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?