We achieve this by applying our core values of:
We achieve this by applying our core values of:
An issue with individualized spreadsheets is sometimes people think differently. For example, there could be varying ways of calculating commissions which would lead to conflicting compensation expectations. Working together we establish a common model used system-wide.
Spreadsheets can become so large which even modern-day computers cannot handle. Users encounter an “Out of Memory Error” when working with these files and can be a major waste of time trying to make the spreadsheet work and/or rebooting the computer. New technologies that replace spreadsheets can make this a thing of the past.
Interpretation errors occur when the data is technically correct but may be misleading. This error is the most difficult to control because it requires the user to have extensive knowledge beyond what the data displays. There are systematic ways to present the data differently based on the consumption media and/or audience.
EPM&BI is ready to help solve your spreadsheet challenges with the best process and technology solutions. Spreadsheets are an integral part of everyday business practices. However, there are studies that show up to 88% of spreadsheets contains errors and 5% of those errors are serious.
Some of the common spreadsheet errors and how we can help are listed here.
This type of error occurs when a number is mistyped (fat-fingered) or incorrectly labeled in a spreadsheet. Systematically loading data instead of hand keying and/or using data validation routines to check for errors are some ways to accurately load data.
Errors that occur when Excel formulas are incorrectly applied or specified are Calculation errors. They can occur when the designer of the spreadsheet miss-clicked a cell reference, spreadsheet structure changes disrupt formulas, and/or math mistakes. Calculation errors are hard to detect because people who consume spreadsheets typically assume that the spreadsheet is correct. Using a common, vetted systematic calculation can solve this.
The tedious process of combining spreadsheets to summarize data tends to introduce errors. These errors exist because of the sheer amount of spreadsheets that can exist in a company’s business processes. The systems we employ performs aggregations accurately, so there is no risk of human error.
Enterprise Performance Management (EPM) is a method of business planning. EPM involves evaluating and managing performance for a business to reach performance goals, enhance efficiency, and/or maximize business processes.
Enterprise Performance Management involves three main activities. The first is a selection of goals that you want your enterprise to accomplish. The next activity is to consolidate all relevant measurable information that is helpful to accomplish the goals that were set in the first activity. The final activity is interventions made by managers who have taken the information and applied a change.
Those managers who plan for EPM tend to rely on performance metrics related to value and cost. Evaluating overhead costs and how these costs relate to a performance goal is just one example of how Enterprise Performance Management can work for you. Return on Investment is another key metric. Budgeting and forecasting is also an important piece of the EPM puzzle.
Business Intelligence (BI) is a technology-driven process that analyzes data and accurately presents the information. BI is used to help corporate executives, business managers, and other end users make better-informed business decisions. There are a variety of tools, applications, and methodologies used by people who are proficient in Business Intelligence. They use these tools to collect data, prepare it for analysis, develop and run queries, and create dashboards and reports.
Benefits of Business Intelligence are: accelerate and improve decision making, optimize internal business processes, increase operational efficiency, discover new revenue sources, and gaining competitive advantages. BI data can include historical, budget, forecast data as well as new information such as “big data” sources.
OneStream Software is an independent corporate performance management (CPM) software company backed by private equity investor KKR. Our primary mission is to deliver 100% customer success. We will continually listen to the changing needs of our customers to determine the direction of our platform, service and support. We will never compromise on quality or their success. Learn more here.
Aggregating, maintaining, and accessing data across multiple dimensions does not need to be hard or require expensive, complicated aggregation engines and expensive, complicated skill sets. Built on a relational database and accessed and administered directly from Microsoft Excel, Casabase provides you the transparency and flexibility you need to easily analyze your data. No other aggregation engine offers such fast, multi-dimensional aggregations while providing completely open and transparent access to the underlying data. Learn more here.