Enhancing Visibility for Leadership: Unified Platform for Financial and Operational Insights

Business Opportunity

A Comprehensive BI App

The client is an Indian multinational conglomerate that fosters a diverse portfolio of business channels, serving more than 50 million customers with a significant presence in manufacturing, consumer business, and financial services.

The client’s leadership was looking for a common platform that could simplify reporting on monthly/quarterly/annual reports and other key information across their various business channels. Previously, the business data from across the verticals was recorded in Excel sheets.

We developed a business intelligence application that provides the leadership and CXOs with a comprehensive view of business performance, enabling real-time monitoring of financial reports, infrastructure projects, business unit performance, and market dynamics for informed decision-making.

The Challenge

The sheer size of the conglomerate necessitated an innovative approach to business reporting. They faced multiple challenges in presenting business reports including complexities in data consolidation, scalability issues, ensuring version control, lack of real-time updates, and more. The client’s current process hindered collaboration and accessibility. There was a need for advanced analytics.

Our Solution

We developed a business intelligence app (for mobile and web) that allows the leadership to have a comprehensive view of the business. The dashboard developed for visualizing financial reports serves as a powerful tool for the leadership and CXOs, enabling them to easily identify areas of interest and make plans for resolution. The leadership can view the status of ongoing infrastructure projects across the business, providing a comprehensive overview of progress and resource allocation. 

Additionally, the dashboard allows for the quick identification of underperforming and overperforming business units, facilitating targeted decision-making. The solution also includes real-time monitoring of share prices, currencies, and commodities, offering critical insights into market dynamics that can inform strategic planning and investment decisions.

The solution leverages a microservices architecture for enhanced flexibility and scalability. Each microservice focuses on a single business capability (Modularity), allowing for independent deployment without disrupting other services. Decentralized data management ensures each service controls its database, enabling scalability and customization. Fault isolation improves reliability, preventing failures in one service from affecting the entire system.

We developed a sophisticated, customizable notification system to streamline real-time communication of critical business updates to the leadership and relevant CXOs. Leveraging a robust Role-Based Access Control (RBAC) system, this solution ensures that the leadership receives a comprehensive view of all business data. At the same time, each CXO accesses information pertinent only to their specific domain. This targeted approach enhances security, promotes focus, and supports informed decision-making by precisely delivering relevant insights to those needing them.

Results

• Enhanced Decision-Making: The leadership of the conglomerate now accesses real-time insights across all business verticals, leading to more informed strategic planning.
• Streamlined Reporting Process: Improved data consolidation has significantly reduced reporting time and increased efficiency.
• Increased Collaboration: The unified platform fosters better communication and collaboration among the client’s various business units.
• Scalability: The ability to scale individual services based on demand ensures that the application adapts to evolving business needs

Power of Partnership

At the heart of this transformation was a strong partnership between Niveus Solutions and the client. Our wealth of expertise in cloud technology, data analytics, and agile development methodologies allowed us to collaborate closely with the client. Our commitment to understanding our client’s unique challenges enabled us to deliver a tailored solution that would help them drive efficiency and innovation. By focusing on collaboration and continuous improvement, we ensured that the client is well-equipped to navigate the evolving business landscape. This partnership not only streamlined reporting but also empowered the leadership team with real-time insights, enabling informed decision-making across their vast business portfolio. At Niveus, we don’t just deliver solutions—we forge partnerships that drive success and long-term impact.

Benefits of Niveus’ Application Development

• Improved Flexibility and Scalability: Our applications are designed to adapt to changing business demands and scale resources efficiently.
• Faster Time to Market: We ensure independent development and deployment of services for quicker delivery of new features.
• Better Fault Tolerance: We enable independent services to ensure system stability, preventing disruptions from affecting other areas.
• Enhanced Maintainability: We implement simplified updates and optimizations, reducing downtime and operational costs.
• Continuous Delivery and Deployment: Our applications are designed to support agile development for rapid, ongoing updates that align with business needs.
• Multi-platform development: Applications are developed using a single code base supporting a wide range of devices and platforms.