can become a drain on resources and a costly endeavor if overlooked. IT reports help companies plan better budgets, prevent client churn and streamline processes by making informed business decisions.

Report 52
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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Accurate forecasting is a foundation of intelligent planning and budgeting. This group of KPIs is focused on evaluating how efficient your procurement process is. Spend vs budget measures the accuracy of budgeting. Purchase on time and budget = Number of correctly fulfilled orders / Total number of orders.

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A Complete Guide to Enterprise Application Development 

Openxcell

c) Strengthens business performance Enterprise applications automate mundane tasks, saving time and allowing businesses to focus on essential functions. They offer independent approvals, flow management, reminders, personalized alerts, and time-outs, with KPI dashboards and reports for tracking success.