Insightful data to back your strategic and daily operational decisions. #SuperConf15
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1 Insightful data to back your strategic and daily operational decisions
2 Introduction Who is Century Software Leading provider of reporting and analytics for CPA firms since Based in Atlanta, GA. What are we discussing today BI is about providing the right data at the right time to the right people so that they can take the right decisions - Nic Smith, Microsoft
3 2 Minutes on BIG DATA Is Big Data available or consumable by CPA firms? Do we have a handle on our internal data today?
4 Councilor, Buchanan & Mitchell, P.C. Case Study The Firm: Since 1921, CBM has provided audit, accounting, tax, and consulting services to a variety of clients in the DC and Baltimore metropolitan areas as well as throughout the Mid-Atlantic Top 25 firm in DC 8 Partners Member of Enterprise Worldwide (EW) Alliance of CPA Firms Member of Boomer Technology Circle
5 The Challenges Limited ad hoc reporting capability in Practice Mgmt. solution Have to hire a report writer for additional reports Reports are dated by the time of completion No ability to drill down on reports to see what makes up the numbers and track down the amounts
6 The Challenges Continued Available dashboards are generic and not customizable for offices, departments, or partners/individuals Meeting the growing number of report requests within the firm is an arduous task The time spent on report generation and distribution is excessive and expensive
7 The Requested Direction Fast deployment No technology infrastructure impact to firm Reduce reporting related time being spent Automate manual administrative tasks Allow Partners and Managers to view and analyze information specific to them Accessible 24/7 Affordable
8 The Solution A Band-Aid Or A Cloud Reporting Solution
9 Why Cloud Reporting Self service reporting Interactive not static reports Reduce organizational IT cost Built-in scalability and reliability High Availability Best futureproofing Fast deployment
10 Data Sources Data Flow Assisted Mining Payroll Data Extract Accounting Data Time & Billing Process (into in-memory) Transform (into how we need it) Compress CRM Upload
11 What is an In-Memory Database? Traditional databases are stored on a hard-drive. Every time someone goes looking for data, the hard drive needs to crank-up, find the data, then put it to some location. An In-Memory database (ours is called "IN-MEMORY.NET") loads the entire set of data into memory (RAM) for near-immediate retrieval when asked. This enables us to interpret complex data requests and output the results at lightning speed
12 Installation 10 minutes to The Cloud
13 Typical Refresh 2 minutes
14 User Access X? NO!
15 Have you update your lens?
16 The correct lens for your Data Measures Realization Utilization Billable Hrs. Production
17 Matrix to support multilevel decisions
18 What is BI 4 CPA s Cloud based Business Intelligence Solution Multidimensional Reporting, Graphing & Analytics Customizable Real Time Reports & Dashboards Analyze, Pivot, Chart, Compare, Filter, Drill-down Historical, Current, and Predictive Views Automated Alerts and Report Distribution Fast to Deploy, Simple to Use, Low Cost Multiple Data Source Capability Online, Anytime, Anywhere
19 Solution Review
20 Dashboards
21 My Favorite Reports
22 Create a report within seconds
23 Interactive Reports
24 Automated Alerts & Report Distribution
25 BI 4 CPA - Key Benefits Cloud based No technology infrastructure cost Latest reports always at your fingertips 24/7 Customizable Dashboards to share the right information with the right person Quickly create pivot tables and drill-down through your data to visualize trends, exceptions and performance Analyze by office, department, partner, Industry, client, service codes etc. to get very detailed results
26 Key Benefits - continued Quickly see data anomalies and drill down into the root of the problem. Template methodology eliminates the need to write individual reports - saves time & money Gives partners and managers a self-service tool Automated Time Entry Reminders to expedite billing process Automated Alerts and Report Distribution to ensure consistent and timely delivery Priced to make it affordable for every firm
27 Contact information Century Software Ravi Durairaj Managing Director Councilor, Buchanan & Mitchell, P.C. Richard Morris Executive Vice President Director of Tax Services Arti Birla Account Manager (301)
28 Presenters Bio Ravi Durairaj Managing Director Mr. Ravi Durairaj has been Managing Director of Century Software Inc., based in Atlanta, GA since 2007 Prior to Century he lead a software group for CCH a Wolters Kluwer business after an acquisition by CCH of a solution he designed for accounting firms Developed the first content management solution specifically for accounting firms jointly with a top 50 accounting firm in the US. Served as Executive Vice President for Conarc Inc., a software development company than focused on the Real Estate sector Prior to the software industry he held executive positions at Multifamily REIT s including Post Properties, Archstone, Laing Properties(a division of P&O) and Trammel Crow. He started his career in finance for a property management and development company in Chicago. Mr. Durairaj is a graduate of University of Georgia, Terry College of Business.
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