Quatrro Business Support Services (Quatrro), a market leader in providing cloud based business support services, announced the launch of an innovative Business Intelligence (BI) and Financial Analytics tool to enhance financial visibility and enable informed decision making for hundreds and thousands of Small & Medium businesses and Franchisors across the United States.
As per a report by IDC and EMC, the overall data in the world will grow by 50 times by 2020, but only 37% of this data will be structured. With the emergence of Social Media, Mobility, Analytics and Cloud (SMAC) as the new benchmark to measure success of digital businesses, the Small and Medium businesses will need to leverage the SMAC technology stack to extract strategic business insights from piles of unstructured data.
Quatrro's next-gen BI Tool combines tailored analytics with cloud based technology to address these compelling business needs. From business intelligence to financial performance analysis and strategic management, Quatrro's BI Tool is designed to enable key decision makers in the organization make the decisions that achieve better business outcomes - for now and in the future.
The tool is equipped with best-in-class reporting mix that includes financial dashboards, alerts and reporting templates that offer actionable business insights to the small businesses and franchisors at prices that are at a fraction of the benefits obtained.
Some of the key benefits are as highlighted below:
1) Financial Planning & Analysis - Allows for benchmarking and comparison of unit-wise performance that leads to identification of trends and red-flags
2) Planning, budgeting and forecasting - Enables tracking of current state of operations and drive future growth across the stores through predictive analysis and forecasting
3) Inventory and Expense Management - Enhances visibility into cost reduction opportunities
4) Revenue & Profitability Management - Enables small business owners to take informed business decisions that drive profitability
5) Cash-Flow and Balance Sheet Management - Improves Cash-flow analysis with integrated, up-to date information and enhanced Balance Sheet visibility
6) Financial Governance, Risk Management and Compliance - Delivers greater transparency by integrating data and aligning governance models
Commenting on the enhanced business value that Quatrro's BI Tool offers to the franchise industry, Charles Harmonick, President - Quatrro Business Support Services, said, "Quatrro's BI Tool encapsulates important features and benefits at every step, from data access and consolidation to generation of financial reports, reporting, financial analysis and forecasting. It will equip the franchisors with greater financial insights and transparency that will aid in strategy formulation and contribute to their bottom-line growth".
Quatrro's BI Tool has already received positive feedback from its clients and will now be offered to clients across diverse industry verticals including Restaurant, Retail, Auto, Hospitality, NFP and Healthcare in the next few months.