Kickstart your Data Strategy at your portfolio company
Data has enormous value and exciting potential. You know this. What’s not clear is what your data could do, or how you turn a mountain of information into something informative and actionable. If, like everyone else, you think it is time to put your data to work, a phase zero assessment from CLA is the place to start.
What is a Phase Zero Assessment?
It’s designed to answer a simple question: what could your data do for you? If there are questions that need answered or problems that need solved, data plays an important role. A phase zero assessment figures out what’s possible, practical, and impactful, then plans a roadmap for data-driven initiatives customized to your objectives. Think of it as the easy way to get a data strategy off on the right foot and moving towards success.
What Does a Phase Zero Assessment Entail?
A systematic approach finds all the opportunities inside your data and uncovers the initiatives with the greatest ROI. The assessment has three phases:
● Discovery – Our team reviews your existing reports, dashboards, data sources, and infrastructure while collaborating with key stakeholders to understand your needs, goals, and challenges.
● Development – Based on the discovery, we identify use cases and make recommendations, giving priority to those projects that deliver high value or quick wins.
● Deliverables – You receive a current/future state illustration revealing how data will evolve after consolidating sources and streamlining processes. That’s accompanied by an implementation roadmap detailing various options, timelines, and associated costs. The final deliverable is a sample dashboard that turns a hypothetical use case into a real-world tool.
By the end of the assessment, you know how data could serve your strategic objectives. More importantly, you know exactly how to proceed (if and when you choose). CLA can stop at phase zero or continue as your partner as you put plans into action.
Who is a Phase Zero Assessment Right For?
Affordable, accessible, and insightful, a phase zero assessment makes sense for any organization (regardless of size, industry, or technical expertise) that wants to do more with their data. Whether you see data as an opportunity, an obligation, or both, the team at CLA can help you move fast and choose wisely. Don’t let data sit in storage any longer – it’s the solution to so much.
What could it solve at your organization? Contact CLA to explore the answer.
Craig Arends is a principal at CLA and is the managing principal of CLA's private equity practice. Craig brings a concentration of experience in providing accounting and transaction structuring advice for leveraged recapitalizations, purchase accounting and SEC reporting, assessing quality of earnings, and GAAP accounting. He has far-reaching experience with critiquing financial models and reviewing target companies' financial performance to identify cost reductions and/or operating efficiencies Craig has more than 30 years of experience in public accounting serving public companies, private equity groups, and companies, including a term as principal in charge of a Big Four Capital Markets Group in Moscow, Russia. He has led financial accounting due diligence projects for private equity investor groups and venture capital funds, primarily in the technology, communications, and manufacturing industries, as well as assisting with Foreign Corrupt Practice Act matters ranging from investigation of payments made, validation of compliance with corporate policies, and review of proposed transactions to ensure compliance. When not working, Craig enjoys watching any sports, but his most favorite are baseball, football and soccer.
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