Power BI is a business intelligence and data visualization tool that allows you to connect to various sources of data, analyse them, and create interactive reports and dashboards. Power BI can help utility and energy industry companies to transform their operations and meet customer demands by providing them with actionable insights into their properties, tenants, employees, and competitors.
We are a Power BI Consultancy for accountancy companies who want to take control of their data.
We provide the following:
– End-to-end Power BI projects from start to finish
– Managed service – choose the best SLA for your goals
– Training for your Accounting BI and finance team
Features of Power BI that are useful for Accountants
Data connectors:
Power BI can connect to hundreds of data sources, such as SQL Server, Azure, Google Analytics, Excel and more. This allows accountancy’s to access and combine data from various platforms and systems. For a an accountancy this could include financial data, client information, and operational metrics.
Dashboards:
Power BI provides powerful data visualization tools that allow utility companies to create interactive and insightful dashboards. These dashboards can display key performance indicators (KPIs), consumption patterns, outage information, and other critical metrics in a visually appealing and easy-to-understand format.
Customizable Dashboards and Reports
With features designed to help firms comply with financial regulations and standards, Power BI supports data governance and security. This includes data protection capabilities, audit trails, and access controls to ensure sensitive financial information is securely managed.
Semantic models:
Power BI can build semantic models (datasets) that define the relationships and calculations among the data elements. Semantic models enable accountancies to create consistent and accurate measures and calculations across their data sources, and use them in their dashboards and reports.
Q&A:
Power BI can answer natural language queries from the users, and provide visual and textual responses. Q&A allows property management companies to ask questions about their data in their own words, and get instant answers without writing any code or formula
Benefits of Power BI for Accounting
Real-time Financial Reporting
With Power BI, accountants can create and share real-time financial reports and dashboards, which are crucial for timely decision-making. This means financial data can be updated and accessed instantaneously, helping firms to respond quickly to financial opportunities or challenges.
Regulatory Compliance and Data Security:
With features designed to help firms comply with financial regulations and standards, Power BI supports data governance and security. This includes data protection capabilities, audit trails, and access controls to ensure sensitive financial information is securely managed.
Advanced Analytics:
Leveraging AI and machine learning, Power BI provides advanced analytics capabilities. Accountants can use these tools for predictive forecasting, risk assessment, and trend analysis, enhancing strategic financial planning and advisory services.
Automated Reporting Processes
The automation of reporting processes reduces the manual effort required in data preparation and report generation. This not only improves efficiency but also minimizes the risk of human error, ensuring more accurate financial analysis and reporting.
Our experience in Accountancy and Finance
Simon Harrison ACMA is a trained accountant
10 years at Sports Direct, starting as a finance manager. Promoted through to the senior management team as the Head of Operational Finance and Analytics. Working with board members to deliver strategic financial planning for Sales, Margins, Inventory cover. Responsible for the alignment of departmental budgets to the headline company budgets
Simon built a team of analysts, based upon a core skillset of either commercial finance or technical analytics. His role included the leadership of the team of analysts across the business, with representation within functional departments including Buying, Merchandising, E-Commerce, Marketing, and Finance. Fostering knowledge transfer and sharing of best practices.
The aim was to drive confident decision-making as widely as possible, by becoming a data-driven organisation.
Simon began his career at Wm Morrisons Supermarkets, starting as a student working part time and then pursuing a career in Finance. Simon spent 10 years in Senior Management heading up finance in a £300m food manufacturing subsidiary. With responsibilities for systems implementation of finance and ERP systems
Coming from a shop floor background Simon used his experience to enhance his effectiveness in leadership positions. Able to understand how changes to product and processes would flow through to the customer experience
Since moving into the consulting industry Simon has worked with a number of clients to discuss their financial data
Why does the Accounting Industry need Power BI services?
- To map data together with priority areas for your business
- Data Modelling
- Data Visualization
- Data Analysis
- Data-driven decisions
Why choose Select Distinct as your Power BI Expert?
- We work closely with your team to make sure it all goes smoothly
- We take a deep dive in your reporting set up
- We provide full strategy and training
- Service led business
- Mapped out five-step process
