Microsoft Dynamics GP transforms your company’s data into rich visuals for you to collect and organize so you can focus on what matters to you. Stay in the know, spot trends as they happen, and push your business further. Today’s successful digital CFOs recognize that by empowering their workforce with up-to-date productivity tools from Microsoft Dynamics GP they can help their organization tackle anything. Here are a few tips to get the most out of your data:
Frame your challenge. Do so as succinctly as possible. Experienced CFOs and analysts alike often get stuck right here. Eager to solve the company’s biggest, most vexing problems, their instinct is to try to get their arms around everything all at once. Resist this impulse. Focus on several key business problems you need to solve. Prioritize rigorously and identify a few key issues to begin resolving.
Organize your resources. Begin by identifying a data analytics team leader to ensure that the team’s mission has executive-level commitment. Identify team members from the various functional areas whose subject matter expertise supports the questions you are attempting to address.
Keep the group small. Populate it with those who possess appropriate technical, analytical, and collaborative skills and are capable of learning new methods in quick-study fashion. Carve out sufficient time for team members to contribute effectively within the context of their “regular” jobs. Embed the data analytics effort in associates’ formal goals and objectives.
Build your plan. Your team now needs to develop an approach for addressing the specific challenges identified. Begin by ensuring they fully understand the business problems at hand. Then build process maps that break down the different challenges into their more easily comprehended constituent parts, showing where interrelationships between and dependencies among them exist.
Identify and map the data sources relevant to each problem area. Then, with an eye to the priorities established, build a project plan that moves the team along a detailed trajectory of data gathering, query writing and execution, data analysis, and problem resolution modeling. Address the challenges identified earlier in an informed, data-driven manner.
At the same time, the team must be able to maintain a high degree of agility. Priorities may need to be adjusted based on discoveries made along the way. But before executing your plan, your team will need to build a properly tooled data analytics platform. This way, you are putting that data to work for you.
This is where Microsoft Dynamics GP can help. In the end, Accountnet understands that the financial services industry generates a huge amount of information every day. As a Microsoft Gold Partner, we know that Microsoft Dynamics GP makes it easy to combine your data, find new insights, and share them with others. Microsoft Dynamics GP lets you reduce risks, increase rewards, and unlock insights to drive more informed decisions for every department. Contact Accountnet to learn how Microsoft Dynamics GP can put you in control.