Every brand has one endgame: to grow and turn a profit. If you've ever set out to achieve a sizable goal in your own life without a plan, you can probably imagine what it's like to try to create a successful business without one.
As the COVID-19 pandemic spreads, its effects are felt by all. The economic ripple effects of the closures begin to trickle down to not only the local stores, restaurants, hotels, and retail shops but the millions of workers that are the lifeblood of our U.S. economy. As our daily life adjusts to a new routine, business owners everywhere are trying to find new ways to help their companies not only survive this challenging time but continue to thrive through it. And with the help of data analytics, they may just be able to.
Medical billing is a critical function of the financial cycle for all health-care providers. Whether the medical biller is part of a single provider service or a large hospital, their job is crucial. After all, they are a direct connection between providers, patients, and the insurance companies. Medical billing requires accurate analysis, detailed coding, and proper data analytics in order to achieve company success and offer its clients the value it deserves.
Accounting firms work with massive amounts of data on a daily basis. Without proper data management and analytic systems in place, it's difficult for firms to accurately track the most important data. A solid understanding of key information drives firms towards better performance, effectiveness, and efficiency from the inside out. Some of the most critical data points for accountants and CPAs to monitor and manage include:
In this era of big data, chances are that you have heard and used terms like machine learning and predictive modeling. For the average person, these terms may actually seem interchangeable. However, in the world of data analysis, there are big differences between these terms. In fact, these tools are used differently to provide different kinds of insights and add different strategic value. Today, we will take a closer look at predictive modeling, machine learning, and artificial intelligence, and discuss when to use them for the best results.
Once upon a time, spreadsheets were a holy grail and a force to be reckoned with. Spreadsheets revolutionized how business was done by offering a way to collect and organize data. Companies relied on them for almost everything in the business ranging from accounting to sales and even operations. They used the software to analyze data while generating reports.
However, spreadsheets are slowly becoming outdated. They can no longer keep up with the needs of our tech-forward world and changing business requirements. This article offers reasons businesses must upgrade their primary source of data consumption from spreadsheets to better alternatives.
2.5 quintillion bytes of data are produced everyday, transforming it into a visual format that is easy to understand is key to an effective presentation of critical information. Through visualization, text-based data sets that are otherwise hard to interpret are presented in easy to read fashion. But how do you choose the right type of graph that will help you achieve a compelling presentation? This five-minute read has all the tips you need to choose the right option for your data set.
Helios Company, a leading end to end analytics solutions provider for small and medium sized companies announces Accountant Analytics, a proprietary solution for accountants and bookkeepers to help their clients make better decisions with data.
The number 13 has often been associated with bad luck but it's no more unfortunate than any other figure. Since Halloween falls on the 31st, it's an unusual transposition of this number but that may change if some people get their way. Petitioners are proposing the date be changed to be the last Saturday in October, similar to Thanksgiving falling on the final Thursday of the month.
Halloween purists disagree and would rather the date remain the same. In this light, what are some other fun facts and stats about one of the most beloved holidays for children and adults of all ages? Here's a baker's dozen of these trivial tidbits to get our mouths watering in anticipation of the arrival of All Hallow's Eve along with all the sweets and treats associated with this date.