SeedMetrics Blog
Where Strategic Analytics comes to Life.
What is Business Intelligence: A Guide for Startups
Many founders and executives don’t need convincing that business intelligence and data analytics add value to their startup. From ongoing management dashboards to acute analysis of customer behavior, the value of business intelligence platforms and strategic analytics are clear. What most founders need is a guide to get started.
6 Use Cases of Business Intelligence for every Startup
As startups are increasingly shifting focus to profitability, it’s more important than ever that startups are efficient with their talent and resources. High performing founders are no longer content with a 45-day lag to get eyes on a static business performance report. Instead, they rely on real-time insights to make data-driven decisions quickly and efficiently.
Product Release: Customer Analytics
Manage KPI’s such as churn and lifetime value, while diving deeper into customer segmentation and analysis:
Who are my top performing customers? And why?
What percent of our new customers will we retain for at least 12 months?
What is the cost to acquire a winback?
Understanding LTV:CAC for Product/Market Fit
LTV:CAC is often thought of as a signal of profit or ROI, but for startups and growing businesses it represents a lot more. You can even make the argument that it’s the most important metric for startups to track.
Product Release: Sales Funnel Analytics
Keep a pulse on crucial KPI’s like deal volume and time-to-close while also answering critical business questions:
Where are my top performing customers coming from?
How many leads do we need to generate to hit our revenue target?
Which of my Sales Engineers convert demo’s at the highest rate?
Repurchase Rates
Repurchase rates are one of the most overlooked KPIs for E-commerce brands. Instead of trying to drive repurchase rates, organizations should be be letting repurchase rates tell them about their customer and what marketing strategies are most effective in reaching them.
Product Release: Forecasting and Scenario Planning
It’s Q2 and your budget is already outdated, the SeedMetrics forecasting tool allows you to consistently look ahead and plan for different scenarios.
Key Highlights:
Dynamic Forecasting
Cash Management
Scenario Planning
Product Release: Detailed Financial Analysis
Take a deeper dive into your financials to understand the drivers of outcomes.
Key Highlights:
Dynamic Variance Analysis
Liquidity Analysis
Drill-Down by customer/vendor
Product Release: Automated Close Reporting
We cut out the manual exports and error-prone spreadsheet work, simplifying your ability to regularly review business performance.
Key Highlights:
Automated Data Extraction
Budget-to-Actuals
Financial Review