Data Analytics Readiness Assessment
After gaining an understanding of your strategic priorities and where your company is on its data analytics journey, we provide and prioritize recommendations for how to proceed. Our recommendations draw upon our experience with industry best practices in finance and accounting analytics and aim to provide quick winds that deliver high ROI. Recommendations typically include:
- Opportunities for immediate DA application – where can we drive profitability right now?
- Options to train talent; driving efficiency inside the organization across departments and outside with clients and associates.
- Opportunities for organic revenue-generating DA offerings for accounting firms with their clients.
Training Your Resources
There is a large data skill gap in the market and companies lose time and money because of it. With training and 1:1 coaching, your teams learn new ways of working to close this gap. Companies who dedicate time and resources to develop data analytics skillsets in their people have realized tremendous gains in efficiency and profitability. When your team becomes experts, the student becomes the teacher and this value transfers across the organization as well as externally with your associates.
Inward focused business analytics and reporting
If companies are going to streamline repetitive processes and become more agile in their ongoing operations, they should be using best practices in their day-to-day activities. But who has time to learn new skills outside their hurried schedules? At Akseshen, we operate with an “inside-out” approach. When companies begin understanding data analytics, focused on solving reoccurring business problems, the learning curve is dramatically softened across the organization.
For example, when company revenue is properly segmented, many insights materialize, including production-driven strategic approach led by the right leaders and specialists. Whether it involves aligning several systems, cleansing or visualizing data, or simply ensuring subledgers are properly linked to the general ledger, we work to understand what your internal reporting challenges are and help you incorporate data analytics to solve them.
Not only do we typically uncover dramatic time savings (what use to take 5 hours now takes 5 minutes), but the analysis becomes more thorough and insights from the data naturally materialize. Plus, hands on learning is highly effective. You now have experience to draw from when providing for new efficiencies across the organization and outward towards your clients and associates.
Efficiency and automation
It’s been common for business teams to spend upwards of 75% of their time preparing data for analysis, not leaving much time for the analysis itself. We work to identify those procedures that are common to your daily/weekly/monthly repetitive processes and incorporate automation and data analytics where possible. As a result, your teams begin providing greater value to the company as they have more time to identify important business trends and hidden patterns in the data. Now they are directing a significantly greater effort towards providing important insights on business results.
When your situation calls for immediate action, we can step in and act as an outsourced data analytics provider for your firm. From evaluating systems acquisitions to supporting various internal operating departments looking to up their analytics game, we can help. The best part is that your team can work alongside us and receive training in real-time.