{"id":27744,"date":"2023-06-08T18:32:41","date_gmt":"2023-06-08T15:32:41","guid":{"rendered":"https:\/\/rettafi-wp37424.test.cchosting.fi\/?p=27744"},"modified":"2023-06-30T09:54:48","modified_gmt":"2023-06-30T06:54:48","slug":"say-goodbye-to-confusing-spreadsheets-retta-insight-makes-data-analysis-easy","status":"publish","type":"post","link":"https:\/\/rettafi-wp37424.test.cchosting.fi\/en\/ajankohtaista\/releases\/say-goodbye-to-confusing-spreadsheets-retta-insight-makes-data-analysis-easy\/","title":{"rendered":"Say goodbye to confusing spreadsheets \u2013 Retta Insight makes data analysis easy"},"content":{"rendered":"\n<section id=\"acf-block-6481f4994863a\" class=\"block block-hero-post container-fluid\">\n\n    <div class=\"block-hero-post__content container\">\n        <header class=\"post-header u-article-reading-width\">\n            <h1>Say goodbye to confusing spreadsheets \u2013 Retta Insight makes data analysis easy<\/h1>\n        <\/header>\n    <\/div>\n\n    \n    <div class=\"hero-meta\">\n        <div class=\"container\">\n            <div class=\"post-header-extra u-article-reading-width\">\n                <div class=\"entry-meta\"><span class=\"cat-links\"><span class=\"screen-reader-text\">Categories <\/span><a href=\"https:\/\/rettafi-wp37424.test.cchosting.fi\/en\/ajankohtaista\/kategoria\/releases\/\" rel=\"category tag\">Releases<\/a><\/span><span class=\"posted-on\"><span class=\"screen-reader-text\">Written on <\/span><a href=\"https:\/\/rettafi-wp37424.test.cchosting.fi\/en\/ajankohtaista\/releases\/say-goodbye-to-confusing-spreadsheets-retta-insight-makes-data-analysis-easy\/\" rel=\"bookmark\"><time class=\"entry-date published\" datetime=\"2023-06-08T18:32:41+03:00\">8.6.2023<\/time><time class=\"updated\" datetime=\"2023-06-30T09:54:48+03:00\">30.6.2023<\/time><\/a><\/span><\/div>\n                <div class=\"share-tools\">\n                    <div class=\"share share-simple id-share id-toggler\">\n    <button type=\"button\" 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  <\/button>\n    <\/div>\n<\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n\n<\/section>\n\n\n\n<section id=\"acf-block-6481f49948654\" class=\"block block-content-wrapper\n\tcontainer-fluid container-fluid\t\">\n\t<div class=\"container\">\n\t\t<div\n\t\t\tclass=\"block-content-wrapper__surface is-plain\">\n\t\t\t<div class=\"row\">\n\t\t\t\t<div\n\t\t\t\t\tclass=\"col-12 block-content-wrapper__column\">\n\t\t\t\t\t<div class=\"block-content-wrapper__layout\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"entry-content u-article-reading-width\">\n\t\t\t\t\t\t\t<div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\"><strong>Retta Insight, a data analysis tool developed by Retta and based on a data warehouse, makes property management decisions better.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The typical situation:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Financial administration data is stored in financial administration systems, while property data is stored in its own systems. When this data is combined, the result is usually a chaotic spreadsheet consisting of numerous tabs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018In this setting, it\u2019s difficult to get a comprehensive view, let alone make the right business decisions,\u2019 says <strong>Mikael Strann<\/strong>, VP, Financial Services at Retta Management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, there is a solution: Retta Insight, developed by Retta and based on BI, is used to manage the information generated by the business by utilising the data warehouse.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How does it work?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018The data that was originally scattered in different source systems is collected in Retta\u2019s data warehouse, where it can be combined, modified, modelled and analysed in many different ways. The result provides clear and versatile reports and visualisations. Retta Insight also enables the timeliness of reports by automatically updating the data at certain intervals. This way, there\u2019s no need to manually screen or update data,\u2019 Strann explains.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The use of data warehouses is not new in itself.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018However, I daresay that the solution we have developed is ground-breaking in the field of property management.\u2019<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Easy and quick custom data<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, you can say goodbye to confusing spreadsheets, but what other uses does data warehouse technology offer a real estate management client?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018The purpose of Retta Management\u2019s financial services is to produce financial data to support real estate management. To make decisions, high-quality financial data and property-specific information is required. That\u2019s what our data-warehouse-based reporting service now offers,\u2019 Strann says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, any information as such is not necessarily valuable or even necessary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018Information in itself is not a key to success, but we must be able to utilise it to support decision making quickly when necessary.\u2019<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is why the reports are tailored so that the customer gets exactly the information they want and need.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strann gives an example:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018A real estate investor typically wants to keep up with the occupancy rate and cash flow so that the rate of return remains at the target level. Another big thing for investors is, of course, how quickly vacant apartments can be rented again. Information can therefore be analysed in detail in Retta Insight, from turnover to the development of expenses and the validity of leases. This will greatly improve predictability.\u2019<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What other detailed information can you look at? \u2018You can see which of the property\u2019s apartments are empty, whether the rental payments are being paid on time, or whether the rental level is developing as desired in relation to the cost structure, for example,\u2019 Strann lists<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/rettafi-wp37424.test.cchosting.fi\/wp-content\/uploads\/2023\/06\/Retta-Insight_grafiikka_2.png\" alt=\"\" class=\"wp-image-27474\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The endless possibilities of data warehouses<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you always had to order or compile more detailed reports separately in the past, now technology takes care of the hardest part.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The development of the new solution started when Retta wanted to offer its property management customers a way to access essential information quickly, effortlessly and without intermediaries. This is now possible with Retta Insight, which is used in a web browser and presents the data clearly as dashboards through which you can get the most from the data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Business-intelligence-based reporting also saves time, as changes and deviations can be more easily perceived through various visualisations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018In the analysis, it\u2019s possible to utilise so-called dimensions, which can be used to examine different combinations of cost items per apartment, compare them and take advantage of organising the data based on specific time periods, for example,\u2019 Strann says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The data is organised into easily perceivable reports for the customer, but this has required a lot of background work at Retta: the harmonisation and modernisation of the financial services system environment, as well as the harmonisation and integration of other data sources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018Until a few years ago, it might not have been possible to know exactly what the data warehouse is capable of. And we still don\u2019t know, because our customers are always coming up with new ways to use Retta Insight.\u2019<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, it is already known for sure that when data warehouses are utilised smartly, decision making becomes faster and easier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018A manual review is no longer required. That time can be used to analyse information and make smart decisions,\u2019 Strann concludes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Additional information:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Mikael Strann<br>VP, Financial Services<br>Retta Management<br>+358 50 324 3582<br><a href=\"mailto:mikael.strann@https:\/\/rettafi-wp37424.test.cchosting.fi\">mikael.strann@https:\/\/rettafi-wp37424.test.cchosting.fi<\/a><\/em><\/p>\n\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"2096,2112,2114,17436,2104,18378","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2],"class_list":["post-27744","post","type-post","status-publish","format-standard","hentry","category-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Say goodbye to confusing spreadsheets \u2013 Retta Insight makes data analysis easy - Staging - Retta<\/title>\n<meta name=\"description\" content=\"Retta Insight, a data analysis tool developed by Retta and based on a data warehouse, makes property management decisions better. 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