![]() ![]() I have spent the last decade really sinking my teeth into it and I am still learning so much. One of the biggest learning curves in business for me has been to grasp working capital. #automation #automatedaccounting #business #pastel #automated So my advice to all SME owners and management teams is to see automation as a journey and not a destination, and as such challenge yourself and the team to automate as much as possible so that they have the capacity to focus on the activities that need human attention (like thinking).Īt MyBI we help business that use Pastel Partner, Xpress or Sage 50 Cloud to grow through automating their reporting and optimising the data capturing. But automation correctly applied unlocks massive value for your team, the customers and the shareholders. Standardisation and consistency is crucial. Now I am not saying that your team must be restless and unstructured. Once focus is placed on these new activities, your team will notice new possibilities to automate after which they will have more time to re-focus on more valuable activities. What happens is that as a business automates, time opens up for the team to focus on other important and more valuable activities. The reality is that automation is a journey which has no end. In other words they start the process and then think once they have automated the processes they identified, they are done. I have however seen that many SME business battle to implement automation because they approach it like a destination activity. Your team can then apply this time saved on more complex and valuable activities. It is valuable because it cuts out mundane, repetitive tasks for your team. And if you automate the right procedures, it is super valuable. To automate processes takes alot of energy and planning. It really works!Īutomation is a journey (□) not a destination (□) So don't feel stuck, just start and keep monitoring and adjusting as you go. The goal is not to get it perfect, but rather to monitor daily and adjust based on your goals and visions so that your data becomes healthier and healthier as you and your business evolve.Īt MyBI we help businesses who use Pastel Partner, Sage 50Cloud or Pastel Xpress to grow by automating reporting and gaining direct holistic insight into their PSQL database (your business mirror and scale □). The reality is that your business is a living organism just like your body. Once you see it, start making daily adjustments to make your data more and more healthy, like categorising your master files, implementing processes, capturing your bank transactions daily etc. With this information you can start with some minor daily changes (like eating more healthy and perhaps some exercise) and keep monitoring your progress against the mirror and the scale (your feedback tools). Immediate feedback of reality, right? And you did not have to do much to get this valuable insight. ![]() ![]() And how do you know where you are? Easy, just look in the mirror and get on the scale. Where is the best place to start when you are unhealthy? From where you are. And because of this they assume that they cannot analyse their data before they change what or how they capture transactions.Īlthough this approach seems logical, I believe that it is counter productive. I have had so many discussions with directors and management teams where I could see that they feel completely stuck because they believe their business is in the G.I.G.O trap. The principle is that if you capture garbage your reporting is garbage. In data analysis G.I.G.O stands for "Garbage in, garbage out". In this video I share what real garbage data looks like, after my technology partner, Kenton Smith, enlightened me where it came from. So use this cycle approach to help get your business data more and more healthy. Your current business data, is not garbage, even if it is not at all were you want it to be. If their approach is that the lost games are garbage and they first want to wait for a game they win before they will look at previous games, they may wait for a very long time. You would expect a sports team to go and review and study their previous games (especially the ones they lost) to adapt their game. It sounds logical, but it actually is not. We first need to fix our data and then we will start looking at it." When considering whether to use a BI tool to review their data, they respond by saying: "Our data is garbage. I have seen so often that business people have given up on their data. The weaker teams don't do this and ultimately stay weak. They use the mistakes and weak-points as opportunities to learn and grow. A great team studies a match they lost afterwards to learn and adapt their strategy into the future. Your business' data is not garbage.It may be flat or riddled with errors, but that makes it the perfect learning platform. ![]()
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