Business Intelligence Companies & Consultants in Santa Fe, NM

Falling Colors is a fintech and data company based in Santa Fe, New Mexico. It builds and runs systems that pay out and track public and philanthropic money. Its clients include state agencies, foundations, non-profits and other mission-focused organizations. They range from government programs with budgets in the hundreds of millions to much smaller charities.

For buyers comparing Business Intelligence vendors, the key difference is that its analytics are tied directly to payments. The same platform that handles claims and vendor payments also feeds the reporting layer, so funders can see how each dollar is used while a program is still running.

Business Intelligence and data services

The company's data work covers everything from intake to analysis. Automated extract-transform-load processes and rules engines clean financial records and combine them with field data. The results appear in interactive dashboards that refresh continuously. Program managers and service providers use these views to see how well and how cheaply programs are performing.

Clients who want more than numbers can add qualitative inputs. Falling Colors also offers predictive modeling and focuses its work on measurable outcomes. Authorized lead-agency users open Microsoft Power BI dashboards through the company's portal, and burn-rate dashboards show how fast budgets are being spent.

Its work falls into four groups:

• Configurable software and system design for fund management, care and case coordination, claims processing, incident tracking, and surveys and assessments
• Financial management, including third-party payer services, invoice handling, vendor payments, contracting with providers on request and rules-driven grant administration
• Data and analytics, covering reporting, dashboards, ETL automation and forecasting
• Consulting and support, including process redesign, simpler data collection, moving paper workflows to digital tools, and a local help desk that handles questions and provides training

How it works with clients

Each engagement starts with learning what the program is trying to achieve. Clients decide who receives money and how it is divided. Falling Colors staff then set up, run and adjust those rules for as long as the funding lasts, keeping spending within budget and getting payments out promptly. The firm calls its method iterative: data from claims and compliance reporting is used to keep improving how funds are distributed.

Specialties in New Mexico

Much of the company's work is in behavioral health and social services in New Mexico. It operates several state systems:

• NMSTAR, a statewide system the Behavioral Health Collaborative and providers use to gather data and handle program finances
• A Critical Incident Reporting application for filing reports with the CYFD licensing bureau and sentinel-event reports with BHSD
• The New Mexico Healthy Families application, used to build care plans for newborns and their mothers
• The NM Local Food Data Portal, which shows purchases made under the New Mexico Grown program

A secure file transfer site is also available to clients.

Credentials and background

Falling Colors has more than twenty years of experience. It holds HITRUST r2 certification, and its infrastructure is built to meet HIPAA and 42 CFR rules for sensitive health information. It is a certified B Corporation and a benefit corporation, and says it earned the fourth-highest B Corp score in the world in a recent certification cycle.

Its mission is to improve the social determinants of health. A related Falling Colors Foundation gives part of the company's profits to community programs with the same goal. The firm also publishes a commitment to building a diverse workforce.