Monthly Archives: February 2019
Data-Driven Analytics for Financial Services
Data-driven analytics are key to the current and future competitiveness of financial service companies. By capturing and leveraging massive volumes of data, financial services companies can capitalize on new data-driven business opportunities. The first step toward realizing this goal is a solid data management foundation that supports the analysis of both enterprise data and Big Data. Once this […]
Dynamic Reporting: The Quest to a Single Version of the Truth
Reports are used to “take the pulse of the business” and offer insights into the organization’s health. Having a clear perspective of the company’s key drivers is critical for businesses to remain competitive and profitable. Major efforts are underway enterprise-wide as organizations harness the power of their data to drive better, faster decision making. As […]
Intelligent Automation in the C-Suite
“Intelligent automation boosts both day-to-day finance functions and the quality of finance’s strategic insight.” Digital Transformation is in everyday tasks and gives insight into how AI impacts the average finance member up to the CFO. The greatest benefits of automated processes come from the finance function’s improved ability to be proactive and creative in providing […]
Is Activity-Based Costing Worth It?
Manufacturing companies need to understand product costs accurately and in detail. This kind of information is essential for planning operations, pricing, and evaluating business margins. Activity-based costing helps manufacturers identify what products are truly profitable, the true costs of products for pricing, and what activities are driving costs. However, activity-based costing is known for being […]
Tackling Supply Chain Challenges Head On
The top three challenges most supply chains face are managing complexity, increasing agility and generating value. Managing complexity is the result of customized demand and multi-tier networks of product and service supplies. Additionally, volatile demand, fast-changing market conditions and geopolitical instability test the agility of the supply chain and exposes where it is lacking. This […]
[INFOGRAPHIC] Broken Promises: Is it Time to Break Up With Your Analytics Tool?
Many ERP and business process vendors claim to offer analytics tools that can provide advanced business insights and actionable information. However, one shortcoming of most business analytics programs is the inability to fully integrate data systems from across the company for dependable insights. If your analytics platform is not measuring up to your expectations, this […]
Integration is Essential for Collaborative Planning
Collaborative enterprise planning systems and techniques are being continually enhanced, because FP&A professionals now realize planning is more than just a user interacting with a single model. Collaborative planning requires an enhanced set of technologies not found in earlier planning solutions. Those solutions tended to be little more than calculation machines where data was submitted by […]
Facilitating Powerful Analytics in a Data-Driven Culture
Demand for advanced analytics is increasing, and so is the expectation that management accountants will perform the analytics. Finance leaders want a data-driven culture to maximize the value of data through analytics. Specifically, they aim to make business decisions faster and more accurately through automation and predictive modeling. Trust in data analytics is the foundation […]
How Drill-Down Capabilities Can Increase Customer Retention
A world market leader of power tools and accessories manufacturing launches hundreds of new products each year across various brands. Until recently, the company relied on a traditional manufacturing process. Product teams worked with end users to identify needs and then build features around these needs to roll out around the world. However, they lacked […]