Business Intelligence
*this dashboard is interactive, so be sure to try this one out.
Get insight into your organization!
Using Business Intelligence from IT Factor gives you real-time insights into your data from various data sources. This gives you insight into billable hours, file turnaround time, number of active files, etc.
The first step for analyzing data is to connect to different databases. The most important three are the practice management system, financial records and CRM. We do this through APIs. If an API is not available, a data export can also help.
Once the data is loaded into Power BI, this data is modeled. This step ensures that the data provides the right insights and can be filtered.
Once the data model is ready for use, building the first visualizations can begin. We at IT Factor have a clear picture of the visualizations that actually add value for the board.
Once the visualizations are made, additional analyses can be made such as; what is the main revenue driver, what is a good hourly rate to stick to and what kind of services should we offer extra or outsource.
Finally, of course, all dashboards, reports and analytics need to be managed. Using Microsoft Power BI makes management relatively easy because it works with existing Microsoft accounts and Microsoft 365 groups. If you already have a group that includes management, for example, then you only need to give this group access to a report or dashboard.
Benefits of a dashboard on Power BI
Real-time insight
BI generates real-time insights from multiple data sources in a single view (billable hours, case processing time, number of active cases, etc.).
Identifying trends
BI Identifies possible trends through analysis and smart interactive visuals.
Data quality
BI provides insight into your data quality. Moreover, this is often a trigger to collect more data.
Data analysis
BI enables data analysis. Through data analysis, predictions can be made on which strategies can be developed.
Management information
BI provides direction within the organization by anticipating changes more quickly.
But. where is this data stored?
Data security is a critical issue for offices/companies working in the legal industry. File data are especially central to this. We include case data such as hours written, revenue invoiced and open items in the dashboard. We do not include the documents from the file in the dashboard, they remain nicely in the document management system.
The program we work with, Power BI, is part of the Microsoft suite. Therefore, the data in the dashboard runs in the same place/server as the SharePoint and Teams environment. Therefore, the data in the dashboard runs in the same place/server as the SharePoint and Teams environment. In addition, you still have the option to save Power BI only locally. Through that route, you cannot share your report with others online, but can ensure that the data is not at Microsoft.
Do you also want data-driven governance?
Then get in touch so we can determine what we can do for your organization. Email remco.visser@itfactor.nl or click below. 👇
