What is Advisory Studio by Chata?

About Advisory Studio by Chata

Chata develops innovative solutions to the complex problem of data access and analysis in the financial services space and beyond. We asked them 8 questions, as a part of our “What Is” blog series, to learn more about their app and their company.

What is your App’s name, what do you do, & when did you get published on Intuit’s Apps.com?

Our app is called Advisory Studio by Chata. It’s a digital workplace for data-driven financial professionals that allows them to find answers in their clients’ data, immediately, and share their expertise, seamlessly. Our goal is to make it as easy as possible for financial professionals to provide a holistic view of their client’s business and grow their practice with advisory services clients can’t do business without.

We officially launched in the QuickBooks App store May 18, 2018.

What was the main problem you were trying to solve when you first developed Advisory Studio by Chata?

The idea for this app came from a frustration with how difficult it is to access and fully utilize the high volumes of important data that running a business produces. We wanted to be able to simply ask for the data we needed to make critical business decisions. So, we built software that makes it possible to do just that: type in requests or questions and have the system search the data to find exactly what you’re looking for. This is the cornerstone of our Data Chat feature, but it’s also the main building block of Reports, Dashboard, and Cash Flow Forecasting in the Advisory Studio. 

Data is only as valuable as the actions you can take once you know why the numbers are what they are. So, on top of the Data Chat functionality, we also wanted to build infrastructure like our customizable Reports and Dashboards so that the data you get is easy to understand and share with others in an impactful way. The goal that drives our software development process is helping financial professionals offer high-value advisory services so they can thrive in this changing ecosystem.

What companies (or users) are the best fit for Advisory Studio by Chata?

Our app is a great fit for anyone who runs a business or supports others running their business. We think that financial professionals offering advisory services play a huge role in helping businesses succeed, so we built the Advisory Studio by Chata for them. Using the app, advisors can take their client relationships to the next level. They can spend more time offering their expertise (and exceptional experiences) to their clients and less time finding answers in the data.

We work best for businesses that have a good in-flow of data, so they are using tools like Receipt Bank or Hubdoc, plus they rely on a trusted advisor. We’re here to help advisors support businesses that are actively growing and want to take confident steps on the road to success, whatever that looks like for them.

Tell us about your users’ top 3 favorite features or benefits of Advisory Studio by Chata.

  1. CPAs and CFOs find a ton of value in being able to provide data-driven advice and expertise to their clients or their team without spending more time slicing, dicing, and analyzing data. 
  2. The Advisory Studio is also a value-add for clients of financial professionals who need to know what their numbers really mean. Easy-to-understand visualizations and custom-built Reports and Dashboards make it straightforward for anyone to gain insight from their numbers, even if they aren’t trained in data analysis. 
  3. For anyone looking to make strong, impactful decisions about their business, the Advisory Studio makes it possible to back those next steps with hard data. Numbers tell the true story of the business. Users leverage the app to discover that story and decide what the next chapter looks like. 

Tell us about your company’s culture and leadership.

Based in Calgary, Canada, the team behind Chata is a passionate group of engineers, developers, scientists, and data-obsessed nerds working hard to make it possible for everyone to leverage data to make great business decisions that boost their bottom line. Our leadership is backed by decades of experience innovating in the tech, healthcare, and finance industries. We love solving the difficult problem of data accessibility just as much as we love a good Star Wars reference or a Grammy-worthy performance at karaoke night.

How is your app different from your competitors?

Advisory Studio by Chata was built to provide unparalleled access to business and financial data. Rather than search through spreadsheets or navigate through drop-down menus, our users simply ask for the data they’re looking for. It’s as simple as typing in questions like “Total sales this month” and the system returns the data immediately. 

While other systems do provide dashboards and automated reports, the Advisory Studio offers unbeatable flexibility for users who want to offer completely customized deliverables to their clients. Creating easy-to-understand visualizations like charts and graphs takes just a couple of clicks. Users can share those custom Reports and Dashboards directly in the app and collaborate immediately.

What is the pricing for Advisory Studio by Chata?

Financial professionals receive unlimited, free access to a Premium plan for their firm’s Company File! To learn more about our tiered pricing for financial firms, check out our website.

Does Advisory Studio by Chata have any programs for QuickBooks ProAdvisors?

In addition to ProAdvisors receiving free access to their firm’s Company File in the Advisory Studio, they also have exclusive access to our Partners-only support channels. From onboarding to implementation, we help our Partners every step of the way with personal support. We’ve also created robust resources that help them set up the app for their firm or their clients. An all-out certification program is on the way!

To learn more about Chata visit their page on Apps.com or check out their website. 

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