“Seamless Rebuild of Channel Data Pipelines In Private Equity Spin Off”
|Finance, Software, SaaS||Quicken (Intuit)||Channel Sales, E-Commerce & Financial Reporting||2021||Data Discovery, Data Pipelines, Data Migration, Reporting, Data Visualization|
Quicken is a personal finance and money management software company. Originally part of Intuit Inc. (a global player with $12bn in revenue and 14,000+ employees), Quicken was spun out by Intuit in a private equity transaction to HIG Capital, having achieved 50% growth over 5 years with 2m active users.
Rebuilding critical operational data pipelines in a private equity spin off is a challenge; maintaining the integrity of these mission-critical data pipelines so that the new C-suite has reliable, consistent operational data transparency is even more challenging.
Bomisco was tasked with ensuring that Quicken’s new leadership team could have enterprise-grade data rigor for its business performance data and minimize disruption post-spin off. The answer lay in carefully rebuilding critical data pipelines for e-commerce, retail sales, inventory and product usage data underpinning decision grade reporting to the new management team.
Under time pressure with a transition services agreement nearing its end date there was no margin for error; setting up the channel and sales data pipelines to rebuild thousands of sales and inventory transactions from Quicken partners and retailers required a specialist approach.
Bomisco’s DataOps approach was the right fit for such a project.
By leveraging cloud data infrastructure, secure data storage and staging and managed ETL processes to deliver clean data continuously against a stringent Service Level Agreement, Bomisco was able to meet Quicken’s needs for this critical data project.
Bomisco successfully rebuilt channel sales and e-commerce data pipelines and reporting into Quicken’s infrastructure 2 months ahead of schedule while delivering savings in excess of $1m over a Big 4 type/large IT services provider consulting approach.
The executive team now has their finger on the pulse – with channel and e-commerce sales metrics reported daily, automated and delivered 4 hours faster than the previous setup.