Driving Growth through Data:
Spreedly's Partnership with Aryng
Spreedly is a payment orchestration pioneer that is transforming the payments ecosystem through its tokenization, payments vault, smart routing, optimization and orchestration capabilities.
A FinTech pioneer was facing significant challenges in conversion, pricing and cost
optimization while fielding data inconsistencies and lack of trust.
Aryng’s Data Science Readiness Assessment helped isolate friction points in their current business processes and identified issues with fragmented data, data inaccuracy, redundant tools and absence of shared metrics.
- Resolved data issues by implementing a democratized Single Source of Truth (SSOT) with over 300 key metrics
- Developed a strategic data science roadmap for the business.
- Built KPI dashboards to monitor performance
- Implemented analytics capabilities to gain valuable insights
- Resulted in a revenue uplift of $8.4 million
- Minimized loss by $1.7 million
HEAR FROM SPREEDLY TEAM
“Aryng helped us mold our short, medium & long-term vision. They aided us in creating a strong strategic roadmap to help us achieve our goal of being a data-driven organization. They helped us establish a single source of truth & also laid the foundation for repeatable scalable data models.”
“Aryng Transformed Our Pricing Strategy and Delivered Exceptional Results. Their Looker dashboards provided a comprehensive breakdown of revenue and costs, benefiting us greatly. Aryng’s speed and ability to overcome bottlenecks impressed us.”
“Our partnership with Aryng was a game-changer for our business. Aryng exceeded our expectations by orienting and level-setting the executive leadership team and looking at our business across all the different lines of business we provide.”
“As a rapidly growing company, we recognized the need for deeper insights from our data to drive our business forward. We wanted to uncover new opportunities and expand geographically. Aryng dove into our data, identified trends, and provided actionable recommendations linked to our business plans.”
What we did and produced
Aryng conducted a comprehensive data & tech assessment for Spreedly, addressing their challenges through a series of workshops:
- Data Science Strategic Roadmap & OKRs
- Connecting strategic initiatives with a measurement framework
- Creating an operational roadmap and establishing people and process planning along with a comprehensive technology roadmap.
OKRs & their essentiality: a unique approach by aryng
At Aryng, we harness the true power of OKRs by establishing an intricate connection between objectives, initiatives, and quantifiable results. Delving beneath the surface level to map OKRs to critical operational functions, we then leverage the KPI Dupont exercise to identify and capture key metrics that help define the SSOT.
Aryng’s OKR approach helps clients establish a measurement framework and achieve OKR transparency and traceability as follows:
- Objective to Initiative Mapping: We define how objectives align with specific initiatives, ensuring a clear connection between the desired outcome and the work required to achieve it.
- Influencing through Metrics: We emphasize quantifiable metrics to assess the impact of each initiative, allowing us to measure progress and anticipate the expected change accurately.
- Cascading Alignment: Our OKRs cascade throughout the organization, starting with the top management's objectives, aligning team initiatives, and trickling down to individual metrics.
- Goal Clarity and Efficiency: By distributing goals among sub-teams, we foster a collaborative environment where every team and individual understands their role in achieving organizational objectives.
Through our unique application of OKRs, Aryng empowers organizations to drive meaningful outcomes, effectively track progress, and achieve Success.
KPI DUPONT & SSOT
Driving Results: Aryng's KPI Dupont Approach in Building SSOT
At Aryng, we utilize the KPI Dupont framework in a distinctive way to
drive the development of a Single Source of Truth (SSOT) which
refers to a centralized, reliable, and authoritative data repository that
serves as the definitive reference for an organization.
Here's how we leverage KPI Dupont and SSOT to bring structure and coherence to the organization:
KPI Dupont Framework
- Identifies top KPIs and their drivers, allowing us to focus on fundamental metrics that have a significant impact on business operations.
- Aligns teams on consistent business definitions, ensuring accuracy and alignment throughout the organization.
- Establishes a hierarchy of metrics, indicating their importance and contribution to top-level KPIs.
- First, we employ the KPI Dupont framework to align the entire organization on a single business definition.
- Once aligned, the SSOT framework is instrumental in integrating this unified definition into the Enterprise Data Warehouse (EDW).
- The SSOT framework ensures uniformity and consistency in data and business definitions across the organization.
This approach not only helps in developing a clear understanding of key metrics but also fosters uniformity and consistency throughout the organization, leading to enhanced decision-making and operational efficiency.
Architecture & Execution
Discover how we partnered with Spreedly to revolutionize their data infrastructure and drive results.
- Thorough data & tech stack assessment
- Collaboration to define impactful OKRs
- Expertise in data modeling for optimized performance
- Critical recommendations for ETL process
Minimized losses by $1.7 million through optimized pricing and packaging
Achieved incremental revenue of $1.8 million per year through improved conversion rates and advertising impact
Identified strategic partnerships leading to a revenue boost of $6.6 million
The implementation of the new dashboards not only saved valuable time but also consolidated all the necessary information in one central location.The newfound efficiency and convenience have revolutionized the way Spreedly approaches analytics, providing them with the critical insights they need effortlessly
DATA EXCELLENCE WITH ARYNG
Experience the power of our data-driven solutions and embrace a future
where informed decision-making becomes second nature.