10 Best Decision Support Software

Businesses often run the risk of finding themselves in a soup due to a situation they could not foresee. While it’s a common occurrence with almost any business, today we have data powered tools which can help reduce these risks up to a great extent. These tools are known as Decision Support Systems or Decision Support Software.

A Decision Support Software manages your risks by performing a set of operations on your key business numbers, and determines the high risk and low risk areas. It makes its way through stacks and stacks of data and helps you make sense of it. DSS often comes with advanced data visualization abilities that you can leverage to get a smarter perspective of your business,  identify issues in real time and solve them.

Here are some of the best DSS available today.

1. Orderhive

About the Software:

Orderhive is an all in one, versatile software that offers core business solutions like Automation, Warehouse Management, Order Management, Invoicing and Payments, etc. The tool gives businesses an eagle eye perspective of their day to day operations and enables them to make smarter, data-driven  decisions, thanks to the software’s robust analytics and reporting capabilities.

 

Other Details

Country: India

Free Demo Available: Yes

Platform: Web based, Android, iOS

 

Ratings:

Capterra: 4.5/5

Goodfirms: 4/5

G2Business: 3.7/5

 

Features:

  • eCommerce Automation
  • Integrations with a wide range of 3rd party software
  • Warehouse management
  • Order Fulfillment
  • Inventory management
  • Shipping Management
  • API Integrations

2. Riskturn

About the Software:

Riskturn is a simple, yet powerful financial forecasting tool which uses financial and time variables to determine the future cash flow of the company. The tool has a user friendly interface that creates a probabilistic forecast in merely 5 steps and throws up a wide range of fiscal indicators by running a Monte Carlo simulation on the data.

 

Other Details

Country: USA

Free Demo Available: Yes

Platform: Desktop Application, Web based

 

Ratings:

Capterra: 4.5/5

Goodfirms: NA

G2Business: NA

 

Features:

  • Data Analysis
  • Monte Carlo simulation
  • Forecasting
  • Version Control
  • Sensitivity Analysis

3. Spider Impact

About the Software:

Spider Impact is yet another powerful decision support tool that takes care of your KPI and performance management requirements. It comes with a wide range of features like project management, data analysis and reporting, data visualization, etc. 

 

Other Details

Country: USA

Free Demo Available: Yes

Platform: Desktop Application, Web

 

Ratings:

Capterra: 4.4/5

Goodfirms: NA

G2Business: NA

 

Features:

  • Analysis and Reporting
  • Powerful Dashboard
  • Quantitative Analysis
  • KPI Monitoring
  • Planning and Budgeting

4. Qlik Sense

About the Software:

Qlik Sense is an extremely advanced, AI powered decision support platform which is a benchmark for all the 3rd generation analytics tools. It helps all the employees across the organisation make sound and data driven decisions by leveraging its AI based tools. What’s more? The tool comes with both- online and offline support, and is highly customizable to suit your business needs.

 

Other Details

Country: USA

Free Demo Available: Yes

Platform: Web, Windows Application

 

Ratings:

Capterra: 4.4/5

Goodfirms: 4/5

G2Business: 4.4/5

 

Features:

  • Data Storage
  • Compliance Management
  • Statistical Simulation
  • Association Discovery
  • Regression Analysis

5. Minitab

About the Software:

Minitab is a highly scalable data analytics tool which helps businesses of all the sizes and domains safely wade their way through financial troubles by identifying any present risks that are likely to blow up. The software comes with a powerful AI driven assistant that quite seamlessly becomes the users’ best friend in managing a wide range of data.

 

Other Details

Country: USA

Free Demo Available: Yes

Platform: Web, Desktop Application

 

Ratings:

Capterra: 4.4/5

Goodfirms: NA

G2Business: 4.5/5

 

Features:

  • Association Discovery
  • Forecasting
  • Regression Analysis
  • Statistical Process Control
  • Time Series

6. ibi

About the Software:

ibi is a data and analytics platform that helps its users make smarter decisions by leveraging the power of AI and automation. It consists of several domain specific integrations and modules which make it a very customizable and malleable tool. This enables businesses to get the best out of the software and increase their efficiency, create a wonderful customer experience and enhance their supply chains.

 

Other Details

Country: USA

Free Demo Available: Yes

Platform: iOS, Web, Desktop

 

Ratings:

Capterra: 4.5/5

Goodfirms: NA

G2Business: NA

 

Features:

  • Dashboard
  • KPI Management
  • Performance Metrics
  • Predictive Analytics
  • Profitability Analysis
  • Publishing Tools
  • Scorecards
  • Budgeting and Planning
  • Trend / Problem Identification
  • Visual Analytics

7. SAP Business Objects

About the Software:

SAP Business Objects is a tool that increases the efficiency of your business by connecting different arms of the organization and removing the silos. It consists of a wide range of data analytics operations that have their own unique utilities. It helps the users visualize their business in an integrated, holistic manner where they can explore the enormous amount of data that is available and make smart decisions based on it.

 

Other Details

Country: Germany

Free Demo Available: Yes

Platform: Web

 

Ratings:

Capterra: 4.2/5

Goodfirms: NA

G2Business: 3.8/5

 

Features:

  • Budget Management
  • Collaboration Tools
  • Cost-to-Completion Tracking
  • Gantt Charts
  • Milestone Tracking
  • Traditional Methodologies

8. Loomio

About the Software:

Loomio is a smart, effective tool that uses the power of collaboration and collective decision making. It enables groups to have discussions online and come to a consensus which is based on data and statistics.

 

Other Details

Country: New Zealand

Free Demo Available: Yes

Platform: Web

 

Ratings:

Capterra: 4.8/5

Goodfirms: NA

G2Business: 4.5/5

 

Features:

  • Brainstorming
  • Discussion Boards
  • Project Management
  • Access Controls/Permissions
  • Collaboration
  • Polls / Voting
  • Discussion Boards
  • Ideation

9. EIDOS

About the Software:

EIDOS is a functionality-rich, innovative software that helps the user visualize and predict future volatilities and uncertainties. It comes with almost unassailable forecasting capabilities that empower businesses to develop timely checks and balances that mitigate the risks.

 

Other Details

Country: Germany

Free Demo Available: Yes

Platform: Android, iOS, Desktop

 

Ratings:

Capterra: 4.9/5

Goodfirms: NA

G2Business: 5/5

 

Features:

  • Application Development
  • Data Analysis
  • Decision Tree Analysis
  • Rules-Based Workflow
  • Sensitivity Analysis
  • Thematic Mapping

10. Yonyx

About the Software:

Yonyx is a decision management software that creates consistency plans for businesses to follow, which helps them mitigate any risks that may arise due to lack of diligence or human mismanagement. With Yonyx, you can choose what insurance is right for your organization, identify the growing markets where the business leads are going to come from in the future, and do much more.

 

Other Details

Country: USA

Free Demo Available: Yes

Platform: Web

 

Ratings:

Capterra: NA

Goodfirms: NA

G2Business: 3.5/5

 

Features:

  • Linear & Non-linear knowledge
  • Feature rich yet compatible with all browsers
  • Cumulative Traversal Analytics
  • Decision tree driven guidance & enforcement
  • Mobile access for field technicians & sales
  • Integration with 3rd party CRM & home grown systems

11. Reference Links

Devansh Trivedi
WRITTEN BY

Devansh Trivedi

'There are no boring topics, only boring content. There also are no interesting topics, only interesting content' - is the gist of why I write. A politics buff and a music aficionado, passionate about all things tech. Perpetually adding places to his travel bucket list and checking them off- a trip at a time.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>