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Finance boosted by BI is more predictive and more agile
More voluminous, more diverse, but also more complex: data are bringing about a genuine disruption in finance-related business lines. This new “data”-focused approach portends a tangible benefit: finance players from CFOs to sales teams are embracing the technology and viewing it as a real business partner that enhances their work, improves their accuracy and builds their predictive skills.
Analytics for finance
As the saying goes, “the company manager manages, and the CFO gives the orders!”. The successive economic crises have turned chief financial officers into trusted advisors to top management. Their responsibilities are great and include measuring costs and risks, tracking turnover and managing cash and financial investments. But there is good news: there is a wide range of BI solutions to help them perform their tasks. They are easy to grasp and speak the language of finance, making them invaluable companions providing a big-picture view. Finance departments have everything to gain from adopting them, including custom-designed reports, more accurate budgets and forecasts, and optimized processes across the board.
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of CFOs say their priority is to enhance reporting through predictive and prescriptive analytics in 2020
Source : www.daf-mag.fr
of CFOs believe digitization will enable them to put information at their experts' fingertips more quickly
Source : PWC