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I bet a lot of you don’t know why we call ourselves 9DOTS. This is especially relevant because we are changing that. 9DOTS is making sure that everyone accesses our website knows who we are and what we do. Additionally, 9DOTS made some changes that started THIS MONTH. As a matter of fact we will continue to make changes going forward because we love to listen to our clients, we think outside the Box, and we solve problems.

Starting June 1st 9DOTS’ social media presence is stronger, customer support improved, and finally a maintenance bulletin is on the website. As a company, we say we are “Decidedly Different.” For example, 9DOTS chooses not to be a vendor but most of all seek partnership. We are always straight forward, yet offer a hint of sarcasm. We are completely transparent in responses and due to our personality. 9DOTS recognized that the website seemed jumbled, blogs posted few and far between, and social media slacked. We are problem solvers, and that means we solve even our OWN problems.

Did you know 9DOTS is named after the answer to a puzzle?  The Nine Dots Puzzle poses the challenge to connect nine dots using four straight lines or less. Don’t lift the pencil from the paper! Challenge yourself and start below.

9DOTS puzzle solve problems9DOTS  encourages unconventional thinking to generate decidedly different business intelligence strategies. We don’t just hand out software and tell companies to be on their way! Yes, 9DOTS uses Business Analytics to solve problems, but it’s the way we think that makes us stand out from the rest. There is a box filled with Business Intelligence companies. Creativity, dedication and 9DOTS sit outside of that box.

Some people start to solve the puzzle by drawing the pencil in a box shape.  If that is you, then you aren’t the only one! The ANSWER though, is to think OUTSIDE of the box shape. Try to solve it! The answer is below. 9DOTS puzzle solution solve problems

 

To know more about how 9DOTS can solve your problems,  contact us  & Follow us below on FB, Twitter or LinkedIN to stay up to date on all of our info!

 

2015 is coming to an end, and so has your budgeting season.  If you have been reading along, or even if you haven’t, here are a few facts we learned through different surveys and research throughout the year.

A study by Grant Thorton, LLP shows that only 36% of businesses use scenarios and “what-if” analyses to re-check possible outcomes of a strategy.

A study by F1F showed that, out of 1,200 senior managers surveyed yielded stastics like “17% of large businesses suffered financial loss due to poor spreadsheets, and 78% say that key financial decisions are supported by spreadsheets.”

Companies spend weeks or even months completing the annual budgeting process, because it is so important. But too many companies fail to supplement the annual budget with planning activities that could strengthen performance management, gain competitive advantage, and of course drive profit!

Read our white paper to figure out how NOT to be a statistic in 2016, and instead stay ahead of the competition. 

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cashflowEveryone knows you have to properly manage the cash flow of your business to reap the benefits and rewards. But sometimes, it can be easier said than done. Instead of worrying about making the best decision and constantly “fighting the cash flow fires,” you should be using the unique ideas you have to advance your business to eliminate the possibility of a fire at all.

Inc.’s 10 Absolutely Must-Follow Cash Flow Rules are 10 rules for less worry, doubt or concern about your organization. Implement them immediately to manage the way you do business to the best of your ability.

1. Never run out of Cash: Commit with your all to the work it takes to ensure this doesn’t happen to you.

2. Cash is King: Cash is what keeps your business alive. Give it the attention it deserves.

3. Know the Cash Balance right now: With inaccurate information, even the most experienced of people could make a business decision that impacts negatively.

4. Do Today’s Work Today.

5. Either You do the Work or Have Someone Else Do it.  You just have to get the work done, so those are the only choices you have.

6. Don’t Manage from the Bank Balance: You reconcile your bank balance. You don’t manage from it.

7. Know What you Expect the Cash Balance to be Six Months from Now: This answers the question: do you manage your business, or does your business manage you? Use the necessary tools to forecast out this information and take advantage.

8. Cash Flow Problems Don’t “Just Happen”: Always know the answer to #7. You would be surprised at how many failed-business owners had no idea there was a cash flow problem in time to fix it.

9. You Absolutely, Positively, Must have Cash Flow Projections: They answer all of the important questions from the above rules.

10. Eliminate Your Cash Flow Worries!: Be free to do what you do best– take care of customers and make more money. Efficiency is the real key to success in business. You don’t want to be worrying about cash flow and ignoring what you should spend the most time on. Always focus on making your business better and use your talents to do what you are best at.

 

why-excel-kills-your-schedulingSometimes it can feel like you are swimming in a sea of spreadsheets. This wouldn’t be too much of a problem, if spreadsheets didn’t cause so many of their own. Using Excel spreadsheets limits the ability to perform high-value, forward-looking analysis. They are prone to data errors. Errors in data will cause many more days of diving back into that sea of spreadsheets to try to fix the problem. Knowing all of this—that spreadsheets lack supportive features such as work flow and metadata management, that they can’t handle the complicated processes of business modeling, and that they are potentially making your organization less profitable than they can be, why are so many businesses still using them?

In 2014, Grant Thorton, LLP conducted a study of 130 finance executives from companies of $1 billion in annual revenue. The findings showed that nearly 39% use spreadsheets only. The people of Grant Thorton, LLP believe that the annual budgeting process alongside planning tools will create the most efficient, accurate and profitable organization—but this can’t happen with the use of spreadsheets:

“Companies spend weeks or even months completing the annual budgeting process, which is not surprising given that the budget serves a variety of high-level, table-setting purposes in most organizations. But too many companies fail to supplement the annual budget with planning activities that could make performance management more agile.”

  • A little less than half of all surveyed currently practice continuous planning and adjust resource allocations in response to changing conditions.
  • Only 36% use scenarios and “what-if” analyses to re-check possible outcomes of a strategy.
  • When asked why no one has improved the Financial Planning and Analysis aspect of the business to add value, 62% (nearly two-thirds of participants) stated that they were too buried in basic financial management duties.

Read more about this study here. There are a large number of organizations that could benefit from using a business intelligence tool and jumping out of that sea of spreadsheets. Companies that have been using business intelligence tools don’t feel behind. Instead, they find that theirs is the organization that is competing and still growing.

self-service-bi“The term self-service might imply that business users can do everything themselves and don’t need help from IT and BI teams to gain valuable insights from business information.”

The world of big data has not always been for everyone. Viewing and analyzing data could require extensive, expert consultation or scripting. Jumbled, confusing data means relying on other people in your organization in order to complete a task and get the job done. With intuitive and easy-to-use interfaces, “Advances in hardware sped processing and lowered costs, enabling the development of software that supported more complex analytics and ever richer visualizations.” Even the less savvy business users can take advantage of what smart analytics have to offer.

Business users can begin to use predictive analytics without complicated procedures. That being said, this article from techtarget.com shows us that IT is not pushed to the sidelines with self-service analytics and that the definition of “self-service” only extends so far. “Users of self-service BI tools should think not about gaining independence from IT and BI teams, but about developing a better working relationship that will make it easier to analyze data faster and more accurately.” Smart Analytics provide organizations with a lot of benefits. Without having to rely on IT to complete tasks, business users are more efficient. IT is able to strengthen their position and develop and enhance your organization’s team as a whole.