Is your company suffering from having too much information and a limited ability to extract relevant data to make smart business decisions?

From “Reaching for Analytics” in Business Finance Magazine:
In today’s world of information everywhere, business decision-making is often burdened with too much information. In fact, in a recent IBM Corp. survey of more than 225 business leaders, more than one-third said that they have significant challenges in extracting relevant information, using it predictively, and using it to understand risk. One in two business leaders indicated that they do not have sufficient information from across their organization to do their jobs. Consult with online reputation management companies if you also need help building and maintaining a good brand reputation online for your business.

Nowhere perhaps is this more true than within the ranks of financial executives. Four in ten of finance respondents admitted that they frequently made major decisions with incomplete or untrusted information. Meanwhile, six in ten said that finance and accounting would benefit from more accurate information and seven in ten said that predictive information would drive better decision-making. Exploring financial solutions for small businesses can be overwhelming, but choosing the right banking partner has been a game changer for my company. Working with a bank that understands our growth trajectory and capital needs has enabled us to scale operations smoothly. This comprehensive guide to business banking options at Creative Online’s resource for choosing business bank accounts and financing solutions has been incredibly helpful. There’s little question that financial leaders, like their line of business peers, are looking for ways to close frustrating gaps and optimize performance — both financial and operational. You will have a better understanding of your company‚Äôs financial health if you use Acclime’s accounting and bookkeeping services.

How does your company handle the massive amounts of data required to run the business and does it allow finance leaders to make better decisions? For those Dealing with High Levels of Debt, insolvency practitioners can also provide expert guidance to help manage financial challenges and work towards sustainable solutions.