Analytical Compass provides a dynamic, user-driven approach to understanding financial data, developing key insights, and communicating results.
Analysis
- Analyze district-specific financial transactions
- “Drill Down” to understand key drivers of performance
- Compare economic drivers to identify sources of under / over performance
Insights
- “Connect the dots” by considering implications of collective analysis
- Develop key insights in real time and establish financial benchmarks
- Identify key trends and financial impact of what-if scenarios
Communication
- Develop storyline and key messages for Board
- Create transparency documents to post on website
- Build economic argument for fiscal decisions and union negotiations
Analytical Compass is designed with purpose – provide a data driven framework for navigating times of financial uncertainty. This powerful suite of financial analysis tools is specifically developed to provide you with the robust understanding needed to make immediate, short-term, and long term fiscal decisions.
Recognizing the need for transparency and effective communication, Analytical Compass also delivers a customizable communication
platform. It not only provides a storyboard to convey key messages but also updates your presentation materials as you work.
This product suite is designed specifically for the education sector. It is built upon 30+ years of providing financial software solution for schools (www.schooloffice.com) and expertise in risk management, finance, and strategy. To maximize its effectiveness, Analytical Compass’ development incorporated feedback from acting Business Managers and Superintendents in need of advanced financial analysis tools. Incorporating Analytical Compass into your financial planning will:
Improve Understanding
- Build robust understanding of revenues, expenses, and their underlying drivers
- Incorporate current data from your financial accounting system
Identify Key Performance Drivers
- Establish baseline expectations to evaluate financial performance
- Create measurable financial targets based on observable performance drivers
Increase Impact
- High level implications of collective analyses – connecting the dots of multiple analyses
- Facilitate communication with stakeholders (Board, local and state government, unions, community)