Stay Smart: Financial Analytics is Critical For SMBs

Written by manpreet-kaur | Published 2019/10/30
Tech Story Tags: finance | analytics | business | product-matrix-analysis | profitability-analysis | predictive-sales-analytics | cash-flow-analytics | latest-tech-stories

TLDR Small businesses lack the prowess to manage their funds and track their transactions on a daily basis. Data analytics has become essential to have a competitive edge over others. Small business owners need to know the 80/20 rule as per which 20 percent of clients are those which generate 80 percent of the profit. Differentiating between clients that generate profit and those that make you lose money is important. Using predictive sales analytics is a perfect tool that would allow small business companies to understand how much sales they would generate.via the TL;DR App

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Written by manpreet-kaur | Manpreet is a freelance writer writing for over 5 years covering a wide range of topics. Some of the
Published by HackerNoon on 2019/10/30