Extreme Makeover: Reporting Edition Seven reporting strategies to deliver action! Prepared for NLIT 2018

Transcription

1 Extreme Makeover: Reporting Edition Seven reporting strategies to deliver action! Prepared for NLIT 2018

2 Table of Contents Agenda About the Presenters and Grant Thornton Challenge: Current Status Quo Applied Solution Use Case Scenario Demonstration of Applications Q&A 2

3 Jeff Silverman Jeff is Senior Manager with Grant Thornton, LLP as an integral part of the Business Analytics practice for the Central Region. He is certified in in over 20 different technologies and specializes in assessment and planning of analytic solutions. He has demonstrated astute analytical ability throughout his professional career and understands end-user analytical needs from technology. He has strong leadership and program management skills fostered during his time as a field grade officer in the US military. Jeff is also a military reservist and leads US Strategic Command's Big Data Initiative.

4 About Grant Thornton We are the U.S. member firm of Grant Thornton International, a global organization of member firms providing audit, tax and advisory services to clients for more than 90 years. PEOPLE PARTNERS Over 10% revenue growth in the U.S. last year with a 13% increase in $1.56bn revenues 35% of the companies on the 2015 Fortune 1000 list headcount 39% of the companies on the 2015 Fortune 500 list 54% of the companies on the 2015 Fortune 100 list 25% of the companies on the Russell 2000 list OFFICES

5 Committed Oracle partner Specialized Partner of the Year, 2014 (EPM, NA) JD Edwards Excellence Award, 2015 Excellence Award, 2015 (Fusion Middleware Innovation at Serta Simmons Bedding) JD Edwards Excellence Award, 2016

6 Agenda the seven reporting strategies 1. Start small 2. Proper choice of visualization 3. Uniform scaling 4. Color coding dimensionality 5. In sequence reporting 6. Proximity of associated data 7. Restraint

7 but First. What is the difference between: Data Information Intelligence

8 Start Small

9 Start small

10 Start small

11 Start small Find Waldo?

12 Start small Find Waldo!

13 Start small What's wrong with this picture?

14 Start small What's right about this picture?

15 Proper Choice of Visualization

16 Proper choice of visualization What's wrong with this picture?

17 Proper choice of visualization Sales funnel Description A sales funnel is the visual representation of the buying process that companies lead customers through when purchasing products, with each section showing the continuous degradation of values through the funnel. A sales funnel is divided into several steps, which differ depending on the particular sales model. Use Enables users to view a summary of the open opportunities in the pipeline. Each section of the funnel graphic can represent a separate sales opportunity stage or multiple stages. A funnel section can be explored to view all current open opportunities that can be forecasted in that stage or group of stages in the sales cycle.

18 Proper choice of visualization Waterfall Description Waterfall graphics show how an initial value is increased and decreased by a series of intermediate values. They are favorites of financial and accounting departments to show contributions and profitability. Use Provides a quick view of how certain facts (i.e. revenue, expenses) or dimensions (i.e. departments, regions) contribute to an initial value. For example, showing incremental contributions of profit by department.

19 Proper choice of visualization Strategy trees Description A strategy tree shows an objective and its supporting objectives and KPIs hierarchically. Identifies which objectives are built upon each other. Use Provide Business analysts with a simple way to visualize strategies for entire scorecards, as well as individual objectives.

20 Proper choice of visualization Strategy maps Description A strategy map shows how the objectives that have been defined for a scorecard and the KPIs that measure their progress are aligned by perspectives. It also indicates cause and effect relationships between objectives and other objectives or KPIs with connecting lines. Use Allows analysts to ensure associated objectives and KPIs relate to each other and identify cause and effect relationships. Provides a holistic view strategies, particularly when used in conjunction with strategy trees.

21 Proper choice of visualization Geospatial/geoprompting Description Geospatial reporting provides comparisons with a map backdrop or comparison of distances between. Geoprompting provides heat map alerts for users and prompts them to select areas and drill to greater detail. Use Provides a perfect visualization of regional sales, revenue, profit, etc. Particularly helpful for trend investigation.

22 Quick Vignette

23 Proper choice of visualization relationships Description This report measures how the upper group of a specific population set contributes in descending order of value. Filters enable users to set a percentage limit of value for the top group, and the report renders the corresponding percentage of the population that makes up that value. Use Provides analysts the ability to the identify the most impactful contributors to a metric out of a population, allowing the business to focus on more important relationships.

24 Proper choice of visualization Bubble chart Description Bubble charts are used in scatter plot scenarios where more than two variables can be used. Data points are depicted by the location and size of round data markers (bubbles). Bubble charts are useful to segment populations of data, apply quadrant labels and prompt users for further investigation. Use Bubble graphs are used to show correlations among three types of values, especially when a number of data items exist and a view of their general relationship is desired.

25 Proper choice of visualization Master/detail views Description The master/detail linking allows users the ability to establish a relationship between two or more views; one view is called the master and will drive changes in one or more views called detail views. Use Provides users with the ability to view master/detail relationships and how filters may effect them.

26 Uniform Scaling

27 Uniform scaling What's wrong with this picture?

28 Uniform scaling What's right about this picture?

29 Demonstration Uniform scaling

30 Color Coding Dimensionality

31 Color coding dimensionality

32 Color coding dimensionality

33 Demonstration Pivot table

34 Demonstration Color coding dimensionality

35 In Sequence Reporting

36 In Sequence Reporting Summary on two separate metrics.

37 In Sequence Reporting Summary on key metric, with summary to detail carried through to second metric.

38 Proximity to Associated Data

39 Proximity of Associated Data

40 Proximity of Associated Data 1 2 1) Summary on key metric, with summary to detail carried through to second metric. 2) Key related data elements shown in conjunction with in-sequence reporting.

41 Restraint

42 Restraint Remember what is wrong with this picture?

43 Restraint Although better than the first example, this dashboard has too many different elements:

44 Restraint Dashboard combining three elements: 1) Income statement. 2) Balance sheet. 3) Cash flow ) Income statement dashboard 2) Balance sheet dashboard 2 Reporting becomes much more consumable when split into effective elements/categories. Remember to not only start small, but end small as well. 3) Cash flow dashboard 3

45 Questions?

46 Come see my next presentation!!! Accelerate your Lab's Internal Audit with Big Data! Weds, 5/23 11:15-12:00 Room: Exhibitor 1

47 Contact Me