Where Cohelion can help
There are multiple scenarios where Cohelion excels, but below are the ones we hear most often. Read through to learn exactly how we help businesses like yours.
Your company is growing through acquisitions or joint ventures.
Integrating newly acquired companies can be a complex and time-consuming effort. Sometimes you can’t wait the months (or years) that it takes to fully integrate those new organizational entities; you want to know how your new assets are performing now!
The Cohelion Data Platform gives you a companywide overview of its performance in near real-time, without any complex IT overhaul. Thanks to our integrated Master Data Management (MDM) module, any business unit can report using their own data management system and their own local coding standard. MDM acts as a translation machine that maps, merges, ignores, or splits data based on centrally managed definitions.
Local IT systems do not give the full picture.
Typical ETL processes are very good at extracting and transforming data from your local IT infrastructure. But what if that data is known to be incomplete? Or if one of your KPI’s is not captured in any system at all? Or what if one of your systems just cannot export data? Standard ETL processes cannot create data out of nothing. They also have no user interface that allows users to verify and correct data as needed.
Here is where the Cohelion Data Platform comes to the rescue: it shows all data as was extracted from your local IT systems. It also shows in native form after being unified via our MDM module in a user-friendly web interface. Authorized users can then review and correct if needed – either by typing in the values or by uploading a spreadsheet. With additional ‘lock dates’, reminders, and approval processes, your company data is guaranteed to be correct and complete!
You’ve bought PowerBI believing it would solve everything.
PowerBI (and other data visualization tools) claims to allow you to import data from any system and provide great looking reports. It even contains a programming language to manipulate data.
You’ve now found out the hard way that while your charts look great, you cannot draw any conclusions from it because the data is unreliable. The Cohelion Data Platform is ideally positioned to be used a ‘cleaning station’ for your enterprise data.
No reliable forecasting and budgeting processes in place
Many companies do not have a reliable forecasting and budgeting process. The ones that do often use a completely separate system where their actual data is captured in. This makes comparisons difficult as small changes in definitions in the Actual and Forecast systems can make comparisons inaccurate.
The Cohelion Data Platform lets you enter your forecasts using the same definitions and dimensions as where your data is entered, leaving no room for misinterpretations. In addition, historic snapshots are saved from all forecasts so you can benchmark your forecasters and ensure everyone understands the process.
There is a forecasting process in place, but it is time consuming.
Nobody likes making monthly forecasts. Sometimes so little changes that it’s impossible for a human to tell why the forecasted value in 6 months should be different from what was forecasted for that same period just a month ago.
Since the Cohelion Data Platform is an integrated solution that captures both historical Actual data and future Forecast data using the same definitions and dimensions, we can create forecasts by analyzing historical trends. By using advanced machine learning techniques, accurate companywide forecasts can be created in minutes.