A few weeks ago we conducted our first quarterly efficiency user test. A group of analysts from several different Wall Street banks was given four different pitchbook slides. Each person estimated how long it would take to create the pages using current tools.
Average estimated time to create in Excel
After a demo of Pellucid, the bankers used the platform to recreate each page. This included plotting the same companies and metrics, selecting the same data label treatments, and adding the same visual variants, all while being timed. Here’s how it broke down:
Average time to order in Pellucid
On average, Pellucid-created content was over 100× faster than current processes.
While using Pellucid to generate the more complicated charts, such as analyst recommendations, returned huge time savings, Pellucid was also faster at creating basic charts, such as market returns over time. Even though it was estimated to take only 30 minutes to produce a line chart with legacy technologies, it took less than a minute in Pellucid. Meaning, 30 market return charts could be created in Pellucid in the time required to create just one with the tools most bankers have available today on their desktops.
During the challenge, users had a couple of questions: “What if I need to change how something looks?” and “What if I need to change the data?”
It's pretty straightforward to change the appearance of a chart in Pellucid. To begin with, there is a range of appearance options for each content item that can be easily turned on or off, such as using tickers instead of company names, or changing the color treatment of the subject company. And, if you need something very specific, there is a custom request feature.
Important to remember is that each content item is created in your organization’s branding, so when the finished content item is delivered, it’s client-ready.
As for data, Pellucid connects to your preferred provider, so the numbers are the same as your terminal. Additionally, using the Data Hub or the quick data edit feature in the Library, you can also apply overrides or change how a metric is defined.
Perhaps one of the most important things about creating content in Pellucid versus current tools is the ease of iteration. Edit and order a chart as many times as you need with just a couple of clicks and, compared to Excel-created charts, an adjustment won’t “break” anything or need to be dismantled if it doesn’t work out as planned.
In addition to providing a fast way to order charts, you can also order books in Pellucid. Books are curated, multi-page items ordered as one entity. So, if the pitchbook pages presented to the analysts in this exercise were available as a book in the Library, it would take less than a minute to order the entire deck. That’s 371× times faster.
At Pellucid, we’re always striving to get you the content you need, the way you need it, as quickly as possible. If you want to take the Pellucid challenge and see how much time you could save, email firstname.lastname@example.org.
Explore Pellucid’s content, created specifically for pitchbooks and financial analysis. Request a demo.