What you need to know
Finance professionals are breaking free from the stereotype of being mere “number crunchers”, and are being empowered to drive their organisation’s financial health and its ability to meet its strategic objectives.
Whereas financial data was previously analysed to “balance the books”, now finance analytics can be used to leverage your insights so that you can interpret anomalies and make value-added business decisions.
This means that the future of your role as a finance professional will see you become a key driving force in creating an organisation that effectively unlocks the true potential of its finance data.
Our Ultimate Guide to Finance Analytics guide will equip you with the knowledge you need to prepare for a role with data at the heart of it.
Your guide will explore:
1. Why you should strive to get more out of your financial data.
2. How big data is transforming the role of the finance professional.
3. The big six financial analysis capabilities you need to know.
4. 9 proven practical steps to get more out of your finance data.
The benefits of using finance analytics:
Make more accurate predictions
Reduce your financial risk
Increase your profitability
Streamline your processes
A survey by MIT and IBM found that organisations that adopted analytics to analyse their data had 8% higher sales growth, 24% higher operating income and 58% higher sales per employee than those that did not.
Whilst according to Forrester, less than 0.5% of data is ever used, but just a 10% increase in data accessibility can result in $65 million additional net income.
Finance needs to transition into a much more digital and rapid service to support the business.
- Naved Qureshi, associate partner, finance transformation, IBM