24 September 2019
Director of Finance magazine has published MHR Analytics' guide to the often untapped capabilities of data analytics.
Understanding key value drivers, visibility of cash flow, and syncing data across the organisation are just some of the benefits that can be optimised once a data analytics system is in place.
The feature, entitled So You Think You Know Analytics, outlines some of the ways finance teams can add value and become more efficient by understanding and capitalising on the technology.
"Analytics can be used to get a multi-dimensional view of your cash flow – looking not just retrospectively, but in real-time, and even to predict what future cash flow will look like," points out expert Oletta Stewart.
The feature also touches on predictive analytics techniques, which are becoming more important as businesses strive to navigate uncertainties in the business climate.
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