Sector Focus

How finance managers are using business intelligence platforms to gain insights and drive growth. Companies that design, produce, and sell business intelligence software have claimed that the use of their platforms has increased productivity in financial planning and accounting by anywhere from 20% to 50%. What’s more, these companies claim that the use of their software not only increases efficiency but also provides insights into the business in a way that was not possible earlier. Read more here.

Governance, risk, and compliance are still going strong

Each passing year creates a new record in terms of corporate costs associated with government and industry regulatory compliance. Some of these costs are unavoidable; they are just the cost of doing business. However, much of the cost comes from mishandling. Bad training causes this mishandling. Workers don’t understand risks, rules, and compliance.

Read more here.

Cognitive analytics: the revolution in planning, budgeting, and forecasting 

Finance professionals spend a great deal of their time with the planning, budgeting, and forecasting (PBF) process. It is an important aspect of business planning since it not only provides management with measurable goals and targets but also offers a broad outline as to how to achieve those goals. The CFO and the finance department in some organisations can drive business with active, aggressive planning & budgeting. Read more here.

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