The benefits of using technology to gain valuable insights
The integration of data quality assurance, data analysis and subject matter insights in a seamless cloud-based solution automates time-consuming processes, unlocking costly man hours to realise value from existing data.
The knowledge economy is built on information. Today, there is an overwhelming volume of electronically stored data in every business. These data stores are often segregated in a variety of legacy ERP systems. True business intelligence is realised through the integration of these diverse data sources into one optimised solution, to achieve valuable insights with respect to key management and/or risk areas in an organisation. However, business intelligence is only as valuable as the quality and integrity of the data, leading the requirement for robust, automated data assessment tools as the foundation of data automation processes.
According to a 20xx report by auditing firm McKinsey, 45% of current paid activities can be automated through the use of technology.
What does automation mean for your business?
Automation enables you to define objectives.
Accurate data processing allows for decision-making in organisations to be optimised by considering the outcome of past strategies and processes. In this way, companies can recalibrate their objectives based on strategies with proven results.
Interrogate data for systematic planning & decision-making.
By aggregating the data collected over time and transforming it into meaningful representations, reports can assess whether strategies result in the intended outcomes and impact. Analysis and reporting are a continuous process of interrogation and discovery.
De-risk your business – decisions are made on auditable information.
Constructing decisions on existing base data eliminates the guess work and allows for low risk and easily trackable decisions made on verified and audited information. The use of an integrated and automated solution is a long-term investment in quality data driven decisions.
Automate data collection and trace data errors to the source.
Automation saves time and reduces errors that can filter through into every facet of the business. The use of real-time data ensures data integrity and allows for anomalies and errors to be easily traced to the source in your base systems where it can be validated and corrected.
Consolidate data across business units.
Businesses with multiple locations and operations face unique challenges when it comes to data aggregation. Automation unlocks the potential to manage various data centres from one single location, with unbiased metrics and consistent tracking.
Eliminate data manipulation and prevent fraud.
Traditionally, managers and data personnel at remote facilities manually collect data and report on Excel spreadsheets. This can introduce data errors and even allow for manipulation of data, resulting in difficulty validating reports at operational level. Bad data leads to inaccurate, and in some cases, even fraudulent reporting.
Social reporting and is your business making a true and lasting impact?
“to prosper over time, every company must not only deliver financial performance but also show how it makes a positive contribution to society” (Larry Fink, CEO of Blackrock). Business can only measure their contribution to society through insight into key data categories as hosted on their legacy systems. For many organisations however, the existing systems and processes to collect and validate data are insufficient for accurate and reliable social sustainability reporting. MTS’ custom developed social sustainability platform, Insite, uses the latest technology and data processing methodologies to ensure seamless automation and data quality reporting. Data automation takes place across Human Resources, Training and Procurement systems, resulting in compliance reporting on social sustainability and transformation that is as reliable as the reporting out of accounting systems.
As a centralised platform, Insite ensures social sustainability is managed efficiently and effectively through the integration of transformation objectives and compliance requirements.