LogiXML Helps Baker Tilly Revas Deliver Better Financial Decision Analysis to Their Clients LogiXML’s “Active Analytics” is used to build financial apps that have drastically improved operational efficiency.
BigNews.Biz - Apr 03,2012 - LogiXML, the pioneer of web-based business intelligence (BI), has announced that Revas, the outsourcing arm of Baker Tilly, a leading international provider of accountancy and business advisory services, used LogiXML ‘s “Active Analytics” technology to embed actionable financial analytics into its Client Portal, and to power the innovation of financial applications. The move not only delivered better operational insight to Baker Tilly Revas clients, but also saves the company significant time in client ramp-up and implementation costs.
“The days of static reports, isolated tools and restricted BI deployments are numbered,” said Brett Jackson, CEO, LogiXML. “Companies now want immediate, accessible and actionable analytics that correspond with the decisions that drive their businesses every day.
“Baker Tilly Revas is a perfect example of how LogiXML’s Active Analytics technology makes data visualisation a fully integrated part of the applications, portals and devices used to execute on daily operational decisions.”
LogiXML’s Active Analytics technology is based on meeting four key functional criteria:
• Pervasive – it makes BI available on the technology that people use, such as mobile devices;
• Integrated – it allows information to be embedded into existing applications;
• Innovative – it allows IT to practice agile and iterative development to serve their end-users;
• Actionable – it lets users turn decisions into immediate operational actions.
“We needed to upgrade and enhance the Revas client portal with analytics applications that made client financial information actionable and sought a solution that would allow us to integrate them on a wide variety of computing environments with minimum hassle,” said Kevin Dodson, associate director, Baker Tilly Processing Limited. “We selected LogiXML because it supports rapid implementations at a reasonable cost and didn’t require extensive training for our developers.
“We found Logi Info’s development environment to be very intuitive and used it to facilitate the innovation of numerous applications.”
Using LogiXML’s Active Analytics technology, Revas revamped its Client Portal in less than 90 days, establishing a customisable, real-time dashboard with various key indicators and drill-down capabilities.
Unlike former native reports on the portal, the new reports are driven with output from multiple data sources, providing more context and insight. The agility of the solution means that users can select from drop-downs and filters to dynamically display data directly from the financial system.
Previously, only members of Revas clients’ financial teams had access to the financial system.
However, with LogiXML’s web-based delivery and intuitive dashboard styles, a much larger user group can now access the information and immediately take action without needing to be masters of the financial system. Clients can also customise dashboards - making reporting more interactive.
“Because we used LogiXML to create a single analytics delivery environment, we no longer need to manage multiple reporting applications,” said Dodson.
“With the old environment, the reporting framework and the report delivery software were two different applications and the link between them was tough to manage. None of the things we are doing now were possible with our previous platforms - and most of the