DeviaSense
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DeviaSense is our flagship financial analysis product. It helps organizations evaluate variances normalized against baseline scenario. See a few examples below on how DeviaSense helps companies analyze their business performance against their chosen benchmarks
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Employee Expenses
See DeviaSense in action in an example situation with a company that has operations across two different countries. Leadership is trying to understand the root cause for missing the budget. With the complexities of FX (not handled in DeviaSense MVP), cost of labor, job band and job level differences, it was hard to tease apart how much each factor was contributing to the miss. With DeviaSense, leadership can analyze root cause accurately and plan better for future. Sample data file is here.
In this example, a small business is trying to understand how their average unit cost is almost 11% higher than prior month. With a mix of over fifty products spread over four categories and 7 brands, attributing the increase back to higher cost of goods sold versus mix of product sold is mighty important to ensure the business can plan to stay profitable by identifying the right pricing strategy or working with the vendor for cost mitigation. See the retail example data here where, clearly, it's the mix of products rather than actual per unit costs going up that has led to the AUC spike.
Retail Pricing
Marketing Channel Efficiency
With the expense ratios being so different across marketing channels, this example retail business used DeviaSense to improve future marketing campaign spend by understanding how prior campaigns performed relative to budget. To get an accurate view, it was important for the business to normalize the campaigns for mix relative to budget. This file shares the data that was used to construct the below example.
Above examples don't address your questions? No problem! For your specific use case, reach out to us at support@delvefi.com