Beyond the numbers | using analytics to enhance reporting, improve your business performance and drive strategy.
How can you learn more from your business analytics?
In business, you are faced with the constant challenge of managing and allocating limited resources. Deciding where to allocate these resources to generate the greatest impact on your business is the key to designing, implementing and monitoring a successful strategy.
You may be familiar with the 80/20 Principle asserts that 80% of results will come from just 20% of actions.
In practice, this can mean that:
20% of your time creates 80% of your results;
20% of your products/services generate 80% of your profit; or
20% of your customers generate 80% of your revenue.
Essentially, the 80/20 Principle gives you great insight into what is happening in the world around you.
We understand that many businesses are struggling with access to quality and timely information not just about overall business performance, but about performance by project, employee, division, client groups and types of products/services provided to the market.
80/20 analysisis a systemic, quantitative method of comparing causes and effects. This is where we can provide you with insights to your businesses via analytical data, which highlights key information on your true business performance.
80/20 thinkingis a broader more intuitive process, comprising models and habits that enable us to hypothesise, to identify those causes, and to make sharp improvements by re-deploying your resources accordingly.
In summary, the application of the 80/20 Principle is that output can be not just increased, but multiplied.
Successful businesses can't afford to be reactive or complacent in these times of constant change and uncertainty. The key to a successful proactively managed business is access to quality, timely and easy to understand information. As the saying goes,"Information is Power"and our analytics specialists can help transform your information into beautiful timely reports that help you make better decisions in your business and drive your overall strategy.
Our focus is on looking at your business differently to help you to understand the key drivers of revenue and profit through our business insights.
Step one is to start with a critical look at your business and what success means to you. Whether your goal is to grow your business, spend more time with your family, improve your business efficiency or deliver quality products and services-insights can help you define your strategy and monitor your progress.
After defining your business goals, we can design reports and dashboards giving you insightful business intelligence.
The key is to then use this information to drive your business strategy around:
Rewarding and incentivising key staff,
Driving accountability within teams,
Identifying and retaining key customers,
Targeting new customers, projects and markets,
Allocating staff to projects and customers,
Re-allocating resources from unproductive to productive uses,
Addressing those resources that add very little to customer value that should either be abandoned or cut back.
OurBusiness Insightsoffering includes the following key services:
Conversion of complex data from multiple sources including spreadsheets, accounting software and other software packages into simple, comprehensive reports (by adopting the 80/20 Principle);
Preparation of reports and dashboards on a monthly, quarterly or annual basis;
Timely report generation to ensure you can respond quickly to changes and address any threats or opportunities promptly;
Customisation of reports to track the key variables and KPIs applicable to your business strategy;
Downloading reports that compare actual results to budgets as well as industry benchmarks to encourage constant improvement and accountability;
Interactive reports are viewable on any PC, tablet or smartphone which allow you to drill down on key data from a high "macro-level" to a detailed "micro-level";
Incorporation of background tables and charts which allow you to hover over key reports to see the detail behind;
Sharing of security-enabled reports with key staff members led to ensure staff see only what you want them to see;
Setup of email alerts to relevant employees when KPIs are below targets to drive accountability within teams;
Proactive support and advice from your Brentnalls SA team advisor including attendance at strategic meetings; and
Facilitating strategic planning meetings, resulting in developing key strategies to grow your business and increase profits.