Business Intelligence (BI) is the accumulation, analysis, reporting, budgeting & presentation of your business data. BI can help your business improve operations and your financial position. Ultimately, when used with software it can help a company with strategic and tactical business decisions.
BI doesn’t give you the answers to a problem, it is descriptive type of analysis. This type of analysis tells you not only what has happened, but also your current position. It is an excellent tool for helping management teams understand trends, relationships, variabilities and helps organizations make better decisions that lead to improved performance and profitability.
I am always amazed by the number of documents, reports and schedules that even a small organization produces only to have them be neatly filed away each month. Unfortunately, many organizations lack a BI application or struggle to implement their own because of a variety of reasons such as time, effort, knowledge, and cost. This prevents them from making effective decisions during uncertain and changing economic times. Rising costs and declining gross margin percentages are a perfect example.
CDH’s Executive Focus has been successfully providing BI to organizations for decades and we are pleased to announce a new bold and enhanced look to our software. We can help your organization develop a BI platform.
CDH’s Executive Focus is an excellent solution for helping your business manage and monitor your business. Executive Focus is a visualization tool that provides transparency within the organization and empowers people with knowledge by helping them have a better understanding of all departments within the business. How do we do this?
• We develop a custom set of business metrics that represent your organization’s function as a whole.
• We focus on Key Performance Indicators (KPI’s) that clearly reflect efficiencies and value add capabilities.
• We facilitate monthly management team meetings to highlight and discuss the trends and relationships in your results to drive a culture of continuous improvement.
Matt Wirth is a Senior Consulting Manager for CDH, a national accounting and consulting firm. He has been consulting with privately held companies for over twenty years. CDH provides a service called Executive Focus. This service offers a process, tools and support to help management teams improve their performance. They design custom graphics packages which identify trends, relationships and performance drivers. The net effect is a system that fosters continuous improvement and enhances the bottom line. Matt has a BBA in accounting from the University of Wisconsin-Milwaukee and is a CPA.
If you would like to learn more about the CDH Executive Focus process please contact Matt Wirth, Senior Manager (mailto:[email protected] or 262-784-4040).