Using the Annotation tool to be thorough and specific
Managing and analyzing your budget can be a difficult process that involves a lot of backtracking and research. You might have good projections of numbers, but sometimes the data doesn’t make much sense, and sometimes you’ll be left wondering exactly what happened. That’s why ChainDrive decided to add a tool that can help you record relevant information in your budgeting module from day to day. The Retail Budgeting component’s Annotation tool allows you to add information right into the database that will come up just when you need it.
Let’s say that there’s an accident one day, and some products are damaged. This can result in a lower stock, which means less sales, and less overall revenue. But if you don’t remember to record this, then you might just have a day that looks like an anomaly in your overall analysis of your retail history. But now you can use the Annotation feature to record detailed information on daily events or significant occurrences when they happen, right away.
The benefits are numerous. A more detailed report means a better analysis of your spending and income, which will lead you to more educated business decisions. Keeping track of daily occurrences will also help you manage your workforce and analyze things that need to change around the workplace. If mistakes keep happening, then you have to pinpoint the cause. Finally, the integration of this tool means that you won’t have to tab through multiple programs or spreadsheets to find the relevant notes on your data. It’s all right there.
Keeping good notes is a habit we’ve been taught since we were young – now you can do it right there in the console with no hassle at all.