IPF moved their group strategic reporting to the Pyramid Platform and enabled governed self-service analytics
Richmond was part of the team charged with elevating IPF’s analytics game and transitioning from on-premises systems to the cloud. In November 2018, after evaluating software vendors, IPF chose Pyramid Analytics, a pioneering decision intelligence platform, for several reasons:
- IPF wanted both graphical and list reporting. Previously, in order to create the data visualizations they wanted, they’d use their BI tool. For the lists of customers they needed, they used their SQL Server. Pyramid let them do both better, faster, and more reliably in one place.
- Pyramid fits easily into IPF’s existing data stack, including Snowflake, their new cloud-based data warehouse. They now had multi-source direct access to any data at scale in a single view and were able to direct query on Snowflake.
- Pyramid offered a simple licensing model with the ability to modify capabilities at reasonable prices. Colleagues at IPF were able to get up to speed quickly with the support of Pyramid’s customer implementation and customer success programs.
“I’ve been working in BI for many years, trialing many BI platforms and I didn’t want our legacy technology to hold us back,” said Richmond. “The move to the Pyramid Decision Intelligence Platform has played a large role in helping us rebuild the trust in our data and our ability to deliver insight quickly. Now the entire team trusts the data and can make faster, more intelligent decisions.”
The Pyramid Decision Intelligence Platform provides the team at IPF instant access to any data, enables automated and governed self-service analytics for any person, and serves any analytics need, from the simple to the sophisticated. See the platform in action.
“Through simplifying the generation and distribution of analytics, we have changed the way our business views data. Knowing that our employees have a governed self-service portal in which to create their own reporting is a positive step forward for our entire organization.” Migrating key operational reporting to the Pyramid Platform from their on-premises legacy systems has saved IPF around $37,000 a month in support costs and SQL licensing. They also migrated key regular reporting for their Credit & Risk and Loss Prevention functions to Pyramid and introduced self-serve analytics to these departments. They also made dashboards available to users at the Board level.
“It was so easy to onboard our employees on the Pyramid Decision Intelligence Platform. The no-code platform enabled us to put the power of analytics in the hands of any person in our organization,” Richmond says. “This is a massive change for us because, previously, they would get their information by a data dump from our SQL Servers and be asked to formulate it as they liked.”
“Not only have we made use of Pyramid for our customers, but we’re also using the Pyramid Platform internally within my team to monitor our process execution for our data warehouse. We’ve got automated data quality checking against other sources, so we know our data warehouse is consistent and correct.”
THE FUTURE
Migrating everything to a unified, complete decision intelligence platform
Richmond and his team are rolling out a weekly operational performance dashboard to their executive board to deliver insights into daily work. Because they are logging into the Pyramid Decision Intelligence Platform themselves, they no longer spend their valuable time sifting through reams of Excel reports.
Next on the agenda is working with the accounts department to migrate cost-center reporting from Excel and therefore removing further manual reporting from the finance team. IPF is also starting to use Pyramid for geolocation and KPI mapping data, automated financial-scenario modeling, and to support their budgeting process.
“We are actively, regularly going through all our existing reporting with a view that we’re going to migrate as much as we can to Pyramid,” Richmond says. “Pyramid is part of our technology stack, it’s not just a replacement or a new reporting tool, it supports the end-to-end process from data to decisions.”
The Pyramid Platform enables faster, more intelligent decisions with any data, for any person, and any analytics need. Now that you’ve seen how Pyramid helped IPF, see a demo of how we can help transform decision-making in your business.