While most matured companies carry out day to day financial analysis and reporting, most early stage & growth stage companies have limited resource allocation for analytics & insight mining to make a meaningful impact to their strategic decisions & growth.
Therefore, for such companies there is significant scope to use Analytics to help deliver greater insights into many aspects of the business and enable more effective decision making.
Create & Update reports
Analyze & Interpret Information
Interact with & Advise Business
Which customers / products are most profitable?
Are we investing in the right opportunities based on capital and / or revenue
What is our risk exposure with specific customers, and how does each customer relationship affect working capital?
What should be my pricing based on cost allocations?
Descriptive Analytics:
What's Happening?
Diagnostic Analytics:
Why is it Happening?
Predictive Analytics:
What is going to Happen?
Prescriptive Analytics:
What should Happen?