If your company uses spreadsheet software such as Excel you need a Chief Analytics Officer. What does a Chief Analytics Officer do:
If you’re a typical organization you have people spending thousands of hours a year crunching numbers for forecasts planning, financial statements modeling budgeting etc.
By properly utilizing Excel, it will help transform your company. Clarity Management’s integrated solutions drive profitability by use of structured templates, dashboards, pivot tables and advanced visual basic for Excel macro automation.
There are thousands of classes and books on how to do tasks in Excel.
But there are not many that teach you how to have your employees use Excel in an efficient documented manner that saves time and money.
A Chief Analytics Officer ensures a company’s use of Excel is a business tool that maximizes operational efficiency, provides a framework for employee training, is consistently used organized and files saved where you can find them.
Clarity Managements President Lorry Rifkin combined 35 years of best practice spreadsheet design and business operational needs and profit enhancement into a methodology that takes Excel to the next level.
- It’s not knowing how to write a Vlookup formula, creating a pivot table or use the latest Excel enhancement that makes you money.
- It’s knowing that there is a way to create tabs in a workbook that makes them self-documented and easy to follow. That a consistent naming structure can drive Excel VBA automation that supercharges productivity and employee learning and growth.
- It is designing your model to be modular so it is exceedingly easy to build budgets and run what-if scenarios.
- And most importantly it is learning when to use Excel or other more powerful tools.
It is designing your model to be modular so it is exceedingly easy to build budgets and run what-if scenarios.
And most importantly it is learning when to use Excel or other more powerful tools.
If you have 10 employees who spend 4 hours per day on Excel that is 5,200 hours per year. Say your average employee who uses Excel earns $20 per hour.
You can easily save 15% or $15,600 annually by having a Chief Excel Officer in time alone.
Then there is the hidden side benefit. How many times has an employee built a model that had an error in it that you made bad decisions on? What did it cost you a $1,000 $5,000 or more?
Finally, there are the missed opportunities. Using Excel to properly mine your sales, operational and financial data in ways you have never thought of and in a way your other systems can not offer. This often requires integrating Excel with your core accounting software.
Some examples of profit drivers are:
- Customized Sales Reports for internal salesmen and brokers.
- Detailed multiyear margin analysis that proves clear insight into areas where you can raise margins and others you need to decrease them.
- KPI (Key Performance Indicator) Dashboards that provide your organization quick and easy daily, weekly or monthly green (everything on track) and red (you need to check something) visual scorecards.