The CEO asked The Calculation Bar to implement several analytic-related initiatives, including the formulation of a first-time, full-scope financial budget. After a series of short but targeted conversations with key staff, we established a wireframe design to segment revenue channels and partition operating activities and costs. A cost center structure and improved accounting hierarchy was quickly established, to first quantify each team’s operating metrics and financial impact, then consolidate (combine) into company-wide metrics, financial statements and expected cash usage.
After a few iterations, the CEO could grasp the key expectations, including revenue, staff hours, and financial outcomes. The company could generate excess cash to fund the growth initiatives. The project created a performance management tool, propelled data-driven decisions and instilled confidence to expand.