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Daily Profit Course – Sometimes it’s hard to motivate yourself to start using new tools – they feel unfamiliar, they seem complicated and don’t have time to learn it. However, it can also mean that you are missing out on a great product. Our report generator is not a new technical tool, but has recently been redesigned to help customers get up to speed and see the benefits of this report immediately. This is appreciated by many customers who have jumped at the chance to gain a better understanding of their sales figures.

If you are still not sure how to get started, here are a few tips. Read our blog to find out how to navigate reporting tools for information to help you make data-based business decisions.

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Report creators do exactly what the name suggests – it allows you to create multiple custom reports that are as long as months and years. That’s why it’s empty when you first log in because there are no reports for download yet.

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If you have made it far and explored the space, you will see something under the template – we have put some samples in your account where you can start benefiting immediately.

Try downloading a sample of the monthly payment type distribution report. Click Run Report, select a sample and duration (e.g. last month) and click the blue button.

The report will start generating immediately. Finally, you will be able to download reports with data on how your machine works in relation to various payment methods. This can help you know that if no cash is starting to run in cash and you should consider equipping more machines with cashless solutions like reader without communication.

Once you know these templates, you are ready to create your own. This way, whenever you need specific data, you can always go back to the report generator and download a new report.

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Most IoT and telemetry platforms have machines as the most important elements. While it makes perfect sense in most cases (for example, the machine may have a power problem or the Snickers bar may run out) when it comes to sales information, it is best to group the data by other parameters, such as tags. Location machine or customer. Using Report Builder is easy: When you create a new report, select “Total Data” as the report type, then choose how you want the data to be grouped – there are several options to choose from. You can even group sales data by site manager or just focus on product groups (marked by tags) to see if your customers like chocolate bars or if they like muesli bars for picking me up in the afternoon. .

With this information, it is easy to locate poorly performing locations, top customers, and least favored or preferred products when data is grouped by machines only.

The report generator is the perfect tool to view your sales data, not only the revenue generated by each product, but also your expenses and your actual revenue per sale.

To do so, make sure your account has the Expense function enabled (if you are editing any product under Products / Components, you should see the Expenses field there). If not, contact your dealer. Please note that we will start calculating your profit when you enter the product price, but it will not affect the historical data, so you may have to wait a while for the data to be collected.

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In Report Builder you can download the price and profit of any individual sale or view this information at the product level. To do this, select the summary report type, select the group by product name, and select the value you want to summarize, such as cost, revenue, and profit. Also include quantity – this way you will be able to quickly tell which products are low profit and which ones can still generate decent profits with low volume.

You can have KPIs that you want each machine to type, but looking at each date can give the wrong picture – sales can fluctuate for a variety of reasons. Calculating the average over a longer period of time makes it easier to determine if a machine is meeting its sales goals. Report from generator to rescue!

When you create a summary report and choose to group the data by week to year, you can choose to calculate the average – based on sales, revenue, expenses or profit. Here is an example: Select a month as a grouping period and mark the average calculation, then select the daily average. For the reporting period, please select the previous month. In the results file, you will get daily or average sales for the month. From there, compare it to the expected KPIs and act accordingly.

When you download reports from Report Builder you will notice that they look like normal Excel files – no confusion, no special headers or formatting applied. And for good reason: Thanks to the simple report format, these documents are great for further analysis or visualization of data. Integrate them into your ERP, use data help tables, and create charts to visualize your sales results. The advantage of this solution is that you can choose the date range, the report will be prepared as a background and available for you to download within seven days after completion. So you can easily view and analyze trends and make year-over-year comparisons.

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Start optimizing your coffee or sales business and increase your revenue today – contact us via grow @ or your local distributor.

LLC and the Latvian Investment Development Agency signed Agreement SKV-L-2017/63 on 7 February 2017 with the project “Enhancing International Competitiveness” co-financed by the European Development Fund.

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