Providing practical and realistic solutions to your complex problems
Analytics enables organisations to simplify the way they explore, understand and interact with their data. In today’s digital age it is no longer an option but a requirement for organisations to know and utilise their data assets in all aspects of operations, whether it is in marketing, operations, human resources, compliance or financial control. So how does an organisation go about this? How do you ensure that maximum return on analytics investment is achieved?
Start with a question
With the prevalence of digital content in the contemporary world, analytics is valuable whenever there is a problem to be solved, or a question you need answered, and not just in instances where there is an obvious “data” issue. We help clients answer questions such as:
- How can I better understand the scope and profitability of my national operations?
- Is there a pattern of fraud within my accounts payable?
- What is the sentiment of my team members? How do they express this through their internal communications?
Identify your existing data assets
Most Australian corporations currently only utilise a fraction of their data assets. Information is key and we help organisations pull together disparate data sets from across a business to inform decisions and solve problems, including:
- cross matching finance and HR data for insider fraud analysis;
- processing millions of GPS data points from transportation vehicles to determine on-time and on-route service performance; and
- analysing millions of retail point of sales data points to verify running accounts payable balances of a major supplier to the retailer for preferential payments litigation.
Actionable decision making
Analytics is ineffective without actionable results backed by trustworthy insights. McGrathNicol Analytics together with the depth and breadth of expertise from our Forensic and Advisory teams, will work with you from problem to delivery. We have helped clients:
- implement enhanced processes for reputational and market risk management for an equities brokerage;
- identify chat “networks” of employees that have engaged in inappropriate behaviour; and
- find related party transactions for a firm that had identified a single instance of fraud, uncovering the true extent of the fraudulent activity and quantifying the monetary value.