Business Data Analytics

BETTER DATA ANALYSIS = BETTER BUSINESS DECISIONS

    With the explosion of technology that rapidly advanced the availability of information from the internet, apps, and business software, our economy has gone from information-scarce to data-rich in a very short period of time. This data, if used and analyzed appropriately, can provide businesses with crucial insight into the current health of a Company and the trajectory of a business in the future. This is the basis of what Data Analytics is all about, analyzing raw data and trends to answer many of your Company’s questions. Below are just some of the ways Larson advisors can help you utilize advanced tools to make sense of the overwhelming amount of data surrounding your business.

    FINANCIAL PLANNING AND ANALYSIS (FP&A)

      The key to running a great business is to be able to utilize historical information to make projections of how certain business decisions may impact your Company’s future. With our firm’s expertise in advising Companies for over 45 years from insurance companies to manufacturing, our expert advisors can take your historical data and help you create custom projections for how your business will perform in the future. Users of our FP&A product are able to gain an understanding of:

      • the informal valuation of their business
      • how the business compares to that of industry peers
      • visualization of historical trends of their business including key metrics
      • future business trends based on customizable scenarios 

      In addition, through our partnership with advanced technology vendors, Larson advisors can help automate the FP&A process so your GL package can speak directly with our FP&A tool to gain timely insights to how actual results compare to projections. Let Larson advisors help you appropriately take advantage of key opportunities, and provide you insight into your business that you never knew was possible. 

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      DATA VISUALIZATION

        At Larson & Company we see the increase of data being generated by businesses, and we want to help overcome the challenge of understanding company data and turning it into actionable insights. Our team of experts can help convert raw data into easy-to-understand visuals showing company trends, profitability, performance, and more, enabling you to make data-driven decisions to keep you on track for success.

        Larson & Company can offer standalone engagements or a data analytic dashboard focusing on specific needs. The analytic dashboards are created by our team of experts, using Microsoft’s Power BI, to help create a personal window into company data. Company data can be connected directly with Power BI to get real time insight instead of waiting for quarter or year-end reports. The best part? You don’t have to become a data expert to use and interpret your Company’s information.

        We offer personal attention with our local presence in Utah and have been working many years on the financial side of insurance, nonprofit, government, manufacturing, restaurant, retail, and other industries. Our team is ready to help guide you to implementing these tools and help you visualize your company’s available data for quick access to your overall situation. 

          Examples of analytic measures for your company:

          • Revenue stream and profitability
          • Product Performance
          • Product Profitability
          • Billing and Collection
          • Value Drivers
          • Cash Flow

          FRAUD, WASTE, & ABUSE DETECTION AND PREVENTION

            According to the Association of Certified Fraud Examiners’ 2020 Report of the Nations, Fraud, Waste, and Abuse account for 5% of an entity’s business revenue each year. Perpetrators are also getting more sophisticated as businesses’ technology evolves in this digital age. Therefore, methods to prevent and detect fraud also need to evolve. Our firm’s experienced advisors are well trained to help guide businesses to:
            • • analyze and identify internal control gaps to prevent and detect fraud
            • • using specialized tools to help detect and identify risks of fraud
            • • provide ongoing assessment of controls and analysis of transactions to mitigate risk of fraud

            Larson advisors stand ready to help your business advance into a faster, more accurate age of data usage to keep you competitive in this age of digital commerce. Please contact your Larson advisors for any questions you may have at 801-313-1900.

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            Andrew Wan

            CPA, CFE

            (801) 984-1829
            awan@larsco.com

            Forbes 2021 rated America's best accounting firms

            OUR LOCATIONS

            Salt Lake City, UT
            11240 South River Heights Drive, South Jordan, UT 84095

            (801) 313-1900

            Spanish Fork, UT
            765 N Main
            Spanish Fork, UT 84660

            (801) 798-3545

            Moab, UT
            285 S. 400 E.
            Moab, UT 84532

            (435) 259-9100

            St. George, UT
            321 N Mall Drive, Bldg. R
            St.George, UT 84790

            (435) 674-6789

            Las Vegas NV
            Larson, Swan + Gardiner

            9005 W Sahara Ave
            Las Vegas, NV 89117

            (702) 869-9700

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