[SSB#21] Get your data working for you!

Welcome to the 21st edition of our newsletter “Supersonic Business”, a fortnightly publication by me, Laura Landmark, with a focus on business growth, value and performance management, in other words, all things that make a business better.

Origins

“Supersonic Business” is sent from me, a Management Accountant, to those that have a leading position in SME’s (small/medium businesses), and their accountants. The vision for the newsletter is to share information, tips and tricks to build healthy, thriving businesses from the ‘inside out’, it is written from the finance and administration perspective. I hope you enjoy [SSB#21], write to me on ll@mantleanalytics.com if you have any feedback or questions.

The game

My daughters love playing a Roblox game called ‘Adopt Me’. This is a game where you look after animals who become your most sincere companions and follow you everywhere. The girls get deeply involved in trading ‘ride-unicorns’ for rare ‘fly-ride-chickens’, or nurturing legendary ‘mega neon shadow dragons’.

My kids are becoming fully-fledged business women!

The challenge

From time to time they want to buy more Robux which they can use to buy game passes which give special privileges. At this point in time, they need to look in their real money boxes and evaluate the joy they will get from using their ‘hard-earned’ pocket money on their alternative reality currency vs saving the money for sweets, magazines, Apple pens or other things they claim they want. My youngest decided the other day to invest Kr 100 (£10) of her birthday money into the game. She did this, and low and behold, nothing seemed to happen. Big time crisis & disappointment. The Robux (bucks/money) she was supposed to get seemed to disappear or maybe it never arrived. We then spent time desperately clicking around the game trying to figure out what had happened. Had she really spent all the money so quickly (like in 15 minutes), or had it never been registered? We tried to find our way to the underlying data, ie the list of transactions and were having no luck. This was very frustrating and felt like a complete waste of time. We knew something was ‘off’, but were struggling to establish how, why, and what.

You can have data without information, but you cannot have information without data.

— Daniel Keys Moran

We had neither data nor information we needed to sort the issue out. This is an example on a small scale, but it lends itself well as an analogy for exactly what we try to avoid for our customers in Mantle.

Get your data working for you

We set up solutions to remove all the barriers to information, insight, and performance analysis. We make it easy to drill down from the top-level numbers, cascading effortelssly through different layers of detail and groupings till eventually, you get right down to the crux and can view a copy of the actual original invoice/s. We aim to make running the ‘numbers side’ of your business effortless, by creating windows into your data, so that you can see it in a way that makes sense to you. Here we are talking financial and non-financial data, from a historic, but more importantly a future-focused perspective.

Supersonic Business | 22. October 2020

[SSB#21] Get your data working for you!

Welcome to the 21st edition of our newsletter “Supersonic Business”, a fortnightly publication by me, Laura Landmark, with a focus on business growth, value and performance management, in other words, all things that make a business better.