Business Intelligence, Activity Based Costing, Process Management as Promising Tools for Profitable Business

In business today, only the profitable will survive. While companies may strive to ramp up sales, increase market share, or hit customer service targets there is no model to sustain a successful business without profits. Thought it sounds logical, many companies don’t strive for profitability, as the objective. It is often mortgaged, sometimes unwittingly, because management does not have a firm grasp on all cost factors. Hereby paper will prove how application of systems: Activity Based Costing (ABC), Business Intelligence (BI) and Process Management can increase profitability, reduce external and internal business risks and guarantee smooth business running. The main focus is business intelligence: how implement effectively BI systems on the basis of practical cases, what opportunities and advantages arise from their application as well as how successfully overcome challenges facing ERP systems thanks to integration with BI systems.