“It is a capital mistake to theorize before one has data” It is one of the elementary premises of the most emblematic British detective of all time, Sherlock Holmes. The great master of the science of deduction stated in each of his investigations the relevance of obtaining real data to solve cases, and not get carried away by appearances or unreliable data. Because many times we see, but we do not observe, and without observing we cannot know the truth, as Sherlock himself would put as an example, “We can see that we have climbed some stairs, but we will hardly have observed how many steps we have climbed. Because we see, but we do not observe “
It is very easy to transfer the premises of Sherlock Holmes to the business world. Businesses run on data, and you can’t make a good decision if the data isn’t reliable, “it would be a capital mistake.”
An essential part of any organization is to have the results of its operation reflected numerically in a globally standardized methodology that we know as Accounting. Good, bad, or fair, the Financial Statements product of that Accounting, show us various data such as assets, liabilities, capital, cash flow, etc. in an almost universal format.
But that information that costs so much work and to which we dedicate time and resources to prepare it, is it information that helps us make decisions, or are we only complying with a fiscal requirement?
Elementary my dear Watson. Having access to accounting data and financial statements of companies is essential for decision-making. In Sir Arthur Conan Doyle’s novels, Sherlock Holmes accessed this information through his “mind palace”, a mnemonic technique where he stored all the information in his brain. Luckily today we have business software that makes the task much easier and faster.
Now, among the various business software, which is the best option for our company? It is here that we must again, not only see, but observe. Perhaps you know other companies that use a certain software and it seems to work well for them, but as our detective would say “never trust general impressions, one should concentrate on every minute detail”. Surely they have had to adapt to the software and not the software to the company, or perhaps they lose more time than they should in monthly closings, or they may think they access information in real-time, when in reality they are not.
If you look closely, you will understand that LOVIS EOS is the business software you need, fully configurable to your needs and that it provides you with information in real-time that allows:
• That the business processes flow along the established path (to which LOVIS EOS adapted, tailored to business requirements).
• That there is a workflow between the members involved in the particular process that the transaction is about.
• That some deviation can be made to the process (as it could be that due to a business decision it is decided to allow Warehouse to receive an order with less content than requested if a person with sufficient authority authorizes it). An indelible record of this will remain, including the date, time, and who authorized it, but it will allow the business not to stop if someone with sufficient authority gives their approval.
• Count on LOVIS Assistant (Alexa) so that in real-time authorized persons receive the most relevant results of the company, for example, before or in the middle of a meeting in which such data is required.
• Be able to generate at any time reports or business analysis by-product, product line, client, company, or country… in a simple way with reports that are ready and that allow creating new ones.
• Do not stop the operation or part of it (such as billing), a single minute because it is the end of the month or of the year. LOVIS EOS does not need to stop and runs these processes in minutes, without affecting the business.
• Adapt the software to changes in business needs: new areas, process changes, changes in legislation…
• And, by the way, LOVIS EOS is capable of complying with the different types of additional accounting: US Gap, IFSR.
Now, my dear Watson, it is time to not only see, but also observe and make the right decision for the well-being of your company.