Consulting Services in London, Ontario
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Business Intelligence
Strategic businesses use Business Intelligence tools and automation to aid them in making informed decisions.
These Tools are accessible to businesses of all sizes but currently too few small to mid-sized businesses have the ability in house to leverage Technology to gain a competitive advantage.
With a true understanding of Businesses Processes and data integrity we know that in order to gain Insights from data, underlying reporting systems must be accurate and reliable.
We help small to mid-sized businesses integrate Autonomous processes and also provide Analytical Dashboards to give our clients a competitive decision-making advantage.
How we can help with Business Intelligence
At NG Chartered Professional Accountants, we provide a wide range of consulting services to private businesses and corporations that they may not have the capacity to handle in-house.
Our Consulting Services vary from client to client. Whether your business needs to Streamline Reporting, Automate Accounting Processes, or provide Support through a transition, our team is happy to assist.
Please enquire on our Contact Us page for a no-charge consultation. Our team is happy to assist when you are ready.
Typical Scenario 1
An insurance brokerage is attempting to identify gaps in its marketing strategy.
Their growth has been stagnant over the past year, and they are wondering if there is a particular demographic they should be targeting.
NG CPA steps in, and using the brokerage’s existing data, is able to identify that in the last 5 years, the number of policyholders under 30 years old has been steadily decreasing.
Further, using interactive dashboard reporting, NG CPA is able to analyze the policyholder age range by sales producer and identifies that Salesperson A is the only employee who has experienced an increase in policyholders under 30 years old.
Management is now able to speak to Salesperson A to obtain insight as to how they attract younger policyholders and can use this strategy across the other sales staff.
NG CPA is also able to continue updating this dashboard on a monthly basis to determine whether new strategies being implemented are successful.
Typical Scenario 2
A restaurant owner is trying to determine why they have not been profitable for the past 3 months.
NG CPA is engaged, and using the restaurant’s historic sales data, is able to determine that the restaurant typically experiences a seasonal sales decrease at the beginning of the calendar year.
Further, NG CPA identifies that in the past 5 years, alcoholic beverages have been a significant source of profitable income and with the recent trend towards consuming non-alcoholic beverages, beverage sales overall have decreased.
Management decided to invest in offering higher quality non-alcoholic mocktails that have a higher margin than soda and using an interactive dashboard created and updated monthly by NG CPA, they can see that beverage sales have started to increase again.