Ventana Research recently completed groundbreaking benchmark research on how finance organizations use analytics these days. Of course, analytics have been a mainstay of finance organizations since people started using accounting ratios to assess the health and performance of a business. Yet perhaps because traditional analytics are so deeply entrenched, finance departments execute the basics well but don’t take the next step to fully utilize the power of information technology to use analytics more effectively. And they should: Our research finds that a majority of executives and managers outside the finance organization want the department to play a more strategic role in their company’s management.
Topics: Analytics, Business Intelligence, Business Performance Management (BPM), Cognos, finance, Financial Performance Management, Financial Performance Management (FPM), IBM, Operational Performance Management (OPM), Oracle, Predictive Analytics, Sales Performance Management (SPM), SAP, SAS, Office of Finance