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How Banks Can Turn Compliance Burden Into A Data Opportunity

PYMNTS

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

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How Data Guides A New Era For The ERP

PYMNTS

It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. He pointed to financial reporting as one example of this shift. Modernizing the ERP. Disruption Ahead.

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3 Ways to Use Power BI To Make the Most Of Nonprofit Data

Collectiv

Additionally, the manual nature of these spreadsheets makes the process prone to human error when inputting, interpreting, and distributing data. By contrast, a tool like Power BI makes it easier (and quicker) to reliably collect, organize, and analyze data.

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What is Financial Planning and Analysis (FP&A)?

Spreadym

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

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Four Techniques Companies Use To Advance In Today’s New Economic Environment

The Finance Weekly

Make a financial reporting strategy. One of the most difficult aspects of a merger or acquisition for finance experts is combining the financial data of two independent firms into one. Holding everyone in the organization equally responsible for M&A or divestment success will create collaboration, alignment, and buy-in.