Time is Money

Could your employees use an extra 960 hours of work annually?

A tech start-up was struggling with maintaining daily transactions and closing their books timely. They needed help optimizing their processes to keep staffing numbers low and to improve their financial data to maintain investor confidence. James Moore created automated workflows in Alteryx to help the company save on personnel time, reduce risk and improve employee morale.

Challenge

Due to continued growth and employee turnover, a small business funding company was struggling to keep up with the daily processing of transactions. They also had delays closing their books monthly and at the end of the year. Basically, they were either going to hire more employees or reimagine how to change operations to become more efficient based on current state and projected growth.

The company needed to reduce process cycle time, increase employee satisfaction, better integrate and align their systems, and reduce human error.

Graphical image of a checklist and graph in white.

Solutions

James Moore’s data analytics professionals met with the company to fully map out their existing processes. Then we identified daily and monthly processes that were repetitive and almost entirely manual. After calculating the time they spent on them, we explained the return on investment they would have by automating these processes.

Leveraging Alteryx, we then created several automated workflows automating the daily, monthly and yearly processes that consumed so much of the team’s time. The automated workflows enabled the retrieval of, transformation, and ultimate upload of data into the organization's financial systems and provided the necessary reporting for validation and controls.  The team estimated that these changes would save the company 960 hours of personnel time each year.

A graphical depiction of a map standing in front of a data flow chart.

Results

The automations created by our team have saved our client roughly 960 hours of work annually — well exceeding the initial estimate. The company also experienced reduced risk and increased employee satisfaction. Employees were now able to spend more time on more urgent and significant tasks than manual data entry.

A graphical depiction of a flow chart of statistical data.

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Marie Monet

Marie Monet, CPA, CITP, CGMA

President, Digital

Marie helps our clients leverage their data in a way that allows them to generate meaningful insights and strategies to strengthen and maintain the health of their business. She has nearly 20 years of experience in accounting, data analytics and related areas of work.

Marie is highly recognized by the American Institute of Certified Public Accountants. In addition to holding the AICPA’s Certified Information Technology Professional (CITP) certification, she is a member of the CITP Credential Committee that develops, promotes and maintains the CITP credentialing process. She was also recognized by the AICPA’s Standing Ovation program in 2016 for her contributions to the areas of information management and technology assurance.

Before coming to James Moore, Marie spent over a decade working for large organizations and consulting firms that have a deep breadth of technical expertise and resources at their fingertips. She leverages the expertise gleaned from this work to give our clients a unique competitive edge in the market. Outside of work, Marie is an active volunteer and mentor with SCORE Volusia and sits on the Disruptive Leadership Board of Stetson University.

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