In today’s competitive business environment, speed-to-market and optimized supply chains are critical to your success. Data analytics can be used to aggregate information from across the enterprise to streamline business processes and provide leaders with information to make data-driven decisions.
CaseWare IDEA® provides a user-friendly, comprehensive solution to help measure the performance of enterprise functions that lead to new opportunities and fuel sustainable growth.
Value of Data Analytics for Operations
Consolidate data to assess controls across departments and business processes
Staying competitive requires continual improvements to optimize operations, reduce risks, control costs and boost profit margins. Professionals are leveraging data analytics to increase performance by turning raw data into meaningful insights.
Bring data from different systems, programs, operations, and suppliers into a single platform
Combine databases and analyze millions of records in seconds to increase efficiency
Improve data quality by detecting exact and fuzzy duplicates, gaps in process numbers, etc.
Analyze data across the enterprise including cost controls, inventory tracking, delivery time improvements, etc. to identify areas for improvement and establish best practices
Automate and optimize virtually any process to streamline workflows and increase efficiency
Use data visualization and custom dashboards to quickly see trends, risks and cost-saving opportunities – including historical data that can be used for forecasting
Monitor critical processes including pricing, delivery, payments, and vendor and supplier relationships
Generate sales and profitability reports by sales representative, product, territory, etc.
Recap product sales by region, customer, category, etc.
Analyze sales trends by comparing current and previous periods
Identify top dollar volumes by products, customers, sales reps, etc.
Compare current sales to open receivables
Analyze variances in sales and summarize trends numerically or graphically
Purchase Order Management
Report on purchasing performance by location
Identify pricing and receipt quantity variations by vendor and purchase order
Identify duplicate purchase orders and receipts without purchase orders
Reconcile receipts by comparing accrued payables to received items
Compare vendor performance by summarizing item delivery and quality
Salaries & Payroll
Identify changes in exemptions, gross pay, hourly rates, salary amounts, over time, etc.
Compare and summarize costs for special pay, overtime, premium, etc.
Compare time entries to pay and payroll to indicate variances
Summary payroll distribution for reconciliation to the general ledger
Report activity on records for new or terminated employees
Identify potential conflict of interest by comparing employee tax identification numbers, phone, and addresses to vendor information
Take a proactive approach in identifying employee theft by executing trend analysis, searching for anomalies and uncovering illegal activity