Data-driven decisions are at the heart of today’s fully connected, complex business world paid CroweUSA
Data-driven decisions are at the heart of today’s fully connected, complex business world. Yet some of the most significant strategic decisions made at the C-suite and private equity level are fueled by under-powered analysis tools that often fail to uncover the most important insights in the data.
BI tools are designed to quickly ingest high-volume and extremely granular data and discover new relationships through visual dashboards. They can help an acquirer better understand hidden pockets of opportunity and identify risk within the revenue and profitability profile of a target and prepare the buyer with data-driven operating decisions as soon as the deal closes.
“When the company transitions from a target to part of your portfolio, the right BI analytics should have set a model for change on day one,” says Brent Warren, senior manager in advisory services at Crowe. “All told, BI enabled us to deliver more than $5 million in annual run-rate savings in just 25 weeks,” Schrock says.Once the initial surge of acquisition excitement is over, the operating teams need to deliver a sustained series of improvements during the years of the hold where transformation and scaling are taking place. CFO and financial teams can apply BI on an ongoing basis to gather deeper intelligence and locate opportunities to boost EBITDA.
“With strong BI, you can turn answers to complex questions around in a day. Being able to do so shows that your management is on top of the company and evidences that your underlying IT systems are strong,” Schrock says.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The One Instant Pot Feature You're Not Using—but ShouldI started making this regularly at home because it costs a fraction of the price of store-bought.
Read more »
Kim Kardashian Studies for Bar Exam Using 'Funny' Personalized Test QuestionsThe Keeping Up with the Kardashians star hopes to take the bar in 2022
Read more »
How Scientists Are Using Social Media to Counter Coronavirus MisinformationAs coronavirus continues to infect, medical professionals and big tech giants are fighting the spread of another contagion — misinformation.
Read more »
California man accused of assaulting wheelchair-bound victim after using a disabled parking spot at TargetJimmy Tiger is charged with assault and attempted kidnapping following an incident caught on video.
Read more »
Mastercard wants to give you fast access to cash — using only your cell phoneMastercard and a technology partner are rolling out a service called Mastercard Cash Pick-Up, which gives anyone with a cell phone — even those without a bank account — the ability to withdraw cash from an ATM.
Read more »