Corporate Analytics

COA Solutions

Part of COA Solutions' Smart Business Suite, Corporate Analytics, provides finance and human resource (HR) directors with business critical information for improved understanding and decision-making.

In today's competitive marketplace, organizations need to be able to dissect, scrutinise, evaluate and then intelligently address their performance if they're to remain a step ahead of the competition. Corporate Analytics, which comprises two distinct modules, Financial Analytics and People Analytics, enables finance and HR professionals to monitor, analyze and report on the real drivers behind their corporate performance, removing the headache from strategic decision-making. With Corporate Analytics, finance and HR directors are provided with vital information regarding their organizations' finances, workforce and operations, providing organizations with greater control over their performance, enabling them to move forward with fresh insight and improved confidence.

Corporate Analytics benefits include:

• Unified view of information: Collates data from all information sources; this allows managers to gain a comprehensive understanding of the organization's financial status and how people are creating value for the organization.
• Consistency of definition: Enables a single version of the truth, which means financial and other value ratios are consistent throughout the enterprise. This reduces unnecessary time and effort spent on activities such as auditing numbers.
• Rapid ROI: Reduces time to implement core metrics within your organization.
• Ability to integrate benchmarking: Users can easily use data for benchmarking to assess performance. This management tool ensures your organization has a strong competitive position in the marketplace.
• System independent: This means changes can be made to information systems without impacting reporting for the end user. There is less demand on IT so they spend more time on strategic projects.
• Ease of implementation: The system is optimized to be deployed quickly.
• Low consultancy requirement: Research has identified high levels of consultancy as the main reason of failure to deliver ROI in computer projects.

The product is made up of two complementary core modules

Financial Analytics

Financial Analytics can be transformational to the business, revealing how financial performance is affected by operational business activities. Revenue, profitability, growth and debtors are some of the many fields Financial Analytics can measure, analyze and report on.

Financial Analytics provides managers with numerous benefits including improved cash flow forecasting and quicker visibility of potential issues that could impact the business, enabling better-informed decision-making. Driven by the need to improve accuracy and transparency, the finance function can concentrate on improving the timeliness and quality of financial management processes with better reporting, implementing transactional controls and facilitating audit accountability

People Analytics

People Analytics is an advanced analytic product which focuses on an organizations' workforce and is helping hundreds of senior HR executives to monitor, analyse and improve the effect of staff on corporate performance.

People Analytics provides all the targets and control needed for areas such as absenteeism, recruitment and staff retention and comes with 150 best practice key performance indicators pre-defined.

• Visual impact of employee value: Visually demonstrates how metrics impact each other in the human capital value chain. As a result, management can spend more time on the business.
• Increases legal compliance and liability protection: Clarifies where there are issues in recruitment, retention, and promotion.
• Built using core measures: Uses a defined list of core measures/KPIs. This frees up time to understand the additional key operational drivers to these measures, which can be added with little effort.

Architecture

IBM Cognos 8 Business Intelligence software is integrated into Corporate Analytics. The solution uses Cognos reporting for OLAP cubes. Cognos Framework Manager provides the metadata layer. Standard metrics are created using Cognos scorecarding. Cognos Access Manager controls reporting security, although the product is compatible with other security layers.

People Analytics provides a total of seven OLAP cubes or modules: Workforce, Absence, Training, Recruitment, Multi Currency, Best Value Performance Indicators, and Benchmarking and People Impact. Over 70 standard reports have been built using Cognos reporting. People Analytics also provides eight standard human capital scorecards, which can be customized.

The ETL engine is powered by Microsoft SQL Server 2005 and runs on an MS Windows platform. The presentation layer uses IBM Cognos 8 BI and can run in any Cognos supported environment.

Availability

For more details, visit the COA Solutions Website: www.coasolutions.com

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