The Ledger
Curated content foranalytical business leaders
Achieving Real-Time Reporting With Meaningful Data
March 12, 2018
Timeliness of reporting can deliver real returns to the business. But real-time reporting and analytics can mean many things to many people. Data in an organization is often in silos due to traditional technology restraints, and different departments have different data needs. Automating, centralizing, and standardizing data is key. Reducing the amount of data replication will get you closer and closer to “real-time” access to meaningful data.
Read More at The Digitalist by SAP >
Data Saves the Day for Retailers
March 8, 2018
Amazon has become one of the most successful retailers, mostly because they invested in data-driven technology that has given customers what they want before they even know they want it. To compete with such a large force, small retailers are focusing on their data. Consumers of all generations expect an entirely new shopping experience, one of limitless choices, fingertip access to information, convenient and seamless transactions, and transparent pricing. And if these new norms are not delivered, they will find another retailer. The more consumers search, shop, and socialize online, the more data’s role in retail decision-making will mature. To stay competitive, small retailers need to invest in strategic enablers.
Read More at The Digitialist by SAP >
Continuous Improvement in Accounts Payable
March 7, 2018
“For some companies, processing accounts payable is a time-consuming, detail-intensive function. For others, it’s a quick and easy task. But before jumping to conclusions about your company’s relative process performance, take the time to view data through multiple lenses: intra-company, intra-industry, and cross-industry. Companies that take this holistic view of process benchmarks develop a rich baseline of data to help improve their finance operations.”
The Strategic Future of FP&A
March 6, 2018
Most FP&A professionals would agree that becoming more strategic is imperative to add more value to your business. The role of FP&A enhances business outcomes through the production of quality data, information and insight. These insights then lead to more informed business decisions. The FP&A industry as a whole is evolving into a more strategic partner within the organization because there is more of a focus on improving value and three guiding principles.
Read More at CFO Tech Outlook >
