Healthcare
The healthcare industry is flooded with data. However, data by itself is not information, and information without context is not actionable. Our proprietary analytics suite is built on broad industry and subject matter knowledge to proactively help our clients with the information they need to achieve health.
Solutions can include:
Hospitals & Health Systems
Post-Acute Providers
Community Health Centers
Learn MoreHigher Education
At Forvis Mazars, we value the people behind higher education and appreciate each institution’s contribution to our future. Our consultants possess extensive knowledge of the education system and leverage advanced data and analytics capabilities to assist schools in identifying areas for improvement. We can help you achieve your school’s mission and goals by providing academic program and portfolio reviews, compensation studies, benchmarking, strategic planning, and change management.
Solutions can include:
Unlock the full potential of your academic portfolio with Program Economic Analysis (PEA), our advanced model that leverages your historical data to provide insights into the financial impact of your programs. This analysis helps you identify and quantify revenues, costs, and opportunities within your academic portfolio. This information can assist in developing a strategic academic plan that promotes financial stability and supports your institution’s mission, fostering a sustainable future.
Whether your institution is charting a new path toward financial health, or well on its journey of intentional growth, misguided program investments can hinder your ability to achieve your mission by constraining financial success. PEA can help you identify where to make program adjustments, building financial health through program efficiency and intentional investment.
These analytics can help identify fraud, waste, and abuse in payment data, including accounts payable, purchasing cards, and payroll. Our clients come to us for multiple reasons: overall concern about fraud, knowledge of an active fraud scheme, or need for an innovative, data-driven approach to an internal controls review. Our Certified Fraud Examiners can help identify risk areas and deliver insights through interactive dashboards.
Benchmarking
We leverage industry data to help you better understand your position in an increasingly competitive landscape. Our time-saving platform helps you drill down and interactively compare benchmarking metrics, giving you flexibility to perform comparative analysis, identify trends, and evaluate metrics beyond standard IPEDS Data Feedback Reports.
Learn MoreFinancial Services
Whether you need assistance with regulatory compliance, competitive analysis, or risk mitigation, we can help transform your financial institution’s data into insights and action items. We leverage our extensive industry knowledge and experience to create products and services that can help you achieve your institution’s goals.
Solutions can include:
Relationships and trust are cornerstones of any business; however, financial institutions that rely too much on trust in their lending processes are vulnerable to fraud.
Loan Portfolio Risk Analytics combines advanced analytics with fraud investigation experience, giving you confidence in your loan portfolio by:
- Examining loans for anomalies and red flags of fraud
- Gaining insights from our Certified Fraud Examiners
- Monitoring continuously to turn data into actionable insights
Employee Account Risk Analytics
Employee accounts at financial institutions present additional fraud and abuse risks beyond those for a typical account. Employees have access to internal systems, knowledge of business practices, and, in some cases, the ability to circumvent or override existing internal controls. Employee Account Risk Analytics can monitor your employee accounts to help identify red flags consistent with fraud and abuse.
These analytics can help identify fraud, waste, and abuse in payment data, including accounts payable, purchasing cards, and payroll. Our clients come to us for multiple reasons: overall concern about fraud, knowledge of an active fraud scheme, or need for an innovative, data-driven approach to an internal controls review. Our Certified Fraud Examiners can help identify risk areas and deliver insights through interactive dashboards.
Regulatory Compliance
Regulatory compliance can be a challenge, especially when it requires data analysis in a difficult format, such as text files. Often, these files were created to log activity and not designed for mass analysis. We can help wrangle and analyze this data. We’ve assisted clients in responding to regulatory pressures in several ways:
- Analyzing NSFs that meet certain fact patterns, such as multiple representments or positive authorization with negative settlement
- Comparing data between disparate systems to help identify gaps
- Applying business logic to transaction histories to recalculate what should have happened to help rectify miscalculations and make customers whole
Manufacturing & Distribution
The manufacturing and distribution environment can house tremendous amounts of data across many disparate systems. From production details to bill of materials tracking, route mapping, customer data, and typical financial reporting, our analytics professionals can help put that data to work for you. Our team utilizes a robust methodology to help transform that data into actionable analyses for our clients.
Solutions can include:
Cash Flow Forecasting
Building 13-week cash flow rollers to assist C-Suite teams in managing the timing of cash flows.
Cost Accounting Assistance
Assisting manufacturers with a variety of cost accounting issues.
Data Cube Builds
Assisting transaction advisory teams with building a single transactional database within the historical period being subjected to diligence procedures.
Labor Analysis
Computing contribution margin by individual direct employee. Also performing efficiency analysis at the individual direct employee level.
Production Line Analysis
Projecting contribution margin by line/department based on actual results and theoretical engineering standards.
Scenario Analysis
Assisting manufacturing CFOs with a variety of what-if scenario analyses related to production, expansion, contraction, and spin-offs.
SKU Margin Analysis
SKU level contribution margin analysis, either standard or actual costing, presented in segmentation views (by customer, region, product type, end market, etc.).
Tax Analytics
We can help transform your tax data into actionable improvements to reduce financial errors, mitigate audit risk, and enhance operational efficiency—all while maintaining agility amid changing tax legislation. We facilitate the breakdown of data silos between departments to create a single source of truth. Our cloud enterprise products integrate with your environment, helping close the connectivity gap between tax and finance.
Utilizing a single enterprise tax database platform can help you streamline operations and improve accuracy by consolidating disparate tax data sources into a unified system, enhancing data integrity, and facilitating seamless reporting and compliance processes.
Solutions can include:
Apportionment Analysis
Our State Tax Apportionment tool helps companies automate their state tax apportionment based upon the tax filing methods and apportionment rules specific to each state and operational structure. Controlled by the user, this convenient resource allows on-demand processing and reporting, including the ability for scenario planning. It also features key reports and data visualizations for audit details and analytics.
Book to Tax Analysis
Our Taxable Income Automation tool helps companies automate their taxable income computation based upon their trial balance structure(s) and specific tax adjustments. Controlled by the user, this convenient resource allows on-demand processing and reporting, including the ability to customize the interface with tax compliance and provision software(s) in use. It also features key reports and data visualizations for audit details and analytics.
Sales & Use Tax
Processing monthly sales data across the various states your organization operates in can be complex and time-consuming. Our Sales & Use Tax tool will examine your sales data and interface with popular tax engines like Vertex to help verify your sales tax returns are accurate and filed on time.
SALT Nexus & Exposure Analysis
Each state has different rules and thresholds regarding when a company is required to file state tax returns. Through our analytics, we help identify the state(s) in which a client has nexus and establish whether they’re required to file state tax returns.
Transfer Pricing Analysis
This tool helps companies manage expense allocations to their foreign subsidiaries and affiliates. Users can build rules to drive allocations from multiple corporate headquarters across all entities, as well as generate data to drive intercompany invoices. Interactive dashboards can help you to see year-over-year and quarter-over-quarter trends and view advanced analytics from allocating entities, as well as receiving entities.
Learn MoreTransportation
Profitability Analysis & Network Management Services
Powered by Freight Network Navigator™
Navigating the complexities of your freight network profitability can be challenging without the right tools and resources. That’s why we’ve developed a suite of Profitability Analysis & Network Management services, combining decades of experience in the trucking industry—both as consultants and freight data analysts—with our proprietary Freight Network Navigator™ tool designed for carriers.
By leveraging your operational and financial data, this tool can help you gauge your business’s profitability. Features include:
- Pricing tools
- KPI dashboards
- Network footprint analysis
- Profitability analysis from a geographic view down to the customer lane and load level
- Market data for benchmarking against competitors
Explore how our experienced transportation consultants can help you outpace your competition and accelerate down the road to sustainability.
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