We ask the question, "Can your information systems and processes deliver analytical information in a timely, and consistent way; with the breadth and depth of true information, as opposed to just data?"
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Analyze the Present
In Finaro's Business Intelligence Quotient (BIQ) evaluation, our DTI team will assess your existing analytic systems and processes. The BIQ focuses on your existing processes for providing your decision makers with information and evaluates them against five metrics:
- Timeliness Is the information produced when needed and on a regular announced schedule?
- Accuracy Is the information accurate such that time is spent utilizing the information rather questioning the data?
- Consistency Is the information produced in a consistent manner, such that the information can be utilized to provide trending analysis?
- Breadth Is information available for the entirety of the enterprise?
- Depth Is the information available at a sufficient level of detail necessary to answer the next logical question?
At Finaro, we want all data converted in such a way that all managers can rely on the information and focused, synergistic plans can be made that favorably affect the success of the enterprise.
The culmination of the process is the review of the BIQ report and our recommendations to improve your company's ability to deliver analytical information.
Metrics for Success
At Finaro, we believe many companies focus too much attention on financial metrics to their own detriment. Our "Metrics for Success" service is designed to help companies, who have properly analyzed their data gathering and allowed for a frank BIQ assessment, increase the success of information while limiting the number of metrics used by getting at the actions behind your profitability.
The "Metrics for Success" process is straightforward:
- Our DTI team will work with your managers in finance, marketing, operations and human resources to understand the day to day actions that lead to poor, average and exceptional performance.
- We will then work with your technology professionals to understand what data is captured about these actions.
- Finally, we will bring these two knowledge points together to develop the metrics that drive your profitability.
The goal of the "Metrics for Success" process is limited number of metrics that will focus your managers' attention on how their actions lead to bottom line profitability.
Build for the Future
Based on the results of the BIQ assessment, Finaro will help you build the analytical information systems necessary to improve the company's internal intelligence.
Technology today has progressed so that there are a range of alternatives that can be put in the hands of finance, marketing, human resources and operations professionals helping those tasked with driving the enterprise's profitability more efficiently and effectively perform their job.
It is our job to match that new technology to your systems so managers can more accurately understand trends and prescribe actions. Finaro's methodology includes the development of data mart(s), which will provide the consistency of data that is paramount in providing meaningful statistics through time. Finaro will also make sure data is structured at a level of detail necessary to allow for comparison across data sources.
After the BIQ analysis and depending on the current state of your company's analytical assets, our DTI team will build the necessary data mart(s) to extend the firm's analytical capabilities. Our design will focus on allowing the company to develop true analysis, making transparent for all managers the information they need to focus on the driving factors that effect their area of responsibility and their contribution to the company's goals.
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