An alyx™ case study
Challenge
When an organization’s technology systems don’t handle data smoothly, the organization can lose time and opportunity. The employees at an investment firm had to bridge disconnected systems with manual processes, spending weeks to prepare the documents required for every audit. All of the manual processing created a time crunch before every audit, and it didn’t give executives much business insight into the data.
The firm needed to prepare audit documents with a more efficient process that would also capture data to drive business decisions.
Solution
A Grant Thornton auditor saw that the firm’s employees were delayed with manual processes. The auditor presented this problem to the alyx platform, which recommended an Alteryx workflow solution. The alyx team helped the auditor develop automated workflows that receive the firm’s raw data, then dynamically generate audit documents along with executive insight reports.
Auditors can now run the workflows with the click of a button, whenever needed. When processes change, the workflows are adjustable without having to start from scratch, as was required for the traditional formulas, v-lookups and pivots in the firm’s old processes.
Results
alyx empowered the audit team member, and now the firm’s employees are saving 80% of the time they used to spend on work that has been automated. So, the new solution gives employees more time for strategic work.
The new solution also gives executives better insights into their audit data. The automatically generated reports and results have already identified issues for leaders to consider, driving new discussions and better business decisions for the company. Now, the company has a mindset for efficiency and automation at every level.
This project was just one of the solutions that make our clients thankful they can call on the power of alyx:
Contact:
Janet L. Malzone
CEO, Grant Thornton LLP
Principal, Grant Thornton Advisors LLC
Janet Malzone is the CEO of Grant Thornton LLP and a principal at Grant Thornton Advisors LLC. She is also a member of the Executive Committee at Grant Thornton Advisors LLC.
Chicago, Illinois
Industries
- Manufacturing, Transportation & Distribution
- Transportation & distribution
- Technology, media & telecommunications
Service Experience
- Audit & Assurance
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