Whitepaper: The Audit World's Biggest Myths
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Business Intelligence (BI) is the pairing of modern data analytics with cutting-edge graphics that will assist with the identification and understanding of trends and opportunities to gain vital financial insights and enable significant competitive advantages.
As a thought leader in transformative BI, Capital Edge Business Intelligence Consultants have expertise in the end-to-end process for establishing business intelligence including planning, tool selection, requirements, development, delivery, validation testing, continuous improvement, and automation.
Our deep bench of finance, accounting and BI leaders, having worked with the “Big 4” and in industry, possess proven experience in supporting clients with federal compliance requirements throughout the contract life cycle across a wide range of industries. Our Business Intelligence Consultants’ areas of expertise extend to enhancing and fine-tuning reporting and analytics to transform decision-making proficiency. Our BI Consultants deliver both business benefits and outcomes designed to simplify, analyze and validate data for speed and agility.
Supported BI Solutions include:
Business Intelligence Consulting and Solution Packages include:
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All of our clients’ needs are different. We tailor our approach to meet the needs and business objectives of each and every one.
Our Business Intelligence Consultants offer solutions for people to examine data, understand trends, and derive insights by streamlining the effort needed to search for, merge, and query the data necessary to make sound business decisions.
Many of our clients have benefited from:
Our Business Intelligence team creates a blueprint and structure to provide data that allows our clients the speed to adapt, respond and evolve. We streamline reports and processes to reduce wait time, so our clients can spend more time analyzing data and making decisions that help grow the organization.
We provide reporting training to expand our client’s understanding and utilization of their systems to continue to foster Process Improvements.
Examples of Business Intelligence solutions we support include:
Business intelligence can help companies make better decisions by showing present and historical data within their business context. Analysts can leverage BI to provide performance and competitor benchmarks to make the organization run smoother and more efficiently. Analysts can also more easily spot market trends to increase sales or revenue. Used effectively, the right data can help with anything from compliance to hiring efforts.
Our Business Intelligence experts have the knowledge and experience to develop and automate reports that pull the exact data auditors are looking for which reduces the time it takes auditors to collect and compile their data for analysis. We routinely create simplified reports focused in areas such as GL details, purchase orders, and accounts receivable.
We develop Costpoint dashboards and reports that will satisfy the needs of your business leaders. Our expertise is knowing what information is needed for each level of management and we provide the specific data points necessary for quick analysis and making strategic business decisions. This customized Costpoint dashboard capability provides strategic summary-level information at the tip of a finger. We also incorporate drill down functionality whenever possible for seamless access to the details.
Nearly all ERP systems are implemented with a number of out-of-the-box or canned reports. However, many organizations may want to see the same or similar data depicted in another manner. Examples include a need for filtering, comparison data, and drill down capability.
Our consultants have proven industry experience in streamlining reporting processes, and the ability to generate simplified queries with the exact data points needed for efficient business analysis. These streamlined reports allow our clients to spend less time reconciling and more time analyzing and focusing on growth.
Does your finance team spend a great deal of time running a series of reports only to spend more time manipulating the data in Excel to reconcile the books each month? Is the month-end close process too long? Do you struggle to easily identify variances between the general ledger and the project ledgers? These are just some of the areas of frustration that many organizations experience on a monthly basis.
We are well-versed in developing reports to streamline the process and ensure smooth sailing at month's end. This includes reports that quickly identify discrepancies between your General Ledger and Project Ledger without the need to completely reformat the data output before the analysis can begin. Sample reports routinely requested by our clients include a comparison of the Project Ledger to General Ledger, Trial Balance by Project, and a GL Details Report. Each of the reports we provide are customized to our clients’ specific needs.
Project, account, and department structures drive the capture of cost data. If this structure is not properly configured in your system or the data input does not require all the information necessary to properly capture costs in the way management needs to see it, data output will be problematic. Inventory management configuration and operations processes also deeply affect WIP costing.
Our experts have immense experience pulling the data together in comprehensive dashboards with intuitive drill-down capabilities to analyze results.
Master data management (vendor master, item master in particular) is critical to support data aggregation for Supply Chain analytics. Coding of commodities, part types, part classes, NAICs codes and others provide attributes to support analytics. Poor management of codes hampers analytics. Commitment analysis and control is made possible by driving all purchases (p-card, punchout, subcontracts, blanket agreements, regular POs) through a consolidated system.
Our consultants are versed in compiling all this data together into both detailed and summary-level reports and dashboards with integrated drill-down capabilities. This data output allows our clients to easily and consistently review the information needed to successfully execute at the program level and across the organization.
Capital Edge government contract consultants support Government Contractors and Federal Grant Recipients. Our consultants specialize in the regulatory compliance matters you need.
8200 Greensboro Dr #1400
McLean, VA 22102