for solicitors business intelligence presentation 2013 with working sample report based on a...

for Solicitors

Business Intelligence Presentation 2013 With Working Sample Report Based on a Fictitious firm of solicitors focused mainly on Personal

Injury Clients

Do accounts systems provide business intelligence reports?

Yes, but its only one of your sources of data.Specialist tools edit faster and join data from other sources allowing for

greater range of KPI analysis

10 BI market leaders V’s 1000’s of accounts packages.

Horses for Courses

Business Intelligence for Solicitors

•Control•Auto Checks and Balances•Day to day & Basic Reporting•Tax & Regulatory

ADVANCED KPI REPORTING IS NOT A PRIORITY FOR YOUR ACCOUNTS PACKAGE


Main Roles of Accounts Systems


Screenshot of typical software that was created to join tables

Link To Key Identical fields allows successful

Joins

Now Smaller Firms can use this technology


Large Corporates have lots of data to manage and need KPI reporting

Data Warehouse

Project Management

Budget & Procurement

Human Resources

Project Data

Other Data

Executive Manager

Program Manger

Admin Staff

Filed Staff

Public Information

Why do SQL Query tools primarily exist?

Multinationals needed to join tables from a variety of systems to one report.

Query tools designed to manage Corporate Datawarehouses are now available to SME’s to join their data without the need for warehousing


EFFECT


By joining data from different sources you have new options

when creating reportsSo what are your critical success factors and

can we now measure them?

What does information from an accounts system data reports often look like?

Notice the 006 the in the left hand columnIt is not a value on each line and this creates difficulty when crunching data as it forces you to

read it rather than automate summaries

Problem Overcome using SQL Query Tools

Business Intelligence for SolicitorsReporting Issue Example within Accounts


RESULT = FRESH REPORTING & ANALYSISUSING LIVE REFRESH TEMPLATES


Examples of Relevant KPIs might be easier to understand

It might be easier if you go to the bottom of the video link at www.far.ie

Look for this page link http://far.ie/video/

Click on the Reporting Sample icon and print out the report contained

The following slides are excerpts from that report

http://far.ie/video/


Objective

Reason

Graph It

As much summary high level information on one page as you dare.Combine it with easily referenced drill downs

Business unit managers in large corporate concerns have benefitted from business summary reports which are no longer than one page their

regular reviews. Then research their concerns.

KPIs should have some relationship to each other which may allow for seeing the Bridging relationship in an illustration / graph


Sample Business Summary KPI ReportYear To Date Main Revenue Statistics 1 46 6 27 Total 35 100

Declan Orlaith Caolan Ferdia Solicitors Oscar Other TOTAL

Case load as at 31/07/2013 362 300 202 147 1011 338 3 1352Prior Year as at 31/07/2012 332 287 190 106 915 357 3 1275Variance 30 13 12 41 96 -(19 ) 0 77Variance % 9.0% 4.5% 6.3% 38.7% 10.5% -(5.3%) 0.0% 6.0%

New Business 2012-2013 101 63 36 47 247 96 0 343Prior Year New Business 85 53 30 0 168 68 0 236Variance 16 10 6 47 79 28 0 107Variance % 18.8% 18.9% 20.0% 0.0% 47.0% 41.2% 0.0% 45.3%

Settled Cases 2012-2013 71 50 24 6 151 115 0 266Prior Year Settled Cases 63 52 23 0 138 220 0 358Variance 8 -(2 ) 1 6 13 -(105 ) 0 -(92 )Variance % 12.7% -(3.8%) 4.3% 0.0% 9.4% -(47.7%) 0.0% -(25.7%)

Revenue 2012-2013 768,460 456,526 95,668 8,430 1,329,084 55,699 - 1,384,783 Prior Year Revenue 640,003 498,035 57,356 - 1,195,394 130,000 - 1,325,394 Variance 128,457 -(41,509 ) 38,312 8,430 133,690 -(74,301 ) 0 59,389Variance % 20.1% -(8.3%) 66.8% 0.0% 11.2% -(57.2%) 0.0% 4.5%

Average Case Revenue 2012-2013 10,823 9,131 3,986 1,405 8,802 484 - 5,206 Prior Year Average Revenue 10,159 9,578 2,494 - 8,662 591 - 3,702 Variance 665 -(447 ) 1,492 1,405 140 -(107 ) 0 1,504Variance % 6.5% -(4.7%) 59.8% 0.0% 1.6% -(18.0%) 0.0% 40.6%

Office Outlay as at 31/07/2013 219,845 220,886 99,690 22,890 563,311 13,170 1,061 577,542 Prior Year Office Outlay 228,569 232,546 88,560 - 549,675 17,002 1,546 568,223 Variance -(8,724 ) -(11,660 ) 11,130 22,890 13,636 -(3,832 ) -(485 ) 9,319Variance % -(3.8%) -(5.0%) 12.6% 0.0% 2.5% -(22.5%) -(31.4%) 1.6%

Average Outlay as at 31/07/2013 607 736 494 156 557 39 354 427 Prior Year Outlay 688 810 466 - 601 48 515 446 Variance -(81 ) -(74 ) 27 156 -(44 ) -(9 ) -(162 ) -(18 )Variance % -(11.8%) -(9.1%) 5.9% 0.0% -(7.3%) -(18.2%) -(31.4%) -(4.1%)


Bridging Graphs from Sample Analysis

Professional Indemnity Insurance ProposalUnderwriters Love Info

Ability to answer detailed Q’s behind the return summary

Assures third parties --You are in control of the numbersGet them access to more info and they will be ticking an extra box

on your risk assessment


EFFECT

Ability to Analyse give Third Party ConfidenceBusiness Intelligence for Solicitors

There is no charge for our demonstrations so you can learn more

about us with no commitment


Is Your Budget Limited

Choosing a B I Strategy


You Have More Than One Option

For a checklist on choosing a BI Strategy try downloading our Business Analysis PDF Document that lists many factors that you may want to consider

on the website at http://far.ie/wp-content/uploads/2013/08/FAR-Business-Analysis.pdf A

Linked Icon is available on the Video Page at www.far.ie

http://far.ie/wp-content/uploads/2013/08/FAR-Business-Analysis.pdf

To Help You Make Faster & Better Decisions at a cost

that makes sense


Our Goal

We manage the output so you can benefit from no license or training fees

If you think more analysis on your business would help you make better decisions then let us know


Contact Me

[email protected]

086 778 6008

mailto:[email protected]


Thank you for your time.

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