How To Calculate Magic Number in BQE CORE Suite | Arithmix

Learn how to calculate the magic number in BQE CORE Suite with our step-by-step guide. Improve your project management skills and streamline your workflow with this essential calculation.

Calculating the magic number in BQE CORE Suite is a simple process that can help you better understand your business performance. But before we dive into the steps, let's first understand what the magic number is and when it's valuable to calculate it.

What Is Magic Number?

The magic number is a metric that measures the efficiency of your business operations. It's calculated by dividing your revenue by the total number of employees in your organization. The resulting number represents the amount of revenue generated per employee.

For example, if your company has a revenue of $1 million and 20 employees, your magic number would be $50,000 ($1 million divided by 20 employees). This means that each employee generates an average of $50,000 in revenue for the company.

When Is It Valuable To Calculate Magic Number?

The magic number is a valuable metric to calculate for several reasons. Firstly, it helps you understand the efficiency of your business operations. If your magic number is high, it means that your employees are generating a lot of revenue for the company, which is a good sign. On the other hand, if your magic number is low, it may indicate that your business operations are not as efficient as they could be.

Secondly, the magic number can help you benchmark your business against others in your industry. By comparing your magic number to other companies in your industry, you can get a sense of how efficient your business operations are relative to your competitors.

Finally, the magic number can help you identify areas for improvement in your business operations. If your magic number is low, it may indicate that you need to streamline your processes or invest in training for your employees to improve their productivity.

In conclusion, calculating the magic number in BQE CORE Suite is a valuable exercise that can help you better understand your business performance and identify areas for improvement. By following the simple steps outlined above, you can easily calculate your magic number and use it to make informed decisions about your business operations.

How Do You Calculate Magic Number in BQE CORE Suite

BQE CORE Suite itself isn’t naturally geared towards letting you calculate complex metrics like Magic Number. As an alternative, teams typically use products like Arithmix to import data from BQE CORE Suite and build out dashboards.

What is Arithmix?

Arithmix is the next generation spreadsheet - a collaborative, web-based platform for working with numbers that’s powerful yet easy to use. With Arithmix you can import data from systems like BQE CORE Suite, combine it with data from other systems, and create calculations like Magic Number.

In Arithmix, data is organized into Tables and referenced by name, not by cell location like a spreadsheet, simplifying calculation creation. Data and calculations can be shared with others and re-used like building blocks, vastly streamlining analysis, model building, and reporting in a highly scalable and easy to maintain platform. Data can be edited, categorized (by dimensions) and freely pivoted. Calculations are automatically copied across a dimension - eliminating copy and paste of formulas.

Arithmix is fully collaborative, giving your entire team access to your numbers and the ability to work together seamlessly.

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Calculating Magic Number in Arithmix

Calculating metrics like Magic Number is simple in Arithmix. Once you've created your free account, you’ll be able to import your BQE CORE Suite data, and use it to create natural language formulas for metrics like Magic Number.

Arithmix is designed to give you the power to build any calculations you want on top of your BQE CORE Suite data, while also being easy to use and collaborate on. You can share your dashboards with users inside and outside of your organisation, making it easy to empower your whole team.

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