Service Category: Business

Analytics Production Process

The newly created analytics department follows a complex and systematic sequence of steps aimed at collecting, processing, and interpreting data to provide valuable insights that support the company’s strategic decisions.

• Data Collection and Pre-Screening

Data Sourcing:

Our analytics team identifies key information sources, both internal and external.

• Internal Data: Includes weekly, quarterly, and annual financial reports, sales data, and operational and technical metrics.
• External Data: Ranges from market trend data to competitor reviews and statements from world leaders.

Pre-Screening: Initial validation ensures the relevance and reliability of the data collected

Data Processing and Finalization

Processing: The data collected undergoes several steps to prepare it for analysis:

• Error Cleaning: Removing inaccuracies and inconsistencies.
• Standardization: Converting data into consistent formats.
• Conversion: Transforming data into easily analyzable formats.

Tools and Technologies: Utilizing various data processing tools, technologies, and rigorous quality control measures to ensure high data integrity.

Two-Stage Analysis and Modeling

Fundamental and Technical Analysis: A team of analysts conducts an in-depth analysis using various methods and models to uncover insights.

• Statistical Analyses: Identifying relationships and patterns within the data.
• Machine Learning: Employing algorithms to predict trends and behaviors.
• Time Series Studies: Analyzing data points collected or recorded at specific time intervals to detect trends and seasonal variations.
• Other Techniques: Using advanced methodologies to gain deeper insights.

Modeling:
Developing predictive models to support strategic decision-making, optimizing processes, and enhancing business performance.

By following this structured approach, our analytics department ensures that data-driven insights are accurate, relevant, and actionable, ultimately supporting the company’s strategic goals.

Visualization and Interpretation

Clear Visualizations:
The results of our analyses are transformed into easy-to-understand visualizations. This ensures that both analysts and partners can grasp complex information quickly.

Types of Visualizations: Graphs, charts, dashboards, and other visualization tools are used to present data clearly and effectively.

Reporting and Communication with Partners

Presenting Findings:
Analytical results are compiled into comprehensive reports and presentations.

• Engagement with Stakeholders: The analytics team collaborates with management and other departments to discuss findings, ensuring that the insights influence strategic decisions.

By approaching analytics production not just as a technical task but as a strategic function, our department ensures that data is used effectively to support informed decision-making, driving the company’s growth in a dynamic business environment.

Partner Audits by the Analytical Department

Partner audits conducted by the analytical department are essential to ensuring efficiency and compliance with standards when dealing with external organizations. This process evaluates partners’ adherence to established standards of security, confidentiality, and quality of work.

Audit Criteria Development

The Analytics Department develops clear audit criteria to guide the evaluation of partner performance. These criteria include:

• Security Standards: Measures for data leakage prevention, encryption, authentication, and overall data protection.
• Privacy Policies: Anonymization processes, data pseudonymization, access restriction measures, and response to security incidents.
• Data Quality Requirements: Ensuring the integrity, accuracy, and reliability of the data processed by partners.

Partner Selection for Audit

Partners are selected for audit based on:

• Importance to the Company: How critical the partner is to the company’s operations.
• Volume of Data Processed: The amount of data handled by the partner.
• Criticality of Impact: The potential impact on strategic business processes, especially for partners with access to sensitive information.

Systematic Review by Auditors

Auditors from the analytics department conduct a thorough review of partners, assessing various aspects according to the established criteria:

• Data Processing Processes: Evaluating the methods and procedures used by partners to handle data.
• Level of Security: Verifying the effectiveness of security measures and protocols.
• Compliance with Privacy Legislation: Ensuring that partners adhere to relevant privacy laws and regulations.

Security Standards Verification

The audit aims to verify that partners comply with the established security standards. This includes:

• Data Protection Measures: Analyzing the strategies for preventing data leaks, including encryption and authentication practices.
• Incident Response Preparedness: Assessing how well partners are prepared for and respond to security incidents.

Privacy Policy Compliance

Verifying partners’ compliance with privacy policies involves:

• Anonymization and Pseudonymization: Assessing the effectiveness of processes to anonymize and pseudonymize data.
• Access Restrictions: Ensuring that access to sensitive data is appropriately restricted and controlled.
• Incident Response: Evaluating the partner’s preparedness and response measures for potential security breaches.

By conducting these comprehensive audits, the analytical department ensures that partners maintain high standards of security, privacy, and data quality, thus safeguarding the company’s interests and supporting its strategic objectives.

UK and EU tax returns

IWN Group can assist you with filing your UK income tax returns.
We are registered agents with HMRC and can assist clients with their UK tax obligations.

IT solutions for business

We offer our clients IT solutions and local business support services. This service is designed to help you maintain proper accounting records for your business so that you have a system to record all your business transactions.
Together with our partners, we provide all the necessary help and support.

Outsourcing support for calculating partner profitability

Many clients engage our specialists to process their weekly, bi-weekly, monthly or annual payrolls.
This confidential, off-site, online service ensures you are up to date and fully compliant with employment and tax laws, minimizing your administrative costs.

Outsourcing yield support includes the following services:

• Registration
• Issuing weekly, bi-weekly or monthly payslips via email.
• Preparing P45, P35 and P60
• Calculation and submission of income declarations
• Update on changes made by the IRS to employee tax benefits
• Training clients to work with the profitability calculation system.