Budgeting, Forecasting and Reporting..the terms CFO’s need to know

If you’re a CFO or Financial professional and confused by the terminology and acronyms used around the Budgeting, Planning, Forecasting and Reporting platforms available to businesses then you’re not alone.  At bi5 Solutions we speak with professionals just like you on a regular basis and have realised how few know what these different terms mean, […]

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Was there a modern budgeting and forecasting system under your Christmas tree?

As another festive season passes it can only mean one thing for experienced finance professionals, it’s time to start preparing for next FY’s budget and planning process. If you’re like the majority of finance professionals out there, this very quickly snaps you out of the festive season-high and brings you back to a sobering reality, […]

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The top 3 advantages of Cloud Business Solutions

While motivations vary, businesses of all sizes, industries, and geographies are turning to cloud services. Whether you’re looking at Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), or Platform-as-a-Service (PaaS), the predictions are the same: fast growth of the workloads placed in the cloud and an increased percentage of the total IT budget going toward cloud computing. Many factors […]

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Light v Heavyweight …Business Intelligence (BI) vs Performance Management (CPM)

 The difference CFO’s need to know Modern software solutions are essential to effectively address the management and financial processes of all, but especially, medium to large sized enterprises. These solutions can make a ready change in how the operations are managed and how decisions are made which has the immediate effect of driving growth and […]

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Data automation to assist Your Business

Human beings have limits. It’s hard for most of us to accept, especially when we’re being pushed to increase productivity and business impact while having less time available. Fortunately, data automation provides ways to save time, improve data quality, cost and overall improve business processes. “The world’s most valuable resource is no longer oil, but […]

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The Future of Planning, Budgeting and Forecasting

Ask most CFO’s and finance directors to describe an ideal forecasting and budgeting process, and they’ll likely portray it as part of an overall integrated performance management framework, ultimately driven by value-based measures. At the same time, however, they’ll admit that achieving this vision involves a significant transformation to their current forecasting and budgeting processes, […]

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Why you need local Software Support for your Organisation

It’s rare to encounter an organisation where software isn’t an important aspect of their operation. Whether it’s a small business with a simple website, an international retailer with an e-commerce store and a Warehouse Management System, or a mining company, storing and reporting environmental data, at some point, each of those organisations will need to […]

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How Information Technology is transforming the Mining Industry

The disruption of business models through the advancement of digital technology has been a reality for other industries for many years. The digital transformation is now impacting the mining industry. From day-to-day data management to the prevention of bottlenecks and inefficiency, information technology is transforming the way the mining industry operates. Increasing demands for efficient […]

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Business Intelligence in Transport and Logistics

In today’s complex global economy, transport and logistics are playing an ever-increasing role, and optimising this process is the key to success for business. In this blog we will highlight the importance of business intelligence in the logistics industry. Improved technology has increased productivity in the supply chain and minimised costs and errors. Thanks to […]

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Gamification for Better Business Results

Gamification has been with us for some time now, but it’s so versatile that it applies to practically every kind of business. The beauty of gamification is that it can be used for many different purposes –for example: marketing, company culture building, project management, recruitment or even taking care of employee health. Gamification is a […]

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