Imagine you have all the resources, budget, and employees to ensure that operations are efficient and your company’s goals are met. Despite all of this, nothing seems to be working properly. Poor metrics and inadequate use of company data still persist, and you appear to be experiencing revenue loss. 

Now, you’re probably wondering what exactly went wrong with your business and you’re unsure whether you should minimise or raise your investments. All you want is to resolve this issue as soon as possible so that everything you’ve worked for doesn’t go to waste. But where do you even begin to address this issue?

Improving a company’s operations starts with assessing how well it is being managed. And what better way to approach this than to introduce and employ BEST Analytix! This tailored digital solution guarantees that your company runs in compliance with industry standards and supports the pursuit of operational excellence. Let’s learn more about it in this article.

What is BEST Analytix, and how does it work?

BEST or Business Excellence Survey Test Analytix is a data analysis software that strengthens an organisation’s capacity to identify critical gaps by diagnosing management processes and improving resource-driven strategies.

It employs pre-defined questionnaires, which users must complete. From there, inputs are automatically processed and analysed. The data is then immediately given in a complete report, which includes information on your non-working or weak organisational functions as well as essential recommendations to bridge those gaps.

Four Core Business Functions That Best Analytix Evaluates

BEST Analytix measures four fundamental elements in an organisation:

1. Business Sustainability

Business Sustainability depicts the company’s overall performance, demonstrating how well it is positioned to arrange itself and build the elements required to assure clear growth and sustainable business operations. 

In BEST Analytix, it examines and ranks your company’s leadership practices, risk and operational strategies, and operational culture, providing you with insights into how effective your corporate resource management is.

2. Financial Management

Financial management defines the success of the organisation’s financial policies, ensuring that each department performs within its budget and in keeping with its goals. With BEST Analytix, it performs cost management and financial analysis to assess how effectively your company uses its financial resources, and it makes recommendations to better align the company’s financial situation with its goals and objectives.

3. Human Resource

From recruitment to employee engagement and communication, BEST Analytix examines how effective your human resource policies and management are in enabling employees to contribute effectively and productively to the company’s overall goals and objectives. It also helps develop more effective methods for maximising the potential of your employees while also supporting business goals.

4. Productivity Management

To ensure that an organisation is working efficiently and effectively, productivity management is the process. The method involves maximising the use of resources to achieve desired objectives and outcomes. When assessing your business’ productivity management, BEST Analytix quantifies the competency of your organisation’s practices and processes, as well as your customer experiences to improve business efficiency and enhance the desired products and services.

BEST Analytix’ Four Key Enablers to Evaluate Business Performance

In addition to the four business functions listed above, BEST Analytix uses four enablers from the Business Excellence Model, a framework for assessing a company’s level of performance based on established industry benchmarks, to evaluate performance and provide insights into the fundamental functions. These enablers are:

1. People: This criterion assesses how a corporation develops the knowledge and full potential of its workforce to fulfil its goals through deployment, nurturing, and training.

2. Documentation: This criterion examines how closely a company adheres to its goal and vision, as well as how these strategies are supported by relevant policies, plans, and objectives. This documentation acts as a road map for the organisation’s goals, and it determines whether a business is on the right track and if all employees are aware of the plan.

3. Technology: This criterion measures how well an organisation manages its resources and uses technology to support its successful operation.

4. Workflow Processes: This criterion evaluates the quality of how a company plans, manages, and executes its processes, as well as its products and services, while also examining how it satisfies and adds value to its customers and other stakeholders.

These essential enablers are analysed for each business function to find the underlying enablers that keep business functions running. The report also generates recommendations based on the enablers for each area’s immediate needs.

Advantages of BEST Analytix

BEST Analytix delivers a comprehensive perspective of how well your organisation is performing, allowing you to optimise your resource-driven initiatives and reach your goals more efficiently. Also, it provides you with an accurate and strategic analysis of your business operations in real time, enabling you to get a thorough look at your operations instantly and determine which areas of the organisation require interventions. Finally, when you identify which areas of your business require help, it gives recommendations on how to solve those issues and provides ways for making better use of your business assets.

Key Features of BEST Analytix

1. Responsive and Intuitive Platform Design

BEST Analytix is designed to be dynamic and accessible, allowing users to explore data analysis tools, surveys, and operational reports on the platform from a range of devices. It is also intuitive and easy-to-use, having a modern interface that allows users to explore the software effortlessly.

2. Real-time Monitoring

When you’re working remotely or having a business meeting somewhere, BEST Analytix provides real-time monitoring, allowing users to access company’s full data at any time and from any location.

3. Effective User Management

BEST Analytix allows business owners and administrators to assign and specify who gets access to the company’s data and answer the pre-defined questionnaires. This ensures that all users have software licences, which can be reclaimed once they are no longer in use. By enforcing strict access controls, data breaches and unauthorised access can be avoided.

4. Comprehensive Reporting and Analytics

Answering survey questions can be challenging, but BEST Analytix utilises pre-designed surveys with high-impact visuals to effectively quantify observable data and accomplish meaningful, real-time report analysis. Businesses can acquire a thorough insight of their company’s strengths and weaknesses through exhaustive reports and advanced analysis, helping them to better adjust and improve their business goals.

5. Practical Recommendation

Through an extensive evaluation and identification of operational gaps, BEST Analytix gives measurable feedback and automated proposals to improve performance and productivity. These guidelines outline how you can better use your resources and assets, as well as increase employee productivity, in order to reach your business goals and objectives. This can enable you to strategically expand your company and create a culture that values performance.

Who Can Use BEST Analytix?

BEST Analytix is most commonly implemented and managed by business owners, advisors, and government grant agencies as these individuals are the major drivers of how a company can move forward. They are in charge of formulating and managing a business plan, developing marketing campaigns, and devising strategies to keep the company competitive and profitable.

Ready to assess your business functions and achieve operational-excellence across your organisation? Schedule a demo today and witness BEST Analytix in action! For more information, visit BestAnalytix.com or email us at innovations@ssagroup.com.