Visualization and analysis of key performance indicators such as revenue combined with self-service forecasting allows them to gain deeper insights on different business units across multi-region which immensely adds faster and better decision making.
Briq’s dashboard allows you to track your sales based on the booking date.
This is great for forecasting future income and can be cross-referenced with cash flow reporting.
Also, our customers can track which activity was booked, and what additionals were included in the booking. They will see which bookings were made online versus how many were Admin bookings.
The dashboard tells you how popular a specific deal or activity is on any given date or time. This allows you to adjust your resources accordingly to accommodate peak hours and take advantage of unidentified opportunities.
Measuring customer retention is important to ensuring growth in any business. Research shows that 20% of your customer base is likely to bring in 80% of your total revenue. The key here is to focus on customer loyalty and retention. This can help our customers identify the more profitable segment of their customer base, and focus their marketing and retention efforts.
When forecasting, it’s key to ask questions like: How can we use data to make data driven decisions? What actions should be taken based on the provided data?
Forecasting helps users make educated decisions with significantly greater accuracy across topics like price adjustments or churn reduction.
Data collection, if done properly, tells you a story about your business. At Briq, we know that data becomes more valuable over time, so we want our customers to be ready for the future with all the necessary tools to keep a steady growth pace.
If you’d like to know more about this topic and how to make your business grow, get in touch with us.