'With MYOB's Practice Management system, practice performance analysis is a very manual exercise. It involves paper-based reporting and needs spreadsheets to bring the right data together. All this takes many hours of professional staff time. The cost is prohibitive.
Resorting to spreadsheets to fill the gap provides an out of date and static snapshot. To answer questions, currently, you need to ask for more reports or spreadsheets, and all the time the data is getting older!
What progressive Practices are looking for is current data on a screen or in a report, available anywhere, anytime at the press of a button. Revenue, Productivity, and Performance against Budget are significant issues in Practices. Salaries are the major cost in the business.
Finding the time and cost-effective way to regularly monitor Practice Performance Management is a significant Problem for Practices that want to improve the way they run their business.
Practices tell us the current manual process is so cumbersome and slow that the KPI and any supporting figures are out of date by the time Partners meet to review them!
The preparation cost, involving professional staff who understand the data, is prohibitive. Hence, many Practices just run these figures Annually or Quarterly or, in many cases, not at all!
How can Partners run the business proactively based on out of date KPI data or no analysis data? How can Team Leaders coach their team members on a timely basis as things are happening, visible, and fresh in mind without having up to date KPI data?
It's great to define the KPI you are driving for, but how often can you get to review KPI status and trends? And how do you drill down into the details to find the cause(s)?
Until Cerebiz, there has been no automated 'off the shelf' way to monitor Debtor Days/$, Work in Progress, Write-offs, and Lockup figures on-demand. Practices need this level of automation to produce information on time and at a realistic cost.
Requirements include on-demand Dashboards with KPIs and Alerts. There must also be instant Drill Down from top-level right down into underlying detail to find the cause of variance(s). And to be able to do this wherever you are at any time, including on your mobile device.
The tools must provide Alerts on issues to investigate; continuous proactive team coaching to improve insights and advice are key.
It’s a way of continually ‘working ON the business’ to improve performance.
That is the basis to provide high-value to both Clients and the Practice.
The automated process benefits should far outweigh the monthly subscription to the right system. And these benefits are to be had every month into the future!'
Do these issues resonate with you?
What if you had the right tools and processes to ‘push a button' and instantly see the KPI status and picture in your browser, or on your mobile device? As of the close of business the previous business day.
The tools are there to do this…. right now!
The Cerebiz combination of Integrated systems and Automated two-way synchronisation of data is here now for your MYOB systems.
All MYOB data resides in the Cerebiz cloud-based ‘Data Warehouse’ and organised to suit ‘Advanced Analytics’ tools to produce on-demand views of KPI Charts and Quick Reports as well as Drill Down and Ranking, including 80/20 (Pareto) Analysis.