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Leveraging Dashboards for Enhanced Decision-Making in Higher Education

Leveraging Dashboards for Enhanced Decision-Making in Higher Education

In today's fast-paced higher education landscape, staying ahead requires more than just traditional approaches to data management. Dashboards have emerged as a powerful tool for IT professionals in higher education, offering a myriad of benefits that drive institutional effectiveness and student success. Let's delve into the key advantages of incorporating dashboards into your institution's strategy:

Data Visualization: Dashboards provide a visually intuitive representation of complex data sets, empowering administrators, faculty, and staff to grasp trends and patterns at a glance. This visual clarity enables informed decision-making and facilitates data-driven strategies.

Performance Monitoring: By tracking key performance indicators (KPIs) such as enrollment rates, graduation rates, and student retention, dashboards offer real-time insights into institutional performance. Identifying areas for improvement becomes seamless, allowing for proactive adjustments to enhance overall effectiveness.

Real-Time Information: With dashboards, stakeholders gain access to up-to-date information on student enrollment, admissions, financial aid, and more. This real-time visibility enables swift responses to emerging issues, fostering agility and adaptability within the institution.

Enhanced Collaboration: Dashboards serve as a centralized platform for sharing data across departments, promoting collaboration and communication among different stakeholders. This collaborative environment fosters synergy, leading to more cohesive decision-making and coordinated efforts.

Improved Student Success: By monitoring students' progress and identifying at-risk individuals, dashboards facilitate targeted interventions to support student success. Whether it's academic assistance or personalized guidance, institutions can proactively address challenges and promote student retention.

Resource Allocation: Dashboards offer insights into resource utilization, empowering institutions to optimize the allocation of financial and human resources. This ensures efficient resource management, ultimately enhancing the student experience and institutional effectiveness.

Compliance and Accountability: Dashboards play a crucial role in tracking compliance with regulations and accreditation standards, providing evidence of adherence when needed. This ensures accountability and instills confidence in stakeholders regarding institutional integrity.

In conclusion, dashboards are indispensable tools for IT professionals in higher education, driving informed decision-making, institutional effectiveness, and student success. Embracing this technology equips institutions with the agility and insight needed to navigate the complexities of modern academia successfully.

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Driving Profitability: The Power of Business Intelligence in Manufacturing and Distribution 

In the landscape of manufacturing and distribution, staying ahead of the competition demands strategic decision-making backed by actionable insights. Let’s explore how implementing a Business Intelligence (BI) solution can significantly benefit your company not only by enhancing operations but also by boosting profitability through accurate and timely data. 

The Profit-Boosting Benefits of Business Intelligence: 

  • Operational Efficiency and Cost Savings: Efficiency is synonymous with profitability. BI solutions streamline operations by identifying inefficiencies, reducing waste, optimizing resource allocation, ensuring quality control, and organizing timelines. Whether it’s identifying cost-effective suppliers, minimizing production bottlenecks, or improving shipping logistics, the result is a leaner and more cost-effective operation.
  • Demand Forecasting and Inventory Management: Accurate demand forecasting is a game-changer for manufacturing and distribution companies. BI tools analyze historical data and market trends to anticipate demand accurately. This, coupled with optimized inventory management, ensures that businesses meet customer demands without overstocking or understocking, ultimately saving costs and increasing revenue.
  • Enhanced Sales and Marketing Strategies: Business Intelligence empowers sales and marketing teams with actionable insights into customer behavior, preferences, and market trends. By tailoring marketing strategies based on data-driven insights, companies can attract and retain customers more effectively, resulting in increased sales and revenue.
  • Improved Customer Satisfaction and Loyalty: Satisfied customers are more likely to become loyal patrons. BI tools enable manufacturing and distribution companies to understand customer preferences, track satisfaction levels, and address issues promptly. This personalized approach not only enhances customer experience but also fosters long-term relationships, contributing to sustained revenue growth. 
  • Strategic Partnerships and Negotiations: Armed with comprehensive data on supplier performance, market trends, and internal operations, manufacturing and distribution companies can negotiate better deals with suppliers. This strategic approach to partnerships ensures favorable terms, reducing costs and positively impacting the company’s financial health.  

Implementing a Business Intelligence solution is not just an investment in technology; it’s an investment in profitability for manufacturing and distribution companies. The ability to harness data for strategic decision-making, operational efficiency, and customer satisfaction directly translates into increased revenue and sustained growth. Embracing BI is a strategic move towards a more profitable future. 

Learn more about driving profitability here: https://entrinsik.com/informer/manufacturing/

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Telling the Story in Higher Education with Data Visualization

Data visualization is a game-changer for administrators in the Higher Education sector. It offers a compelling and concise way to convey critical insights and information. In this article, we’ll explore how data visuals can effectively tell a story and why they are indispensable tools for managing complex data in higher education environments.

Highlighting Trends and Patterns:

In the world of higher education, staying on top of trends and patterns is essential. Data visuals, such as line graphs, bar charts, and scatter plots, can uncover hidden insights that might go unnoticed in raw data. IT administrators can use these visuals to track the growth of network usage, identify potential cybersecurity threats, or spot trends in student enrollment.

Providing Context and Comparison:

For IT administrators responsible for managing diverse datasets, context is key. Data visuals offer a means to compare different datasets and showcase historical data trends. By presenting data side-by-side or overlaying multiple lines on a graph, administrators can better understand the significance of data points in relation to each other. This can be invaluable when assessing the impact of technological upgrades or budget allocation.

Engaging Through Storytelling:

Interactive dashboards are a powerful tool for higher education IT administrators. These dashboards, enriched with data visualization, can create compelling narratives that help administrators make informed decisions. For example, they can explore data on student engagement, track the performance of e-learning platforms, or monitor the effectiveness of IT infrastructure upgrades.

Presenting Data Intuitively:

In the world of data, clarity is paramount. Well-designed data visuals ensure that complex information is presented intuitively, making it easier for administrators to grasp key insights. Using appropriate colors, shapes, and visual cues, data visuals guide administrators’ attention to critical points, facilitating better data comprehension.

Facilitating Data Exploration:

Higher education administrators often need to dig deeper into complex datasets. Interactive data visualizations equipped with filters, sliders, and drill-down capabilities enable them to explore data at their own pace. Whether it’s analyzing network traffic patterns, system performance, or user behavior, data visuals empower administrators to uncover valuable insights.

Simplifying Complex Information:

Managing data in higher education involves dealing with a wealth of intricate data. Data visuals simplify this complexity by breaking it down into digestible components. Whether it’s presenting analytics on classroom technology usage or optimizing resource allocation, data visuals help administrators make sense of intricate data with ease.

Data visualization is a must-have tool in the toolkit of higher education administrators. By harnessing the power of data visuals, they can make data more accessible, engaging, and memorable. These visuals simplify complexity, unlock insights, and empower administrators to make informed decisions that drive positive outcomes in the ever-evolving landscape of higher education.

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Predictions for 2024: The Future of Higher Education

In higher education, a confluence of technological advancements, pedagogical shifts, and societal changes continues to reshape the landscape. Drawing insights from the data of the past year, we can discern the emerging trends that are poised to define the trajectory of higher education in 2024. From innovative technologies to teaching methodologies, here is a forward-looking analysis of what the future holds for higher education.

Individualized Learning Pathways and Adaptive Technologies

Higher education institutions are at the forefront of embracing data-driven approaches to personalize the learning experience. In 2024, we anticipate a surge in the integration of adaptive learning technologies that harness artificial intelligence and machine learning algorithms. These tools will enable universities to tailor educational content to individual student needs, fostering a more nuanced and personalized educational journey.

Expansion of Hybrid and Online Learning Models

The transformative impact of the pandemic has accelerated the adoption of hybrid and online learning models in higher education. In 2024, we expect these models to become more sophisticated and pervasive, offering students greater flexibility in how they engage with academic content. Universities will invest in robust online platforms, ensuring that the virtual component complements traditional classroom experiences, creating a harmonious and flexible learning environment.

Immersive Technologies: Virtual and Augmented Reality in Higher Ed

The incorporation of immersive technologies, such as virtual reality (VR) and augmented reality (AR), is poised to revolutionize higher education. In 2024, these technologies will move beyond experimental phases, finding applications in fields such as medicine, engineering, and the arts. Virtual laboratories, simulated real-world scenarios, and interactive experiences will enhance the depth and practicality of learning, offering students a more enriched educational journey.

Elevated Focus on Graduate Employability and Practical Skills

Higher education institutions will increasingly prioritize the development of practical skills and industry-relevant competencies. In response to the evolving job market, universities will collaborate with industries to design curricula that not only impart academic knowledge but also cultivate the soft skills and practical acumen demanded by employers. Graduates in 2024 can expect to emerge as well-rounded professionals ready to navigate the complexities of their respective fields.

Rise of Micro-Credentials and Lifelong Learning Initiatives

The demand for continuous learning and upskilling will drive the prominence of micro-credentials and lifelong learning initiatives in higher education. In 2024, universities will offer modular courses and specialized programs to cater to the diverse needs of learners seeking targeted skill development. This shift towards more flexible and accessible education pathways will empower individuals to pursue ongoing education throughout their careers.

As we approach 2024, the higher education landscape is poised for transformative change. From personalized learning pathways to the integration of immersive technologies, institutions are adapting to the evolving needs of students and the demands of a rapidly changing world. By embracing these trends, higher education can continue to serve as a beacon of innovation and empowerment, preparing students for the challenges and opportunities that lie ahead.

Learn more about Informer’s solutions for Higher Education here: https://entrinsik.com/informer/education/

 

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Self-Service Business Intelligence in Higher Education

Self-service business intelligence (BI) is increasingly being adopted in higher education institutions to empower staff, faculty, and administrators with data-driven decision-making capabilities.

Self-service BI enables individuals with different levels of technical knowledge to independently access, analyze, and visualize data without heavy reliance on IT or data analysts. This empowers users to efficiently explore data, generate reports, and extract valuable insights.

Benefits of self-service BI in higher education:

  1. Enhanced decision-making: Self-service BI enables users to perform data analysis without having to wait for IT to respond to their requests. This facilitates faster decision-making processes, helping administrators address challenges and opportunities promptly.
  2. Improved operational efficiencies: Self-service BI allows users to automate and streamline tasks like data cleaning, transformation, and visualization. This reduces the time spent on manual data manipulation and enables staff to focus on higher-value activities.
  3. Increased data accessibility: Self-service BI tools typically have intuitive user interfaces, making it easier for non-technical users to access and analyze data. This ensures that data is not limited to a few specialized individuals and can be utilized by a broader range of stakeholders across departments.
  4. By utilizing self-service BI tools, faculty and instructors can gain the power to track and analyze student performance data, identify patterns, and employ data-driven interventions to enhance teaching and learning outcomes. For instance, through dashboards, faculty can monitor student attendance, grades, and engagement levels, enabling them to identify students who may be at risk and offer timely assistance.
  5. Enhanced student success initiatives: Self-service BI can support student success initiatives by allowing administrators to analyze and visualize data related to student demographics, retention rates, and academic performance. The information gathered can be used to shape focused interventions and assistance programs to enhance student achievements.
  6. Improved financial management: By utilizing self-service BI, departments can effectively monitor and analyze financial data such as budgets, expenses, and sources of income. This empowers departments to pinpoint opportunities for reducing costs, adjust the allocation of resources, and confidently make financial decisions supported by reliable data.
  7. Institutional research and planning: Self-service BI tools can give staff the ability to access and analyze large datasets. This can support strategic planning, benchmarking, accreditation reporting, and other data-intensive activities.

There are difficulties related to the implementation of self-service BI in higher education. These challenges involve guaranteeing data quality and security, offering adequate user training and support, and effectively managing data governance to preserve consistency and dependability.

Overall, self-service BI in higher education holds great potential for empowering users to leverage data in their day-to-day decision-making processes thereby resulting in enhanced operational efficiencies and better student outcomes.

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Maximizing Profitability with Business Intelligence and Data Analytics in your Insurance Agency 

In the fast-paced and competitive insurance industry, staying ahead of the curve is crucial for success.  

Insurance agencies must constantly analyze and interpret vast amounts of data to make informed decisions and provide the best service possible to their clients. This is where business intelligence (BI) and data analytics software are pivotal. 

Business intelligence and data analytics software provide insurance agencies with the tools and capabilities to gather, analyze, and visualize complex data to gain valuable insights. These insights can help agencies identify growth opportunities, streamline their operations, and ultimately maximize profitability. 

Here are a few ways in which insurance agencies can leverage BI and data analytics software to drive profitability: 

  1. Enhancing Customer Segmentation and Targeting: By analyzing customer data, agencies can segment their customer base into different groups based on various attributes such as demographics, behavior, or purchasing patterns. This information can be used to personalize marketing messages and offers, resulting in higher conversion rates and stronger customer engagement. 
  1. Optimizing Pricing and Underwriting: BI and data analytics software allows insurance agencies to assess risk more accurately by analyzing historical data, market trends, and other external factors. This enables agencies to price their policies more competitively while still ensuring profitability. By using predictive models, insurance agencies can also identify potential risks and make informed decisions about underwriting policies, reducing the likelihood of costly claims. 
  1. Improving Claims Management: Claims processing is a critical aspect of any insurance agency’s operations. By utilizing BI and data analytics software, agencies can effectively analyze claims data to identify patterns and early warning signs of potentially fraudulent activities. Furthermore, data-driven insights can help agencies streamline the claims process, reducing the time taken for claims settlement and improving customer satisfaction. 
  1. Enhancing Operational Efficiency: BI and data analytics software provide agencies with real-time insights into their operational performance. By monitoring key performance indicators (KPIs) such as policy renewals, customer acquisition costs, and agent productivity, agencies can identify areas of improvement and take proactive measures to optimize efficiency. This can include automating repetitive tasks, streamlining workflows, or reallocating resources to areas with higher potential for profitability. 
  1. Forecasting and Planning: BI and data analytics software enable insurance agencies to leverage historical data, market trends, and predictive modeling to forecast future outcomes. By using these forecasting capabilities, agencies can anticipate changes in the market, identify new opportunities, and make data-driven decisions regarding resource allocation and product development. This helps insurance agencies stay agile and adapt quickly to evolving market dynamics. 
  1. Increasing Cross-Selling and Upselling Opportunities: By leveraging customer data and analytics, insurance agencies can identify cross-selling and upselling opportunities. For example, based on a customer’s buying history, agencies can recommend additional coverage options that align with their needs. This not only increases customer satisfaction but also maximizes revenue generation by tapping into the existing customer base. 

In conclusion, business intelligence and data analytics software have become indispensable tools for insurance agencies looking to maximize profitability. Embracing BI and data analytics software is no longer a luxury but a necessity for insurance agencies aiming to stay competitive and thrive in today’s data-driven marketplace.

For more information on our Informer BI solution, please click here to setup a meeting. 

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Unleashing the Power of Data Visualization: How Templates Enhance Informer 5

For years, Informer has worked to allow our Users to curate, manage, and display their data in a simplified, scalable application. The newest addition to Informer 5 is Templates. Templates represent a significant evolution in how our Users interact with and extract value from their data. With Templates at your disposal, the process of transforming raw data into visually appealing and tailored outputs becomes effortless. Whether your preference lies in the crisp precision of PDFs or the dynamic versatility of HTML, Templates empower you to craft pixel-perfect, customizable outputs that align perfectly with your unique requirements.

Between Templates and Jobs feature within Informer 5 a level of workflow automation that was previously unparalleled. Seamlessly create complex data-handling tasks with unmatched efficiency. As a User, you can focus on decision-making and creative insights, while the robust backbone of Informer 5 takes care of the rest. The ability to effortlessly curate, automate, and share your data-driven narratives now lies comfortably at your fingertips, courtesy of Informer 5’s pioneering technology.

Understanding Templates

Taking your data and sharing with in an easily understandable format is a common problem that many organizations face. In Informer 5, Templates solves this problem by allowing you to create a customizable PDF or HTML with your data.

Using the What You See Is What You Get (WYSIWYG) editor lets you create a Template without writing any code. The editor handles the HTML coding, so you can focus on the visual design, simplifying Template creation, and making it accessible to all Users, even those without technical skills. However, Users with knowledge of HTML and Nunjucks, a templating language that injects data into placeholders, can create Templates with precision code with the Code Editor.

Using Templates

With a few clicks, anyone can create an attractive layout and insert their data from any of their Datasets allowing anyone to easily understand whatever you wish to convey. Absolutely no coding experience is needed to create a Template. Anyone can create the perfect PDF or HTML page to display data, including mail merge letters, itemized invoices, calendars, and more. The possibilities are endless!

Benefits and Use Cases

Where the Templates feature really comes alive is when it is combined with Informer’s Jobs. Combining Templates and Jobs allows you to create visually striking and easy-to-understand outputs of your data that can be automatically updated and used in any Job including email and email burst, saving to a file system, and more! This interaction between Templates and Jobs allows you to streamline your workflow to get your data in the right place in a visually pleasing manner.

Streamline your workflows and save time with precision-designed Templates that leverage your data! All of this is available in Informer 5. We are continually working on ways to simplify your Templates experience including an upcoming AI assistant that can be used to create Template outlines in a few seconds.

Templates offer a wide spectrum of possibilities to convey data with clarity effectively. The interaction between Templates and Jobs introduces an unprecedented level of workflow automation, allowing Users to optimize their data-driven processes and deliver information in an appealing, digestible format.

Looking ahead, our commitment to enhancing the Templates experience remains unwavering. With the cutting-edge technology of Informer 5 at your disposal, you can seamlessly curate, automate, and disseminate data-driven narratives. This technology represents the future of data management, enabling users to wield data as a potent tool for informed decision-making and creative insights.

 

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Trends in the Title Insurance Agency from TLTA 2023: Embracing Technology and Streamlining Processes 

In today’s rapidly evolving real estate landscape, the title insurance industry is experiencing significant transformations. The TLTA 2023 conference held in San Antonio, Texas provided great insights into current trends. Traditionally known for its meticulous and time-consuming processes, the title industry is now embracing technology-driven solutions to enhance efficiency, accuracy, and customer experience. Here are some notable trends shaping the title insurance industry right now: 

  • Digitalization and Automation: The advent of digital platforms and advanced automation tools has revolutionized the way title insurance companies operate. Paper-based processes are being replaced by streamlined digital workflows, allowing for faster document processing, improved data accuracy, and reduced manual errors. Digital platforms also facilitate seamless collaboration between all parties involved in a real estate transaction, enhancing transparency and communication. 
  • Artificial Intelligence and Machine Learning: Artificial intelligence (AI) and machine learning (ML) algorithms are being employed to analyze vast amounts of data quickly and accurately. These technologies help identify potential risks and discrepancies in property records, improving underwriting processes. AI-powered chatbots and virtual assistants are also being utilized to provide real-time customer support, answer queries, and assist with policy-related inquiries. 
  • Cybersecurity and Data Privacy: With the digitization of sensitive information, cybersecurity, and data privacy have become paramount concerns for the title insurance industry. Companies are investing in robust cybersecurity measures to protect customer data, prevent data breaches, and ensure compliance with privacy regulations. Encryption, secure data storage, multi-factor authentication, and regular security audits are some of the practices being adopted to safeguard sensitive information. 
  • Enhanced Customer Experience: Customer-centricity is a growing focus in the title insurance industry. Companies are leveraging technology to offer user-friendly online portals and mobile applications, enabling clients to access their policy information, request services, and track progress conveniently. Automated notifications and updates throughout the title process keep clients informed, enhancing overall satisfaction.

The title insurance industry is embracing technology-driven advancements to streamline processes, enhance security, and improve customer experience. As the industry continues to evolve, it will be fascinating to see how these trends further transform the way title insurance is provided and experienced by stakeholders in the real estate ecosystem. 

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How Informer 5 Enhances Ellucian Student Systems

Background

Colleges and universities consist of multiple schools (Business, Law, Arts, Science, etc.), each having many departments with substantial reporting and data integration requirements. These departments include the Registrar’s Office, Institutional Research, Financial Aid, Academic areas, Student Accounts, Finance, Admissions, and HR.

Many of these institutions run their operations using Ellucian Colleague or Ellucian Banner ERP systems. These solutions provide functionality that includes:

  • Admissions, scholarships, and financial aid
  • Student information such as inquiries, applications, student addresses, prior schools attended, SAT scores, grades, GPA, majors & minors, hours completed, and graduation information
  • Information on all classes
  • Accounting and finances, fixed assets, A/R, A/P, and vendor information
  • HR and payroll
  • Alumni information.

Reporting Challenges with Colleague and Banner

The file systems within these ERP solutions are known to have significant complexity. For example, Colleague is built on a UniData MultiValue database, which operates differently than SQL. It has complexity associated with the database schema, file structures, mappings, and more. As a result, institutions hire IT specialists to create standard and custom reports. Users still might not get the correct data in their reports because it’s possible to find 6 or 7 very similar field names. IT must also be involved if reporting and data integration needs to be changed.

Without having a user-friendly point and click interface in Colleague, analyzing data is often challenging for end-users, especially when the data is continuously changing.

Institutional leaders also face decision making challenges caused by the lack of standardized reporting between different schools and departments. What’s required is a reporting and data integration system that provides:

  • A single source of truth for data across the institution
  • Standard selection criteria for reporting
  • Consistent reporting formats.

Due to the challenges mentioned above, administrators often resort to using multiple manual processes. Many times, administrators create reports manually because data is in different systems or they don’t have access to the data. For example, some administrators print all the transcripts to identify and report on who is graduating, which takes much time. Not only does this significantly increase the length of time to create reports, but it also increases the likelihood of errors. They can do this in 5 minutes with Informer 5.

Creating a Self-Service Knowledge Center with Informer 5

Informer 5 makes it quick and efficient for people to access real-time data to perform analysis and produce reports and visuals that users can interact with by grouping, sorting, filtering, and more, despite these ERP systems having a tremendous number of data fields and complicated schema. Informer 5’s functionality and ease of use are also the top benefits that institutions appreciate.

Institutions quickly transition from being a heavily IT-dependent reporting environment to a self-service knowledge center with Informer 5. Management and staff find the new reporting and data integration capability a significant game-changer. They create reports, run them when they want, and share them securely with everyone soon after Informer 5 implementation.

People also find it much easier to share reports with their colleagues thanks to Informer 5’s ability to embed dashboards containing exceptional visuals. Many schools use dashboards for reporting because users find them convenient for getting all the information they need on one screen.

Automating Reporting Workflows with Informer 5

Informer 5 is an indispensable tool for departments to schedule their day-to-day work. For example, schools use Informer Reports to identify students who have their enrollment information either ready to be packaged for review or highlighted if the information is still missing. Reminders are then automatically sent to the students.

Informer 5 also makes it easy to merge criteria for reporting. For example, administrators at some institutions spend multiple days manually gathering data from different systems to create a report that identifies honors and probation students and drafting individual letters to those students. Informer 5 removes that complexity by automating the process. Users complete this process within a day by selecting the criteria for merging data, downloading the information into Excel, and then using the data with Word and Mail Merge.

Institutions also use Informer 5 to support their quality control initiatives by keeping departments informed if something out of the ordinary happens. For example, users can schedule Reports that say, “give me the students when certain information doesn’t match or where the social security number is missing.” Managers can also have a Report that isolates specific records that need to be reviewed instead of reviewing all the data.

Informer 5 Provides a Single Source of Truth

Colleges and universities often choose 3rd party applications to augment some of Colleague or Banner’s functionality, including:

  • Salesforce for contact management
  • ADP for payroll
  • Workday for HR/payroll
  • Slate CRM for Admissions recruitment
  • Raiser’s Edge for fundraising.

Information contained within these different systems creates the need for a single source of truth for reporting. With Informer 5, users no longer need to run separate reports in each application and then combine the output manually. Informer 5’s Datasets automatically blend this disparate data to create a centralized, curated data hub for analysis and reporting.

Informer 5 facilitates effective data governance by providing cleansed and standardized data that users can access to create their reports, such as pivot tables and charts.

Lastly, Informer 5 also supports an institution’s security initiative. For example, IT can lock down users with criteria that determines who gets access to what and when, and how much of it they get. IT also maintains control by authorizing users to access, generate, and share reports with confidence.

Summary

Some colleges still lack adequate and efficient reporting tools. Consequently, people who need information are dependent on IT and may wait many days, or even weeks, for reports. Alternatively, the ability to retrieve data from multiple sources, transform it and create a self-service reporting and analysis environment for end-users results in timelier, data-driven decisions.

Colleges and universities throughout North America have found Informer 5 to be the ideal business intelligence solution. Integrating data from Colleague and other systems to create a centralized data hub — one that is curated and secure for reliable analysis and reporting — is invaluable for not only management decision making, but also employee morale and productivity.

Learn More

To learn more about Informer 5’s many capabilities, please call 888-703-0016, or contact informersales@entrinsik.com.

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