Finance Analytics & MIS

Key Takeaways


Key Metrics Analytics for Effective Decision Making


Financial Risk Assessment Metrics & Mitigation Plan


EBITDA Analytics


Cash Flow Analytics


Pricing & Margin Analytics


CFO/ CXO Dashboards


Financial Risk Assessment Metrics

Must Read

Objective of Service

What is financial analytics? Financial analytics or financial data analytics is the art and practice of assessing the financial and accounting records of business to measure ongoing financial performances, deriving financial projections for the future, churning meaningful insights for improved decision-making and course correction, or answering any question that the data is capable of answering. Why we say it is an art is because it takes a bit of practice and understanding of the working of the analytics tools to make them give the answers you need. Modern-day finance analytics and MIS tools come with advanced features that make it easier to use them in achieving the intended reports, insights, or answers.
Through this service program, DFX offers finance analytics advisory services to businesses of all sizes across verticals.

Importance of Finance Analytics

  • Improved financial planning: Because financial analytics allow businesses to measure the impact of their existing planning, strategies, and decisions that leaves an imprint on their financial data, the assessments can be used to improve financial planning for the future or new projects and decisions. For example, in defining the financial terms of engagement with new suppliers, businesses can use financial analytics to cover any flaw with their previous policies that proved to be detrimental to business. With real-time analytics, businesses need not wait till the end of the month or the year to extract insights for better planning and execution of business decisions.
  • Keeping track of financial performances: Once a decision is made in business or a plan or strategy is approved for implementation, it also carries financial repercussions in the form of investments and expenditures. It becomes important for businesses to keep a track of their financial planning and performances to ensure that what was planned and what is actually happening are in congruence. For instance, businesses can project the movement of their working capital ratio at shorter intervals to ensure that corrective measures can be initiated to maintain the ideal/planned situation if projections speak otherwise. This projective approach can be applied to other areas of financial management as well.
  • Gaining insights not humanly possible at scale: Analytics tools are capable of taking into consideration massive volumes of data to derive insights and find answers. Then, with the advancements made in the field, these tools are becoming more intelligent and efficient in delivering results. Going manually, it would either be impossible or extremely time-consuming to achieve what these software programs are capable of. This is where software-run analytics proves to be more useful in the analytical review of financial statements and tons of other financial data.

How Finance Analytics is helping organisations?

  • Budgeting: Budgeting is planning and projecting the income and expenditure of an entity in the future. It provides an opportunity to businesses to assess their levels of income and utilize their investments, revenue, or funds in a judicious and strategic manner. Effectively, it allows them to keep a check on their liquidity and solvency. Business operations might come to a halt if expenses run over income/revenue at any point or make them go for short-term loans. Finance analytics help businesses assess their income and expenses more accurately based on past data and projections for the future.
  • Cash flow analytics: Cash flow analysis is a very important consideration when it comes to maintaining a healthy working capital. The three main metrics to evaluate the cash status of a company are its net operating balance, net investing balance, and net financing balance. Finance analytics brings all this data into a unified platform and allows the decision-makers to predict and project the cash flow status of the business in the near future. It gives them the opportunity to assess the implications of their decisions on the cash flow status of the business. And if the assessments are not in favour, corrections are made.
  • Cost control: Keeping its costs under check remains one of the hard-fought endeavours of businesses. Any unplanned increase in expenditure not only affects the profitability but also lashes out a spiralling impact on the budget. Finance analytics and information systems help businesses monitor the emerging trends and patterns of expenditure being made across various cost headings and departments of the organization. It allows businesses to initiate corrective measures on time to ensure that whatever is causing the deviations is prevented. A simple instance would be sales expenditure. On the field, the sales/operations team may have to incur many unplanned expenses. The sales department can be asked to come up with solutions to control any unwarranted expenditure before the actual expenses deviate much from the budget.

Why DFX for Finance Analytics Advisory?

DFX represents an expert team of professionals with over eight years of experience. We offer finance analytics advisory and consulting services to businesses across a multitude of verticals. From assessment to recommendations, we follow a planned, proven, and systematic approach in delivering our financial data analytics consulting services.
If you want to know more about our financial analytics consulting services, drop us a message and we shall be happy to reach out to you.

Service Inclusion

Finance Analytics & MIS

The use of analytics in finance helps businesses read their financial data in an objective and scrutinizing manner towards deriving answers and insights for achieving a higher degree of prudence and accuracy in their financial management and financial strategy formulation and decision-making. Financial MIS (Management Information System) is a platform to collect and store the financial data of an enterprise which is later accessed and used for the purpose of analytics.

In this topic, the learners shall be introduced to the fundamentals of financial analytics and MIS. Once the basics are covered, the topic shall deal with the practical application of these concepts in real-life business scenarios.

Predictive Analytics

Objective 1: Early Warning Signals

Predictive analytics help in identifying possible future outcomes based on past data. These assessments can serve as early signals for business opportunities or threats and provide time for corrections and adjustments in product design, strategies and operational planning.

Objective 2: Easy and informed decision-making

Predictive analytics is based on statistical modelling and estimations, sometimes using advanced technologies like Artificial Intelligence and Machine Learning. This puts businesses in a more informed position (data evidence wise) to support their decisions or withhold one.

DFX Analytics Implementation Process

  1. KPI Finalization: DFX business management consultants shall define the KPIs as per the business model and business requirements.
  2. Data Points: Identify the data points relevant to achieve the KPIs.
  3. Blueprint Document: Build a document with all expectations and requirements for the analytics software.
  4. Dashboard Development: Work with an analytics software company to build these dashboards OR get these dashboards developed in-house by our DFX development team. We work both ways.
  5. Testing: Test the analytics software dashboards, as per the expected output.
  6. Training: Train the team on the analytics software.

Overall Duration

Timelines to be decided based upon the service requirements.


How will DFX help to implement Data Analytics?
  1. KPI Finalization: DFX business management consultants shall define the KPIs as per the business model and business requirements.
  2. Data Points: Identify the data points relevant to achieve the KPIs.
  3. Blueprint Document: Build a document with all expectations and requirements for the analytics software.
  4. Dashboard Development: Work with an analytics software company to build these dashboards OR get these dashboards developed in-house by our DFX development team. We work both ways.
  5. Testing: Test the analytics software dashboards, as per the expected output.
  6. Training: Train the team on the analytics software.
Will DFX provide software for data analytics?
DFX will not provide data analytics software. DFX team will help in the evaluation of the software requirements and provide assistance in its implementation. DFX will implement it on globally recognised analytics software platforms like Power BI, Tableau, Google Charts, SAP Hana, etc. DFX team can also evaluate the suitability of any software you might have already shortlisted and help you in its implementation.
Is this a one-time activity or recurring support would be required from DFX Analytics Experts?
It will be a combination of both with defined timelines. This is because of the changing nature of business requirements and the need to keep your digital analytics platform up-to-date.
We are not aware which KPIs would be helpful for analysis. Will DFX define the KPIs?
Yes, DFX business management consultants will study your business model and establish the objectives to implement analytics. Based on these assessments, DFX management consultants & analytics experts shall define the KPIs that are the best fit for your enterprise.
Can we implement analytics only to a particular function or will it be across the organisation?
Analytics must be implemented across all the functions within the organisation. DFX shall analyse the important areas where the KPIs need to be defined and implement the analytics solution. The KPIs shall be based upon the existing business bottlenecks, process leakages and objectives to be achieved. The analytics solution shall help to mitigate these risks and tailbacks.
How do I make the payment?
You can make the payment online through bank transfer and digital wallets. DFX team shall guide you with the payment procedures.
Can I cancel after paying for the service?
Until the initial 01 session or 60 minutes of advisory sessions are completed (whichever is earlier), you can cancel the services at any time. Once DFX team starts working on your project, cancellation of services shall not be possible. In case of cancellation, we assure 100% money back into your original payment account within 72 working hours of your cancellation. Please note that few banks may take longer but from our side, it shall be processed and proofs shall be submitted.
Is this relevant to my country, city or location?
Every city/country presents their own set of business scenarios, compliances and challenges. Our experts shall understand your business constraints and accordingly design solutions specially crafted to suit your business requirements.
How can I avail this service?
We have a 3-Step process to get started:
Step 01 – Request for Quote
Step 02 – Service Quote Finalization along with SLA (Service Level Agreement)
Step 03 – DFX Experts start working on your business
Will there be a live one-on-one interaction with the DFX Analytics expert ?
The entire consulting will be a live one-on-one interaction with DFX experts. Mode of interaction shall be online.

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