Industry Expertise

IT & ITES

Overview

The term IT in layman's language means Computers and anything related to it, but Information technology is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data, often in the context of a business or an enterprise. There are several industries that are associated with information technology, such as computers, hardware, software's, and electronics, semiconductors, internet, and telecom equipment-commerce and computer services.

Common Challenges

In IT industry, there are quite a few challenges emerging increasing the need for business analytics quite a few of these challenges are as follows:

  • Increasing Cost in development of products leading to Budget constraints.
  • Diversified nature of products increasing the need of Sales management.
  • Upcoming technologies requires proper Data management
  • Lack of proper Finance and Asset management.
  • Lack of Centralized Reports.

As a business analyst, we have significant responsibility in providing centralization of reports of all departments, emphasize on data management, proper management of sales reports and proper budgeting for the coming fiscal years.

Our Expertise

  • Flexibility was provided to the user for budget input.
  • Manual errors were reduced as the calculation happened in the backend, reducing the possibilities of calculation errors or formula mistakes.
  • Flexibility of selection of allocation cost drivers was provided.
  • The processing time for consolidated P&L was reduced from a few days to a few hours, thus saving time for the user.

Clients Results

  • Incorporating the application created simplicity and flexibility for the users, as the data was now centralized and could be accessed at any point of time and place.
  • The user was also provided a new function in the tool, where every department would get a fixed budgeted amount, on which they had to do the budgeting. If their budgeting amount would exceed the fixed budget amount, they would not be able to submit it. To submit the final budgeted amount, the user will have to get the approval for it, after which the limit will be increased and then the user will be able to submit it.