Rob McGillen
Chief Innovation Officer for CBIZ Financial Services, USA
CBIZ launches AI-powered data analytics and automation service, D@taNEXUS
July 15, 2024
CBIZ, Inc. has taken a significant step forward in empowering business leaders with the launch of its latest innovation, CBIZ D@taNEXUS. This new suite of data analytics and automation services is designed to help businesses, particularly in the mid-market segment, transform complex, multi-source information into actionable insights. By enabling faster, more informed decision-making, CBIZ D@taNEXUS is set to redefine how companies manage their data and operations.
Addressing the challenge of information complexity
One of the key benefits of CBIZ D@taNEXUS is its ability to simplify the overwhelming complexity of business data. In today’s fast-paced environment, companies often struggle to maintain a clear understanding of their operational and financial standing due to the sheer volume and variety of data they generate. This challenge becomes even more pronounced when businesses operate across multiple systems, such as financial, CRM, production, inventory, and personnel management platforms.
Rob McGillen, Chief Innovation Officer at CBIZ Financial Services, highlights this issue,
“All companies struggle with comprehension of where the business stands week to week, and how efforts are trending against targets and goals. This challenge becomes even more complex when multiple business systems are at play, especially when a consolidated or acquired entity joins the company structure and reporting complexity doubles or triples. The risks of misstep, misunderstanding, or misstatement are high.”
CBIZ D@taNEXUS addresses these complexities by normalising and standardising reports and forecasts across various systems, providing business leaders with clear, actionable insights.
“This insight provides client leadership with the confidence and ability to make better decisions faster,” McGillen added. By offering a clearer picture of a company’s performance, D@taNEXUS enables leaders to focus on strategic growth initiatives rather than getting bogged down in data management.
Giving clients a strategic edge
CBIZ’s launch of D@taNEXUS also signals a broader shift in the accounting and advisory industry towards greater reliance on advanced data analytics and automation.
McGillen envisions these technologies playing a pivotal role in shaping industry standards and expectations in the coming years. “Data is the lifeblood of any business, so making things more efficient and more athletically ‘fit’ enables our clients to be higher performers in their chosen markets.” McGillen . “We see it as a necessary capability to remain valuable to our clients as they, and we, grow.”
Ensuring data security and compliance
In an era where data security and compliance are paramount, McGillen is confident about the platform’s security measures, “D@taNEXUS solutions have been built to conform to U.S. privacy standards and have received a thorough review by CBIZ information security personnel. Furthermore, the platforms are GDPR-compliant and leverage industry-leading cloud technologies to deliver services.”
Expanding international capabilities
While CBIZ D@taNEXUS is currently available to businesses across the United States, plans are already in place to expand its reach to multinational clients by 2025.
McGillen explained, “We have envisioned release in multinational scenarios in 2025 as business demand increases. The technologies themselves support all of the typical business systems found and used multinationally.”
As CBIZ continues to innovate and expand, D@taNEXUS is yet another tool that provides a point of difference for the US mid-market looking to make smarter decisions, drive growth, and achieve long-term success.
If you want to learn more about CBIZ D@taNEXUS, please get in touch.
