Business Intelligence Software and Predictive Analytics

Transform Data into Business Insights with Predictive Analytics 

Truly revolutionizing work management takes more than gaining control of documents and routing them through a process. In order to get the complete value of an ECM solution, it is necessary to gather and interpret data to identify opportunities for process improvement.

Our solution, FileBound, is a robust predictive analytics software that empowers business owners to exploit the full value of the data in their content management systems to make more informed and better business decisions. Business intelligence software helps organizations optimize their working capital, improve the ability to meet contractual obligations, and fuel process improvements.

Based on historical data, statistical algorithms and machine learning, Filebound Analytics can predict future performance and establish benchmarks. The system’s robust back end means that predictive analytics functions can be easily utilized to unlock valuable insights, without advanced technical expertise.

Customizable Dashboards for Analytic Insights

Five “Insights” dashboards are available, which use the performance of historical data and processes to compare current performance against the running average and even predict the future flow and progression of various processes.

1. Predictive Analytics: Provides insights into how quickly items will reach their completion based on the historical averages of the workflow patterns (e.g. see how quickly invoices will be ready for payment, allowing you to predict the effect on cash flows at any point in your payment cycle).

2. Performance Comparison: Displays a split of the total accounts in the system and how, as an example, payments to vendors sum to total the expenditures for that timeframe.

3. Workflow Benchmark: Shows the amount of time it took to process a single, selected document through its workflow route, which allows managers to make key decisions in how to best align resources and allocate work.

4. Workflow User Productivity Analysis: Gives a detailed performance overview for the selected user’s assignments. This helps identify bottlenecks in the company’s overall processes, which can increase efficiencies and help alleviate resourcing issues before they become problematic.

5. Workflow Step Productivity Analysis: Visually see an overall view of the total performance for anyone step in a workflow and compares it to the running average. Identify top performers and highlight lower performing resources who may benefit from additional training.

Realize the Benefits of FileBound Predictive Analytics Software:

• Empowers business leaders to track strategic progress as well as tactical tasks
• Improves business decision making with insight that is important to the C-suite to meet enterprise goals
• Predicts future performance using historical benchmarks to support timely, informed decision making
• Establishes real-time benchmarks that can be used to create realistic service level agreements (SLAs), document compliance with SLAs and identify areas for improvement
• Provides an overview of the complete demographics and trends of the content contained in stored documents
• Informs business leaders of current trends or events that could affect future productivity or competitiveness so steps can be taken to future-proof operations
• Create individualized dashboards to provide management at any level with the information they need most
• Predictive capability improves over time because it’s based on historical data and machine learning within the business intelligence system
• Requires no special training or database skills so your entire team can immediately reap the benefits
• Included as a standard capability of the FileBound Enterprise Edition
• Simple drop-down options let users change the parameters on the fly