For business analysts who spend their days mired in tedious data tasks, the struggle is real. Manually cleansing, blending and analyzing a growing volume of complex data is taking more time than ever. While spreadsheets are useful for basic tasks, when data gets messy or large, they quickly become slow and cumbersome to work with — not to mention prone to errors. That’s why more organizations are arming their analysts with easy-to-use automated solutions that enable them to deliver fast, accurate, data-driven insights and eliminate the burden of time consuming manual processes.
In the following real-world customer stories, you’ll learn how analysts and business professionals use Alteryx to simplify and automate complex analytical processes with an intuitive drag and-drop interface and built-in AI-guidance. Read how they are saving time, achieving bottom line results, and adding more value using their business expertise combined with advanced analysis. Plus, learn about an opportunity to simulate AI-powered solutions with your own use case.
DoorDash is the largest food delivery service in the U.S., supporting hundreds of thousands of merchants and millions of customers in more than 500 cities across North America.
Business Challenge
The accounting team at DoorDash was dealing with a growing volume of complex data with mounting pressure to speed up processes. They also had to meet the rigorous standards of SOX compliance.
Analysts relied on manual processes and spreadsheets to collect, reconcile, and analyze massive amounts of data — a time-consuming process that was prone to errors.
Alteryx Solution
DoorDash uses Alteryx to automate and streamline operational processes, data acquisition, and in-depth financial analysis. By replacing manual processes with easy to-build automated workflows, the finance team now saves 25,000 hours annually.
The end-to-end automation solution also frees up financial analysts to focus on value-added, strategic tasks that drive more accurate accounting.
Results
Mayborn Group reduces manual processes by 90% and optimizes product promotion offers using Alteryx.
Baker Tilly is a top ten accounting firm that offers specialized federal tax compliance and planning expertise to help businesses optimize value while
minimizing their tax burden.
Business Challenge
The tax team responsible for unclaimed property reporting had to collect and process hundreds of thousands of files with up to a million lines or records of data — all coming from multiple disparate sources.
The process of collecting, cleaning, and analyzing the massive files took anywhere from several days to weeks to complete. There was also a risk of exposure for the client if any amount of unclaimed property was missed due to human error.
Alteryx Solution
Baker Tilly now uses Alteryx to automate data prep, processing, and reporting. Non-technical teams in the unclaimed property department were able to build their own workflows to consolidate files and apply analytics, reducing the time spent preparing deliverables by 50%.
By upskilling domain subject matter experts in easy-to-use analytics, they
eliminated the need to rely on technical experts for dashboard and report building.
Results
Automating data prep and analytics with Alteryx reduced reporting processing time by 50% and decreased regulatory errors by 70%.
Bank of America a multinational investment bank and financial services company serving approximately 56 million U.S. consumer and small business relationships.
Business Challenge
The enterprise testing team at Bank of America must ensure that all regulators are notified of any applicable transactions. The team was manually prepping and cleansing tens of millions of transactions for quality assurance every day.
The entire process, from the time of the transactions to the moment the
regulators were notified, took about two months. The delayed response left the organization susceptible to costly regulatory fines.
Alteryx Solution
Bank of America added Alteryx to its data stack of Tableau, Qlik, and MicroStrategy to create a streamlined workflow that alerts the testing team when they need to take corrective action on any regulatory measures.
Using Alteryx, the quality assurance process has transformed from reactive to proactive, with the ability to address issues as they occur, rather than waiting two months for the results. The testing team can also easily share the reports for regulatory transparency
Results
Automated, real-time data prep with Alteryx reduces quality assurance processing time by 60 days at Bank of America.
Located in 90 countries, Siemens Energy operates across the energy landscape, from conventional and renewable power to grid technology and electrifying complex industrial processes
Business Challenge
The transmission unit at Siemens struggled to efficiently collect and analyze production, logistics and financial data from 36 factories worldwide. Analysts were tied up in spreadsheets for hours, consolidating, validating, and prepping data.
The time-consuming manual processes prevented the organization from
achieving full value from its data and kept analysts from spending time on higher impact, strategic initiatives.
Alteryx Solution
Siemens adopted Alteryx to automate and scale large and complex data projects. With intuitive, drag-and-drop features, domain experts could build their own workflows and share insights with ease.
In less than six months, the team created 350 automated workflows in Alteryx and saved thousands of hours eliminating manual processes. Alteryx users at Siemens are also helping drive a wider culture of analytics across the organization
Results
Using Alteryx, analysts at Siemens built 350 automated processes and saved thousands of hours.
Mayborn Group is an award-winning retail brand that produces a broad range of baby products available in 60 countries worldwide.
Business Challenge
As a global brand with hundreds of products and retailers, Mayborn had data coming in from more than 100 internal and external sources. Consolidating the data for a holistic view to understand market and customer behavior at a regional and retailer level was a significant challenge.
Analysts had to manually merge and process data by individual retailers, region by region, with very specific views in isolation of one another. The analytics team found it impossible to scale the process efficiently with manual processes.
Alteryx Solution
Mayborn uses Alteryx to automate the process of blending and analyzing disparate data sets. Now, they have a centralized, global view of point-of-sale data that allows them to better focus on product quality and competitive strategies.
The time saved using Alteryx allows the analytics team to focus on strategic initiatives including product promotions. They realized significant ROI by using Alteryx to analyze and optimize promotional offers that increased sales.
Results
Mayborn Group reduces manual processes by 90% and optimizes product promotion offers using Alteryx.
Connect with SIFT Analytics
As organisations strive to meet the demands of the digital era, SIFT remains steadfast in its commitment to delivering transformative solutions. To explore digital transformation possibilities or learn more about SIFT’s pioneering work, contact the team for a complimentary consultation. Visit the website at www.sift-ag.com for additional information.
About SIFT Analytics
Get a glimpse into the future of business with SIFT Analytics, where smarter data analytics driven by smarter software solution is key. With our end-to-end solution framework backed by active intelligence, we strive towards providing clear, immediate and actionable insights for your organisation.
Headquartered in Singapore since 1999, with over 500 corporate clients, in the region, SIFT Analytics is your trusted partner in delivering reliable enterprise solutions, paired with best-of-breed technology throughout your business analytics journey. Together with our experienced teams, we will journey. Together with you to integrate and govern your data, to predict future outcomes and optimise decisions, and to achieve the next generation of efficiency and innovation.
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