Transform your finance operations into a strategic, data-driven engine.
Data inundation and information overload have burdened practically every largescale enterprise today, providing great amounts of detail but often very little context on which executives can act. According to the Harvard Business Review,1 less than half of an organisation’s structured data is actively used in making decisions.
The burden is felt profoundly among finance executives, who increasingly require fast and easy access to real-time data in order to make smart, timely, strategic decisions. In fact, 80% of analysts’ time is spent simply discovering and preparing data, and the average CFO receives information too late to make decisions 24% of the time.
To succeed in intensely competitive industries such as manufacturing, distribution, and services, it’s absolutely critical to prioritise data management, analytics, and business intelligence (BI) capabilities.
Fortunately, today’s enterprise management solutions enable executives to do that by providing real-time visibility into the business and promoting collaboration across the enterprise. These solutions are designed to deliver actionable information by endowing data, as the late business management authority Peter Drucker would say, “with relevance and purpose.”