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Is your modern finance function ready for advanced analytics?
Today, advanced analytics is the cornerstone of business strategy. Technology advancements and the proliferation of data are dramatically reshaping the role of the finance function. Big data adoption reached 53 percent in 2017, up from 17 percent in 2015, with financial services leading as early adopters. Companies can no longer afford to rely on information generated from their ERP systems…
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3 Practical Areas in Which CFOs are Using Data Analytics Tools to Drive Financial Performance
The advent of data analytics tools has led to a massive shift in the traditional roles of CFOs from record keeping to becoming strategic leaders within organisations. CFOs must seize this opportunity and use it to elevate financial performance of organisations. Failing to do so will make them miss out on expanding their impact on non-finance departments such as marketing,…
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CFOs are Using Business Intelligence for Significant Competitive Advantage
Companies try different strategies to remain competitive. Dynamic market trends and technological innovation make it all the more challenging to achieve this goal. One way to do this right is managing data well, and leveraging it to correctly generate strategic insights. Data enables companies to make more prudent and productive decisions, and leverage their competitiveness. Along with this, there is…
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