Knowledge Bank: Leverage Organizational Knowhow, Iterate Models Faster

30 September 2023

Decision Critical is proud to announce the long-anticipated beta release of our Knowledge Bank module!

Unlock a new level of decision-making agility with Decision Critical's Knowledge Bank. Far from a mere storage vault, this new module lets your team synthesize your organizational expertise into a singular, authoritative reference set for key data. From enhanced data fidelity to rapid model iteration, the Knowledge Bank offers transformative benefits for your planning workflow.

Scalable and Customizable

Decision Critical’s new Knowledge Bank streamlines management of key modeling assumptions, bolstering workflow efficiency and consistency across your scenarios. This new module enables effortless centralization of essential data, ranging from staffing and equipment to utilities and taxes.

The centralized approach not only minimizes input time but also simplifies updates.

As your business landscape shifts, the Knowledge Bank adapts. It's scalable to meet evolving demands and customizable to fit your industry-specific needs, enhancing both integration and data management.

Efficient Data Retrieval: Accelerate Decisions, Streamline Processes

Locating and retrieving information can consume valuable time, particularly when changes need to be carried across multiple versions. The Decision Critical Knowledge Bank significantly improves this process by offering a central hub for your team to curate key modeling assumptions.

With its user-friendly interface and advanced retrieval features, swiftly pinpoint the exact data points you require, optimizing both time and efficiency. Access the right information in-model with just a few clicks.

By eliminating inefficiencies and errors inherent in manual updates, the Knowledge Bank centralizes data for quick retrieval and seamless synchronization with models.

Revamped Navigation Experience

Get a glimpse of the future with the Knowledge Bank's new navigation system—a harbinger of the sleek, user-centric design we'll soon roll out across our entire platform.

This is about more than visual polish—it's a strategic upgrade aimed at streamlining your workflow.

Easily move and arrange windows to craft your own dashboard configurations. This level of customization allows you to better observe and understand interactions between various functional modules.

Where Can I Find The Knowledge Bank?

  • Knowledge Bank button can be found on the right side of your Company's name

  • Inside you'll see the menu of Staffing, Equipment, Utilities and Tax

Inaugural Modules for our Beta Launch: Staffing, Equipment, Utilities, Tax

The Knowledge Bank is your robust hub for managing key modeling assumptions in Decision Critical —staffing, equipment, utilities and tax. We have seen how this new module introduces a unified system for simplifying the intricacies of these diverse data sets. Now, let's delve deeper into each data type and explore how the Knowledge Bank streamlines their management.

Staffing

Staffing

The Knoweldge Base’s Staffing module offers an all-inclusive view of positions within your organization.

It collates essential data points like net salary, payroll tax, gross salary, work hours, workstation details and associated expenses.

By centralizing this information, the module enhances your ability to manage staffing assumptions, offering a cohesive picture of roles and their associated variables.

Equipment

Equipment

The Equipment module in the Knowledge Base centralizes key data points on your organization's main fixed asset types, from purchase price to useful life (which, in turn, drives depreciation and replacement cycles).

Additionally, you can customize variables such as utilization intensity, space requirements, operator assignments and utility consumption.

This holistic approach streamlines management of equipment assumptions, providing consistent control over key parameters.

Utilities

Utilities

The utility feature in the Knowledge Bank grants you access to various utilities essential for your business operations, including electricity, water, gas, etc.

Utilities in Decision Critical are purchased at designated rates and are drawn by equipment in the course of production. The consumption of named utilities is directly driven by the utilization of these machines. The utility directory offers a centralized location to manage and monitor your utility expenses.

Tax

Tax

The tax directory in the Knowledge Bank covers four types of taxes: sales tax, value-added tax / goods-and-services tax, corporate income tax, and payroll taxes. For each tax type, you can define the applicable rates and payment frequency. Specialized settings are available for each of the tax types.

Tax management in the knowledge base allows you to effectively forecast the likely future tax obligations of your company under the scenario being modeled.

More to come

The beta launch of our Knowledge Bank is just the beginning.

Stay tuned for upcoming feature rollouts, in which we will introduce wide-ranging import capabilities, multiple layers of Knowledge Bank organization and seamless sharing options.

We're also expanding the types of data you can manage—expect to see new modules for raw materials, products, costing and expenses, along with enhanced workflows and third-party integrations.

Happy modeling!
Decision Critical