Advisory XBerts

Using Custom XBerts to build Advisory Services

Aaron Wittman avatar
Written by Aaron Wittman
Updated over a week ago

Advisory services have long been a cornerstone for businesses seeking expert guidance to navigate the complex landscape of finance and management. However, the traditional advisory services model often involves time-consuming manual reviews of reports and data, a process that can lead to delays in decision-making. Enter Advisory XBerts, a transformative approach to revolutionise how advisory services are provided.

Advisory XBerts introduces a suite of Custom XBerts designed to offer "Just in Time" management solutions. These intelligent systems are configured to monitor critical review events, thereby operationalising the advisory process. This innovation immediately alerts advisers, clients, and internal teams to significant events without cumbersome report analysis. This shift towards a proactive advisory model ensures that critical information is promptly identified and addressed.

One of the standout features of Advisory XBerts is its ability to leverage profit and loss variance. By configuring this tool with clients, advisers can share insights when material changes occur within a business. The new XBert technology enables tracking variances as a percentage across any account. This allows advisers to work closely with clients to set up and control conditions for review. For instance, businesses can be automatically alerted when expenses exceed predetermined margins, when material sales drop, or when unexpected spending patterns indicate a need for immediate review.

You can make sure that the right person is notified and can respond quickly when an event of interest happens, drastically changing the dynamics of management account conversations.

The immediacy with which changes to the ledger are communicated is the most crucial advantage of Advisory XBerts. It eliminates the lag between event occurrence and awareness, ensuring businesses are always in the loop with real-time updates. This level of responsiveness is critical for maintaining a competitive edge in today’s fast-paced business environment.

In summary, Advisory XBerts heralds a new era in advisory services. Integrating real-time monitoring, custom events, and immediate notifications allows businesses to stay ahead of the curve, responding swiftly to financial events as they happen. With Advisory XBerts, the future of advisory is not just about providing insights – it's about delivering them exactly when they are most needed, redefining efficiency and effectiveness in business management.

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