Are you using robust analysis for improved insight?

According to recruiter Hays, internal audit skills are in high demand as businesses such as accounting firms increasingly focus on better analysis and understanding their activity across the firm. One of the top priorities, ‘identifying areas of cost reduction’, centres our thoughts on the important role of robust analysis of data when working toward a healthier bottom line.

If you use a solution that provides vital business insight, you can not only track the data found across your business but will be able to access information that will give you the clear insight you need to uncover important business trends and patterns. This information can then feed into resourcing decisions that can cut costs if projects are being over serviced. Crucially it can also highlight business opportunities for growth that might otherwise go undetected in your firm.

While you can’t be expected to flawlessly predict the future, an accurate analysis of activity using an incisive reporting  solution will help you to identify where pain points may lie in coming months and pin point potential areas of cost reduction.

What does your analysis style say about your business?

 

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This blog

As the saying goes, knowledge equals power. But knowledge can also equal profit, as informed decision making and real time business insights give Accounting firm Partners the ability and empowerment to shape their business success. In this blog series Chris Duddridge, Business Director at Deltek, a global software company with a track record of helping Accounting firms improve their bottom line, shares his experiences of guiding clients to improve visibility of their operations, reduce administrative costs and ultimately, run a more profitable business.

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