The Need for Better Financial Insights Financial leaders rely on real-time visibility into key performance indicators (KPIs) to drive decisions. When your systems have limitations in how you can visualize your data, your ability to make meaningful decisions is hindered....
Financial leaders rely on real-time visibility into key performance indicators (KPIs) to drive decisions. When your systems have limitations in how you can visualize your data, your ability to make meaningful decisions is hindered.
Beaver uses Financial Edge and found that their financial reports out of the box were not particularly useful to their decision makers and interested parties. The data presentations did not call attention to or flag important metrics unless transformed and manipulated, which was time consuming. To make the data more useful, finance team members had to extract data from the system into excel, inspect, cleanse, and then transform the data into actionable insights. This was consuming hours of their team members’ productivity time, keeping them from focusing on higher value work like strategic planning.
During an IT General Controls Assessment, AAFCPAs Partner Vassilis Kontoglis discussed these challenges with Beaver’s CFO, Joanne McDaniel. His team recommended a more efficient solution: automating data extraction and visualization with Power BI.
The new system pulls data from multiple sources, stores it in the cloud, and automatically generates meaningful dashboards. Human error and clerical issues were eliminated, and finance staff no longer spend time wrangling spreadsheets.
See How Beaver School Transformed Reporting: Better Decisions in Less Time, with Better Visualization!>>>
But most importantly, the new solution gives Beaver the power to efficiently interpret data and make meaningful business decisions in real time.
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