We live in a digital age where technology is central to everything we do and is at the core of the way we do business. It has unlocked a world of opportunities for companies that know tech can help them serve their customers better as well as keep them ahead of the competition. However, businesses have to use the right technology the right way to achieve the right goals at the right time.
To do that, data becomes a critical decision-making asset that businesses must collect, assess, and analyze consistently. Most companies are already sitting on mountains of data that hold mission-critical information and financial business intelligence. This asset can be used to make better financial and other business decisions as well as identify weaknesses and operational inefficiencies. Businesses can gain priceless insights into how best to improve internal operations as well. All they need to do is find and collect that data, understand it, analyze it, and extract actionable financial business intelligence from it.
While this may seem like a colossal task (and without the right tools it often is), businesses have no choice but to become data-driven in order to survive in today’s competitive markets.
Gain competitive advantage with big data
The first step in transforming into a data-driven organization is to embrace big data as the resource that can help your company become more competitive. With big data, business leaders can build their decisions on a foundation of data-driven financial business intelligence. Pivoting with this mindset allows companies to locate data regarding their business from multiple sources, both internal and external. At the beginning of this transformation, there will be a significant amount of disorganized data. The challenge lies in easily converting all of your scattered data points into meaningful, reliable, and actionable insights.
Many products in the market promise to solve this challenge for businesses. Yet they fail to deliver on that promise because they do not focus on user experience and struggle to accommodate variations in complexity, spread, and formats of data across organizations.
Business Intelligence as a Service (BIaaS)
To give businesses the tools they need to convert big data into useful business intelligence, Axletree is launching its market-leading product, Insights by Axletree, which is specially designed to provide key financial business intelligence and support to its users. Our business intelligence solution is equipped with user-friendly, customizable dashboards and the latest in machine-learning and predictive analytics technology.
Once deployed, Insights connects seamlessly with all Axletree products in use across your organization, including our connectivity, payment transformation and processing, cash and bank account management, compliance, and finance solutions. It will automatically collect all data generated from the Axletree solutions suite, analyze it for patterns, predict future trends, and provide advanced financial business intelligence analytics that you can use to improve your operating workflow efficiency and bolster your financial management and overall financial standing.
Axletree’s BIaaS platform provides comprehensive data analytics reports in the following areas:
Messaging – Message traffic analytics and trends
Payments – Payment volume analytics and trends
Treasury – Cash and liquidity analytics
Compliance – Compliance analytics
Simplifying data and data visualization
With Axletree, your business can streamline its transition into a data-driven company, and start leveraging key financial business intelligence to gain historical, current, and predictive views of your day-to-day financial operations.
Being a data-rich organization ourselves and given our origins as a premier SWIFT Service Bureau, big data is a core part of our DNA. We are now on a mission to help our clients focus on value-added activities and drive their businesses forward in a data-enabled, digital world.
Become an early-adopter and gain a competitive edge in your market!
October 2, 2021
