Posted on 7:34 AM by Unknown
Charlie Russell for Sleeter Group writes: Business analytics for small businesses is the great frontier these
days. It’s an area where most SMB’s just haven’t taken the time to
explore, it’s a tool that accounting professionals should implement in
their quest to become a trusted advisor to their clients. A new tool in
this area is Finagraph, which brings a different approach to business analytics for users of QuickBooks desktop, QuickBooks Online, and Xero.
Finagraph for Business Analytics
Finagraph
was established in 2010, but their focus originally was on the
banking/lending industry. They have expanded to work with accounting
professionals earlier this year. Their aim is to provide “automated
financial metrics” so that business owners and their accounting
professionals can see a clear presentation of important business
analytics metrics without having to perform complex manipulations. This
includes comparisons with industry averages to see how the business
stacks up against similar companies in the same geographic area.
Emphasis is placed on easy setup, easy generation of the analytics
dashboard, explanations of terms and concepts at every step, but also
the ability to drill into details to see the source information. After
setting up the system for a QuickBooks or Xero user you will be
presented with a dashboard similar to the following (this is just a
portion of the dashboard): [snip]. The article continues @ Sleeter Group, Click here to continue reading......
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