Would you be shocked, or relieved to know how efficiently the people in your organisation use Excel as a platform to manipulate, share and present critical information that drives decisions in your business?
Shocked is what most people are.
It was initially a challenge to convince the financial director of a reasonable manufacturing concern that there was benefit in investigating how Excel was being used in the organisation as part of its BI initiative, and that there was a possibility that there were better ways to do things than export data into Excel and then manually manipulate the data to produce results. He felt that he had streamlined the processes as best he could and there was not a lot more that could be done.
We agreed to an interview to identify all business intelligence initiatives that were performed on a regular basis as part of delivering information to various parts of the organisation, and the time it took to consolidate and deliver this information to the business. We then agreed on the time savings alone that could be achieved by automating these tasks, and applied a monetary value to this to establish a measurable return on investment.
The results are listed in the table below at a rate of R200 per hour. The return on investment for the year resulted in over R100 000, against a modest investment of R40 000. This is even before you look at the less tangible returns like data integrity and integration, standardisation, and putting a wrapper around loose Excel spreadsheet use.
For decision-makers in all companies who must have instant access to relevant information to remain competitive, Alchemex is the "Intelligent Choice", delivering formatted information directly into Excel at the click of a button. Unlike other proprietary reporting solutions and Excel links, Alchemex delivers a suite of pre-formatted Excel report templates for select install bases to get you up and running immediately.
[TABLE]
Share
