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Insapce Workforce Analytics for "Increasing productivity of Talents"

Area Of Analysis

  • Talent Acquisition
  • Talent Development
  • Talent Retention
  • Workforce Compensation
  • Workforce Strength
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Globalization and changing business dynamics present increasing challenges to HR and line management on how best to develop and deploy an agile and highly-competency workforce while maintaining cost efficiency. Today’s business challenges demand more than just greater efficiency in the HR department and an HRM system. Rather, they require increased effectiveness gained through a comprehensive understanding of the factors driving workforce performance. Organizations need to understand the complex interaction between staffing levels, competencies, compensation structures, workforce profile, and other factors to help them maximize their return on human capital.

Product Overview

Inspace Workforce Analytics provides organizations detailed analysis on HR programs and workforce performance. It integrates critical data from across the enterprise value chain transforming silos of information into relevant, timely, and actionable insight. For example, managers can better understand the impact of compensation on employee performance by correlating compensation with employee performance and turnover metrics. Whether they are executives, managers, or line managers, users receive relevant, timely, and actionable information directly through personalized dashboards, metrics, and alerts. Inspace Workforce Analytics is a modular component of Inspace’s family of integrated Business Intelligence Applications—powerful, pre-built analytic solutions to deliver robust financial information across the company value chain to enhance customer, supplier, and financial analysis.

Inspace Workforce Analytics provides powerful Single Information data model that enable companies to analyse the HR process deeply.

Inspace BI solution provides hundreds of powerful best practice metrics, alerts, reports, and dashboards to Executives and line of business managers, enabling them to gain insight and take appropriate actions.

Inspace Single Information model is designed to provide deep analysis in the following areas of Workforce Analytics

Increasing Productivity of Talents

Talent Acquisition

This area enables organizations to understand how they are doing at hiring talent across departments and organization units, locations, and jobs from a demographic and diversity perspective.

Talent Development

This area enables organizations to understand how they are doing at promoting talent across departments and organization units, locations, and jobs from a demographic, diversity or performance perspective.

Talent Retention

This area enables organizations to understand how they are doing at retaining talent. The analysis is focused on the separations/turnover that is occurring within the organization across departments and organization units, locations, and jobs from a demographic, diversity or performance perspective.

Workforce Compensation

This area enables organizations to understand the compensation of the workforce across departments and organization units, locations, and jobs from a demographic, diversity or performance perspective.

Workforce Strength

This area enables organizations to understand the composition of the workforce across departments and organization units, locations, and jobs from a demographic, diversity, or performance perspective.

Inspace Supply Chain Analytics for "Enhanced Profitability through cost cutting"

Area Of Analysis

  • Inventory Performance
  • Demand Analysis
  • Stock Control
  • Material Tracking
  • Organizational Effectiveness
  • Stock Availability

In the face of escalating costs, pricing pressures, global operating systems, supplier bases that have shrunk or moved off-shore, ever increasing customer expectations and demands for transparency, enterprises are looking for a Business Intelligence Solution that can help enable people, at all levels of their organization, make well-informed decisions.

Inspace Supply Chain Analytics delivers deep customer insight in to orders and inventory data that empowers organizations to make better decisions in each of the stages across the entire supply chain management lifecycle. Our Solutions provides organizations with comprehensive visibility into key factors within the order to cash process and company’s supply chain, including inventory management and finished goods.

Inspace BI solution provides hundreds of powerful best practice metrics, alerts, reports, and dashboards to supply chain professionals and line of business managers, enabling them to gain insight and take appropriate actions.

Inspace BI solution provides hundreds of powerful best practice metrics, alerts, reports, and dashboards to Executives and line of business managers, enabling them to gain insight and take appropriate actions.

Inspace Single Information model is designed to provide deep analysis in the following areas of supply chain analysis

Enhanced Profitability through Cost Cutting

Inventory Performance

The ultimate objective of inventory management is to ensure that customers get what has been promised. Understanding the balance of inventory policy on supply and the demand of internal and external customers is necessary to maximize inventory performance. Moving closer to this balance will ensure that inventory management will continue to contribute to customer satisfaction while working towards improving corporate cash flow.

Demand Analysis

It is evident that management needs to know where the demand for inventory has come from, to ensure that inventory management will continue to contribute to customer satisfaction while working towards improving corporate cash flow.

Stock Control

The most fundamental questions that inventory managers ask are, "What do we carry in inventory?", "What is it worth?" and "Where is it?". To effectively answer these questions, managers need to know how inventory is being managed by your organization and how the investment is spread across the company. They not only need to know the inventory profile of specific warehouses, but also how these profiles compare across your organization. Inventory managers also need to know where the investment is. They need the power to analyse investment from many directions at various levels of detail. Key analysis including inventory turnover, and inventory coverage is critical and delivers the greatest value when viewed with various levels of detail and dimensions.

Material Tracking

Another key area of analysis required by inventory managers is an understanding of the movement of inventory in, out, and within your organization. Material movements are the underlying building block of information within the inventory management function. Understanding the nature and level of the activity of goods receipts, issues and transfers provides the additional detail on analysis around areas such as stock levels, shortages, resource allocation and the various process associated with the function..

Organizational Effectiveness

The Inventory Management team is the division of your company that is responsible for ensuring that materials are available when they are required. Any deviations from this expectation must be assessed and addressed as required. The performance of the inventory function is evaluated by analyzing and monitoring key performance indicators over time and across the organizations.

Stock Availability

Effective inventory management at the operational level relies on accurate information about what is available, when it will become available and what are the short and long term demands on existing stock levels.

Inspace Procurement Analytics for "Identifying great Sourcing Partner"

Area Of Analysis

  • Material Expenditure Overview
  • Material Demand Analysis
  • Vendor Profile
  • Buyer Activity Analysis
  • Organizational Effectiveness

Inspace Procurement Analytics, part of the Inspace BI Applications product line, help organizations to optimize their supply side performance by integrating data from across the enterprise value chain, thereby enabling executives, managers, and frontline employees to make more informed and actionable decisions. Organizations using Inspace Procurement Analytics benefit from increased visibility into corporate spend as well as the complete procure-to-pay process, with comprehensive analyses of procurement performance, supplier performance and supplier payable trends. Through complete end-to-end insight and visibility across the procurement processes, organizations can significantly reduce costs, enhance profitability, increase customer satisfaction, and gain competitive advantage.

Identifying great Sourcing Partner

Contract Management

Procurement contracts help you to ensure that purchases are made in a strategic, rather than ad hoc, manner. Strategic purchasing ensures high quality, low price, and a consistent supply. Purchasing activity is analyzed periodically to identify new contracting opportunities, evaluate the effectiveness of existing contracts, and identify actions that are required.

Operational Efficiency

Operational Efficiency provides information about the quality, cost, and speed of the procurement function.

Spend Analysis

Spend Analysis looks at current and past spend to determine how it is segmented across vendors, items, and departments. You can use this information to understand the implications of cutting costs.

Vendor Analysis

Vendor Analysis provides information that purchasing managers and buyers can use to ensure that they understand who their key vendors are. This area of analysis provides an indication of the quality of service provided by your organization’s vendors.

Insapce Workforce Analytics for "Increasing productivity of Talents"

Area Of Analysis

  • Talent Acquisition
  • Talent Development
  • Talent Retention
  • Workforce Compensation
  • Workforce Strength

Globalization and changing business dynamics present increasing challenges to HR and line management on how best to develop and deploy an agile and highly-competency workforce while maintaining cost efficiency. Today’s business challenges demand more than just greater efficiency in the HR department and an HRM system. Rather, they require increased effectiveness gained through a comprehensive understanding of the factors driving workforce performance. Organizations need to understand the complex interaction between staffing levels, competencies, compensation structures, workforce profile, and other factors to help them maximize their return on human capital.

Product Overview

Inspace Workforce Analytics provides organizations detailed analysis on HR programs and workforce performance. It integrates critical data from across the enterprise value chain transforming silos of information into relevant, timely, and actionable insight. For example, managers can better understand the impact of compensation on employee performance by correlating compensation with employee performance and turnover metrics. Whether they are executives, managers, or line managers, users receive relevant, timely, and actionable information directly through personalized dashboards, metrics, and alerts. Inspace Workforce Analytics is a modular component of Inspace’s family of integrated Business Intelligence Applications—powerful, pre-built analytic solutions to deliver robust financial information across the company value chain to enhance customer, supplier, and financial analysis.

Inspace Workforce Analytics provides powerful Single Information data model that enable companies to analyse the HR process deeply.

Inspace BI solution provides hundreds of powerful best practice metrics, alerts, reports, and dashboards to Executives and line of business managers, enabling them to gain insight and take appropriate actions.

Inspace Single Information model is designed to provide deep analysis in the following areas of Workforce Analytics

Increasing Productivity of Talents

Talent Acquisition

This area enables organizations to understand how they are doing at hiring talent across departments and organization units, locations, and jobs from a demographic and diversity perspective.

Talent Development

This area enables organizations to understand how they are doing at promoting talent across departments and organization units, locations, and jobs from a demographic, diversity or performance perspective.

Talent Retention

This area enables organizations to understand how they are doing at retaining talent. The analysis is focused on the separations/turnover that is occurring within the organization across departments and organization units, locations, and jobs from a demographic, diversity or performance perspective.

Workforce Compensation

This area enables organizations to understand the compensation of the workforce across departments and organization units, locations, and jobs from a demographic, diversity or performance perspective.

Workforce Strength

This area enables organizations to understand the composition of the workforce across departments and organization units, locations, and jobs from a demographic, diversity, or performance perspective.

Inspace Finance Analytics for "Transformational Cash Flow"

Area Of Analysis

Accounts Receivable

  • AR Aging
  • AR Invoice Activity
  • Adjustments
  • Cash Management
  • Receivable Risk
  • Accounts Payable

  • AP Cash Management
  • Payable Risk
  • General Ledger

  • Corporate Efficiency
  • Performance Effectiveness
  • Planning Effectiveness
  • Companies are facing increasing pressure to grow revenues and increase profitability. Today’ business challenges demand timely financial information that enables executives, managers, and front-line employees to make better decisions, take action, and correct problems before they affect the company’s financial performance. Achieving better business performance requires more than just improving process efficiency or better financial reporting. Rather, it requires improving effectiveness by leveraging advanced analytics that integrate data from across the organization and providing insight to the people who can impact business performance. It is proven that Business intelligence will help companies to monitor their financial condition and more revival strategies are evolved based on the data than mere strategies that are backed by human cognizance. Data driven monitoring and analysis becomes centre stage in the board room.

    Inspace Accounts Payable Analytics

    AP Cash Management

    AP Cash Management provides information to effect change to your organization’ cash outflow strategies

    Payable Risk

    Payables risk provides insight into the level of risk associated with outstanding accounts payable.

    Inspace Accounts Receivable Analytics

    AR Aging

    AR Aging highlights issues with collecting receivables in a timely manner by displaying how long invoices have been outstanding.

    AR Invoice Activity

    AR Invoice Activity provides information about the volume and value of invoices processed through accounts receivable.

    Adjustments

    AR Adjustments provides insight into the adjustments that are made to receivables balances.

    Cash Management

    Cash Management provides information to effect change to an organization’s cash inflow strategies.

    Receivables Risk

    Receivables Risk provides insight into the level of risk associated with outstanding accounts receivable.

    Inspace General Ledger Analytics

    Corporate Efficiency

    The Corporate Efficiency analysis provides insight into key financial ratios.

    Performance Effectiveness

    The Performance Effectiveness analysis provides insight into how the current business performance compares with past performance.

    Planning Effectiveness

    The planning effectiveness analysis provides insight into whether the business is delivering planned financial results.