Dolman Bateman
A BI Case Study for Doleman Bateman
Sector
Financial
Services
Power BI Reports
Team Size
2
Engagement
Starting up & Scaling up
Introduction
Doleman Bateman is a well-established accounting firm based in Australia, renowned for its financial expertise and client-centric approach. With a diverse portfolio of clients, the firm sought to gain deeper insights into the financial performance of their clients and improve their decision-making processes.
Business Objective
- Insightful Analysis: The primary objective was to gain actionable insights into the Sales and financial data of their various clients.
- Enhanced Decision-Making: Doleman Bateman aimed to enhance their decision-making processes by having a comprehensive view of their clients’ financial health.
- Financial Performance Analysis: The firm sought to improve its ability to assess and analyze the financial performance of their clients accurately.
Project Scope
- Data Analysis and Visualization: The project involved the analysis and visualization of Sales & Financial data, allowing clients to better understand their financial standing.
- Data Integration: Data was integrated from multiple sources, including Xero, XMP, Excel, and CSV files, to provide a holistic view of financial information.
- KPI-Driven Reports: Custom KPI-driven reports were created to provide clients with specific, actionable insights.
- BI Tool Implementation: Power BI was chosen as the BI tool for ongoing monitoring and analysis.
Data Collection and Integration
- Data from diverse sources, such as Xero, XMP, Excel, and CSV files, was collected.
- Python scripts were used for data extraction, transformation, and loading (ETL) processes.
- Centralized data storage and management were achieved through AWS RDS.
Key Performance Indicators (KPIs)
- Invoice vs Budget: Tracking and comparing actual invoices to budgeted amounts.
- Sales vs Budget: Evaluating actual sales performance against budgeted figures.
- Budget YTD (Year-to-Date): Monitoring budget performance throughout the year.
- Custom KPIs: Tailored KPIs were developed to address specific client needs, including expense tracking and profitability ratios.
BI Tools and Technologies
- Power BI: This tool was chosen for its robust data visualization capabilities and user-friendly dashboards.
- ETL Process: Python scripts were employed for ETL, ensuring data accuracy and consistency.
- Data Storage: AWS RDS served as a secure and scalable platform for data storage.
- SQL: SQL was used for data manipulation and retrieval, enabling efficient data analysis.
Data Analysis and Insights
- Interactive dashboards were created in Power BI, allowing clients to visualize and explore their financial data.
- Trends, anomalies, and patterns in financial data were identified, providing clients with actionable insights.
- Drill-down capabilities enabled clients to delve into detailed data for deeper analysis.
- Data-driven recommendations were provided to improve financial performance.
Challenges and Solutions:
- Data Quality: Data inconsistencies and errors were addressed through rigorous data cleaning and validation scripts.
- Data Integration: Custom ETL processes were developed to harmonize data from different sources.
- Security and Compliance: Ensuring data security and compliance with relevant regulations was a top priority.
- Client-specific Needs: Reports and KPIs were tailored to meet individual client requirements, ensuring relevancy and usefulness.
Conclusion
- The project successfully empowered Doleman Bateman to gain deeper insights into their clients’ Sales & Financial data.
- Power BI dashboards gave clients the tools they needed to make informed financial decisions.
- Custom KPIs improved financial performance tracking and provided valuable benchmarks.
- The use of AWS RDS and Python streamlined data management and integration.
- Overall, the Business Intelligence solution enhanced Doleman Bateman’s ability to provide valuable financial services to their clients, improving client satisfaction and fostering business growth.
What our customers say
Our collaboration with Scaleupally on our financial insights project was transformative. Their custom KPIs, Power BI dashboards, streamlined data management, and tailored reports enhanced our ability to provide top-notch financial services, elevating client satisfaction and fueling business growth.
