Practice
What we do to help
Insights
Implement innovative processes for cost insights and opportunities.
Optimization
Access and optimize the performance of your finance teams
Automation
Define an organizational culture focused on process & automation
Integration
Integration of data sources from other functions
Our Practice
- Nothing less than a transformation of the way finance handles and uses the data the organization generates.
- Such a transformation is heavily dependent on better use of technology and data strategy.
The Evolution of Finance Function
Most finance executives surveyed believe that the benefits outweigh the challenges when implementing cloud and big data solutions. These two key tools significantly enhance reporting and planning capabilities, leading to better insights and informed decision-making. Embracing modern technologies empowers finance departments to stay ahead in today’s rapidly changing business landscape. By adopting cloud and big data solutions, companies can unlock the potential for more efficient operations, accurate reporting, and strategic foresight, providing a competitive advantage in the market.
Benefits to Financial Transformation and Data Strategy
- Eliminating Low Value Services
- Using Transformation To Do More with Less
- Determining Where to Invest and Where to Cut
- Realizing that Hitting Cost Targets is Not a Strategy
- Identify where to Allocate future Resources based on Needs
- Leveraging financial information to drive costs down and negotiate better rates
What Business Problems we are trying to solve
Implications
Operational Dashboards
Strategic Dashboards
Analytical Dashboards
- Identify what is driving the need for a dashboard solution and to define the scope of the project.
- Data awareness and time sensitive data
- Top-line organizational KPIs
- Trends or deeper insights
Who will be using the dashboards
Implications
Operational Dashboards
Strategic Dashboards
Analytical Dashboards
- Design, features and required training will change based on the role of the dashboard user.
- Line of business managers; business users
- Executives; Directors
- Business analysts; data analysts; executives
What gaps exist in our performance
Implications
Operational Dashboards
Strategic Dashboards
Analytical Dashboards
- The identification of gaps can be used to develop a set of metrics that will be used as the basis for the development of the dashboard.
- Intra-daily performance
- Monthly, quarterly performance
- Performance issues, weekly performance
What are our goals
Implications
Operational Dashboards
Strategic Dashboards
Analytical Dashboards
- Before developing metrics it becomes important to identify what you hope to achieve by using dashboards as well as align those goals to the department’s or company’s overall strategy.
- Employee awareness and tracking against goals
- Strategic goals, such as achieving KPI targets
- Analytics goals, such as visibility into key process