Financial Services Data Analytics

MicrosoftTeams image 10 Klik Solutions, a manage IT service provider, has a new branch. Klik Data Analytics helps clients in the accounting and financial industry use important business data and analytics to drive company decisions to take the business to the next level.

Financial Services Data Analytics

Financial services data analytics is a valuable tool for businesses. It allows companies to have a clear, comprehensive view of revenue, expenses, cash flow, and budget allocations, driving informed decisions on the financial health of the business and those they serve. Deeper analysis can also provide insight into trends, performance forecasting, and the detection of potential risks.

Companies in the financial industry are often concerned about the time and resources required to set up and maintain effective financial services analytics. However, the process can be simplified by utilizing an analytics service to do the heavy lifting so you can focus on using the data and visualization tools. Outsourcing to a financial analytics company with the right expertise is a cost-effective way to gain valuable insights. Our team will collaborate with your team to identify the key metrics that matter, capture and analyze the appropriate data, and create powerful visualizations and data models that report on the key points that matter, driving decisions to improve your business outcomes. In addition to the vital insights, you will also gain access to experienced financial analysts and customized dashboards tailored to your company’s specific needs.

Data Points Worth Exploring

A qualified analytics services provider can work with a wide range of metrics. Some of the more common ones include:
  • Financial performance (revenue, profit, margins, ROI and ROE)
  • Financial health (liquidity, solvency, financial leverage, cash flow, and working capital).
  • Investment performance (stock price performance, portfolio return, and risk- adjusted returns)
  • Budgeting and forecasting (sales, expense, and cash flow projections)
  • Cost analysis (cost of goods sold, operating expenses, and cost per unit)
  • Market and industry analysis (market share, competition analysis, industry trends, and benchmarks)
  • Risk management (credit, market, liquidity, and operational risks)
  • Customer analysis (customer acquisition cost, lifetime value of a customer, customer segmentation).
Some businesses may have concerns about the cost of outsourcing analytics services. However, it is important to keep in mind that the benefits of having current data help your company make better financial decisions, improving the bottom line and increasing the chance of successful business operations. With advanced software and technology capabilities, an analytics service provider can do the job and get you the results you desire.

Using a team to take care of your financial analytics is a must for nearly all businesses, no matter the size. Klik Analytics is part of a managed IT and cybersecurity firm in Baltimore that provides you with a clear and comprehensive view of your company’s data, improving the financial performance and bottom line for your business and those you are serving.

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