Companies waste a lot of time in compiling data and creating warranty reports needed to manage warranty performance.  Only a few people with technical know-how can get to the warranty data, which is collected from a multitude of data sources; this can be a very time consuming and complex process.  No hassle warranty analysis means that the warranty reports, analysis and data are in the users' hands in an easy to use interface hiding all the complexity of data collection, data relations and database queries. No hassle warranty analysis can provide many benefits to companies. 

Some benefits include:

• Improved  accuracy and real time nature of the data being used in warranty analysis
• Online access to all users that can act on the insights from warranty analysis
• Improved productivity by eliminating time consuming efforts in compiling reports manually
• Automated report distribution through email or a central report repository

Spend time on insights and not data compilation

How much time is spent by the warranty department to compile reports for others in the company?

People tend to create spread sheets, local databases and their own query or extract programs to perform warranty analysis. A Consolidated and Centralized warehouse can provide a single source of truth.  The reports can be created on demand, delivered as per schedule or based on certain events or triggers. Reports can be organized into dashboards that include the critical metrics that your company cares about. Users can then drill down to the detail of the reports and even the underlying transactional data.

Analysis is not just for the select few

Who in your company can access and analyze warranty data today?

The power of the analytics need not stay in the hands of a few that know how to navigate the technical complexities of a reporting or analytic tool. When you allow business users to easily perform the tasks of running reports or analysis on warranty data, you are creating a user sourced analytics solution rather than relying on time consuming efforts of the IT group. A simple drag-and-drop interface can make business users into warranty analysts in a very short time.

The data in a transactional database is complex and difficult for end users to understand. The data can be organized for more intuitive use into dimensions and metrics in a warranty warehouse. Users don't have to concern themselves too much with the data relationships, calculating metrics and complex queries.

Warranty analysis is a lot more than a BI tool

It is not about the Business Intelligence (BI) tools and platform but more of a business solution in the warranty domain. IT may feel that they have invested in another BI tool set or have a BI with another enterprise application like ERP or CRM. The more BI tools are invisible and let the users focus on business solution, the better value the companies can realize.

If you buy a BI platform and try to implement from scratch, it may take thousands of hours and many months or even years to get a usable solution in the business users' hands.  A packaged and integrated warranty analysis that is closely integrated with a warranty transactional system can cut down the time and effort to less than one tenth of that effort and duration.  Having built-in metrics and reports for warranty specific domain like warranty accruals and CPU (cost Per Unit) will make life easier for everyone involved.

Having easy to use warranty analysis capabilities in all stakeholder's hands need not be a big hassle with integrated warranty analysis provided with software products like 4CS iWarranty.  4CS iWarranty leverages industry leading and an easy to use BI platform to provide pre-packaged warehouse, analytics and reports to get you started fast and cost effectively.