March 23, 2023

Village Fund

From Manual to Digital:Transforming Data Management for Thailand’s Village Fund

Business Analysis and BI Dashboard Development

Project Overview

Embarked on an innovative project to digitalize the internal information of financial transactions within each village and their financial statements, which were previously reported to the Village Fund Office on paper. This project aimed to streamline these processes through a user-friendly mobile application and a comprehensive BI dashboard. By encouraging villagers to use the app, we sought to digitalize their information and provide them with a powerful tool to forecast and manage their financial data effectively. This initiative particularly benefited senior citizens with minimal technological exposure.

Understand the problem

Problem Statement

The Village Fund faced significant challenges in collecting and managing data due to reliance on various channels, both manual and digital, which led to errors, inefficiencies, and a lack of transparency. Financial transactions and statements were often reported on paper, complicating the data management process. This made it difficult to utilize the data effectively and hindered the ability to make informed decisions.

Our Process

①

Define the question

  • Analyze Needs: Morestudio examined the existing data within the system to understand the core issues and identify the necessary data for effective decision-making.
  • Proposal: Solutions were proposed to the Village Fund, focusing on key data points that would be most beneficial for their operations.

②

Collect data

  • Data Gathering: Data was collected and migrated from various sources into the Power BI system, ensuring that all data inputs were up-to-date and accurate.

③

Clean the data

  • Data Management: The existing data was inspected, filtered, and formatted. We removed any erroneous or unnecessary information, categorized the data, handled missing values, and verified data accuracy to ensure high-quality data for analysis.

④

Analyze the data

  • Data Analysis: Utilizing various techniques such as statistical analysis, forecasting models, and trend analysis, Morestudio summarized and interpreted the data to make it actionable for the Village Fund's decision-making process.

⑤

Visualize & share your findings

  • Dashboard Development: Designed and developed a comprehensive BI dashboard to present the analyzed data in an accessible and actionable format.
  • Visualization: Created appropriate visualizations and coordinated with the Village Fund to ensure the data met their needs and facilitated informed decision-making.

Results

1

Enhanced Transparency

The BI dashboard significantly improved data transparency, making it easier for the Village Fund to monitor and manage financial activities.

2

Simplified Budget Allocation

The dashboard facilitated more efficient budget allocation processes, such as approving budgets for loans and public projects.

3

Clear Standards for Budget Approval

Established clearer standards for budget approval, allowing for expedited processes if funds met the established criteria.

Key takeaways

1

Thorough Business Analysis

Our detailed analysis ensured that the Village Fund's data was accurately collected, cleaned, and analyzed to provide valuable insights.

2

Effective Data Management

Improved data collection, cleaning, and analysis processes ensured high-quality and actionable data.

3

Visual Impact

The user-friendly BI dashboard enabled the Village Fund to make informed decisions quickly and accurately.

Learn more about how Morestudio can help your organization enhance its data management and user experience.

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