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Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.
AI and fraud risk management in financial processes: Rethinking internal controls
Learn how stronger internal controls, AI governance, continuous monitoring, and fraud risk management help organizations prevent, detect, and respond to emerging threats.
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In this week's Growth Spurt, Dr. Drew Brannon takes us inside the Presidents Cup, breaking down the unique formats, traditions, and team dynamics that make the event so compelling.
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Learn the five drivers of construction enterprise value and how owners can increase valuation, reduce risk, and prepare for succession or sale.
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Management asked Elliott Davis: “We are spending too much time manually entering data vs. completing the analysis we need to identify our financial results. Can you help us build a dashboard reporting tool?”
Context
Software developer that provides solutions to optimize prescription healthcare
Goal: Maximize patient engagement with their healthcare
Over 750 employees
Issue:
Manual, monthly financial data entry
Timeline: One week to complete entries
File contains multiple circular references and dependencies that added unnecessary time and complexity to month-end closing process
Our Approach
Experienced Microsoft™ Power BI® and automation consultants created a dashboard report with financial statements, key performance indicators (KPIs), and executive level dashboards.
The approach included:
Collaborated with the Director of Financial Planning and Analysis to build a structured MS Excel® file that met data management and automation requirements
Created dashboards for high-level, immediate review in areas of executive concern
Developed interactive dashboards that track and slice through data to offer insights to operations in financial and personnel KPIs
Customer Impact
Standardized report visuals enable quick Power BI refreshes saving time to focus on analysis of the numbers/results
Decreased report creation time from multiple weeks to less than one week
Increased report creation abilities
Provided stakeholders actionable insights to areas of concern and allow management to constantly overview performance
We Can Help
For more information on how Elliott Davis can assist you and your business, contact a member of our team.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
