Our ability to connect disparate data sets into a custom dashboard alleviates the need for an executive leadership team to login into separate systems every day and manually piece together Sales, Expense and Labor performance. We brought visibility into performance data in a real-time fashion.
Formed in 2012, with the acquisition of their very first nightlife establishment, Ignite Entertainment Cincinnati has since created more than a dozen specialized entertainment destinations in the heart of the Queen City.
Challenges they faced
A decade of rapid growth resulted in significant operational complexity with managing vendors, resources, and overall reporting. The Ignite leadership team needed a way to consolidate performance data, spending history and labor information to provide insights into each establishment week-over-week and month-over-month.
Enter N Solutions:
By creating a fully customized dashboard, Ignite Entertainment now has access to Key Performance Indicators at their fingertips enabling the following results:
- A management tool delivered via an interactive dashboard which visualizes positive and negative performance trends.
- Consolidated data from 6 sources reducing the overall time to research and cross reference data across service providers.
- Improved speed to data – they’re no longer reliant on solely their regular financial reporting but instead utilizing operational data that is refreshed at the end of each week.
- Added negotiating power with vendors by trending purchase history against Consumer Price Index to identify whether increases are correlated to inflation or are routine mark-ups.
The N Solutions Difference:
After a few brainstorming sessions, we got to work ingesting the various datasets and quickly created an interactive dashboard for the leadership team to react to week-over-week. Once we settled on an effective set of visuals that depict what’s happening across their locations and vendors, N Solutions brought data-driven recommendations to their processes, added operational controls, and helped maximize their profit margin.