Artificial Intelligence (AI) has the potential to considerably evolve data-rich industries such as financial planning. This technology could be instrumental in enabling the sector to be more efficient, more effective and to grow at a faster pace. However, much of the potential of AI is still yet to be seen so is it
Consolidated financial statements are an essential part of the accounting process for group companies. This key information provides perspective on the entire business, something that is often lost when looking only at figures for the parent or a single subsidiary. Although consolidated financial statements can be time consuming and – without the right
Predictive analytics are increasingly becoming a priority in business. In fact, more than half of global FP&A teams are looking to implement this by 2020. This type of technology ranks higher in terms of meeting business need than many others, including automation, AI, chatbots and blockchain. Predictive analytics has a fundamental role to
Modern financial software provides a myriad of solutions when it comes to enhanced digital corporate management. The ability to generate business intelligence and key analytics, in particular, can provide any organisation with better operational insights and the tools to create a competitive edge. It can support more informed decision making and improve accuracy.
It’s widely accepted now that effective CRM tools have a vast amount to offer when it comes to driving business success from the inside. Unfortunately, many simply don’t have the inbuilt functionality that is necessary to master planning too. However, there is a way to link up these essential processes to make sales
Performance management is a highly effective way to streamline productivity and improve results and insight when it comes to business finances. Corporate Performance Management (CPM) software effectively enables any organisation to ensure that the resources that you have available are being intelligently used to help drive the business towards its goals and targets.
The process of financial consolidation can be time consuming and laborious, especially in the context of a sizeable group. Manually handling the various workflows and data involved can also lead to mistakes and errors that create problems and inaccuracies. If you’re looking to improve the quality of financial consolidation in your business –
Being able to successfully transform strategic and financial goals into execution is no easy task in any organisation. There are many obstacles that exist, not least the tension between sales and finance functions and the data that is used to execute business strategy. Both sales and finance may be using different sets of
Artificial Intelligence (AI) is often discussed as a separate entity that may or may not be incorporated into business practice as the technology develops. However, the reality is increasingly that AI is likely to become a part of many of the systems and processes that already make up business infrastructure today. In fact,
Artificial Intelligence (AI) is the topic that everyone wants to talk about right now. It’s not just developments in this technology that are getting people excited but also the opportunities that there are for improving existing systems, including in financial planning and analysis. In the financial sector there is great potential for success