Credit Control is a challenging and time-consuming affair which, if managed incorrectly, can lead to cash flow problems and even business failure. Keeping track of customer payment history, to indicate potential problems, is an important task but often; labour intensive, complex and error prone.
For freight management operations, reporting on how long shipments are taking between milestones is an important metric both for clients and operational teams. However, gathering, collating, and presenting the data can often be a tedious, time consuming, inconsistent and error prone process.
Accountants regularly face the drudgery and risk of manually consolidating business transactions from different companies spread out over various reporting jurisdictions.
A finance company used a mix of the latest digital tech and a human touch to bring a different approach to small businesses lending.
A crucial part of the loan review process required the company to credit score each applicant. Testing of the credit score process proved very time consuming using traditional methods. The finance company would manually; select applicants, collect individual responses and then consolidate results from a credit checking service.
All Business Intelligence (BI) vendors have a dirty little secret. It’s hidden under a weighty digital rock, keeping all those electronic worms company. It’s shared by Looker, Pentaho, Power BI, Tableau, SAP, Quicksight, et al.
It’s obvious, but seldom noticed. Take a deep breath, here it is;
All BI clients use Excel, way more than the BI vendors care to admit.