The area of analytics is constantly developing and is an area that used to require a lot of manpower but is now moving into the digitized age. Essentially, finance and business people alike can pull the numbers directly from a BI or front-end graphics platform
To drive value creation in a business, it’s important that all employees and functions focus on doing what they do best. Sales should focus on meeting customers, explaining the value proposition and closing deals, operations should focus on delivering the product as agreed, procurement needs
What’s the number one thing a finance professional can benefit from? If you can only choose one word what would it be? We’ve made our selection! “Variance” Wherever there’s variance in a company it’s a chance for someone to explain and possibly improve company performance.
Talking about Big Data and Analytics let’s take a closer look at what kind of people you need to be successful in this area. If you want to extract value out of big data, you need to invest in doing so. Like with anything else
These days no one cares about the past because the present and the future is coming at you so fast and with so much change that dwelling on the past and making decisions based on historical insights can lead to disaster. All companies need to
The Finance function is undergoing a rapid change like everything else in business. To maintain its relevance, not only as a stand-alone function but also as a part of the business it’s time for Finance to power up its analytical capabilities and take over the
Samuel Dergel, Executive Search Consultant and author of “Guide To CFO Success” posted a story proposing a new name added to the executive table – Chief Analytics Officer or CAO and stating that since Finance had not managed Big Data and Advanced Analytics well it