<Li> Local Databases, can be small, simplistic tools for managers and are considered to be a primal or base level version of a MIS . </Li> <P> The following are some of the benefits that can be attained using MIS: </P> <Ul> <Li> Companies are able to identify their strengths and weaknesses due to the presence of revenue reports, employees' performance record etc . Identifying these aspects can help a company improve its business processes and operations . </Li> <Li> Giving an overall picture of the company . </Li> <Li> Acting as a communication and planning tool . </Li> <Li> The availability of customer data and feedback can help the company to align its business processes according to the needs of its customers . The effective management of customer data can help the company to perform direct marketing and promotion activities . </Li> <Li> MIS can help a company gain a competitive advantage . </Li> <Li> MIS reports can help with decision - making as well as reduce downtime for actionable items . </Li> </Ul> <Li> Companies are able to identify their strengths and weaknesses due to the presence of revenue reports, employees' performance record etc . Identifying these aspects can help a company improve its business processes and operations . </Li>

What is the benefits of management information system
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