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for Solicitors. Business Intelligence Presentation 2013 With Working Sample Report Based on a Fictitious firm of solicitors focused mainly on Personal Injury Clients. Business Intelligence for Solicitors. Do accounts systems provide business intelligence reports?
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for Solicitors Business Intelligence Presentation 2013 With Working Sample Report Based on a Fictitious firm of solicitors focused mainly on Personal Injury Clients
Business Intelligence for Solicitors Do accounts systems provide business intelligence reports? Yes, but its only one of your sources of data. Specialist tools edit faster and join data from other sources allowing for greater range of KPI analysis 10 BI market leaders V’s 1000’s of accounts packages. Horses for Courses
Business Intelligence for Solicitors Main Roles of Accounts Systems Control Auto Checks and Balances Day to day & Basic Reporting Tax & Regulatory ADVANCED KPI REPORTING IS NOT A PRIORITY FOR YOUR ACCOUNTS PACKAGE
Business Intelligence for Solicitors Now Smaller Firms can use this technology Screenshot of typical software that was created to join tables Link To Key Identical fields allows successful Joins
Business Intelligence for Solicitors Large Corporates have lots of data to manage and need KPI reporting Human Resources Budget & Procurement Project Data Project Management Other Data Data Warehouse Public Information Executive Manager Program Manger Filed Staff Admin Staff
Business Intelligence for Solicitors Why do SQL Query tools primarily exist? Multinationals needed to join tables from a variety of systems to one report. Query tools designed to manage Corporate Datawarehouses are now available to SME’s to join their data without the need for warehousing EFFECT
Business Intelligence for Solicitors By joining data from different sources you have new options when creating reports So what are your critical success factors and can we now measure them?
Business Intelligence for Solicitors Reporting Issue Example within Accounts What does information from an accounts system data reports often look like? Notice the 006 the in the left hand column It is not a value on each line and this creates difficulty when crunching data as it forces you to read it rather than automate summaries Problem Overcome using SQL Query Tools
Business Intelligence for Solicitors RESULT = FRESH REPORTING & ANALYSIS USING LIVE REFRESH TEMPLATES
Business Intelligence for Solicitors Examples of Relevant KPIs might be easier to understand It might be easier if you go to the bottom of the video link at www.far.ie Look for this page link http://far.ie/video/ Click on the Reporting Sample icon and print out the report contained The following slides are excerpts from that report
Business Intelligence for Solicitors Objective As much summary high level information on one page as you dare. Combine it with easily referenced drill downs Business unit managers in large corporate concerns have benefitted from business summary reports which are no longer than one page their regular reviews. Then research their concerns. Reason KPIs should have some relationship to each other which may allow for seeing the Bridging relationship in an illustration / graph Graph It
Business Intelligence for Solicitors Sample Business Summary KPI Report
Business Intelligence for Solicitors Bridging Graphs from Sample Analysis
Business Intelligence for Solicitors Professional Indemnity Insurance Proposal Underwriters Love Info Ability to answer detailed Q’s behind the return summary Assures third parties --You are in control of the numbers Get them access to more info and they will be ticking an extra box on your risk assessment EFFECT
Business Intelligence for Solicitors Ability to Analyse give Third Party Confidence
Business Intelligence for Solicitors Is Your Budget Limited There is no charge for our demonstrations so you can learn more about us with no commitment
Business Intelligence for Solicitors Choosing a B I Strategy You Have More Than One Option For a checklist on choosing a BI Strategy try downloading our Business Analysis PDF Document that lists many factors that you may want to consider on the website at http://far.ie/wp-content/uploads/2013/08/FAR-Business-Analysis.pdf A Linked Icon is available on the Video Page at www.far.ie
Business Intelligence for Solicitors Our Goal To Help You Make Faster & Better Decisions at a cost that makes sense We manage the output so you can benefit from no license or training fees
Business Intelligence for Solicitors Contact Me If you think more analysis on your business would help you make better decisions then let us know declan@far.ie 086 778 6008
Business Intelligence for Solicitors Thank you for your time.