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Faster ways to develop financial reports with Business Intelligence (BI)

Without real-time, or near real-time reporting, Australian business leaders are making misguided critical business decisions.  A problem facing traditional, financial and general business reporting is the batch nature of the process. The data is collected, stored and then reports are run on that data at set intervals, such as “end of month reporting”.

IT can dramatically improve an organisation’s reporting processes with the deployment of business intelligence (BI) and data integration, which will result in more considered business decisions. Here are some ideas to improve your internal reporting processes with financial services and how IT can help:

  • SSD-based systems. A good place to start is to make sure you have the capability to run reports efficiently. Newer, SSD-based, server and storage systems are available with more processing and I/O performance.

  • Real-time data feeds. Instead of relying on batch reporting, you should trial reports which use real-time data feeds. This can usually be achieved with APIs and other integration components. This will give you a better idea of the capabilities of real-time reporting.

  • Leverage cloud. With so many on-premises and cloud-based application databases in use, looking at what reporting can be offloaded to third parties can be a quick win on the path to better reporting productivity. If security concerns around financial reporting are too high, consider partnering with a managed service provider to keep a closer eye on the data.

  • Big data. The rise of big data processing has paved the way for real-time business intelligence and predictive analytics. The productivity implications of big data are profound, as more timely information can reduce unnecessary manual processes, and uncover new market opportunities.

With more timely and accurate reporting using digital transformation, your organisation can free up more time to drive your business forward with conversations and decisions built on accurate and real-time information.

LET’S CREATE A PLAN THAT GIVEs YOU THE OUTCOME YOU NEED.

Register for an initial online discussion over Zoom, phone, or in person. And let’s find out where your business most needs our award-winning services and support.

By analysing your specific needs and priorities, we’ll give you a realistic and practical recommendation on what’s required to accelerate your modern architecture.

Our Senior Consultants will help you evaluate and understand your options, so you can make decisions that benefit both your business and your employees, while mitigating unnecessary risk.​

Combining Strategy, Transformation, Management and Optimisation, we identify and remove the obstacles to a successful outcome, before you even know they’re there.​

The session will cover:

Step 1: Recap and review

Together we’ll examine the steps you’ve already taken in adapting to COVID-19, and review the parameters for the architecture planning you’ll need in place going forward.

Step 2: Shape the
plan

Future-Planning for optimal performance, focusing on effective communication and collaboration, device lifecycle and configuration management and security.

Step 3: Identify your requirements

This is where we clearly identify the steps you need to have in place to develop your Strategic Technology Roadmap to create a Modern Dynamic Workplace. 

Step 4: Get the
report

You’ll receive a high-level report with our recommendations to accelerate your modern architecture, and the next steps for delivering your Strategic Technology Roadmap.

We’ll get you there. Faster.

With a high-level plan in place, you’ll have a clear understanding on the business case, benefits, and high-level budget considerations for your technology platform to accelerate your modern architecture. And you’ll be ready to leverage the Cloud to deliver the services and applications your teams need.

CASE STUDY

Find out what a great MSP relationship should be delivering.

How successful was your business transition to a remote workforce during the COVID crisis? Read how the National Breast Cancer Foundation was able to transition to a remote workforce environment almost overnight, and with 93% employee satisfaction.

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There’s nothing like a one in 100-year pandemic to test how your IT operations are performing and how prepared you are for change.