Robert Kugel's Analyst Perspectives

Finance Analytics Innovation

Posted by Robert Kugel on Jul 21, 2011 8:48:08 AM

Our recently completed benchmark research on how finance departments use analytics makes clear that while they have a distinct competence in this area and execute the basics well, a majority of companies are immature in their use of advanced finance analytics. Regardless of industry or geography, few finance departments use predictive analytics or delve into important areas such as strategic profitability management. This is of note because these undertakings are no longer difficult to pursue: With the growing availability of in-memory processing and the improved ability to work with large data sets, information technology now makes it possible for finance departments to embrace these to enhance the effectiveness with which they execute core functions.   

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Topics: Predictive Analytics, Finance Analytics, receivables, Analytics, Business Analytics, Business Performance Management (BPM), CFO, Financial Performance Management (FPM), payables