V3iT is on the journey of delivering Value to its customers since the very beginning. It delivers Analytics & Data Management with a different approach when compared to the industry standards. The extensive Analytics Library renders actionable insights from the vast data streams and ensures quick deployment providing instant value. It offers Analytics KPI Library, Planning & Forecasting Library & Fraud Detection & Prevention Library as something unique from the industry.
Analytics KPI Library
V3iT has developed meaningful key performance indicators over time. These indicators help organizations track their performance, mitigate risks and accelerate their growth. The KPIs are closely related to the business objectives and its strategic priorities. These performance indicators give a competitive advantage as every step is an informed decision taken towards the growth of the organization. The ready-made models convert data into insights quickly to give instant gratification. KPIs show how productive and efficient the process, workforce and the entire system are, to achieve key objectives.
V3iT offers numerous such KPIs inside the KPI Library that can be customized and picked based on your industry type, sector, business framework, process, the market you serve, including other criteria as well to set up an organization-specific KPI dashboard.
Ratios Library: Every organization needs to know their cash flow, where they spend the money and how much profits they make. Financial KPIs come into the picture here as the key factor in the success roadmap. The Ratios help to visualize and get actionable insights.
At V3iT, these Financial Statements and Ratios are a few clicks away which provides insights into the company’s key performance metrics. These numbers help in gaining meaningful information about the company and in better alignment of the processes with your organizational goals. This is an instant value provided for your investment at V3iT.
Apart from the Analytics Library, V3iT also provides numerous methods to help you integrate, refine, analyze data from multiple sources in a way that you can derive meaningful information from that data and take actions to improve performance. This information is valuable and helps you take important strategic decisions for the future growth of the organization.
Some major Ratios for instance include Gross Profit Margin Ratio, Accounts Receivable Turnover, Accounts Payable Turnover, Debt To Equity Ratio, Net Profit Margin, Opex To Sales Ratio, Investment Portfolio Performance, ROI, Customer Lifetime Value, Working Capital Ratio and many more.
V3iT offers Analytics across all the departments Finance, Customer, Human Resources, Sales, Marketing, Operations, Environment, Information Technology, including various others.
Planning and Forecasting Library
The traditional planning, forecasting and modeling techniques fail to take into account the multiple data sources that help to forecast the most precise results for modern day organizations. The manual planning is a little biased as in order to be safe the leaders sometimes over-forecast which is completely unintended bias on their part. To plan and forecast things precisely, organizations need to eliminate these manual decision making processes and switch to data-driven decisions.
V3iT delivers improved planning and forecasting processes by leveraging the power of artificial intelligence and machine learning. It predicts the plan/forecast error rate, applies corrections and presents realistic and optimistic plans for forecasting the sales, supply, demand, people forecasting, operations planning and financial planning. At V3iT, in addition to the basic financial ratios and KPIs it offers advanced AI and machine intelligence powered forecasting and planning.
Fraud Detection Library
Fraud detection is very crucial for enterprises in order to implement efficient applications. Organizations are continually finding ways to implement effective fraud detection systems. With the increase in transactional channels like mobile, desktop, online modes and real-time decision making it is imperative to create real-time fraud detection solutions that can easily find the anomalies across various channels and can continuously learn and update.
Statistical models and a set of fraud detection rules are not enough for fraud prevention. The combination of predictive analytics, stream analytics and batch analytics is paramount to build a robust fraud detection & prevention system. Data Analytics Fraud Detection helps to improve internal controls, reinforce policies, monitor trends, identify fraud before it becomes a roadblock.
At V3iT, data coming from numerous sources like accounts and financing, human resources, internal communications, customer data, inventory, supply, demand, operations data is analyzed to find trends, patterns, anomalies and exceptions. It can handle massive quantities of data at a given time.
V3iT administers fraud detection at early stages even before it occurs. The Fraud Detection & Prevention Library has the following benefits:
- Reduced exposure to fraudulent activities using real-time transactional & historical customer data
- Detects patterns and clusters of unusual behavior
- Early detection prevents revenue loss
- Lower costs associated with frauds
- Re-implements organizational controls
- Improved Business Performance
- Gain the trust of customers and shareholders
- Learn and adapt to fraud techniques quickly by applying new rules
V3iT offers unique out of the box solutions to meet changing requirements of its clients. It implements cutting-edge technology to offer solutions that are paramount to fast forward the growth of businesses.